Cyclohexylbenzene Market

Cyclohexylbenzene (CXB) is used in petrochemicals, polymers, and surfactants, among other things. A hydrocarbon with the chemical formula C6H5C6 is cyclohexylbenzene. It is a flammable, colorless liquid with a distinct benzene-like odor. Cyclohexylbenzene is created as a byproduct of the production of benzene and toluene. This substance is most frequently used as a plasticizer in polycarbonate and polyurethane materials for plastics and coatings. Additionally, cyclohexylbenzene is used as a preservative and solvent.

The market has been divided into solvents and intermediates based on the product type. It has been separated into four regions based on countries: North America, Europe, Asia-Pacific, and the rest of the world. It is divided into chemical and pharmaceutical products, plastics and rubber goods, automotive and other consumer goods, and end users.

The market for cyclohexylbenzene is anticipated to expand at a CAGR of **% from 2018 to 2031. The expansion can be attributed to the rising demand for advanced organic chemicals and environmental protection in different industrial sectors. The market for cyclohexylbenzene has been divided into regions and end users. The market has been segmented into chemicals, plastics, food & beverage, and other applications based on end users.

The cyclohexylbenzene market is divided into two categories based on application: chemical and electronic. Due to rising demand from various industrial sectors, including automotive, aerospace, and electronics, the electronic segment is anticipated to hold a larger market share. On the other hand, a higher growth rate for the chemical segment is expected due to increased demand from the biotechnology and pharmaceutical industries.

The three major market participants for cyclohexylbenzene are BASF SE, Dow Chemical Company, and Mitsubishi Heavy Industries Ltd.