Recent research report from Global Market Insights Inc. states that the global cyclohexylbenzene industry size will exceed USD 510 million by 2027.
The rising penetration of benzene in the industrial spectrum, comprising lubricants, plastics, rubbers, and dyes, among others has made way for a large number of its derivatives. One such most-used compound that has grown significantly popular is cyclohexylbenzene. This chemical, which is mainly a high-boiling-point solvent, acts as a major raw material in the production of LCD material intermediate 4-ethyl cyclohexyl benzoic acid. It is also adopted in generating two common intermediates for chemical products, such as phenol and cyclohexanone.
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The cyclohexylbenzene market worldwide, in the forthcoming years, is also expected to grow commendably on account of the rising usage of penetrants in industries, like plastics, painting, and adhesives. Considering its overcharge protection mechanism and electrochemical characterization, this organic compound is believed to block the overcharging process of lithium-ion batteries. In addition, cyclohexylbenzene inks
Mentioned below are some latest developments driving the proliferation of this chemical industry space in the coming years.
- Booming demand for electronic grade cyclohexylbenzene
The rising development of digital products, electric vehicles, and energy storage technology has propelled the need for various electrolyte additives to cater to lithium-ion battery electrolytes for enhancing battery safety. Driven by this, cyclohexylbenzene has grown increasingly popular as a high-end electronic chemical given its high purity and low impurity content. Its growing usage as an effective overcharge protection agent in comparison to other aromatic compounds along with the robust ability to operate at elevated temperatures will add to the market development.
- Rising industrial use
The compound is extensively adopted in the chemical sector as it provides an alternative approach for the generation of phenol when oxidized. On account of its growing utility to coproduce cyclohexanone, it is gaining wide preference as an industrial solvent as well as an activator in oxidation processes. Surging penetration in the manufacturing of cyclohexanone resins and adipic acid will additionally favor the cyclohexylbenzene industry dynamics.
- Increasing preference for solvents
Demand for clear liquid cyclohexylbenzene is set to expand in the industrial sector owing to its surging adoption as a high boiling point solvent. Apart from being effective as a penetrant, the product is widely employed as an organic synthesis intermediate. In fact, liquid crystalline cyclohexylbenzene derivatives have lately garnered immense popularity in display devices given their effective melting temperature ranges. The rising export of these liquid solutions across various parts of the world is another impacting rendering factor for the product demand.
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In addition to these applications, the cyclohexylbenzene market is also likely to be driven by the growing incorporation of the compound in the production of caprolactam, cyclohexanone oxime, and nylon 6. The higher availability of the chemical considering its ease of generation from benzene through the process of hydro and reductive alkylation will add positive impetus to the overall industry development.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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