Total sales volume, year-over-year growth, product categories, and market share.
Methylcyclohexane Market Defination
The methylcyclohexane market is rapidly expanding due to the growth of the chemical manufacturing industry. It is used as a solvent in the formulation of resins, inks, paints, correction fluids, and adhesives. Methylcyclohexane also has applications as a hydrogen carrier in fuel cell vehicles. The expansion of the chemical manufacturing industry and changes in the regional competitive landscape are pushing growth in the sector.
Despite this, environmental concerns around the compound are restricting growth in the market as it is highly flammable and considered extremely toxic to aquatic life. Further optimization of the production process, especially the development of a reliable catalyst, is needed to increase profitability in the market. Applications of methylcyclohexane are expected to grow as the chemical industry expands due to falling raw material costs, market consolidation by major players in the space, and global population growth.
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