Global Cyclohexane Dimethanol (CHDM) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cyclohexane Dimethanol (CHDM) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cyclohexane Dimethanol (CHDM) is an organic compound with formula C6H10 (CH2OH)2. It is a reactive diol having a cycloaliphatic structure containing two primary hydroxyl sites. Commercial samples consist of a mixture of cis and trans isomers, as seen for other disubstituted derivatives of cyclohexane. It is commonly used to make saturated and unsaturated polyester resins.

Market Overview:

The latest research study on the global Cyclohexane Dimethanol (CHDM) market finds that the global Cyclohexane Dimethanol (CHDM) market reached a value of USD 1408.15 million in 2022. It’s expected that the market will achieve USD 2233.31 million by 2028, exhibiting a CAGR of 7.99% during the forecast period.

Limitations

As a technical and energy intensive industry, chemicals are dependent on favourable climate change and energy policies.
Furthermore, the chemicals industry is a highly regulated sector to protect the safety of workers, consumer health, and the environment. It is therefore subject to cumulative cost effects more than other sectors.
The EU and USA chemicals industry is energy intensive and under severe competitive pressure. It faces challenges that include increased international competition, rising energy and feedstock prices, pressure to increase resource efficiency, new regulations, and the need for innovation.
The Chemical industry is heavily regulated as regards health, safety and environmental protection, as well as climate change and energy issues. A stable and predictable regulatory environment for the chemicals sector is a key requirement for future competitiveness.

Opportunities

The Chinese chemicals industry has entered a phase of lower but still solid growth, with chemicals demand growth rates still above global average. Moreover, with the rapid growth of electronic industry, automotive, coating industry, and many other downstream market, the demand of CHDM in China will keep rapid growth the forecast years.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Eastman is one of the major players operating in the Cyclohexane Dimethanol (CHDM) market, holding a share of 85.42% in 2017.

Eastman

Eastman manufactures and markets chemicals, fibers and plastics. It provides coatings, adhesives and specialty plastics products, is a major supplier of cellulose acetate fibers, and produces copolyesters for packaging.

SK NJC

SK NJC Co., Ltd., a specialty chemical company, manufactures and sells cyclohexanedimethanol (CHDM) and Dimethyl cyclohexane-dicarboxylate (DMCD). Its CHDM enhances the reactivity in polyester compounds, as well as improves hydrolytic stability, plasticity, gloss, transparency, printability, and processability of polymer in specialty coating, adhesive, unsaturated PET, toner, and polyurethane applications; cosmetics, medical, and specialty PET bottle applications; shrink, condenser, and blister package thick-gauge film sheets; and engineering plastics and polymer blends.

Segmentation Overview:

Among different product types, Cis/Trans Ratio: 50:50 segment is anticipated to contribute the largest market share in 2027.

Application Overview:

The market's largest segment by application is the segment Polyester Materials, with a market share of 81.27% in 2021.

Key Companies in the global Cyclohexane Dimethanol (CHDM) market covered in Chapter 3:

Eastman
SK NJC
Kangheng Chemical
Kellin Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Cyclohexane Dimethanol (CHDM) market from 2018 to 2029 is primarily split into:

Cis/Trans Ratio: 25:75
Cis/Trans Ratio: 35:65
Cis/Trans Ratio: 50:50

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cyclohexane Dimethanol (CHDM) market from 2018 to 2029 covers:

Polyester Materials
Coating Materials
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)