July 01, 2021
According to the research report titled ‘North America Vinyl Cyclohexane Market Size By Application, By Purity, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026‘, available with Market Study Report, North America vinyl cyclohexane market is projected to accumulate USD 21.5 million over 2020-2026.
Adoption of the product in chemical synthesis and production of derivative chemicals as well as its usage in substituting metal and mineral-based products across various industries like healthcare, packaging, chemicals, and defense applications are catalyzing the growth of the North America vinyl cyclohexane industry.
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Additionally, demand for PVCH (polyvinyl cyclohexane) in automotive sector for reducing vehicle weight, coupled with several governmental initiatives for balancing the economy are also augmenting the market outlook.
For the unversed, vinyl cyclohexane is used for manufacturing PVCH and provides high dielectric properties as well as superior thermal stability to the compound. It is also used as a substrate material, especially for optical data storage media creditable to properties like low birefringence, advanced molding flexibility, and high transparency.
On the other hand, temporary shutdown of manufacturing activities due to Covid-19 pandemic had hampered the industry scenario by nearly 8% in 2020, but will regain traction in the upcoming years as the world gets back to normal.
Speaking of purity, North America vinyl cyclohexane market is classified into 95%, 97% and 98%. In terms of application gamut, the industry outlook is bifurcated into polymer, and chemical. The chemical sector acquired 90% industry share in 2020 and is expected to register a CAGR of 5.3% by 2026, owing to extensive adoption of product as an intermediate aiding multifarious chemical synthesis formulation.
Regionally, the United States is slated to generate significant revenues for the industry over the forecast timeframe, owing to presence of leading product manufacturers in the region, in consort with flourishing chemical sector.
The competitive landscape of North America vinyl cyclohexane industry is defined by companies such as Alfa Aesar, AK Scientific, Beantown Chemical Corporation, BOC Sciences, Fujifilm Holdings Corporation, Matrix Scientific LLC, Norquay Technology Inc., Sigma-Aldrich (Merck KGaA), Santa Cruz Biotechnology Inc., and Tokyo Chemical Industry Co. Ltd. among others.