Global Industrial Cyclohexylamine Market Overview
The Industrial Cyclohexylamine Market Size was estimated at 3.8 (USD Billion) in 2022. The Industrial Cyclohexylamine Industry is expected to grow from 3.92(USD Billion) in 2023 to 5.23 (USD Billion) by 2032. The Industrial Cyclohexylamine Market CAGR (growth rate) is expected to be around 3.25% during the forecast period (2023 - 2032).
Key Industrial Cyclohexylamine Market Trends Highlighted
The industrial cyclohexylamine market exhibits several key trends:Firstly, the rising demand for cyclohexylamine in pharmaceuticals and agrochemicals is driving market growth. Its versatility as a precursor for various compounds, including nylon, pharmaceuticals, and herbicides, is fueling its increasing utilization across these industries.Secondly, the growing adoption of sustainable practices and the shift towards bio-based chemicals present opportunities for the bio-based cyclohexylamine market. This trend is driven by increasing environmental consciousness and regulations favoring sustainable production processes.Moreover, advancements in technology and research are leading to the development of more efficient and cost-effective production methods. This, coupled with the expansion of production capacities in emerging economies, is expected to enhance market growth prospects.
Lastly, the increasing use of cyclohexylamine as a corrosion inhibitor and in water treatment applications is contributing to its market expansion. Its ability to prevent metal corrosion and its effectiveness in removing impurities from water are fostering its adoption in various industrial sectors, including oil and gas, construction, and water treatment facilities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Cyclohexylamine Market Drivers
Growing Demand for Pharmaceuticals and Agrochemicals
One of the strong factors contributing to the expansion of the industrial cyclohexylamine market industry is the increase in the consumption of pharmaceuticals and agrochemicals. This chemical is a versatile intermediate in the production of many drugs, including antibiotics, antihistamines, and antidepressants. Moreover, it is widely used for the synthesis of different pesticides, herbicides, and fungicides. Since the development of the pharmaceutical and agrochemical industries is expected to be fostered by the tendency of population growth and the increasing annual healthcare expenditure, the aforementioned chemical is expected to be in continuous demand.
Expansion of the Automotive Industry
The automotive industry is other major driver boosting the sales of the Industrial Cyclohexylamine Market Industry. The product is valuable as a curing element in the making of epoxy resins. They continue to be used by many manufacturers of automotive components such as body parts, bumpers, and interior items. There is an observable increase in sales of automobiles with great reliance on developing countries.
Rising Adoption of Green and Sustainable Technologies
Another factor propelling the sales of industrial cyclohexylamine is the rising focus on sustainability and environmental conservation by industries. Cyclohexylamine continues to be preferred as a green substitute for various solvents and other chemicals in several industries, including pharmaceutical and personal care industries, as well as cosmetics. The relatively lower levels of toxicity and higher levels of biodegradability make it a favorite of manufacturers trying to lower their environmental fines and protect themselves against the regulatory wrath of the government.
Industrial Cyclohexylamine Market Segment Insights:
Industrial Cyclohexylamine Market Application Insights
The Industrial Cyclohexylamine Market is segmented by Application into Textile Chemicals, Rubber Chemicals, Lubricant Additives, Pharmaceuticals, Corrosion Inhibitors, and Other Applications. The Textile Chemicals segment is expected to be the largest in 2023 and is forecasted to be the fastest growing at a CAGR of 3.5% over the period. This is main because of the increasing demand for cyclohexylamine in the production of synthetic fibers such as nylon and polyester. The Rubber Chemicals segment is expected to be the second largest in 2023 and is forecasted to grow at a CAGR of 3.2% over the period.The reason for this growth is the increasing demand for cyclohexylamine in the production of rubber products such as tires and hoses. The Lubricant Additives segment is expected to be the third largest in 2023, and is forecasted to grow at a CAGR of 3.0% over the period. The reason for this growth is the increasing demand for cyclohexylamine in the production of lubricant additives, such as anti-wear and anti-corrosion additives. The Pharmaceuticals segment is expected to be the fourth largest in 2023 and is forecasted to grow at a CAGR of 2.8% over the period.The reason for this growth is the increasing demand for cyclohexylamine in the production of pharmaceuticals, such as antibiotics and anti-inflammatory drugs. The Corrosion Inhibitors segment is expected to be the fifth largest in 2023, and is forecasted to grow at a CAGR of 2.6% over the period. The reason for this growth is the increasing demand for cyclohexylamine in the production of corrosion inhibitors, such as the ones that are used in the oil and gas industry. The Other Applications segment is expected to be the sixth largest in 2023, and is forecasted to grow at a CAGR 2.4% over the period.The reason for this growth is the increasing demand for cyclohexylamine in a number of other applications, such as the production of dyes and pigments, and in the treatment of wastewater.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Cyclohexylamine Market End-use Industry Insights
The Industrial Cyclohexylamine Market is highly dependent on the end-use industry segment. There are various end-use industries in which Industrial Cyclohexylamine is used. The major end-use industries for the product would be the automotive, aerospace, power generation, pharmaceutical, construction, and other industries. They are explained in detail in the following way: Automotive. The rubber and tire industry uses cyclohexylamine in tire production. The growing demand for lightweight vehicles for fuel efficiency is instrumental in driving the cyclohexylamine market.Moreover, cyclohexylamine is also used for the manufacturing of hoses and gaskets, which would, in turn, drive the cyclohexylamine market. Aerospace. In the aerospace industry, cyclohexylamine is used in the manufacture of lighter and stronger aircraft components such as wings, fuselages, windshields, and landing gear. The high demand for air travel combined with the technological development of aircraft is anticipated to drive the industrial cyclohexylamine market. Power generation. Industrial cyclohexylamine is also used in power plants to treat boiler water and cooling systems.The application function is maintenance against scale and corrosion formation. The demand for electricity is expected to be high in the industrial cyclohexylamine market. Pharmaceuticals. Industrial cyclohexylamine is used in the pharmaceutical industry to produce different pharmaceuticals, such as antibiotics, antihistamines, and analgesics. The growing utilization of drugs is anticipated to drive the cyclohexylamine market. Construction. In the construction industry, industrial cyclohexylamine is utilized as a curing agent and is added to concrete and sometimes to cement.It also helps to increase the strength, durability, and water resistance of the concrete. With rising construction, the cyclohexylamine market is expected to rise. Other industries. Cyclohexylamine is used in textiles, leather, plastics, and other industries as a solvent, emulsifier, corrosion inhibitor, and in the chain termination of polymerizations. To conclude, the end-use industry segment does in fact shape the dynamics of the Industrial Cyclohexylamine Market.
Industrial Cyclohexylamine Market Distribution Channel Insights
The Industrial Cyclohexylamine Market is segmented into various distribution channels, including direct sales, distributors, e-commerce, and other channels. Direct sales involve the sale of Industrial Cyclohexylamine directly from the manufacturer to the end-user. Distributors act as intermediaries between manufacturers and end-users, offering a wider reach and reduced logistics costs. E-commerce platforms provide an online marketplace for manufacturers and end-users to connect, offering convenience and a reach. Other channels include specialized retailers, agents, and brokers who cater to specific customer segments or geographical regions.In 2023, the Industrial Cyclohexylamine Market revenue through direct sales was valued at USD 1.23 billion, while distributors accounted for USD 1.04 billion. E-commerce sales are projected to reach USD 450 million by 2024, indicating a growing preference for online purchasing. Market segmentation provides insights into the competitive landscape, distribution strategies, and customer preferences, helping stakeholders make informed decisions and optimize their market positioning.
Industrial Cyclohexylamine Market Grade Insights
The Industrial Cyclohexylamine Market is segmented by grade into industrial grade, pharmaceutical grade, technical grade, and other Grade. The Industrial Grade segment held the largest market share in 2023, and is expected to continue to dominate the market throughout the forecast period. The growth of this segment can be attributed to the increasing demand for Industrial Cyclohexylamine in various industries, such as oil and gas, mining, and construction. The Pharmaceutical Grade segment is expected to witness significant growth over the forecast period due to the increasing demand for Industrial Cyclohexylamine in the pharmaceutical industry for the production of drugs and medicines.The Technical Grade segment is also expected to grow at a steady pace, owing to the increasing demand for Industrial Cyclohexylamine in the manufacturing of dyes, pigments, and other chemicals. The Other Grades segment is expected to account for a small share of the Industrial Cyclohexylamine Market throughout the forecast period.
Industrial Cyclohexylamine Market Regional Insights
The Industrial Cyclohexylamine Market is segmented into regions like North America, Europe, APAC, South America, and MEA. North America dominates the market with a share of 38.5% in 2023, due to the presence of major end-use industries such as pharmaceuticals, chemicals, and plastics. Europe is the second-largest market, accounting for 32.7% share in 2023, owing to the growing demand from the automotive and construction sectors. APAC is expected to witness significant growth during the forecast period, due to the increasing demand from emerging economies like China and India.South America and MEA are expected to contribute a smaller share to the market but are likely to witness steady growth in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Cyclohexylamine Market Key Players And Competitive Insights:
Leading contenders in the major industrial cyclohexylamine market, such as BASF SE, Evonik Industries AG, and Lanxess AG, are demonstrating continuous investment in research and development activities aimed at product enhancement and improvement of competitive advantages. Major players in the industrial cyclohexylamine market adopt mergers and acquisitions, partnerships, and other agreements that will help them deepen their presence at the scale and ensure a stronger market position. Demand from highly established pharmaceuticals, chemicals, and rubber is one of the main growth points for the industrial cyclohexylamine market. The industrial cyclohexylamine market is expected to be intensely competitive, with key players vying for a larger market share through innovation, capacity expansions, mergers and acquisitions, and strategic alliances.One of the leaders in the industrial cyclohexylamine market, and at the same time, a rival of the case firm, BASF SE, operates within the cyclohexylamine market, leveraging its strong brand image and position. High brand visibility and a strong reputation are the leading contributors to such a strong presence. As a provider of a diversified set of cyclohexylamine types of the highest quality, BASF SE is a major leader in innovations and product developments aimed at broader applications of the substance. BASF SE extensively invests in research and development operations to ensure that the above factors stay in place. The ongoing effort of this industrial player to ensure the cyclohexylamine-related product offering meets broader sustainability requirements is another advantage of BASF SE that is difficult to replicate.
Key Companies in the Industrial Cyclohexylamine Market Include:
-
Lanxess
-
SABIC
-
Xingfeng Chemical
-
Jiangsu Donghai Chemical
-
Jilin Guanghui
-
Toray
-
Idemitsu
-
Shanghai Dongfeng
-
INEOS
-
Dow
-
BASF
-
Jiangsu Haian Petrochemical
-
Jiangsu Zhongneng Chemical
-
Changzhou Yabang Fine Chemical
-
Evonik
Industrial Cyclohexylamine Market Industry Developments
The Industrial Cyclohexylamine Market is expected to reach USD 5.23 billion by 2032, exhibiting a CAGR of 3.25% during the forecast period (2024-2032). The market growth is primarily driven by increasing demand from various end-use industries, including pharmaceuticals, agrochemicals, and rubber processing.Recent developments in the market include the expansion and modernization of production facilities by key players to meet the growing demand. For instance, in 2023, Evonik Industries announced plans to invest EUR 150 million to expand its cyclohexylamine production capacity at its Antwerp site in Belgium.Strategic partnerships and collaborations are also shaping the market landscape. In 2022, BASF and Clariant formed a joint venture to combine their cyclohexylamine businesses, creating a leading supplier.Innovation and technological advancements are also contributing to market growth. For example, the development of new catalysts and processes is enabling the production of cyclohexylamine with improved efficiency and reduced environmental impact.
Industrial Cyclohexylamine Market Segmentation Insights
Industrial Cyclohexylamine Market Application Outlook
-
Textile Chemicals
-
Rubber Chemicals
-
Lubricant Additives
-
Pharmaceuticals
-
Corrosion Inhibitors
-
Other Applications
Industrial Cyclohexylamine Market End-use Industry Outlook
-
Automotive
-
Aerospace
-
Power Generation
-
Pharmaceuticals
-
Construction
-
Other Industries
Industrial Cyclohexylamine Market Distribution Channel Outlook
-
Direct Sales
-
Distributors
-
E-commerce
-
Other Channels
Industrial Cyclohexylamine Market Grade Outlook
-
Industrial Grade
-
Pharmaceutical Grade
-
Technical Grade
-
Other Grades
Industrial Cyclohexylamine Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.8(USD Billion) |
| Market Size 2023 |
3.92(USD Billion) |
| Market Size 2032 |
5.23(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.25% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Lanxess, SABIC, Xingfeng Chemical, Jiangsu Donghai Chemical, Jilin Guanghui, Toray, Idemitsu, Shanghai Dongfeng, INEOS, Dow, BASF, Jiangsu Haian Petrochemical, Jiangsu Zhongneng Chemical, Changzhou Yabang Fine Chemical, Evonik |
| Segments Covered |
Application, End-use Industry, Distribution Channel, Grade, Regional |
| Key Market Opportunities |
1 Increasing demand from the pharmaceutical industry2 Growing use in rubber and plastic manufacturing3 Expanding applications in agrochemicals4 Rising adoption in electronics and semiconductors5 Potential for growth in emerging economies |
| Key Market Dynamics |
Increasing demand from the pharmaceuticals sectorGrowing application in rubber and plastic industriesTechnological advancements in production processesFluctuating raw material pricesEnvironmental concerns over waste disposal |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The industrial cyclohexylamine market is expected to reach a valuation of USD 3.92 billion in 2023 and is projected to grow at a CAGR of 3.25% from 2024 to 2032, reaching USD 5.23 billion by 2032.
North America region is expected to dominate the industrial cyclohexylamine market throughout the forecast period
Industrial cyclohexylamine is primarily used in the production of rubber chemicals, such as accelerators and antioxidants. It is also used in the manufacturing of corrosion inhibitors, lube oil additives, and pharmaceuticals.
Some of the key competitors in the industrial cyclohexylamine market include BASF SE, Lanxess, Evonik Industries, Dow Chemical Company, and Huntsman Corporation.
The growth of the industrial cyclohexylamine market is primarily driven by the increasing demand from the rubber industry, particularly for the production of tires and other rubber products. Additionally, the growing demand for industrial cyclohexylamine in the manufacturing of corrosion inhibitors and lube oil additives is also contributing to the market growth.
The industrial cyclohexylamine market faces challenges such as fluctuations in raw material prices and intense competition from alternative products. Additionally, stringent environmental regulations regarding the production and disposal of industrial cyclohexylamine pose challenges to market growth
Opportunities for the industrial cyclohexylamine market lie in the growing demand from emerging economies, particularly in the Asia-Pacific region. Additionally, the development of new applications for industrial cyclohexylamine, such as in the production of bio-based materials, presents opportunities for market growth.
Key trends in the industrial cyclohexylamine market include the increasing adoption of sustainable production processes and the development of bio-based alternatives to industrial cyclohexylamine. Additionally, the growing demand for high-performance industrial cyclohexylamine products is driving market growth
The COVID-19 pandemic had a moderate impact on the industrial cyclohexylamine market. The initial disruptions in supply chains and production schedules led to a temporary decline in demand. However, the market has since recovered, and the long-term growth prospects remain positive.
The future outlook for the industrial cyclohexylamine market is positive. The growing demand from the rubber industry and the development of new applications are expected to drive market growth over the forecast period. Additionally, the increasing adoption of sustainable production processes and the development of bio-based alternatives are expected to create new opportunities for market growth.
