The Cyclohexylbenzene Market is expected to grow at > 4.0% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Cyclohexylbenzene Market
Cyclohexylbenzene Market is likely to witness an impressive CAGR of 4.0% during the forecast period. Rapid growth in electronics industry, growing construction industry, and increasing demand for electric vehicles globally are some of the major factors positively influencing the growth of the market during the forecast period.
Asia-Pacific is estimated to be the leading region of the market on account of growing construction industry in the region, with China and India being the major countries with lucrative growth opportunities during the forecast period. Factors such as cyclohexylbenzene being widely used for the manufacturing of phenol and Asia-Pacific being the largest phenol derivatives market is further expected to fuel the product demand in the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Cyclohexylbenzene Market Share: By Type
Based on the type, the market is segmented as electronic grade and industry grade. The industry grade is estimated to witness significant growth rate in the market on account of rising industrialization and various government policies favoring industrialization across the world, such as tax incentives for R&D investments and duty rationalization for improved infrastructure during the forecast period.
Cyclohexylbenzene Market Share: By Application Type
Based on the application type, the market is segmented as intermediate, solvent, and others. Solvent application type is estimated to account for the major share of the market owing to its wide utilization in painting, plastics, and adhesives. Growing automotive industry is fueling the demand for cyclohexylbenzene as a solvent in paint and plastic products used in automobile industry across the globe during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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