According to the latest study conducted by Future Market Insights (FMI), the demand for 1,4-Dicyclohexylbenzene Market is projected to increase notably across various industries such as chemicals, paints and coatings, as well as electrical and electronics. FMI’s research report anticipates a steady growth rate of 3.7% for the 1,4-Dicyclohexylbenzene Market during the forecast period spanning from 2021 to 2031.
The expansion in automobile sales is poised to be a significant driver behind the escalating demand for 1,4-Dicyclohexylbenzene. This compound finds extensive utility as a solvent in the formulation of paints and plastic materials employed in the automotive sector. The automotive industry’s reliance on 1,4-Dicyclohexylbenzene stems from its ability to effectively dissolve and blend components used in the production of paints and plastics, contributing to the overall quality and durability of these materials.
1,4-Dicyclohexylbenzene is an organic compound belonging to the family of cycloalkyl benzenes. It is also known as 1,4-Di(cyclohexyl)benzene or DCB. This colorless solid is widely used as a heat transfer fluid, solvent, and as a key intermediate in the synthesis of various organic compounds. Its unique properties and versatile applications have led to a steady growth in the 1,4-Dicyclohexylbenzene market in recent years.
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In addition to this, the increasing demand from the electrical and electronics sector, to meet intensive specifications and requirements of consumer electronics and other devices is expected to create significant growth opportunities. These factors will prove crucial for consistent growth of the global 1,4-Dicyclohexylbenzene market.
Key Takeaways from 1,4-Dicyclohexylbenzene Market Study
- China has emerged as a leading consumer of 1,4 – Dicyclohexylbenzene owing to strong presence of chemical, automobiles, and electrical and Electronics industries in the country.
- The chemical industry is the largest consumer of 1,4-Dicyclohexylbenzene, exhibiting increasing application in the production of diverse chemicals.
- South Korea and Japan also will emerge as lucrative markets with East Asia. Globally, these countries are expected to account for 9.4% of 1,4-Dicyclohexylbenzene sales in 2021.
- Sales in the U.S. will consistently rise, accounting for 85.9% of demand in North America in 2021.
“Increasing application in chemical production will drive the 1,4-Dicyclohexylbenzene market. In order to capitalize on existing opportunities, market players are expected to enter into partnership agreements with regional players,” said an analyst at FMI.
1,4-Dicyclohexylbenzene Market: Participant Insights
Key manufacturers in the 1,4-Dicyclohexylbenzene market
- Schultz Canada Chemicals Ltd.
- Biosynth Carbosynth
- Henan Tianfu Chemicals Co. Ltd.
- Changsha Easchem Co., Ltd.
- Hefei TNJ Chemical Co. Ltd.
- Jiangsu Zhongneng Chemical Technology Co., Ltd.
- Tokyo Chemical Industry Ltd.
- Syntechem Co. Ltd.
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1,4-Dicyclohexylbenzene Market by Category
By Product Type:
- Below 99%
- Above 99%
By Application:
- Adhesives
- Paints & Coatings
- Electrical & Electronics
- Chemical Intermediate
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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