The global cycloalkanes market size was valued at USD 6.36 billion in 2024 and is forecasted to reach USD 10.96 billion by 2034, growing at a CAGR of 5.60% from 2025 to 2034. Growth is mainly fueled by increasing applications in the chemicals, automotive, and pharmaceutical industries, alongside the rising demand for solvents and nylon production.
CAGR: 5.60% (2025–2034)
Revenue: USD 6.36 billion (2024) → USD 10.96 billion (2034)
Leading application: Solvents (≈32% market share, 2024)
Dominant product type: Cyclohexane (~65% revenue share, 2024)
Top region: Asia-Pacific, led by China and India
Cycloalkanes are cyclic hydrocarbons with carbon atoms arranged in a ring structure. They are widely utilized as solvents, fuel additives, intermediates, and pharmaceutical inputs.
In the chemicals sector, cycloalkanes are vital raw materials for nylon, adipic acid, and intermediates used across coatings, textiles, and industrial production.
In the automotive industry, engineered plastics derived from cycloalkanes are key to producing lightweight, fuel-efficient, and EV-friendly components.
In the pharmaceutical space, cycloalkanes are increasingly used in APIs (active pharmaceutical ingredients).
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Cycloalkanes are critical solvents and intermediates in organic synthesis.
Cyclohexane, in particular, is indispensable for nylon production, supporting applications in textiles and engineering plastics.
Rising FDI in Asia’s chemical sector (e.g., India allows 100% FDI) strengthens market prospects.
Cycloalkane-based polymers used in lightweight vehicles improve efficiency.
The electric vehicle boom further accelerates demand for engineered plastics.
Supply chain volatility due to geopolitical conflicts (e.g., Russia–Ukraine war).
Crude oil price fluctuations, as petroleum is a key raw material.
Rising environmental regulations restricting chemical industry emissions.
Cycloalkanes used in drug synthesis and APIs open new growth avenues.
Global R&D in pharma accelerates applications of high-purity cycloalkanes.
Cyclopropane and decalin-based fuels show promise in aviation and space exploration.
Research breakthroughs in bioengineered cycloalkanes may support long-term adoption.
Growing competition from bio-based alternatives.
Environmental concerns around cycloalkane production & usage.
Strict global regulatory frameworks could hinder expansion.
Fuel Additives
Solvents (leading, ~32% share in 2024)
Pharmaceuticals
Chemical Intermediates
Electronics
Aerospace
Inustrial
Automotive
Bicyclohexane
Cyclooctane
Methylcyclopentane
Cyclohexane (dominant, ~65% share)
Home to China & India’s massive chemical industries.
Key demand from nylon textiles, automotive, and coatings sectors.
Strong government support and foreign investments.
Demand from pharma, aviation, and coatings industries.
Strong focus on sustainable aviation fuel development.
Rising domestic chemical production amid global trade shifts.
Supported by stringent regulations favoring sustainable fuels.
Focus on advanced materials and aerospace research.
Major players include:
Reliance Industries Limited
LyondellBasell Industries
Dow Chemical Company
Shell Chemicals
Huntsman Corporation
Mitsubishi Chemical Group
Toray Industries
BASF
INEOS
ExxonMobil Chemical
Formosa Plastics Group
SABIC
Eastman Chemical Company
Chevron Phillips Chemical
LG Chem
The global cycloalkanes market is on a growth path, driven by booming chemical applications, rising automotive demand, and pharmaceutical innovations. Despite supply chain challenges and competition from bio-based alternatives, the sector’s strong role in nylon production, sustainable fuels, and high-value chemical intermediates ensures a robust future.
👉 The big question remains: Can cycloalkanes balance industrial demand with sustainability pressures to stay competitive through 2034?