The global cyclohexanol and cyclohexanone market was valued at around USD 15 billion in 2024 and is projected to surpass USD 20 billion by 2034, growing at a CAGR of ~4%. This steady growth is underpinned by strong demand from downstream industries, particularly nylon production, where these chemicals serve as critical intermediates.
Market Overview and Key Drivers
Cyclohexanol is mainly used in as raw material to produce caprolactam and adipic acid, which are key precursors to Polyamide 6 (PA 6) and Polyamide 6,6 (PA 66) widely used in end use industries such as textiles, automotive, films, and coatings. Cyclohexanone, often produced alongside cyclohexanol, shares similar end-use markets.
These chemicals are derived from cyclohexane, which is either refined from crude oil or obtained as a byproduct of petroleum refining. The production process starts with purification to remove unwanted components like sulfur and nitrogen.
Demand Trends
In 2024, global demand for cyclohexanol and cyclohexanone exceeded 7,000 kilo tons, having grown at an average annual rate of 2.5% since 2018. Going forward, the market is estimated to register a CAGR of 3% through 2034, driven by rising production of nylon-based applications.
Applications at a Glance
Caprolactam: Accounts for over 65% of global consumption
Adipic Acid: Contributes another 30%
Others: Include solvents, coatings, dyes, and pharmaceuticals
Over 95% of all cyclohexanone produced globally is used to manufacture caprolactam and adipic acid, making nylon the dominant market driver.
Regional Outlook
Asia-Pacific leads the global market, holding over 60% share in 2024, with China playing a major role as both consumer and producer.
Western Europe and North America collectively account for around 30% of global demand.
This regional dominance is estimated to continue, especially in Asia, due to its strong manufacturing base and growing end-use sectors.
Production Landscape
Caprolactam Capacity (2024): ~9,700 kilo tons, with over 70% located in Asia-Pacific
Key producers: BASF, DOMO, Sumitomo Chemical, Fibrant, Capro Co., and Chinese domestic manufacturers
Adipic Acid Capacity (2024): ~4,500 kilo tons
China accounts for nearly 60%, followed by the USA (18%) and Western Europe (17%)
Major players: Invista, Ascend, Solvay, BASF, Asahi Kasei
Competitive Landscape
The market features a mix of global chemical giants and regional specialists. Key players include:
Gujarat State Fertilizers & Chemicals Ltd
UBE Industries
Idemitsu
PTT Public Company
Grodno Azot
JSC Kuibyshevazot
Total Petrochemical
ExxonMobil
BASF
CEPSA
BP Refining & Petrochemicals (Ruhr Oel JV)
Repsol YPF
Braskem
ConocoPhillips
CITGO among others
These companies are focused on capacity expansion, technological upgrades, and sustainable production practices to maintain competitiveness in a maturing market
Table of Contents
1. Introduction
Scope
Market Coverage
Application
Regions
Countries
Years Considered
Historical - 2018 - 2023
Base - 2024
Forecast Period - 2025 - 2034
Research Methodology
Approach
Research Methodology
Prismane Consulting Market Models
Assumptions & Limitations
Abbreviations & Definitions
Conversion Factors
Data Sources
2. Market Synopsis
Market Evolution
Demand Overview
Industry Structure
Strategic Issues
End-use Trends
Growth Forecast
3. Economic & Energy Outlook
GDP and Demographics
Monetary & Fiscal Policies
Crude Oil Production and prices
Natural Gas
Electricity Prices
4. End-use Sector Performance
Automotive
Textile
Others
5. Introduction to Cyclohexanol & Cyclohexanone and Market Overview
Product Description
Grades & Properties
Raw Material
Manufacturing Process
Environmental Issues
Value Chain
Applications
6. Market Dynamics and Industry Trends
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
7. Global Cyclohexanol & Cyclohexanone Demand Analysis, By Application (Volume, Value) (2018 - 2034)
Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
Demand
Demand Growth Rate (%)
Driving Force Analysis
Global Cyclohexanol & Cyclohexanone Market, By Application
Adipic Acid
Caprolactam
Others
8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016-2036)
Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
Demand
Demand Growth Rate (%)
Cyclohexanol & Cyclohexanone Market, By Application
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).
North America
USA
Canada
Mexico
Western Europe
Germany
France
Italy
United Kingdom
Spain
Rest of Western Europe
Central & Eastern Europe
Russia
Poland
Rest of Central & Eastern Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Central & South America
Middle East & Africa
Note: CAGR will be calculated for all applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)
9. Pricing Analysis
10. Key Strategic Issues and Business Opportunity Assessment
Market Attractiveness Assessment
Prospective & Target Market Study
11. Strategic Recommendation & Suggestions
12. Company Analysis
Cyclohexanol & Cyclohexanone Manufacturers Profiles/ Company Analysis
Basic Details
Headquarter, Key Markets
Ownership
Company Financial
Manufacturing Bases
Global Turnover
Total Employee
Product Portfolio / Services / Solutions
Key Business Strategies adopted and Prismane Consulting Overview
Recent Developments
Companies Covered -
Gujarat State Fertilizers & Chemicals Ltd
UBE Industries
Idemitsu
PTT Public Company
Grodno Azot
JSC Kuibyshevazot
Total Petrochemical
ExxonMobil
BASF
CEPSA
BP Refining & Petrochemicals (Ruhr Oel JV)
Repsol YPF
Braskem
ConocoPhillips
CITGO
Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.