Facts and Factors has authored “Methylcyclohexane Market By Purity (>99% and 98%-99%), By Application (Rubber, Coating, Organic Synthesis, Chromatographic Analysis, Others) and By Sales Channel(Direct Sales and Distributors): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. Based on our analysis, the global Methylcyclohexane Market in 2019 is approximately USD 85 Million and is anticipated to reach around USD 107 Million by 2026. The anticipated CAGR for the Methylcyclohexane Market is around 3.5% from 2020 to 2026.
Methylcyclohexane, a saturated hydrocarbon with the molecular formula, is an organic compound that looks like a colorless liquid and has a faint petroleum-like odor. It is formed by the hydrogenation of toluene. Methylcyclohexane is also chemically stable and the key material that is used for Methylcyclohexane is methylbenzene and its reaction with H2 helps in the formation of Methylcyclohexane, and then through the process of washing, drying and distilling helps to get more pure product.
There is a great demand for consumer electronics and automobiles sector across the world which is the prime factor that is driving the Methylcyclohexane market. As rubber and plastic products are extensively used in these two sectors, there is a great demand for Methylcyclohexane too. The growth of the global population and rising disposable income helps to empower in the growth of several other industries, mostly that are related to consumers. Also, several manufacturers that were previously manufacturing solvent based on toluene have shifted their process for solvent manufacturing based on Methylcyclohexane to get the maximum benefits. But some characteristics of Methylcyclohexane make it more hazardous for the environment and also for other living things.
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Methylcyclohexane does not get mixed with the soil but gets mixed easily with the underground water, which is considered to be dangerous for aquatic life creatures. Also, it is considered to be the prime reason for creating petrochemical smog that further creates air pollution. With the growing need for Methylcyclohexane, manufacturers must invest more in combining Methylcyclohexane with some other product and must come up with new solutions that are not hazardous to the environment or any other living thing.
As per the purity analysis, >99% is expected to share the maximum market. As the products that are manufactured using Methylcyclohexane are meant to be durable and must last long providing maximum usage, it is necessary that the product is free from impurities and hence manufacturers prefer using 99% purity volume.
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As per the application analysis, Organic Synthesis is expected to share the maximum share as it is widely used in products such as fuel, pesticides, all sorts of high technology materials that are used in televisions, computers, etc. which are generally the daily used products by the people. As per the sales channel analysis, direct sales are expected to share the maximum market as many manufacturers prefer to contact the customer directly and sell their products. This also helps the manufacturer to explain to customers about their product and its benefits.
As per the regional analysis, the Asia Pacific region is expected to dominate the market as there is a rapid growth in the demand for consumer goods, automobiles and adhesives within the population of the countries in this region. As the governments of the countries of this region have undertaken several initiatives in economic development, there is rapid infrastructural and industrial development going in these countries, which has, in turn, increased the industrial usage of Methylcyclohexane. Also, the rising population and their increasing disposable income in these emerging economies have led to the high usage of Methylcyclohexane.
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The key players in the global Methylcyclohexane Market are as follows :
- ·Chevron Philips Chemical
- ·Jubang Chemical
- ·Dechang Chemical
- ·Changde Chemical
- ·Maruzen Petrochemical
- ·Jiangsu Yangnong Chemical Group
- ·Maruzen Petrochemical
- ·Baling Huaxing
This report segments the Global Methylcyclohexane Market as follows:
Global Methylcyclohexane Market: By Type Segment Analysis
Global Methylcyclohexane Market: By Application Segment Analysis
- Organic Synthesis
- Chromatographic Analysis
Global Methylcyclohexane Market: By Key Sales Segment Analysis
- Direct Sales
Global Methylcyclohexane Market: Regional Segment Analysis
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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