研判2025！中国环已酮行业产业链、产业现状、进出口及未来趋势分析：国内环已酮产能不断扩张，行业净出口规模稳步增长[图]

Industry Overview - Cyclohexanone, an organic compound with the chemical formula C6H10O, is a saturated cyclic ketone that is colorless and transparent, with a soil-like odor and a minty scent when containing trace amounts of phenol [1][3] - The production methods for cyclohexanone mainly include oxidation and amination [1][3] Industry Status - In recent years, to meet the growing demand from downstream markets, cyclohexanone companies in China have actively expanded their production capacity, leading to a continuous increase in national production capacity, which is projected to grow from 5.21 million tons in 2018 to 10.92 million tons by 2024 [5] - The production capacity utilization rate has improved, with the national cyclohexanone output reaching 7.66 million tons in 2024, a year-on-year increase of 19.69% [5] Consumption Market - The downstream consumption structure of cyclohexanone in China is relatively simple, with 90.24% of the demand coming from the production of caprolactam and adipic acid, with caprolactam accounting for approximately 64.37% and adipic acid for 25.87% [7] Import and Export - China transitioned from a net importer to a net exporter of cyclohexanone in 2019, maintaining a trade surplus since then. The export volume reached 74,300 tons in the first eleven months of 2024, a year-on-year increase of 49.11% [9][11] - The net export volume for cyclohexanone in 2024 reached 74,100 tons, with a trade surplus of 668 million yuan, reflecting a year-on-year increase of 52.51% [11] Competitive Landscape - The cyclohexanone industry in China is characterized by increasing capacity concentration and the emergence of leading companies, with major players like China Petroleum & Chemical Corporation (Sinopec) and others holding over 60% of the total production capacity [13] - The implementation of environmental policies has led to increased pressure on production capacity, causing many small enterprises to exit the market, thereby enhancing industry concentration [13] Key Companies - Ruihua Technology: Focuses on chemical process packages and has developed efficient cyclohexanone production technology, achieving a revenue of 279 million yuan in the first three quarters of 2024, up 34.48% year-on-year [15] - Lanhua Technology: Engaged in coal, fertilizer, and chemical production, with a revenue of 8.419 billion yuan in the first three quarters of 2024, down 12.34% year-on-year [17] Development Trends - Environmental policies are accelerating technological innovation in the cyclohexanone industry, creating more opportunities for development [19] - The market demand for cyclohexanone is expected to continue growing, particularly in the production of caprolactam and adipic acid, as well as in solvent and coating applications [20]