Global Cyclohexylbenzene Market Size, Share, Growth Analysis Report - Forecast 2034

Cyclohexylbenzene Market: Industry Perspective

The global cyclohexylbenzene market size was worth around USD 446.96 Million in 2024 and is predicted to grow to around USD 647.75 Million by 2034 with a compound annual growth rate (CAGR) of roughly 3.78% between 2025 and 2034. The report analyzes the global cyclohexylbenzene market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cyclohexylbenzene industry.

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Cyclohexylbenzene Market: Overview

A cyclohexyl substituent gives the derivative of benzene the name cyclohexylbenzene. It is a colorless liquid that is created when benzene and cyclohexene are alkylated. Cyclohexylbenzene is produced when dibenzothiophene is hydrodesulfurized. Cyclohexylbenzene is a high-boiling-point solvent and penetrant that can be utilized in a variety of industries, including plastics, paints, and adhesives. Cyclohexanone is typically produced as a byproduct of the cyclohexane-to-caprolactam process. Manufacturers have developed innovative and sustainable manufacturing procedures in addition to regular manufacturing processes.

Key Insights

• As per the analysis shared by our research analyst, the global cyclohexylbenzene market is estimated to grow annually at a CAGR of around 3.78% over the forecast period (2025-2034).
• Regarding revenue, the global cyclohexylbenzene market size was valued at around USD 446.96 Million in 2024 and is projected to reach USD 647.75 Million by 2034.
• The cyclohexylbenzene market is projected to grow at a significant rate due to increasing demand from the expanding electronics and automotive industries, particularly for its use in lithium-ion batteries and liquid crystal displays, as well as its application as a solvent in paints, coatings, adhesives, and chemical production.
• Based on Type, the Electronic grade segment is expected to lead the global market.
• On the basis of Application, the Intermediate segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Cyclohexylbenzene Market: Growth Drivers

The increasing adoption of electric vehicles across the globe drives the market growth

One of the key factors that drive the growth of the global cyclohexylbenzene market is the growing adoption of electric vehicles across the globe. In electric vehicles, the use of the lithium-ion battery is very high as compared to the other batteries and cyclohexyl benzene (CHB) is widely used as an electrolyte additive for overcharge protection of lithium-ion batteries. For instance, according to the International Energy Agency, the global sales of electric cars have kept rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021.

Moreover, the increasing government initiatives across the globe positively influence the growth of the EV industry, which in turn, drives the market growth. For instance, China’s Ministry of Transport offers subsidies and other benefits for developing low-emission bus fleets, thereby further positively influencing the market. For instance, 61,000 more new energy buses were sold by Chinese bus makers in 2020, despite the COVID-19 pandemic. Thus, electric vehicles provide a potential opportunity for the market expansion of the cyclohexylbenzene market.

Cyclohexylbenzene Market: Restraints

The adverse health effect is expected to limit the market growth

The adverse health effect of cyclohexylbenzene is expected to limit the growth of the market during the forecast period. The substance defats the skin, which may cause dryness or cracking. The substance may have effects on the central nervous system and immune system. The substance may have effects on the bone marrow. This may result in anemia. This substance is carcinogenic to humans and may cause heritable genetic damage to human germ cells.

Cyclohexylbenzene Market: Opportunities

The increasing use of cyclohexylbenzene in various industries is expected to provide lucrative opportunity for the market growth

The increasing use of cyclohexylbenzene in various end-use industries such as automotive, electronics, plastics, adhesives, and others is expected to provide a lucrative opportunity for global cyclohexylbenzene market growth during the forecast period. In the automotive sector, cyclohexylbenzene is used in EV batteries to protect from damage. Between the separator and cathode, cyclohexyl benzene is electrochemically polymerized to create polymer at potentials lower than those for electrolyte breakdown.

The polymer prevents the battery from being overcharged. In a real cell, the addition leads to a slight capacity loss and rise in impedance; however, these effects can be reduced if the operating voltage is significantly lower than the polymerization voltage. Moreover, this material is utilized as a penetrant in painting, plastics, and adhesives industries, and as a high boiling point solvent in chemical engineering. These are also being deployed as carriers for disinfectants and aerosols.

Cyclohexylbenzene Market: Challenges

Stringent regulation enforced by the government act as a major challenge to the market growth

The cyclohexylbenzene market is anticipated to be hindered throughout the forecast period by strict regulations laid by the governing authorities of various regions on the production and usage of cyclohexylbenzene. For instance, the list of probable marine contaminants in Appendix B to 172.101 of the list of marine pollutants includes cyclohexylbenzene. Thus, the aforementioned facts act as a major challenge to market growth.

Cyclohexylbenzene Market: Segmentation Analysis

The global cyclohexylbenzene market is segmented based on Type, Application, and region.

Based on Type, the global cyclohexylbenzene market is divided into Electronic grade, Industry grade.

On the basis of Application, the global cyclohexylbenzene market is bifurcated into Intermediate, Solvent, Other.

Cyclohexylbenzene Market: Report Scope

Cyclohexylbenzene Market: Regional Analysis

The Asia Pacific is expected to hold the largest market share during the forecast period

The Asia Pacific region is expected to hold the largest share in the global cyclohexylbenzene market during the forecast period. The growth in the region is attributed to the increasing demand for lithium-ion batteries and liquid crystal displays from the automotive and consumer electronics industries. Cyclohexyl benzene (CHB) is widely used as an electrolyte additive for the overcharge protection of lithium-ion batteries. For instance, despite a global drop in auto sales caused by a shortage of semiconductor supply caused by the COVID-19 pandemic, electric vehicle sales in China soared by 154% last year as more people selected cleaner automobiles.

In China, electric vehicle (EV) manufacturers sold 3.3 million units in 2021, up from 1.3 million in 2020 and 1.2 million in 2019. In addition, growing demand, increasing investment, enhanced supportive facilities and legislation, as well as technology developments, are all propelling the country's NEV sector forward. The Chinese government aims for 20% of all vehicle sales to be electric by 2025, including embracing NEVs as the next generation of government vehicles, which in turn drives the cyclohexylbenzene market during the forecast period.

On the other hand, in 2020, the European cyclohexylbenzene market surpassed USD 110 million and is expected to witness substantial growth during the forecast period. The robust automotive and manufacturing sectors are attributed to the expansion. The European automotive paints and coatings sector will exhibit promising growth possibilities, due to the strong presence of key manufacturers. This will almost certainly increase demand for intermediates and organic solvents.

Mergers and acquisitions are being pursued by industry participants to strengthen their market position. Furthermore, the expansion of automobile production facilities in Germany, the United Kingdom, and France will aid product penetration throughout the region. For instance, according to Statista, in 2021, 3.1 German automobiles were made. This was a reduction from the previous year's estimate of 3.5 million vehicles. The German automobile industry is a pillar of the German economy as well as a well-established global economic heavyweight. Thus, the aforementioned facts supported the market expansion over the forecast period.

Recent Developments:

• Tokyo Chemicals Industry, Co., Ltd. has announced the introduction of a digital storefront designed by Capgemini and built on SAP Commerce Cloud and Digital Customer Experience (DCX) methodology. The new digital customer platform supports operations in 20 countries and contains nine languages and currencies spread across eight different regional websites. This strategy will assist Tokyo Chemical Industry in improving the B2B customer experience and product sales in approximately 20 countries worldwide.

Cyclohexylbenzene Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cyclohexylbenzene market on a global and regional basis.

The global cyclohexylbenzene market is dominated by players like:

• Thermo Fisher
• Sigma Aldrich
• Kishida Chemical
• Schultz Chemicals
• TCI Chemicals
• J&H Chemical
• AA Blocks
• Santa Cruz Biotechnology.
• Tokyo Chemical Industry
• Hairui Chemical

The global cyclohexylbenzene market is segmented as follows;

By Type

• Electronic grade
• Industry grade

By Application

• Intermediate
• Solvent
• Other

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa