According to a new report, published by KBV research, The Global Cyclohexanone Market size is expected to reach $10.4 billion by 2030, rising at a market growth of 3.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,442.50 kilo tonnes, experiencing a growth of 0.69% (2019-2022).
The Solvents segment is anticipating a CAGR of 4.6% during (2023 - 2030). Growing industrial activities across various sectors, such as paints and coatings, adhesives, pharmaceuticals, and electronics, have bolstered the demand for solvents, including cyclohexanone. The expansion of manufacturing facilities, construction projects, and infrastructure development initiatives worldwide has led to heightened demand for solvents for cleaning, degreasing, surface treatment, and formulation purposes.
Full Report: https://www.kbvresearch.com/cyclohexanone-market/
The Asia Pacific region dominated the Global Cyclohexanone Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.8 billion by 2030. The Europe region is experiencing a CAGR of 3.2% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 2.6% during (2023 - 2030).
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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