Global 1,6-Hexanediol Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

January 19 14:48 2022
Global 1,6-Hexanediol Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.
Global 1,6-Hexanediol Market Report and Forecast 2021-2026
Global 1,6-Hexanediol Market To Be Driven By The Polyurethanes Segment In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global 1,6-Hexanediol Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global 1,6-hexanediol market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020):  USD 906 million
• Forecast CAGR (2021-2026): 7.8%

The 1,6-hexanediol market is being driven by the thriving polyurethanes segment. The rising demand for 1,6 hexanediol can be attributed to the increasing adoption of polyurethanes by the furniture industry to produce flexible foams utilised in furniture applications such as mattress padding, carpets, and seat cushions. Furthermore, the demand for polyurethanes in developing countries like China and India has significantly increased its production propelling the 1,6 hexanediol industry. Meanwhile, the rising application of the product in the infrastructure industry for insulation is likely to provide an impetus to the market.

Industry Definition and Major Segments

1,6-hexanediol is a colourless organic compound that is soluble in water. It is produced by hydrogenation of adipic acid or its esters and is extensively utilised to produce polyurethane and industrial polyester. 1,6-hexanediol enhances the flexibility and hardness of polyester because it has a relatively long hydrocarbon chain and is employed as a chain extender in polyurethane.

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On the basis of application, the market can be categorised into:

• Polyurethanes
• Coatings
• Acrylates
• Adhesives
• Polyester Resin
• Others

The regional markets for 1,6-hexanediol include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Among these, Asia Pacific is projected to represent a significant share in the 1,6-hexanediol market.

Market Trends

The increasing demand for protective coatings will likely aid the market in the forecast period due to 1,6-hexanediol’s higher affinity towards water. This has led to extensive application in acrylics, paints, plasticizers, and glues, which is expected to further enhance product demand. Furthermore, industrial protective coating in cars, machines and other apparatus has increased the demand for 1,6-hexanediol as it significantly improves their utilisation period by defending them against climatic factors and contaminants. The rapid technological advancements and increasing investments by the key players to develop innovative solutions are also anticipated to significantly contribute to the market growth.

Key Market Players

The major players in the market are BASF S.E., Lanxess Aktiengesellschaft, Ube Industries, Ltd., Lishui Nanming Chemical Co., Ltd., Zhengzhou Meiya Chemical Products Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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