Europe Cyclohexanone Market Size, Share & Trends Analysis Report By Application (Caprolactam, Adipic Acid, Solvents and Others.), By Country and Growth Forecast, 2023 - 2030
The Europe Cyclohexanone Market would witness market growth of 3.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 479.25 kilo tonnes, showcasing a growth of 0.58% (2019-2022).
The Germany market dominated the Europe Cyclohexanone Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $401.8 million by 2030. The UK market is exhibiting a CAGR of 2.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 2.7% during (2023 - 2030).
Cyclohexanone finds utility in the electronics industry for cleaning, degreasing, and surface treatment applications, where its excellent solvency and low residue properties are highly valued. The growing electronics sector drives demand for cleaning agents and solvents.
Moreover, it is a precursor in producing adipic acid and caprolactam, key intermediates for synthesizing nylon-6,6 and nylon-6, respectively. These nylon polymers are extensively used in the textile, automotive, and industrial sectors, highlighting the integral role of this in the polymer industry.
As per the data from the International Trade Administration, the latest available data (December 2022) show that in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 782,629 vehicles (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. 1,335,487 new cars, 9.5% fewer than in the prior year, were registered in 2022.
Based on Application, the market is segmented into Caprolactam, Adipic Acid, Solvents and Others.Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Sinopec Group (China Petrochemical Corporation)
- BASF SE
- Domo Chemicals GmbH
- BP p.l.c.
- Idemitsu Kosan Co., Ltd.
- Thermo Fisher Scientific, Inc.
- Chevron Phillips Chemical Company LLC
- Koninklijke DSM N.V.
- Asahi Kasei Corporation
- Cepsa (COMPAÑÍA ESPAÑOLA DE PETRÓLEOS, S.A.)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Caprolactam
- Adipic Acid
- Solvents
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Cyclohexanone Market, by Application
- 1.4.2 Europe Cyclohexanone Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Europe Cyclohexanone Market, By Application
- 4.1 Europe Caprolactam Market, By Country
- 4.2 Europe Adipic Acid Market, By Country
- 4.3 Europe Solvents Market, By Country
- 4.4 Europe Others Market, By Country
- Chapter 5. Europe Cyclohexanone Market, By Country
- 5.1 Germany Cyclohexanone Market
- 5.1.1 Germany Cyclohexanone Market, By Application
- 5.2 UK Cyclohexanone Market
- 5.2.1 UK Cyclohexanone Market, By Application
- 5.3 France Cyclohexanone Market
- 5.3.1 France Cyclohexanone Market, By Application
- 5.4 Russia Cyclohexanone Market
- 5.4.1 Russia Cyclohexanone Market, By Application
- 5.5 Spain Cyclohexanone Market
- 5.5.1 Spain Cyclohexanone Market, By Application
- 5.6 Italy Cyclohexanone Market
- 5.6.1 Italy Cyclohexanone Market, By Application
- 5.7 Rest of Europe Cyclohexanone Market
- 5.7.1 Rest of Europe Cyclohexanone Market, By Application
- Chapter 6. Company Profiles
- 6.1 Sinopec Group (China Petrochemical Corporation)
- 6.1.1 Company Overview
- 6.1.2 Financial Analysis
- 6.1.3 Research & Development Expenses
- 6.1.4 SWOT Analysis
- 6.2 BASF SE
- 6.2.1 Company Overview
- 6.2.2 Financial Analysis
- 6.2.3 Segmental and Regional Analysis
- 6.2.4 Research & Development Expense
- 6.2.5 Recent strategies and developments:
- 6.2.5.1 Partnerships, Collaborations, and Agreements:
- 6.2.6 SWOT Analysis
- 6.3 Domo Chemicals GmbH
- 6.3.1 Company Overview
- 6.3.2 SWOT Analysis
- 6.4 BP p.l.c.
- 6.4.1 Company Overview
- 6.4.2 Financial Analysis
- 6.4.3 Segmental and Regional Analysis
- 6.4.4 Research & Development Expenses
- 6.4.5 SWOT Analysis
- 6.5 Idemitsu Kosan Co., Ltd.
- 6.5.1 Company Overview
- 6.5.2 Financial Analysis
- 6.5.3 Segmental and Regional Analysis
- 6.5.4 Research & Development Expenses
- 6.5.5 SWOT Analysis
- 6.6 Thermo Fisher Scientific, Inc.
- 6.6.1 Company Overview
- 6.6.2 Financial Analysis
- 6.6.3 Segmental and Regional Analysis
- 6.6.4 Research & Development Expenses
- 6.6.5 SWOT Analysis
- 6.7 Chevron Phillips Chemical Company LLC
- 6.7.1 Company Overview
- 6.7.2 Financial Analysis
- 6.7.3 SWOT Analysis
- 6.8 Koninklijke DSM N.V.
- 6.8.1 Company Overview
- 6.8.2 Financial Analysis
- 6.8.3 Segmental and Regional Analysis
- 6.8.4 Research & Development Expense
- 6.8.5 SWOT Analysis
- 6.9 Asahi Kasei Corporation
- 6.9.1 Company Overview
- 6.9.2 Financial Analysis
- 6.9.3 Segmental and Regional Analysis
- 6.9.4 Research & Development Expenses
- 6.9.5 SWOT Analysis
- 6.10. Cepsa (COMPAÑÍA ESPAÑOLA DE PETRÓLEOS, S.A.)
- 6.10.1 Company Overview
- 6.10.2 Financial Analysis
- 6.10.3 Segmental and Regional Analysis
- 6.10.4 SWOT Analysis
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