Vinyl Cyclohexane Market (By Purity: 98%, 99%, 95%, Others; By Application: Medical, Chemical, Construction) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2020 - 2027
The global vinyl cycl
ohexane market is expected to grow at a CAGR of around 4.2% from 2020 to 2027 and projected to reach the market value of around US$ 79.2 Mn by 2027.
The chemical compound vinyl cyclohexane is a clear colorless liquid. International Union of Pure and Applied Chemistry (IUPAC) name for vinyl cyclohexane as ethenylcyclohexane. The molecular weight of vinylcyclohexane is 110.20 and the molecular formula of the chemical is C8H14. Vinyl compound, stands prominent among the numerous organic chemical compound groups, owing to its several advantages for on-site application. Involvement of styrene and acrylic compounds as well as its derivatives is beneficial in preparing fibers for weaving into fabric insulation for floor tile, wire and sheeting, and components of textile finishes and water-based paints. Cyclohexane is known as alicyclic hydrocarbon containing a ring of around 6 carbon atoms. It appears in clear colorless type liquid having petroleum-kind of odor.
Market Drivers
Research and development upsurge the vinyl cyclohexane market globally
The present invention related to polymers and copolymers based on vinyl cyclohexane (VCH) with their configuration and process of manufacturing are utilized best for optical material. The materials are processed into molded bodies by extrusion or injection molding and are best suited as a substrate for optical data storage media that involve compact discs, video discs, and rewritable optical discs. Additionally, the amorphous vinyl cyclohexane polymer has another application in Nuclear Magnetic Resonance (NMR) spectroscopy comprising of syndiotactic polymers (the macromolecule consisting of 100% of racemo diads). Therefore, polymer based vinyl cyclohexane or copolymers based vinyl cyclohexane are best suitable for producing optical data storage media preferably with data storage densities >5, particularly >10 Gbytes, related to a disc of 120mm diameter. The polymer based vinyl cyclohexane is distinguished by high transparency, low birefringence, and high heat deflection temperature. Therefore, it can be used as substrate material for optical data storage media.
Vinyl cyclohexane has gained robust pace in the construction industry
Vinyl cyclohexane has wide range of application and acts as a best medium for roof coating, ceiling tile, converter and player among others. The vinyl cyclohexane roll acts as the best protective roof coating. Using this technique reflects ultraviolet and primarily infrared radiation and reduces damage caused by UV and heat degradation. Moreover, vinyl cyclohexane is best suited for gypsum ceiling tile. It is more appropriate for use in ceilings that require repeated cleaning. It provides the best exposure for cleaning with common disinfecting chemicals. The present intervention provides a polymer or copolymer based on vinyl cyclohexane wherein olefins, acrylic acid derivatives may be used in the production as co-monomers with syndiotactic configuration, characterized in that the quantity of diads is greater than 50.1% and less than 74%. Apart from that, vinyl cyclohexane may be conventionally used in place of or in conjunction with glass up to service temperatures of 1450C. Further applications involve covering or protecting mechanically sensitive systems with high transparency specifically in the photovoltaic field, particularly solar cells or solar collectors. This is highly supported by domestic applications owing to transparent packaging material with low water permeability, household articles produced by extrusion or injection molding, and transparent lampshades.
Vinyl cyclohexanes in medical technologies stimulate the growth of the overall market globally
Vinyl cyclohexane is best suited for application in medical technology for transparent extruded or injection molded articles for sterile and non-sterile analytical vessels, petri dishes, micro filter plates, microscope slides, hoses, breathing tubes, contact lenses, spectacles lenses, and containers of infusion solutions or drug solutions. For instance, vinyl cyclohexanes act as a best medium for medical equipment associated devices. This is attributed to vinyl cyclohexane utilized to design wide range of end products coming in contact with the blood, particularly syringes, cannulas, catheters, short and long-term implants (eg. artificial lenses), flexible tubes for blood, membranes for blood detoxification, dialyzers, oxygenators, transparent plasters, stored blood containers, and suture materials.
Segmental Analysis
The vinyl cyclohexane market is segmented based on purity and application. Based on purity, the global vinyl cyclohexane market is segmented into 98%, 99%, 95%, and others. Furthermore, by applications, the market is segmented as medical, chemical, and construction.
Based on the purity, 98% is anticipated to be the most rapidly expanding segment of the global vinyl cyclohexane market. This is attributed to surge in utility in chemical industry and as a chemical intermediate in various different industries. Additionally, increasing laboratory research will foster segmental growth contributing the overall market growth for vinyl cyclohexane. Apart from that, chemical intermediates will record stupendous growth for the vinyl cyclohexane market globally in the forthcoming years. The chemical is primarily employed as a chemical intermediate in several industrial processes. This is considered as one of the prominent factors contributing the growth of the overall market of vinyl cyclohexane.
Regional Landscape
APAC to hold dominant market share for the global vinyl cyclohexane market
Asia Pacific constitutes a significant market share for the global vinyl cyclohexane market. The stupendous growth of pharmaceutical companies and the chemical sector, specifically India and China drives the market growth regionally. China's chemical industry continues to grow to its fullest and it will surpass all other nations in the forecast period. China's share in global chemical sales has increased from 24% in 2010 to 37% in 2018. This is highly supported due to surging demand domestically. Investments in China’s chemical industry have led by a large consumer base and favorable government policies. Easy availability of low-cost capital and labor, government subsidies, and relaxed environmental regulations has directed the country to serve as a production base for leading global vendors.
On the other hand, Europe is anticipated to record the second largest market followed by Asia-Pacific. This is highly supported to favorable chemical emission policies, collaborations and acquisitions, and launching of new products for bolstering the growth of overall vinyl cyclohexane market regionally. For instance, in November 2020, Cefic announced partnership with the European Union information agency for occupational safety and health’s (EU OSHA) Healthy Workplaces.
Competitive Landscape
Key players involved in the vinyl cyclohexane industry are Merck KGaA, Norquay Technology, Inc., BOC Sciences, AK Scientific Inc., Tokyo Chemical Industry Co., Ltd., Toronto Research Chemicals Inc., Shanghai Meicheng High Technology Co Ltd., and among others.
Market Segmentation
Market By Purity
98%
99%
95%
Others
Market By Application
Medical
Chemical
Construction
Market By Geography
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
What will be the market value of the vinyl cyclohexane market?
Vinyl cyclohexane market is expected to reach a market value of around US$ 79.2 Mn by 2027.
At what CAGR, the vinyl cyclohexane market is expected to grow during the forecast period (2020-2027)?
The vinyl cyclohexane market is expected to grow at a CAGR of around 4.2% from 2020 to 2027.
Which is the leading segment by purity in the vinyl cyclohexane market?
98% purity segment is the leading segment in the overall market.
What are the key drivers of the vinyl cyclohexane market?
Consistent research and development is one of the prominent factors that drive the demand for vinyl cyclohexane market.
Which are the prominent players in the vinyl cyclohexane market?
Merck KGaA, Norquay Technology, Inc., BOC Sciences, AK Scientific Inc., Tokyo Chemical Industry Co., Ltd., Toronto Research Chemicals Inc., Shanghai Meicheng High Technology Co Ltd., and among others.
Which region held the highest market share in the vinyl cyclohexane market?
Asia Pacific is anticipated to grab the highest market share in the regional market
Which region is expected to be the fastest growing market over the forecast period?
Europe is expected to be the fastest growing market in the forthcoming years
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