Scienza e Tecnologia
Sales of Cyclohexylbenzene to Gain Traction at 4% CAGR as Adoption within Paints & Coatings Increases: Future Market Insights
Application of cyclohexylbenzene in paints & coatings, electric & electronic, and chemical industry is expected to spur the growth. It also is used in the production of phenol and being the key ingredient in production of epoxy resins, adoption is expected to spur.
Alongside this, growing electric vehicle sales are creating lucrative opportunities for manufacturers. As cyclohexylbenzene is used as an additive for lithium-ion battery electrolytes, their adoption is expected to increase with the rise in electric vehicle sales.
Increasing research & development activities are encouraging commercialization of application of cyclohexylbenzene to replace isopropyl benzene. This will widen growth opportunities for market players.
Growing demand for high boiling solvents has further pushed the adoption of cyclohexylbenzene within paints and coatings industry, This, in turn, is expected to increase the sales over the coming years.
However, stringent regulations implemented by governments on the production and application of cyclohexylbenzene due to the hazardous impact on environment might be a restraint growth to an extent.
" says the Future Market Insights analyst.
https://www.futuremarketinsights.com/ask-question/rep-gb-13610
Key players in this market are adopting strategies such as strategic mergers and acquisitions to expand their customer base and maintain a strong foothold in the industry.
Market players are investing heavily in the research and development activities to commercialize the application of cyclohexylbenzene replacing isopropyl benzene.
Thermo Fisher announced the acquisition of Alfa Aesar, a global manufacturers of research chemicals, to expand its consumer base and increase its global foothold
Some of the leading players operating in the cyclohexylbenzene market profiled by Future Market Insights are:
FMI, in its new report, offers an unbiased analysis of the global cyclohexylbenzene market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in cyclohexylbenzene market with detailed segmentation:
https://www.futuremarketinsights.com/customization-available/rep-gb-13610
Hydroxyapatite market: Future Market Insights gives a detailed segmentation on the global hydroxyapatite market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
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