Global Cyclohexylamine Market Report and Forecast 2024-2032

Global Cyclohexylamine Market Outlook

The global cyclohexylamine market is being aided by the rising boiler water treatment market, which attained USD 3.84 billion in 2023. The global boiler water treatment market is expected to grow at a CAGR of 5.3% in the forecast period of 2024-2032 to reach a value of approximately USD 6.10 billion by 2032.

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Increasing Demand for Corrosion Inhibitors to Bolster the Growth of the Cyclohexylamine Industry

On the basis of application, the corrosion inhibitor segment is likely to propel the market growth owing to the rising demand for environment-friendly corrosion inhibitors, which ensure sustainable development. Meanwhile, as rubber processing generates a large amount of wastewater, the application of cyclohexylamine in both rubber processing and wastewater treatment is further expected to accelerate the market in the forecast period. The artificial sweetener segment also accounts for a significant share in the market, owing to the rising demand from the food and beverage industry.

The Asia Pacific accounts for a significant share in the market. This can be attributed to the significantly growing rubber chemicals and corrosion inhibitor industries in the region. China is one of the leading the regional markets for cyclohexylamine in the Asia Pacific in terms of production and consumption. Meanwhile, Europe too accounts for a healthy share in the market, owing to the rising wastewater concerns and regulations in the region.

Cyclohexylamine: Market Segmentation

Cyclohexylamine is a colourless liquid that is flammable and has a pungent odour. It is used in organic synthesis and to prevent corrosion in boilers. With a boiling point of 134.5 degrees Celsius, the product is soluble in water and can be mixed and dissolved with ethanol, ether, acetone, ethyl acetate, chloroform, heptane, benzene, and other common organic solvents.

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On the basis of application, the market can be segmented into:

• Artificial Sweeteners
• Corrosion Inhibitors
• Rubber Chemicals
• Water Treatment Industry
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Popularity of Artificial Sweeteners to Boost the Growth of the Cyclohexylamine Industry

The growing popularity of soft drinks, powdered drinks, baked goods, candies, ice creams, among others, is propelling the demand for artificial sweeteners, which are often used in both organised and unorganised food and beverage sector. This factor has positively influenced the growth of the global cyclohexylamine industry. The growing issues of wastewater caused due to the improper dumping of garbage and industrial waste have further augmented the demand for the product. The market is further aided by the growth of rubber chemicals used for the manufacturing of rubber, owing to the rising building and construction sector.

Key Industry Players in the Global Cyclohexylamine Market

The report gives a detailed analysis of the following key players in the global cyclohexylamine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• LANXESS 
• San Fu Chemical Co., Ltd.
• Nanjing Datang Chemical Co., Ltd
• Kanto Denka Kogyo Co., Ltd.
• Golden Time Chemical (Jiangsu) Co., Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report