Cyclohexylbenzene Size, Trends, Share Analysis, And Outlook Report 2024 To 2033

The cyclohexylbenzene market size has grown steadily in recent years. It will grow from $2.57 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to raw material availability, regulatory environment, competitive landscape, consumer preferences, trade policies.

The cyclohexylbenzene market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to market expansion, environmental regulations, emerging market trends, global economic outlook, political stability. Major trends in the forecast period include technological advancements, global trade dynamics, market consolidation, technological adoption in end-use industries, r&d investments.

Market Overview -
The cyclohexylbenzene refers to a bicyclic hydrocarbon formed by directly linking a cyclohexane and benzene ring. It is heated with hydrogen in the presence of a catalyst, causing partial hydrogenation to produce cyclohexene, which is then alkylated to form cyclohexylbenzene. It acts as a lithium-ion battery electrolyte additive to improve battery safety and in the manufacture of drugs and many other compounds. Cyclohexylbenzene can also be used for preparing two common intermediates for chemical products: phenol and cyclohexanone. It is widely used in the production of liquid crystal displays (LCD), lithium batteries, and plastics because of its insolubility in glycerol and water.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=8117&type=smp

Growth Of Electronics Industry To Drive Market Expansion
The rising growth in the electronics industry is expected to propel the growth of the cyclohexylbenzene market. The electronics industry can boost a country's economic growth, create jobs, and accelerate development in other sectors. The use of cyclohexylbenzene as an anti-overcharge additive in electric and electronic LCDs makes it a vital component identity for the electronic industry. For instance, in January 2022, a report published by the Ministry of Electronics & IT stated the projections for the various electronic products that will propel India's transformation from a US $75 billion electronics manufacturing hub to a US $300 billion electronics manufacturing powerhouse. This growth in electronics manufacturing includes mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, auto electronics, electronic components, and others. Therefore, the increase in manufacturing and demand for electronics will drive the cyclohexylbenzene market.

Competitive Landscape -
Major companies operating in the cyclohexylbenzene market report are Thermo Fisher Scientific Inc., The Merck Group, TCI Chemicals Co. Ltd., Santa Cruz Biotechnology Inc., Alfa Chemical Co. Ltd., Schultz Chemicals Limited, Biosynth International Inc., Henan Tianfu Chemicals Company Limited, Syntechem Company Limited, Amadis Chemical Company Limited, Hangzhou Hairui Chemical ltd., Oakwood Products Inc., Dynovac Industreies Inc., Anshika Polysurf Limited, Eastman Chemical Company, Samsung Group, BASF SE, MITSUBISHI Corporation, Jintan Jinnuo Chemical Co. Ltd., Anhui Fulltime Specialzed Solvents & Reagents Co.Ltd., Jiaxing Buyun Fuxin Chemical Factory, CEC Limited core competency, Nanjing Qisheng Chemical Industry Co. Ltd., Changsha Easchem Co. Ltd., Hefei TNJ Chemical Co. Ltd., Zhejiang Weihua Chemical Co. Ltd., Dayangchem Co. Ltd., Haihang Industry Co. Ltd., Jinan Haohua Industry Co. Ltd., Shanghai Hanhong Chemical Co. Ltd.

Product Innovations Transforming The Cyclohexylbenzene Market
Product innovation is a key trend gaining popularity in the cyclohexylbenzene market. Major market players are concentrating their efforts on innovative cyclohexylbenzene products to gain a competitive advantage in the market. For instance, in May 2021, Schultz Canada Chemicals Ltd., a Canada-based chemical company, created a new high-purity cyclohexylbenzene product. This cyclohexylbenzene produced by Schultz has the characteristics and quality of an ultra-high purity product, making it one of the ideal displayer materials. It improves the circulation pattern of the lithium-ion battery as an additive to the electrolyte of the lithium-ion secondary battery.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/cyclohexylbenzene-global-market-report

Key Segments -

The cyclohexylbenzene market covered in this report is segmented -

1) By Product Type: Standard, High Purity
2) By Application: Plastics, Paints and Coatings, Adhesives, Electrical and Electronics, Chemical Production

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.