Cyclohexane Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
During the time frame of the forecast, the global cyclohexane market is expected to register a CAGR of over 3.5%.
The market was negatively impacted by COVID-19 in 2020. During the pandemic scenario, automotive manufacturing and construction activities were temporarily stopped during the lockdown to curb the spread of the COVID-19 virus. The lockdown decreased the demand for cyclohexane and its derivatives, such as nylon 6 and nylon 6-based products, including passenger safety belts, ropes, hoses, plastic auto parts, and carpeting fabric.
Key HighlightsThe cyclohexane market is fragmented by nature. Some of the key players include Merck KGaA, BASF SE, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, and Cepsa, among others.
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