1,4-Dicyclohexylbenzene Industry Size, Share, Demand & Growth by 2031 Increasing applications of 1,4-dicyclohexylbenzene as an additive and in paints & coatings and plastic components in the automotive industry are spurring its demand. Rising automotive sales across the globe also are anticipated to translate into sales opportunities for 11,4-dicyclohexylbenzene producers over the assessment period. As per a recent market survey by Future Market Insights (FMI), the global 1,4Dicyclohexylbenzene industry is estimated to grow by 3.7% annually through 2031. After countering the initial impact of the COVID-19 outbreak, recovery of the market is on the card. As per FMI, the market registered year-over-year growth of 3.9% in 2020-2021. In response to high demand from the chemical industry, leading players operating in the market are investing in research and development activities. Besides this, they are collaborating various with end-use industries to develop products according to specific requirements. This is anticipated to create lucrative opportunities for growth in the forthcoming years. On the flip side, stringent regulations implemented to curb greenhouse emissions are encouraging manufacturers to develop products with minimum toxic content. As a result, various end-use industries are becoming more mindful regarding the consumption of 1,4dicyclohexylbenzene, which might negatively impact growth. As per FMI’s analysis, the US is projected to dominate the North America 1,4dicyclohexylbenzene market over the forecast period. Expansion of the automotive, chemical, and personal care industries and the presence of key market players will continue propelling sales in the country through 2031. “Rising adoption of 1,4-dicyclohexylbenzene in paints & coating for decorative, architectural and industrial applications is anticipated to provide impetus to the market. Besides this, efforts towards launching innovative products aligned with specific industry requirements will boost sales of 1,4-dicyclohexylbenzene over the forecast period,” says the FMI analyst. Read the Complete Research! Key Takeaways: Sales of above 99% 1,4-dicyclohexylbenzene are anticipated to grow by 3.4% yearover-year in 2021. Applications of 1,4-dicyclohexylbenzene are projected to remain high in the chemical intermediate segment, capturing around 33% of the total volume. The US market is estimated to grow by 3.9% year-over-year, with total sales reaching US4 13.2 Mn in the North American market. Germany is projected to dominate the Europe market, commanding 18% of the European market share. China is estimated to emerge as a highly lucrative market, holding 46% of the global volume of 1,4-dicyclohexylbenzene produced. The Japan 1,4-dicyclohexylbenzene market is projected to reach a valuation of US$ 5.7 Million in 2031, growing at a 3.2% CAGR. South Korea and Japan will collectively account for 9.4% of the total sales of 1,4dicyclohexylbenzene. About the Chemicals and Materials Division at Future Market Insights (FMI) The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’. About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Contact Us: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware — 19713, USA T: +1–845–579–5705 For Sales Enquiries: sales@futuremarketinsights.com Website: https://www.futuremarketinsights.com LinkedIn| Twitter| Blogs | YouTube