The Latin America, Middle East and Africa Cyclohexanone Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 408.36 kilo tonnes, showcasing a growth of 3.42% (2023-2030).
The Brazil market dominated the LAMEA Cyclohexanone Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $161.2 million by 2030. The Argentina market is registering a CAGR of 5.7% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 4.5% during (2023 - 2030).
Cyclohexanone participates in many synthetic reactions, including condensation, oxidation, reduction, and cyclization. These reactions enable synthesizing complex drug molecules with specific pharmacological properties and therapeutic effects.
Additionally, cyclohexanone synthesizes active pharmaceutical ingredients (APIs) for various therapeutic areas, including cardiovascular, central nervous system, anti-inflammatory, and anti-cancer drugs. Its role in API synthesis is critical for developing and producing essential medications used in clinical practice.
According to the International Trade Administration (ITA), the gross domestic product (GDP) of South Africa's automotive industry as a whole was 4.3% in 2021 (2.4% manufacturing and 1.9% retail). As the largest manufacturing sector in the economy, the production of vehicles and automotive components contributed a significant 18.7% of value-added to the domestic manufacturing output, maintaining the industry's position as a major player in South Africa's industrialization process.
Free Valuable Insights: The Worldwide Cyclohexanone Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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