Cyclohexylbenzene Market Report 2025

The cyclohexylbenzene market size has grown steadily in recent years. It will grow from $2.67 billion in 2024 to $2.78 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to raw material availability, regulatory environment, competitive landscape, consumer preferences, trade policies.

The cyclohexylbenzene market size is expected to see strong growth in the next few years. It will grow to $3.53 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to market expansion, environmental regulations, emerging market trends, global economic outlook, political stability. Major trends in the forecast period include technological advancements, global trade dynamics, market consolidation, technological adoption in end-use industries, R&D investments.

The cyclohexylbenzene market is anticipated to experience growth, propelled by the expanding electronics industry. The electronics sector plays a pivotal role in fostering economic growth, job creation, and advancements in various sectors. Cyclohexylbenzene's significance as an anti-overcharge additive in electric and electronic LCDs positions it as a crucial component for the electronic industry. A report from the Ministry of Electronics & IT in January 2022 outlined projections for India's electronics manufacturing sector, aiming to transform from a $75 billion hub to a $300 billion manufacturing powerhouse. This growth encompasses various electronic products, such as mobile phones, IT hardware, consumer electronics, industrial electronics, auto electronics, electronic components, and more. Consequently, the surge in electronics manufacturing and demand will drive the cyclohexylbenzene market.

The growing adoption of electric vehicles is anticipated to drive the growth of the cyclohexylbenzene market in the future. Cyclohexylbenzene serves as an electrolyte additive for overcharge protection in lithium-ion batteries (LIBs). The rising demand for safer and more efficient battery technologies in electric vehicles fuels the need for electrolyte additives such as cyclohexylbenzene, which improves the safety and performance of LIBs. For example, in July 2023, the International Energy Agency, a France-based intergovernmental organization, reported that electric vehicle sales reached 10 million in 2022 and are projected to rise to 14 million in 2023. Therefore, the increasing adoption of electric vehicles is propelling the growth of the cyclohexylbenzene market.

Major companies in the cyclohexylbenzene market are developing new products, such as bromo benzene, to gain a competitive advantage in the industry. Bromo benzene is a chemical compound with the molecular formula C6H5Br, derived from benzene petrochemical, and it possesses both hepatotoxic and nephrotoxic properties. For example, in September 2022, Chemcon Speciality Chemicals Limited, an India-based chemical manufacturing company that offers cyclohexylbenzene, launched bromo benzene. Bromo benzene is a clear, colorless, or pale yellow liquid used in various applications, including as a Grignard reagent, solvent, and chemical intermediate. It is structurally similar to benzene, with one hydrogen atom replaced by a bromine molecule.

Major players in the cyclohexylbenzene market are strategically incorporating Industry 4 solutions to enhance their competitive edge. Industry 4 represents the fourth industrial revolution, marked by the integration of smart technologies such as the Internet of Things (IoT), big data, artificial intelligence (AI), and robotics into manufacturing processes. This integration aims to create efficient, data-driven, and interconnected smart factories. As an example, in May 2022, BASF SE, a leading German chemicals company, successfully implemented its Industry 4 solution, StyroSim, at SP Chemicals' styrene plant in China. This implementation marked the first domestic styrene plant to adopt such advanced technology. StyroSim utilizes big data analysis, process modeling, and automated data transfer to optimize styrene catalyst productivity. The solution ensures enhanced data timeliness, enabling real-time monitoring of catalyst performance through encrypted operation data sent to BASF servers. SP Chemicals, a long-time user of BASF's styrene catalysts, reported improved operational accuracy and efficiency after adopting StyroSim.

In March 2022, MYKITA GmbH, a Germany-based eyewear design manufacturer, entered into a partnership with Eastman Chemical Company. This collaboration aims for MYKITA GmbH to replace 100% of its acetate supply with the sustainable alternative Acetate Renew, which maintains the same properties as traditional acetate without compromising on quality. The process involves converting hard-to-recycle waste into its original molecules through Carbon Renewal Technology (CRT). Eastman Chemical Company is a US-based company in the chemical industry that provides cyclohexylbenzene.

Major companies operating in the cyclohexylbenzene market are Thermo Fisher Scientific Inc., The Merck Group, TCI Chemicals Co. Ltd., Santa Cruz Biotechnology Inc., 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 Industreies Inc., Anshika Polysurf Limited, Eastman Chemical Company, Samsung Group, BASF SE, MITSUBISHI Corporation, Jintan Jinnuo Chemical Co. Ltd., Anhui Fulltime Specialzed Solvents & Reagents Co.Ltd., Jiaxing Buyun Fuxin Chemical Factory, CEC Limited core competency, 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 2024. 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, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cyclohexylbenzene is a bicyclic hydrocarbon resulting from the direct linkage of a cyclohexane and benzene ring. Its production involves heating with hydrogen in the presence of a catalyst, leading to partial hydrogenation, and subsequent alkylation to yield cyclohexylbenzene. This compound plays a crucial role as an electrolyte additive in lithium-ion batteries, enhancing battery safety. Moreover, it finds applications in drug manufacturing and various chemical compounds.

Cyclohexylbenzene is available in two main types such as standard and high purity. Standard cyclohexylbenzene, with a purity level of 97% and above, is employed as a penetrant in plastics, painting, and adhesives. Its applications span across various industries, including plastics, paints and coatings, adhesives, electrical and electronic equipment, and chemical production.

The cyclohexylbenzene market research report is one of a series of new reports that provides cyclohexylbenzene market statistics, including cyclohexylbenzene industry global market size, regional shares, competitors with a cyclohexylbenzene market share, detailed cyclohexylbenzene market segments, market trends and opportunities, and any further data you may need to thrive in the cyclohexylbenzene industry. This cyclohexylbenzene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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