Cyclohexylbenzene Market Report 2026

The cyclohexylbenzene market size has grown strongly in recent years. It will grow from $2.74 billion in 2025 to $2.9 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to expansion of chemical manufacturing activities, growth of lcd and electronics production, increasing demand for specialty hydrocarbons, rising use in industrial chemical synthesis, availability of catalytic processing technologies.

The cyclohexylbenzene market size is expected to see strong growth in the next few years. It will grow to $3.61 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing investments in battery technology, rising demand for advanced electronic materials, expansion of specialty chemical production, growing focus on high-purity chemical applications, increasing adoption in pharmaceutical manufacturing. Major trends in the forecast period include increasing use as lithium-ion battery electrolyte additives, rising demand from electronics and display manufacturing, growing application in chemical intermediates production, expansion of high-purity chemical usage, enhanced focus on process safety and performance.

The rising growth in the electronics industry is expected to propel the cyclohexylbenzene market. The electronics sector contributes to economic growth, job creation, and development in other industries. Cyclohexylbenzene is used as an anti-overcharge additive in electric and electronic LCDs, making it a critical component for the electronics industry. For instance, in 2023, according to the United States International Trade Commission (USITC), a US-based government agency, the total value of U.S. exports of electronic products increased from $303 billion in 2022 to $306.2 billion in 2023. Therefore, the rising manufacturing and demand for electronics is driving the cyclohexylbenzene market.

The increasing adoption of electric vehicles is expected to further boost the cyclohexylbenzene market. Cyclohexylbenzene functions as an electrolyte additive for overcharge protection in lithium-ion batteries (LIBs). The growing demand for safer and more efficient battery technologies in electric vehicles increases the need for additives like cyclohexylbenzene, which enhances the safety and performance of LIBs. For instance, in July 2023, according to the International Energy Agency, a France-based intergovernmental organization, sales of electric vehicles rose from 10 million in 2022 to an estimated 14 million in 2023. Therefore, the rising adoption of electric vehicles is driving cyclohexylbenzene demand.

Expansion in the pharmaceutical industry is also expected to propel the cyclohexylbenzene market. Pharmaceuticals include products, compounds, or substances used in the diagnosis, treatment, or prevention of diseases. Cyclohexylbenzene serves as a key chemical intermediate in pharmaceutical manufacturing, enabling the synthesis of active ingredients and other essential compounds. For instance, in October 2025, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based organization, European pharmaceutical production increased from €405.7 billion in 2023 to €440 billion in 2024. Therefore, the growth of the pharmaceutical sector is contributing to the cyclohexylbenzene market expansion.

Major companies operating in the cyclohexylbenzene market are Thermo Fisher Scientific Inc., The Merck Group, TCI Chemicals Co. Ltd., Alfa Chemical Co. Ltd., Schultz Chemicals Limited, Biosynth International Inc., Henan Tianfu Chemicals Company Limited, Syntechem Company Limited, Amadis Chemical Company Limited, Hangzhou Hairui Chemical Ltd., Oakwood Products Inc., Dynovac Industries Inc., Anshika Polysurf Limited, Eastman Chemical Company, BASF SE, MITSUBISHI Corporation, Jintan Jinnuo Chemical Co. Ltd., Anhui Fulltime Specialized Solvents & Reagents Co. Ltd., Jiaxing Buyun Fuxin Chemical Factory, CEC Limited, Nanjing Qisheng Chemical Industry Co. Ltd., Changsha Easchem Co. Ltd., Hefei TNJ Chemical Co. Ltd., Zhejiang Weihua Chemical Co. Ltd., Dayangchem Co. Ltd., Haihang Industry Co. Ltd., Jinan Haohua Industry Co. Ltd., Shanghai Hanhong Chemical Co. Ltd.

Asia-Pacific was the largest region in the cyclohexylbenzene market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cyclohexylbenzene market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cyclohexylbenzene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cyclohexylbenzene market consists of sales of electronic-grade and industry grade cyclohexylbenzene. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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