Global Methylcyclohexane Market Overview:
Over the past few decades, increasing applications of methylcyclohexane in the automobile and consumer electronics applications has upsurged business growth. Methylcyclohexane is an organic colorless saturated hydrocarbon with the faint petroleum-like smell. It has replaced the uses of a number of hazardous chemicals including toluene and trichloroethane in various applications. It is used as a dye solvent in optical disc manufacturing, solvent for adhesives, paints, and inks. Moreover, it caters numerous applications such as laboratory chemicals, machinery manufacturing and repair, rubber manufacturing, and nylon production and many others. According to AMA, the Global Methylcyclohexane market is expected to see growth rate of 1.31% and may see market size of USD79.45 Million by 2024.
- Upsurging Adoption of Methylcyclohexane in numerous End-Use Applications such as Organic Synthesis
- Growing Demand from Adhesives, and Paints Manufacturing
- Introduction to Methylcyclohexane in Chromatographic Analysis
- Volatile Raw Material Prices might Increase Supply Demand Instability
- Highly Inflammable Nature of Hexahydrotoluene will Increase Manufacturing Complexities
- Increasing Demand for Methylcyclohexane from Construction Industry
- Growing Awareness about Chemical Synthesis Chemicals from Untapped Regions
- Stringent Government Regulations on Chemical Manufacturing Firms
- Inflammable Nature Increases Distribution and Transportation Complexities
Some of the key players profiled in the report are Chevron Phillips Chemical (United States), Merck KGaA (Germany), Total S.A. (France), Huntsman Corporation (United States), Maruzen Petrochemical Co., Ltd. (Japan), SK Chemicals (South Korea), TASCO Group (Taiwan), Yangnong Apartment (China), Yueyang Changde Chemical Industry Co. Ltd (China) and Yueyang Baling Huaxing Petrochemical Co. Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Restek Corporation (United States) and TCI Chemicals (India) Pvt. Ltd. (India). Analyst at AdvanceMarketAnalytics see Chinese Vendors to retain maximum share of Global Methylcyclohexane market by 2024. Considering Market by Purity, the sub-segment i.e. Less than 99% will boost the Methylcyclohexane market. Considering Market by Grade, the sub-segment i.e. Industrial Grade will boost the Methylcyclohexane market.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Methylcyclohexane market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Methylcyclohexane market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Methylcyclohexane Manufacturers, Methylcyclohexane Distributors and Suppliers, Methylcyclohexane International Traders, Research and Development Industry Associations, Chemical Industry Associations, Government Agencies, Upstream and Downstream Buyers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.