Selbyville, Delaware, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Based on Global Market Insights Inc., the global Vinyl Cyclohexane Market size was estimated at $54.4 million in 2020 and is slated to surpass $78.3 million by 2027, registering a CAGR of 5.2% from 2021 to 2027. The report provides a comprehensive analysis of the top winning strategies, wavering industry trends, drivers & opportunities, top investment avenues, competitive scenarios, market estimations & size.
The market will witness a moderate growth owing to rising applications in end-user industries. However, product demand is volatile and currently largely depends on research activities carried out in research laboratories of various institutions around the world. Furthermore, the product’s hazardous characteristics will also create a challenge for market participants.
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Vinyl cyclohexane is used majorly in the chemical industry for research & development and the production of derivative chemicals. The product is used in laboratory research applications and polymer & copolymer production. Rising research on new types of polymers and co-polymers will propel market growth. The polymer industry has witnessed a steady growth over the years due to the continuing trend of replacing metals with polymers. Furthermore, the increasing demand for polymers in optics will support market growth in the coming years.
The great prospect of polymers industry has created a good opportunity for products with 97% purity. Product is being researched by polymer manufactures to develop new polymers and co-polymers. 97% purity product held around 25% demand share in 2020.
Promising growth in the chemical industry will increase the market opportunities for industry participants. Increasing research activities in the chemical sector will fuel product demand. The chemical application segment held the largest demand share, accounting for around 90% of the total demand in 2020.
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North America is a mature market with the presence of a large number of product manufacturers and established end-user industries. The region also has strong research culture driven by increasing R&D expenditure and government incentives. Product demand will increase due to growing end-user industries in the region. The region’s product demand will grow with more than 5% CAGR during the projected timeframe.
The market is moderately fragmented with the presence of multinational chemical firms. Industry participants follow an integrated business model or specialties business model or both. Some players involved in the vinyl cyclohexane industry follow both the business models to gain a competitive edge over other players. Sigma Aldrich, BOCSCI, Inc., and Tokyo Chemical Industry Co., Ltd. have both custom synthesis programs with an integrated supply chain.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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