Methylcyclohexane Market to Witness Robust Expansion by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Methylcyclohexane market.

Methylcyclohexane is an organic compound with the molecular formula is CH3C6H11. Classified as saturated hydrocarbon, it is a colourless liquid with a faint odor. Methylcyclohexane is used in a rubber, coating, organic synthesis, chromatographic analysis, etc.

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Global Methylcyclohexane Market: Forecast by Type / Application / Region

The key raw material is methylbenzene and thus the fluctuation of the methylbenzene market would lead to the change of the methylcyclohexane price. The process is relatively easy, methylbenzene reacts with H2 to make methylcyclohexane, then through washing, drying and distilling to get more pure product.

The demand of the methylcyclohexane is relatively small, the main application is in the rubber, coating, organic synthesis, chromatographic analysis and others. Because there are some substitutions which can total replace it and the profit is not high, the production in the world is limited and even some companies begin to stop producing it.

In the world the production is mainly concentrated in Asia, especially in China and South Korea. In 2016 China and South Korea take 46.61% and 34.35% of the global production, compared to 4.29% and 11.53% in USA and Europe. At the same time, China and South Korea are also the main consumption countries in the world, the total share of China and South Korea reaches to about 60%. This can indicate that export is small and most products are consumed in manufacturing countries themselves.

Over the next five years, LPI(LP Information) projects that Methylcyclohexane will register a 1.7% CAGR in terms of revenue, reach US$ 83 million by 2023, from US$ 75 million in 2017.

Global Methylcyclohexane Market: Key Players
Chevron Philips Chemcal
Total
Huntsman
SANKYO CHEMICAL
Maruzen Petrochemical
SK
TASCO
Jiangsu Yangnong
Changde Chemical

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Related Information:
United States Methylcyclohexane Market Research Report 2018
Europe Methylcyclohexane Market Research Report 2018
North America Methylcyclohexane Market Research Report 2018
Asia-Pacific Methylcyclohexane Market Research Report 2018
China Methylcyclohexane Market Research Report 2018
EMEA Methylcyclohexane Market Research Report 2018
Global Methylcyclohexane Market Research Report 2018

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