Industrial Cyclohexylamine Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Industrial Cyclohexylamine Market Size

Industrial Cyclohexylamine Market size is expected to foresee dynamic growth during 2024-2032. The product finds increased usage as a corrosion inhibitor for boiler water treatment plants and low corrosion inhibitor in oil field production where high alkalinity is preferred. It is also employed in rubber industry for manufacturing vulcanization accelerators. Besides, the growing utilization in manufacturing various plasticizers, synthetic chemicals, dry cleaning soaps, acid gas absorbents, emulsifying agents, and insecticides, will stimulate product demand over the decade.
 

Though the widespread product usage in making synthetic sweeteners and industrial water treatment facilities will augment industry growth. However, some other amines, especially morpholine, have emerged as a potential alternative to cyclohexylamine in water boiler treatment and may hamper the market growth through 2032.
 

Industrial Cyclohexylamine Market Trends

One notable trend is advancements in production technologies and processes that enhances the efficiency & scalability of cyclohexylamine manufacturing. Moreover, growing environmental concerns and regulatory pressures are prompting industries to seek eco-friendly alternatives, leading to a rising interest in cyclohexylamine as a sustainable chemical intermediate.
 

The Ukraine-Russia crisis is continuing to increase transportation costs and commodity prices globally. The rising costs of raw materials are prompting enterprises to take quick action by increasing the prices of end products. This, while helping offset their input costs, leads to overall price hikes, thus impacting global industrial production. Besides, the bilateral dependencies, persistent market asymmetries, lack of transparency, and export restrictions caused due to financial and trade sanctions imposed on Russia have further impeded the growth of the manufacturing sector globally, limiting the uptake of industrial cyclohexylamine through 2032.
 

Industrial cyclohexylamine Market Analysis

Aniline hydrogenation reduction method segment is poised to gain traction through 2032, as this method offers a cost-effective and environmentally friendly approach to producing cyclohexylamine. It provides high yields and purity levels, ensuring product quality and consistency. Moreover, the method's flexibility allows for the production of cyclohexylamine in large-scale industrial operations, catering to the growing demand from diverse end-user industries. Furthermore, regulatory pressures and increasing consumer awareness regarding environmental sustainability are driving the adoption of greener manufacturing processes, further driving the segment growth.
 

The medicine application segment will generate notable revenues for industrial cyclohexylamine industry by 2032, owing to its wider usage as a crucial intermediate in the synthesis of various pharmaceuticals, including antibiotics, analgesics, and antidepressants. Its versatile properties make it an essential component in the manufacturing process of these medications, facilitating the synthesis of complex chemical structures and ensuring the efficacy and safety of the final products. As the pharmaceutical sector continues to expand globally, driven by increasing healthcare needs and advancements in medical research, the demand for cyclohexylamine as a key raw material is expected to rise.
 

North America industrial cyclohexylamine industry is primed to witness significant growth over 2024-2032 due to the strong presence of several product manufacturers in the region, coupled with the rising R&D activities. Commendable growth of the chemical & pharmaceutical industries, favored by the disease burden and increasing geriatric base, will bolster the product demand. The boom in shale gas & oil in the U.S. will positively influence the regional market dynamics in the coming years.
 

Industrial Cyclohexylamine Market Share 

The major global market players include:

• Air Product Company (Air Products)
• BASF
• BAYER
• Honshu Chemical (Honshu Chemical Industry)
• Mitsubishi
• Kanto Denka (KANTO DENKA KOGYO CO., LTD.)
• Nippon Chemical (Nippon Chemical Industrial)
• Blackey Company
• Hoechst Celanese (Celanese Corporation)
   

Industrial Cyclohexylamine Industry News

• In August 2023, Bayer, a global enterprise specializing in agriculture and healthcare, collaborated with GenZero, a Temasek-owned investment platform company, Shell Energy India Private Limited, and other experts to develop a robust model showcasing methane emissions reduction in rice cultivation.
   
• In January 2024, Celanese Corporation, a prominent specialty materials and chemical company, commenced operations of a carbon capture and utilization (CCU) project at its Clear Lake facility in Texas. This initiative is integral to the Fairway Methanol joint venture, conducted in collaboration with Japan's Mitsui & Co., and is expected to produce 130,000 metric tonnes of low-carbon methanol annually.
   

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