The report of global Hexylene Glycol (HG) market by Grade (Cosmetics & personal care, Paints & coatings, Hydraulic fluid, and Others), By Application (Chemical intermediates, Solvents, and Others), By Functionality (Viscosity reducing agents, Emulsifying agents, Surfactants and Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn. by 2027, at a CAGR of xx% during a forecast period.
In hot weather, a large amount of solar radiation is absorbed and in cold weather, this heat is lost through roofs which led to an increase in the adoption of roofing in the building. There is a high demand for cool roof chemical products in Middle East & Africa besides, various government policies for eco-friendly products, to meet the global climatic regulations goals as there is a drastic change in climates globally and to reduce energy consumption have created many lucrative opportunities for the key players. In addition, desire for larger roofing structures, green building policies, and increasing demand for modern roofing.
The Chemical intermediates segment is expected to reach US$ xx Mn by 2027
By Grade, the demand for Solvents is increasing in residential buildings and it is expected to grow at a CAGR of xx% during the forecast period. There are three types of Solvents EPDM, PVC, and TPO the market growth is driven by the factors such as low cost, energy efficiency, UV resistance longevity.
Chemical intermediates are the second-largest segment which is expected to grow at a CAGR of xx% during the forecast period.
Chemical intermediates provide better wind resistance compared to other roofing, with the rising number of cases in North America and Europe the demand for Chemical intermediates is increasing. Other factors that are driving the market growth are pre-engineered metal building and nonresidential applications. Other extensively used materials are copper, aluminum, and stainless steel for the manufacturing of metal shingles. The adoption of Chemical intermediates is increasing as they have a long shelf life and durable.
Asia pacific is expected to grow at a CAGR of xx% during the forecast period and is expected to reach xx% market share by 2027
In the Asia Pacific, the market growth is attributed to increasing government investment in the infrastructure, and increasing per capita income has created many lucrative opportunities for the key players. In countries like India and China, the growing construction industry has led to increasing demand for roofing this has led to increasing the demand for the Hexylene Glycol (HG) market. Consumer awareness towards safety and trends towards green building policies and energy saving by adopting eco-friendly products have fuelled the market growth. The construction industry in India is expected to grow at a value of USD$ xx billion by 2027 with the growing population.
Key players operating in the Global Hexylene Glycol (HG) Market are BASF SE (Germany), The Dow Chemical Company (the U.S), E. I. du Pont de Nemours and Company (the U.S.), Saint-Gobain S.A. (France), Eastman Chemical Company (the U.S.), 3M Company (the U.S), Owens Corning (the U.S.), Akzo Nobel N.V (the Netherlands), Sika AG (Switzerland) among others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Hexylene Glycol (HG) Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Chassis Sensors Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global Hexylene Glycol (HG) Market positioning of competitors.
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