The Global Vinyl Cyclohexane Market Size accounted for USD 63 Million in 2021 and is anticipated to reach USD 91 Million by 2030 with a CAGR of 4.2% from 2022 to 2030.

Vinyl cyclohexane is an organic compound that may be produced in a lab by the Diels-Alder dimerization of 1,3-butadiene and is derived from oil products and other sources of similar natural resources. The corresponding reaction occurs at high pressure and temperature levels with the help of a silicon carbide and copper salt catalyst. The aforementioned product is very helpful in the polymer industry as a raw material for producing many chemicals, polymers, and monomers such 1-vinyl cyclohexane and 2-cyclohexyl propanal.

Market Dynamics

The primary factor driving the market growth rate is an increase in demand for vinyl cyclohexane from the paints and coatings sector in both established and developing nations. The market's growth rate will be directly and favourably impacted by expanding applications for vinyl cyclohexane, such as in medical devices and the development and expansion of numerous end user sectors, particularly in developing economies.

There are many studies using vinyl cyclohexane-based polymers since scientists in the polymer sector are continually looking for a novel substance or derivative that has better qualities than conventional polymers. Due to their low birefringence and high heat deflection temperature, vinyl cyclohexane-based polymers are suitable for optical applications. Additionally, the possible commercialization of this chemical based polymers and the expansion of research activities in the polymer industry will drive the vinyl cyclohexane market share.

However, a major obstacle to the market's expansion will be the deficiency in raw material demand and supply due to the tightness and volatility in their pricing. The market growth rate will be slowed down by high expenses related to research and development, increased environmental safety and conservation problems, harmful impacts on human health, an increase in the availability of replacements, and severe international trade restrictions.

The global vinyl cyclohexane market's supply chain has been affected by the COVID-19 epidemic. The scarcity of raw materials is a primary cause of it. At every point throughout the value chain, the COVID-19 pandemic has had a significant influence on the chemical sector. Due to unpredictability in the worldwide economy and capital markets, product demand decreased. As many nations are in the second or third stage of lockdown, value chain interruptions are likely to continue for the foreseeable future.

Market Insights

The three categories of the global vinyl cyclohexane market are purity, application, and region. The segmentation based on the Purity includes 95%, 98%, 99%, and Others. Based on purity, the market for vinyl cyclohexane is expected to experience the fastest growth in the 98% range. The increase in utility in the chemical industry and as a chemical intermediary in numerous other industries is to blame for this. Increasing laboratory research will also encourage segmental expansion, which will help the vinyl cyclohexane market grow overall. Application segment can be further divided into medical, chemical, and construction.

Global Vinyl Cyclohexane Market Geographical Competition

The five geographical categories of the global vinyl cyclohexane market are North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. In terms of market share, Asia Pacific dominates the vinyl cyclohexane industry globally. Asia Pacific has seen a shift in chemical production because there are affordable labor and raw material costs there. Due to expanding domestic markets, Asia Pacific will also experience the fastest growth rate in end-user industries.

Asia-Pacific is anticipated to be the largest market, while Europe will likely be the second-largest. Favorable chemical emission regulations, joint ventures, acquisitions, and the launch of new products all aid in the expansion of the vinyl cyclohexane market in the area.

Global Vinyl Cyclohexane Market Segment Analysis

Market By Purity

·         98%

·         95%

·         99%

·         Others

Market By Application

·         Chemical

·         Medical

·         Construction

Vinyl Cyclohexane Market Leading Companies

This section of the study honors the market's top vendors AK Scientific Inc., BOC Sciences, Merck KGaA, Norquay Technology, Inc., Tokyo Chemical Industry Co., Ltd., Shanghai Meicheng High Technology Co Ltd., and Toronto Research Chemicals Inc.

Vinyl Cyclohexane Market Regions

North America

·         U.S.

·         Canada

Europe

·         U.K.

·         Germany

·         France

·         Spain

·         Rest of Europe

Latin America

·         Brazil

·         Mexico

·         Rest of Latin America

Asia-Pacific

·         China

·         Japan

·         India

·         Australia

·         South Korea

·         Rest of Asia-Pacific

Middle East & Africa

·         GCC

·         South Africa

·         Rest of Middle East & Africa