Vinylcyclohexene (VCH) Market – Estimated To Experience A Hike In Growth By 2027
Global Vinylcyclohexene (VCH) Market: Overview
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Vinylcyclohexene (VCH) is a high-purity liquid diolefin. It is an
organic compound produced as a byproduct during the chemical processing of
1,3-butadiene (dimerization).
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Vinylcyclohexene (VCH) is 1,3-butadiene dimer. Vinylcyclohexene is an
impurity found in butadiene during storage, which is developed due to
dimerization.
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Vinylcyclohexene (VCH) has a boiling point of 126°C. It is a highly
toxic and colorless liquid with strong, pungent odor.
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Vinylcyclohexene (VCH) is used as a precursor in the production of flame
retardants. VCH also acts as an intermediate in the synthesis of specialty
chemicals.
Rise in Demand for
Vinylcyclohexene (VCH) in Chemical Industry
·
The global
vinylcyclohexene (VCH) market is anticipated to expand significantly during
the forecast period. Growth of population and rise in the disposable income are
key factors expected to boost the demand for vinylcyclohexene (VCH) during the
forecast period.
·
Increase in the production of flavors and fragrances is driving the
demand for vinylcyclohexene (VCH) in the food & beverages industry.
Vinylcyclohexene (VCH) plays an important role in various chemical processes.
·
Leading manufacturers are focusing on the development of customized
technological solutions based on industrial requirements
·
Stringent government regulations and volatile prices of raw materials
may hinder the global vinylcyclohexene (VCH) market during the forecast period
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98% Purity Segment
Estimated to Witness Lucrative Opportunities
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Based on purity, the global vinylcyclohexene (VCH) market can be
segmented into 98%, 99%, 95%, and others
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Among these, 98% is anticipated to be the most rapidly expanding segment
of the global vinylcyclohexene (VCH) market during the forecast period.
Vinylcyclohexene (VCH) with 98% purity is widely used as a chemical
intermediate in various end-use industries. The 98% segment is anticipated to
witness rapid growth during the forecast period, due to growing consumption of
VCH with 98% purity across different industries.
Chemical
Intermediates Segment to Witness Significant Opportunities
·
Based on application, the global vinylcyclohexene (VCH) market can be
segregated into chemical intermediates, flame retardants, and others (including
flavors & fragrances)
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Chemical intermediates is projected to be the most rapidly expanding
segment of the global vinylcyclohexene (VCH) market during the forecast period
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Vinylcyclohexene (VCH) is primarily employed as a chemical intermediate
in various industrial processes
Chemical End-use
Segment to Hold a Major Market Share
·
Based on end-use, the global vinylcyclohexene (VCH) market can be
classified into chemical, pharmaceutical, food & beverages, and others. The
chemical segment accounts for a prominent share of the global vinylcyclohexene
(VCH) market, due to rise in the demand for vinylcyclohexene (VCH) as a
chemical intermediate.
·
Increasing demand from the food & beverages industry has been
driving the global vinylcyclohexene (VCH) market over the last few years. The
trend is anticipate to continue throughout the forecast period.
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Asia Pacific to
Hold a Significant Share of Global Vinylcyclohexene (VCH) Market
·
In terms of region, the global vinylcyclohexene (VCH) market can be
segmented into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa
·
Asia Pacific is anticipated to constitute a significant share of the
global vinylcyclohexene (VCH) market in the near future. Growth of
pharmaceutical and chemical sectors, especially in China and India, is likely
to drive the market in the region during the forecast period.
·
Demand for vinylcyclohexene (VCH) is projected to remain steady in North
America and Europe in the next few years. The vinylcyclohexene (VCH) market in
Latin America and Middle East & Africa is likely to expand at a steady pace
during the forecast period.
·
The U.S. is projected to constitute a major share of the
vinylcyclohexene (VCH) market in North America during the forecast period.
Growth of the market in the country can be ascribed to presence of prominent
manufacturers, such as Norquay Technology and Santa Cruz Biotechnology, in the
country.
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