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CHEMICALS AND ADVANCED MATERIALS

4-Tert-Butylcyclohexanone Market Analysis by Purity (Below 95% and Above 95%); and by Application (Perfumes & Fragrances, Biocides, Cleaning & Washing, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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IN THE NEWS

  • June 14, 2022: Merck KGaA to make an announcement about the collaboration with Agilent Technologies to enable the Bioprocessing 4.0 and real-time release.

  • May 31, 2022: Lanxess AG merges its path with Advent International to develop engineering polymers of high performance by obtaining the required materials from DSM

Global 4-Tert-Butylcyclohexanone Market Size, Forecast, and Trend Highlights Over 2022 - 2031

4-Tert Butylcyclohexanone Market Table Image

The global 4-tert-butylcyclohexanone market is estimated to garner substantial revenue by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated remarkable revenue in the year 2021. The growth of the market can be attributed to the rising demand for 4-tert-butylcyclohexanone in the personal care industry. personal care industry comprises products associated with nails, oral, and skin care. For instance, around 15 million Americans were observed to be using facial lotions, creams and gels.

4-Tert Butylcyclohexanone Market Overview Image

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Furthermore, the global 4-tert-butylcyclohexanone is less polar than 4-tert-butylcyclohexanol and both are generally separated by the chromatography method. 4-tert-butylcyclohexanone is soluble in alcohol and ethanol but not in the water with an experimental density of 0.893g/mL. It is an organic chemical associated with the C10H180 ketones family and sold in the market under CAS number 98-53-3. 4-tert-butylcyclohexanone is nontoxic in nature and this is one of the major reasons for its utilization in the manufacturing of flavors, fragrances, and various cosmetics products. Edible flavors are generally added to junk food to make it more appealing to the customers and a higher prevalence of junk food can be observed across the globe. For instance, the total size of the quick service restaurant industry was valued at USD 700 billion in 2021.

Global 4-Tert-Butylcyclohexanone Market: Growth Drivers and Challenges

Growth Drivers

  • Up-Surged Demand for the Product in the Cosmetic and Personal Care Industry to Hike the Growth of the Market

As of 2022, about 300 contract manufacturers of personal care products were active in the US.

  • Rising Demand for the Product in Flavor and Fragrance (F&F) Industry

In the flavor and fragrance (F&F) industry, the fragrances division was estimated to generate revenue of approximately 10 billion euros in 2021.

  • Spiking Inclination of Global Population Toward Hygiene and Personal Grooming

It was observed that around 40% of males across the globe prioritized self-care and personal grooming.

  • Growing Utilization of the Product in Making of Cleaning and Washing Products

In 2019, the toilet cleaners segment in dishwashing product industry was valued at around USD 7 billion.

  • Escalating Demand for Perfumes and Deodorants

The revenue generated by the deodorant segment per person in the year 2022 was estimated to be around USD 4.

Challenges

  • Possibility of Adverse Effect on Environment and Health
  • Strict Regulations Imposed by the Government on the Utilization
  • Harmfulness on the Aquatic Life

The global 4-tert-butylcyclohexanone market is segmented and analyzed for demand and supply by application into perfumes & fragrances, biocides, cleaning & washing, and others, out of which, the perfumes & fragrances segment is projected to acquire a notable share in the global 4-tert-butylcyclohexanone market during the forecast period. The growth of the segment is accounted to higher demand for perfumes and deodorants across the globe. For instance, the revenue generated by the deodorants segment in the associated industry amounted to approximately USD 5 billion in 2022. A growing inclination of people toward personal care has been observed in recent decades that is projected to hike the growth of the segment over the forecast period.

Major Macro-Economic Indicators Impacting the Market Growth

Major Macro-Economic Indicators Image

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The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, which accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. The easy availability of low-cost raw materials & labor, as well as government subsidies and relaxed environmental norms, have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for investment in businesses in Asia Pacific countries in the upcoming years.

Global 4-Tert-Butylcyclohexanone Market Regional Synopsis

Regionally, the global 4-tert-butylcyclohexanone market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031. The growth of the market is attributed to spiking sales of skincare products, perfumes, deodorants, and other sorts of cosmetics. In 2021, the sales of facial cosmetics in the United States were valued at almost USD 1 billion. Additionally, the increasing demand for perfume and deodorants is further anticipated to boost the growth of the market in the region during the forecast period. USA was observed to generate the highest revenue in the deodorant segment in the global comparison in 2022 of about USD 5000 million.

Furthermore, the Asia Pacific region is anticipated to obtain the second-largest share in the market during the forecast period. The growth of the market is attributed to the similar factors such as, growing demand for personal hygiene products, perfumes, deodorants, and others and the increasing disposable income in the region. For instance, the value of the Asian fragrance segment was estimated to be around USD 10 billion in 2022. Hence, all these factors are projected to influence the growth of the market in the region positively over the forecast period.

4-Tert Butylcyclohexanone Market Share Image

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The global 4-tert-butylcyclohexanone market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global 4-tert-butylcyclohexanone market includes the following segments:

4-Tert Butylcyclohexanone Market Segmentation Graph

Top Featured Companies Dominating the Global 4-Tert-Butylcyclohexanone Market

  • Dayang chem (HangzhouCo., Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Thermo Fisher Scientific Holdings, Inc.
  • Hubei Jusheng Technology Co., Ltd.
  • Merck KGaA
  • Lanxess AG 
  • Tokyo Chemical Industry Co., Ltd. 
  • WeylChem International GmbH 
  • Jordan Bromine Company
  • IRO Group Inc.
  • ICL Industrial Products Ltd.

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