The Europe Cyclohexanone Market would witness market growth of 3.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 479.25 kilo tonnes, showcasing a growth of 0.58% (2019-2022).
The Germany market dominated the Europe Cyclohexanone Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $401.8 million by 2030. The UK market is exhibiting a CAGR of 2.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 2.7% during (2023 - 2030).
Cyclohexanone finds utility in the electronics industry for cleaning, degreasing, and surface treatment applications, where its excellent solvency and low residue properties are highly valued. The growing electronics sector drives demand for cleaning agents and solvents.
Moreover, it is a precursor in producing adipic acid and caprolactam, key intermediates for synthesizing nylon-6,6 and nylon-6, respectively. These nylon polymers are extensively used in the textile, automotive, and industrial sectors, highlighting the integral role of this in the polymer industry.
As per the data from the International Trade Administration, the latest available data (December 2022) show that in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 782,629 vehicles (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. 1,335,487 new cars, 9.5% fewer than in the prior year, were registered in 2022.
Free Valuable Insights: The Global Cyclohexanone Market will Hit USD 10.4 Billion by 2030, at a CAGR of 3.5%
Based on Application, the market is segmented into Caprolactam, Adipic Acid, Solvents and Others.Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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