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Global Cyclohexane Dimethanol (CHDM) Highly Concentrated and Dominated by Two Players

Author: QYResearch  |   Published Date: 2021-09-22   |   Views: 58



As a white waxy solid, CHDM is an important organic chemical raw material. Its molecular formula is C8H16O2 and its molecular weight is 144.21. CHDM has two isomers, namely, cis and trans. The trans proportion structure is relatively symmetric, the lattice structure is regular, the lattice energy is high, the melting point is high, and the heat resistance of the product is good. When it is used in the production of pet products such as PETG, the higher the trans proportion is, the higher the heat resistance of the pet will be.

 

The top players cover Eastman, SK Chemicals, Kangheng Chemical, Feixiang Group, etc. The Top 3 players accounting for about 97% of the Global market. Eastman and SK Chemicals owns core technology and dominate the industry. The high technology barrier can’t be broken in a shore term.

 

The biggest use of CHDM is to synthesize PCT, PETG and PCTG new polyester products, which have good transparency, impact resistance, wear resistance and corrosion resistance. Polyester Materials accounted for about 79% of consumption share globally in 2020. Moreover, it is anticipated to grow at a CAGR of 6.98% during 2021-2027.

 

In terms of revenue, the Global CHDM market was valued 502.25 million USD in 2020 and is estimated to be worth 704.03 million USD by 2027, with the average annual growth rate of 5.75% from 2021 to 2027. In terms of Consumption, the Global CHDM is estimated to be 92034 MT in 2020 and is anticipated to reach 144026 MT by 2027.

 

Read More Information: https://www.qyresearch.com/index/detail/3606444/global-and-japan-1-4-cyclohexanedimethanol-chdm-market

 

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