Europe Cyclohexanone Market - Forecast(2023 - 2028)

Report Code: CMR 1155 Report Format: PDF + Excel

Europe Cyclohexanone Market Overview

The Europe Cyclohexanone Market size is forecasted to reach US$1.2 billion by 2027, after growing at a CAGR of 4.5% during the forecast period 2022-2027. Cyclohexanone is an organic compound composed of a six-carbon cyclic molecule with a ketone functional group that is prepared from cyclohexanol by oxidation with chromium trioxide or the oxidant sodium hypochlorite to improve the efficiency of the chemicals. Cyclohexanone is ideal for applications that require a low level of oxygen or peroxide. The key advantages of cyclohexanone include uniform evaporation, low moisture content, low toxicity and ecotoxicity, low volatile organic compounds (VOCs) and good cleaning solvency, these advantages result in higher product durability. The growth of the European cyclohexanone market is primarily driven by the textile industry, as cyclohexanone-based adipic acid is used in the production of nylon-based fabric. However, in 2020, the COVID-19 pandemic restricted the industrial production activities across Europe, which, in turn, created ripples in the growth of the Europe cyclohexanone industry. In 2021, the surge in industrial production activities also accelerated the Europe Cyclohexanone Market growth. Moreover, the surging pharmaceutical production in the European region is expected to fuel the demand for cyclohexanone. As a result, the Europe Cyclohexanone Market size will expand during the projected forecast period of 2022-2027.

Report Coverage 

The "Europe Cyclohexanone Market ReportForecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments in the Europe Cyclohexanone Market. 

By Application: Nylon Intermediates (Adipic Acid and Caprolactam), Dyes, Pesticides, Pharmaceuticals Synthesis, Films, Soaps, Adhesives and Sealants, Rubber, Paints and Coatings, Semiconductors, Display Panels and Others 
By End-Use Industry: Building and Construction (Residential, Commercial, Industrial and Infrastructure), Textile (Coated Textile, Impregnation Textile and Others), Automotive (Passenger Cars (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)), Personal Care, Electronics (Liquid Crystal Display (LCD), Smartphones, Computers and Others), Agriculture, Medical and Healthcare and Others 
By Country: UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe 

Key Takeaways 

  • Italy dominated the Europe Cyclohexanone Market, owing to the textile industry growth in the country. For instance, according to the Italian Fashion Chamber (CNMI), in 2021, the textiles, apparel, accessories, jewelry and beauty products sector reached €82.85 billion (US$97.99 billion), representing a 20.5 percent increase over 2020. 
  • The factors such as European country's government initiatives for residential houses, increasing demand for commercial space and other similar factors are propelling the demand for paints and coatings. This, in turn, is aiding the Europe cyclohexanone industry growth. 
  • Moreover, the surge in agriculture production in Europe to ensure superior food security in the region is fueling the demand for pesticides. As a result, the growth of pesticides will create an opportunity for market growth in Europe in the upcoming years. 
  • Nonetheless, the health hazards associated with cyclohexanone may create a bottleneck for the market growth in Europe during the projected forecast period. 

Figure: Europe Cyclohexanone Market Revenue, 2021-2027 (US$ Billion)

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Europe Cyclohexanone Market Segment Analysis – By Application 

The nylon intermediates segment held the largest Europe Cyclohexanone Market share in 2021 and is forecasted to grow at a CAGR of 3.6% during the forecast period 2022-2027. The cyclohexanone consists of a six-carbon cyclic molecule with a ketone functional group. It has various key properties, including a molecular mass of 98.14 g/mol, a boiling point of 312.1 ° F / 155.6 at 760 mm Hg, a melting point of 3 ° F / -16.1 ° C, a vapor pressure of 101.7 ° F at 10 mm Hg and other properties that contribute to the intermediates' base. Thus, owing to these properties, cyclohexanone is utilized alone or in a mixture in the production of nylon intermediates such as adipic acid and caprolactam. For instance, according to the Fibrant, a leading manufacturer of cyclohexanone, nylon intermediates such as adipic acid and caprolactam have a dominant cyclohexanone market share in Europe. Hence, the increasing use of cyclohexanone in the production of nylon intermediates is propelling the European cyclohexanone market forward. 

Europe Cyclohexanone Market Segment Analysis – By End-Use Industry 

The textile segment held the largest Europe Cyclohexanone Market share in 2021 and is forecasted to grow at a CAGR of 4.7% during the forecast period 2022-2027. Cyclohexanone is employed in the textile industry to ensure superior fabric durability. The advancement of textile manufacturing technology, recent investment in the new facility developments and others are the crucial determinants driving the textile industry growth in Europe. For instance, according to the European Apparel and Textile Confederation (EURATEX), in the year 2019, the textile industry of the European Union was valued at €162 billion (US$181.35 billion), an increase of 2.7% over 2018. Thus, the growth of the textile industry in Europe is fueling the demand for nylon. As a result, the demand for cyclohexanone is surging, which in turn, is driving the Europe Cyclohexanone Market growth.

Europe Cyclohexanone Market Segment Analysis – By Geography 

Italy is the dominating country as it held the largest Europe Cyclohexanone Market share in 2021 up to 30%. Italy's economic growth is being fueled by the expansion of some of its major industrial sectors, including textile, automotive, construction and others. The surge in consumer spending on textile products, increasing government initiatives in the textile industry and other factors are accelerating the growth of the textile industry in Italy. For instance, the Italian Federation of Textiles, Fashion and Accessories, the overall performance of Made-in-Italy textiles in 2021 showed a broadly positive trend when compared to 2020. Furthermore, the Made in Italy textiles market was valued at more than Euro 5.8 billion (US$6.9 billion) in 2021, representing a 9.6 percent increase over 2020. Textiles generated a surplus equal to approximately 13.5 percent of the overall trade balance of the textiles-fashion apparel supply chain, accounting for 11.1 percent of total sales generated by the textiles-fashion apparel supply chain. Therefore, the textile industry growth in Italy is expected to boost the demand for cyclohexanone, which, in turn, will boost the Europe Cyclohexanone Market size in coming years.

Europe Cyclohexanone Market Drivers 

Growth of Pharmaceutical Industry 

Cyclohexanone consisting of ketone and aldehydes property is used as an additive in pharmaceutical intermediates to improve the rate of oxidation to ensure the stability of pharmaceutical medicines. The increasing demand for pharmaceutical medicines for various diseases prevent, government initiatives for the pharmaceutical industry and others are the vital determinants aiding the pharmaceutical industry growth in Europe. For instance, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), in 2020, the total production of pharmaceuticals in Europe was EURO 310,000 million (approximately US$354,080.76 million), an increase of 5.7%. Moreover, in 2019, Switzerland was the leading manufacturer of pharmaceuticals in the European region. In 2018, the pharmaceutical production in Switzerland was EURO 45,885 million (US$54,188.12 million) and in 2019, it was EURO 54,305 million (US$60,793.09 million), an increase of 18.35%. Thus, the growth of the pharmaceutical industry in Europe is fueling the demand for pharmaceutical intermediates. This, in turn, is driving the market growth in Europe. 

Surging Application of Paints and Coatings 

In the paints and coatings industry, cyclohexanone is utilized as an effective solvent to ensure resilience to adverse weather during the curing process. The key factors such as growing demand for repainting and new construction are propelling the growth of the paints and coatings industry. For instance, according to British Coatings Federation (BCF), due to continued strong consumer demand for DIY commodities such as paints and wall coverings, as well as a strong manufacturing and construction industry rebound, the first 5 months of 2021 achieved remarkable sales results in both industrial and decorative coatings in the United Kingdom. Overall, paint and coatings sales in the UK increased by 24% compared to the same period in 2020. Hence, the surging application of paints and coatings in Europe is accelerating the demand for cyclohexanone, which, in turn, is expanding the market growth. 

Europe Cyclohexanone Market Challenges 

Health Concerns Associated with the Use of Cyclohexanone 

Cyclohexanone is a hazardous substance and its use in manufacturing poses health risks and environmental damage. The reason the paints and coatings, pharmaceutical intermediate and others use a cyclohexanone substitute is to avoid the risks associated with cyclohexanone exposure. Cyclohexanone can cause irritation and damage to the respiratory tract, as well as nausea, depression and headaches. Thus, owing to such health problems associated with the use of cyclohexanone, the European organizations have labeled it on the hazard list. For instance, According to the European Union-approved Harmonised Classification and Labelling (CLP00), cyclohexanone is a flammable liquid and vapor that is hazardous to one's health if inhaled. Therefore, such health concerns associated with the use of cyclohexanone may restrict the Europe cyclohexanone industry growth in the upcoming years. 

Europe Cyclohexanone Industry Outlook 

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Europe Cyclohexanone Market. The top companies in Europe Cyclohexanone Market are: 

  1. BASF SE 
  2. Domo Chemicals 
  4. Fibrant 
  5. CEPSA 
  6. NEOCHEMA GmbH & Co. KG 
  7. Lanxess 
  8. Huntsman 
  9. Chevron Phillips Chemical Company LLC 
  10. KuibyshevAzot PJSC 
1. Europe Cyclohexanone Market- Overview
    1.1 Definitions and Scope
2. Europe Cyclohexanone Market- Executive Summary
    2.1 Key Trends by Application
    2.2 Key Trends by End-Use Industry
    2.3 Key Trends by Country
3. Europe Cyclohexanone Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Europe Cyclohexanone Market- Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Europe Cyclohexanone Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Europe Cyclohexanone Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Europe Cyclohexanone Market– Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Europe Cyclohexanone Market-By Application (Market Size –US$ Million/Billion)
    8.1 Nylon Intermediates
        8.1.1 Adipic Acid
        8.1.2 Caprolactam
    8.2 Dyes
    8.3 Pesticides
    8.4 Pharmaceuticals Synthesis
    8.5 Films
    8.6 Soaps 
    8.7 Adhesives and Sealants
    8.8 Rubber
    8.9 Paints and Coatings
    8.10 Semiconductors
    8.11 Display Panels
    8.12 Others
9. Europe Cyclohexanone Market-By End-Use Industry (Market Size -US$ Million/Billion)
    9.1 Building and Construction
        9.1.1 Residential
        9.1.2 Commercial
        9.1.3 Industrial
        9.1.4 Infrastructure
    9.2 Textile
        9.2.1 Coated Textile
        9.2.2 Impregnation Textile
        9.2.3 Others
    9.3 Automotive
        9.3.1 Passenger Cars (PV)
        9.3.2 Light Commercial Vehicles (LCV)
        9.3.3 Heavy Commercial Vehicles (HCV)
    9.4 Personal Care
    9.5 Electronics
        9.5.1 Liquid Crystal Display (LCD)
        9.5.2 Smartphones
        9.5.3 Computers
        9.5.4 Others
    9.6 Agriculture
    9.7 Medical and Healthcare
    9.8 Others
10. Europe Cyclohexanone Market-By Country (Market Size -US$ Million/Billion)
    10.1 UK
    10.2 Germany
    10.3 France
    10.4 Italy
    10.5 Netherlands
    10.6 Spain
    10.7 Russia
    10.8 Belgium
    10.9 Rest of Europe
11. Europe Cyclohexanone Market– Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Europe Cyclohexanone Market–Industry / Segment Competition landscape Premium Premium
    12.1 Company Benchmarking Matrix – Major Companies
    12.2 Market Share by Key Country - Major companies
    12.3 Market Share by Key Application Industry - Major companies
    12.4 Market Share by Key Product Type/Product category- Major companies
13. Europe Cyclohexanone Market– Key Company List by Country Premium Premium
14. Europe Cyclohexanone Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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