The global Cyclohexane Dimethanol (CHDM) market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Major factors driving market revenue growth include increasing adoption of cyclohexane dimethanol in paints and coatings industry, coupled with rising demand from automotive, chemical, medical, electronics, and packaging industries. Increasing industrialization and rapidly growing building and construction sectors are some key factors resulting in rising demand for CHDM, and this trend is expected to continue going ahead.
Increasing demand for and adoption of CHDM in the production of polyester resins, paint coatings, food, cold drinks packaging, metal coatings, construction materials, adhesives, lubricants, etc. is expected to continue to support market growth. CHDM is widely used in automotive, constructions, and chemical industries, among others. Increasing demand for CHDM from the medical pharmaceutical industry is another major factor driving market revenue growth.
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Top Players in the Global Cyclohexane Dimethanol (CHDM) Market:
Cyclohexane Dimethanol (CHDM) market are Eastman, SK NJC, Feixiang Group, and Kangheng Chemical.
Cyclohexane Dimethanol is a chemical intermediate used in production of saturated and unsaturated polyester resins. It has excellent heat and corrosion resistance, strength, and flexibility. CHDM is a mixture of two isomers; cis and trans. Rising demand for CHDM from chemicals industry is a key factor expected to continue to support growth of the market to a significant extent over the forecast period.
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Market segmentation based on Type Outlook:
- Cis/Trans Ratio: 30:70
- Cis/Trans Ratio: 25:75
- Tall Oil Rosin (TOR)
- Polyester Materials
- Coating Materials
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Cyclohexane Dimethanol (CHDM) market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Cyclohexane Dimethanol (CHDM) market?
- Which regional market is expected to lead in terms of revenue share in the global Cyclohexane Dimethanol (CHDM) market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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