Global Cyclohexanone Strategic Business Report 2023: Nylon Fabric Demand from Textile Industry Augments Revenue Growth

The global market for cyclohexanone, which was previously estimated to be worth US$7 billion in 2022, is expected to grow at a CAGR of 3.9% from 2022 to 2030 to reach a revised size of US$9.5 billion.

By the end of the analysis period, caprolactam, one of the segments examined in the report, is anticipated to grow at a 3.7% CAGR and reach US$6.3 billion.

The growth of the adipic acid segment is readjusted to a revised 4.1% CAGR for the following eight years in order to account for the ongoing post-pandemic recovery.

The U.S. Market is Estimated at $481.3 Million, While China is Forecast to Grow at 4.6% CAGR

The United States market for cyclohexanone is estimated at US$481.3 Million in the year 2022. China, the world’s second-largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2022 to 2030.

Japan and Canada are two additional notable geographic markets, with growth rates of 2.3% and 3%, respectively, expected between 2022 and 2030. Germany is anticipated to expand within Europe at a CAGR of roughly 3%. By 2030, it is anticipated that the Asia-Pacific market will reach US$2.7 billion, driven by nations like Australia, India, and South Korea.

Reference: https://www.prnewswire.com/