Vinyl Cyclohexane Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Vinyl Cyclohexane Market is Segmented By Purity (98%,  99%, Others), By Application(Chemical Industry, Polymers, Healthcare, Construction, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Vinyl Cyclohexane Market Overview

The Global Vinyl Cyclohexane Market is Expected to reach at a CAGR of 5.2% during the forecast period 2023-2030. Vinyl cyclohexane is an organic chemical derived from crude oil and other similar natural resources and could be manufactured in a laboratory by Diels-Alder dimerization reaction of 1,3-butadiene. The respective reaction takes place in high temperature and pressure conditions in the presence of a catalyst composed of copper salt and silicon carbide. The respective product is extremely useful in polymer industries as a raw material for manufacturing several chemicals, polymers and monomers such as 2-cyclohexyl propanal and 1-vinyl cyclohexane. Physically vinyl cyclohexane is colorless and is insoluble in water. However, vinyl cyclohexane is considered a Group 2B carcinogen by the Global Agency for Research on Cancer (IARC). The product's pricing comes within the range of US$ 65-68 per 5g, according to Sigma-Aldrich, a leading manufacturer of the chemical.

Vinyl Cyclohexane Market Scope and Summary

Vinyl Cyclohexane Market Dynamics and Trends

The application of vinyl cyclohexane in the construction and medical industries tends to propel the market demand as well as sales for vinyl cyclohexane. However, the health concerns associated with the respective chemical tend to act as a major market restraint.

Applications in construction and medical industries

Two major industries that utilize vinyl cyclohexane are construction and healthcare. In hospitals, vinyl cyclohexane is used to manufacture transparent, molded and non-sterile products such as analytical microfilter plates, microscope slides, hoses, breathing tubes, vessels, petri-dishes and others, along with sterile medical equipment and gadgets such as syringes, flexible blood tubes, blood detoxification membranes, dialyzers, oxygenators, cannulas, catheters, among others. As a result, the extensive growth in the healthcare sector tends to boost the demand for vinyl cyclohexane.

Additionally, vinyl cyclohexane is an excellent roof coating in the construction market and could manufacture ceiling tiles and converters. The ceiling tiles and coatings manufactured utilizing the respective chemical are capable of reflecting ultraviolet and infrared radiation, thereby reducing UV and heat-related damage to the ceiling. Furthermore, vinyl cyclohexane coatings also find application combined with gypsum ceiling tile to maximize the anti-weathering properties of ceilings. Since the construction market is rapidly developing in terms of revenue and new projects, a hike has been witnessed in the application of vinyl cyclohexane in the respective market due to the aforementioned parameters. Since the market prospects of vinyl cyclohexane are witnessing growth due to the chemical’s increased use in the healthcare and construction market, the respective factor could be recognized as a major market driver.

Widespread Research and Development

The current invention relates to vinyl cyclohexane (VCH)-based polymers and copolymers and their design and production technique, best suited for optical materials. The materials are ideally suited as a substrate for optical data storage media such as compact discs, video discs and rewritable optical discs and are produced into molded bodies by extrusion or injection molding. In addition, the amorphous vinyl cyclohexane polymer has a syndiotactic polymer use in Nuclear Magnetic Resonance (NMR) spectroscopy. As a result, polymer-based vinyl cyclohexane or copolymers-based vinyl cyclohexane are ideally suited for manufacturing optical data storage media with data storage densities greater than 5, notably greater than 10 Gbytes when compared to a 120mm diameter disc.

These research and developments associated with vinyl cyclohexane would extend the demand and consumption of vinyl cyclohexane, driving global vinyl cyclohexane market prospects.

Environmental as well as personal safety hazards of vinyl cyclohexane

Despite its extensive industrial applications, vinyl cyclohexane is a toxic substance that is potentially carcinogenic. Various regulatory authorities, such as the ECHA and the Globally Harmonized System of Classification and Labeling of Chemicals, have classed vinyl cyclohexane as a hazardous compound (GHS). Further, logistics and distribution activities are challenging to manage because of the product's flammability.

For instance, as per European Chemicals Agency (ECHA), vinyl cyclohexane can be fatal if swallowed and enters the airways, causing severe skin burns and eye damage. It is also highly toxic to aquatic animals with long-term effects, is a highly flammable liquid and vapor and causes serious eye damage.

In short, the potential threat to humans and environment during production as well as the transit could potentially downgrade the overall market potential of global vinyl cyclohexane market.

COVID-19 Impact Analysis on Vinyl Cyclohexane Market

The pandemic COVID-19, like any other chemical market, has a negative impact on the global vinyl cyclohexane market during its initial waves. The following are the three key reasons for the experienced shrinking of the relevant market:

• Because the industrial-scale synthesis of vinyl cyclohexane necessitates massive machinery, large-scale industrial reagents and highly skilled individuals, the production process was severely hampered during the pandemic due to industry lockdowns and the requirement for social distance.
• Supply chain interruptions and supply-demand dynamics - The availability of raw materials required to create vinyl cyclohexane, as well as the supply of completed products, were significantly hampered as a result of the global lockdown imposed by the COVID-19 pandemic. As a result, the vinyl cyclohexane market's demand-supply dynamics were severely impacted.
• A major factor is the scarcity of raw materials. At every level of the value chain, the COVID-19 outbreak has significantly impacted the chemical sector. Product demand fell due to the global economy's and capital markets uncertainty. Value chain disruptions are likely to continue in the foreseeable future because many countries are in the second or third lockdown phase.

However, the global vinyl cyclohexane market is expected to experience tremendous uphill growth since the lockdown and other limitations were released. The regarded market's experienced expansion is mostly due to growth in the healthcare, construction and various chemicals sectors.

Vinyl Cyclohexane Market Segmentation Analysis

The global vinyl cyclohexane market is segmented based on purity, application and region.

Colossal application in the chemical industry propels the growth of 98% pure vinyl cyclohexane

Based on purity, the global vinyl cyclohexane market is segmented into 98%, 99%, 95% and others. The 98 % purity sector of the global vinyl cyclohexane market is expected to grow fastest due to an increase in its value in the chemical industry and as a chemical intermediary in various industries.

Increasing laboratory research will also promote segmental expansion, which will help the total market for vinyl cyclohexane grow. Aside from that, the vinyl cyclohexane market will experience tremendous expansion in the next years due to chemical intermediates. The application of 98% pure vinyl cyclohexane as a chemical intermediary in numerous industrial processes is regarded as one of the most important aspects contributing to the market's overall growth.

Vinyl Cyclohexane Market Geographical Share

Asia-Pacific dominates the market due to the region’s extensive growth in chemical industries

The Asia-Pacific accounts for a sizable portion of the global vinyl cyclohexane market. The phenomenal rise of pharmaceutical businesses and the chemical sector, particularly in India and China, is driving the regional market growth. China's chemical industry is expanding to its full potential and it will outperform all other countries during the predicted period. From 2010 to 2018, China's proportion of global chemical sales rose. Domestically, this is well supported due to rising demand. A big consumer base and favorable government policies have sparked China's chemical industry investment. The country has been oriented to serve as a production base for leading global vendors due to the easy availability of low-cost capital and labor, government subsidies and loosened environmental restrictions.

Europe, on the other hand, is expected to be the second biggest market, followed by Asia-Pacific. Favorable chemical emission rules, partnerships and acquisitions and the introduction of new products all contribute to the region's overall growth of the vinyl cyclohexane market. Cefic, for instance, announced a cooperation with the European Union Information Agency for Occupational Safety and Health's (EU OSHA) Healthy Workplaces program in November 2020.

Vinyl Cyclohexane Companies and Competitive Landscape

The global vinyl cyclohexane market is competitive due to the presence of several local and global market players. Major players in the market include Merck KgaA, FUJIFILM Wako Pure Chemical Corporation, Norquay Technology, Inc, Tokyo Chemical Industry Co., Ltd, abcr GmbH, Alfa Aesar, BOCSCI, Inc, AK Scientific, Inc, Santa Cruz Biotechnology, Inc, Matrix Scientific, among others.

The major players in the market are known to incorporate numerous market strategies to achieve growth in global vinyl cyclohexane market; these include mergers, acquisitions, product launches, government incentives, contributions and collaborations

• For instance, in May 2021, The Department of Pharmaceuticals, the Government of India has approved to provide incentives for the production of vinyl cyclohexane for four Indian firms such as olara Active Pharma Science Ltd, Rajasthan Antibiotics Ltd, Dhatri Lab Pvt Ltd and Vital Laboratories Pvt Ltd under its PLI scheme to promote local manufacturing of important bulk pharmaceuticals (APIs) and Key Starting Materials (KSMs).

Merck KGaA

Overview: Merck KGaA is a global leader in life science, healthcare, and electronics manufacturing high-quality, specialized products. The company owns several tools, digital platforms and services in the life science sectors that offer numerous services to scientists during various phases of therapies and scientific discoveries. The company offers materials and solutions in the electronics sector that could revolutionize digital lifestyles. The company further aims to design treatment options for the healthcare sector to treat difficult diseases and improve and prolong life. In 2020, the company generated a net sales of US$ 20,015.06 million, with the highest sales of US$ 7,206.29 million from the Asia-Pacific.

Product Portfolio:

• Vinyl cyclohexane: The product is a 97% pure vinyl cyclohexane with CAS number 695-12-5. The company provides the product in a pack size of 5 g and 25 g. The product has a storage class code of 3-flammable liquids. The product manufactured by the company mostly finds application in construction, healthcare, chemical industries and polymers, among others.

Key Development:

• In 2021, Merck KGaA stopped the sale of its 98% pure vinyl cyclohexane, which was sold under product code 345520 with 97% pure vinyl cyclohexane. The new product is sold under the product code 111406.

Why Purchase the Report?

• To visualize the global vinyl cyclohexane market segmentation by purity, application and region and understand key commercial assets and players.
• Identify commercial opportunities in the global vinyl cyclohexane market by analyzing trends and co-development.
• Excel data sheet with numerous vinyl cyclohexane market-level data points with four segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players

The global vinyl cyclohexane market report would provide approximately 69 tables, 72 figures and almost 180 pages.

Target Audience 2023

• Vinyl Cyclohexane Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Logistics companies
• Distributors/Suppliers