1, 6-Hexanediol Market – Global Industry Analysis and Forecast (2023-2029)

1,6Hexanediol Market size is expected to reach nearly US$ 1796.06 Mn. by 2029 with the CAGR of 7.9% during the forecast period.
1, 6-Hexanediol Market Overview:
The 1, 6-hexanediol is a colorless water-soluble solid organic compound. It is a low-cost chemical and is commercially available for the adoption of various industrial usages.To know about the Research Methodology :- Request Free Sample Report
1, 6-Hexanediol Market , Dynamics:
Looking forward, the market is projected to reach a value of US$ 2,670 Mn. by 2029, expanding at a CAGR of around 7.5% during 2023-2029. In recent years the 1, 6-hexanediol demand has improved because of its increased use in Asian countries. Furthermore, the growing use of 1, 6-hexanediol in various applications like polyurethanes, coatings, acrylates and polyester resins, has further led to 1, 6-hexanediol market growth.

However, the presence of substitutes like pentanediol & butanediol and unfavorable conditions rising due to the COVID-19 pandemic are the major restraints, which is hampering the growth of the 1, 6-hexanediol market globally. Moreover, advancement in technology and expansion of bio-based raw material is likely to provide new opportunities for the global 1 6-hexanediol market.
1, 6-Hexanediol Market Segment Analysis:
The polyurethane application segment held the largest market share of 46% in 2022 and is projected to grow at the highest CAGR of 8.11% to reach US$ xx Mn. by 2029. Demand for polyurethane, for example, thermoplastic polyurethane elastomers, foams and coatings, across many regions, is a significant factor in polyurethane development. Also, developing economies in the Asia-Pacific region have seen a growing polyurethane demand, such as India China, Korea and Vietnam.

In 2022, the coatings application segment accounts for the second-highest xx% revenue share contribution to the global 1 6-hexanediol market. This growth is driven by the high affinity of 1, 6-hexanediol towards the water. This expected to upsurge its adoption in paints, covering and glues, acrylics, and plasticizers among others. These profits are projected to enhance the demand and sales for coatings across the developing and developed economies in the global market.
Regional Insights:
The Maximize Market Research report offers a brief analysis of the major regions in the 1 6-hexanediol market, namely, Asia-Pacific, Europe, North America, South America, and the MEA. Among this region, Asia-Pacific was valued at USD xx Mn. in 2022 and is expected to reach USD xx Mn. by 2029 thanks to a rise in polyurethane production and growing demand for 1, 6-hexanediol from India, China, Japan and South Korea. The construction sector is expected to witness significant growth in the upcoming five years, because of huge investments in new infrastructure growths, new housing projects, and renovation of commercial and residential buildings in the Asian economies.

China is expected to lead the APAC 1 6-hexanediol market, with market size of US$ xx Mn in 2022. This growth is attributed to the growing penetration of new companies and the major presence of Chinese producers.
Key Development:
Key players in the 1, 6-hexanediol market have adopted various strategies to expand their global & regional presence and upsurge their market shares. Partnerships, M&A, agreements, and new product developments are some of the major strategies adopted by the global 1, 6-hexanediol market players, to achieve growth in the 1, 6-Hexanediol market globally.

For example, in Sept 2022, BASF SE Company publicized that it will upsurge its 1, 6-Hexanediol output possible at its Ludwigshafen Verbund site by over 50 % after start-up in 2022 The output volume of 1, 6-hexanediol will be above 70,000 metric tons yearly after this extension. In high-growth industries such as furniture, automobile, and packaging, 1, 6-Hexanediol created from the facility will be used.

The objective of the report is to present a comprehensive analysis of the Global 1, 6-Hexanediol Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global 1, 6-Hexanediol Market dynamics, structure by analyzing the market segments and projects the Global 1, 6-Hexanediol Market size. Clear representation of competitive analysis of key players by end-use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global 1, 6-Hexanediol Market the report investor’s guide.
1, 6-Hexanediol Market, Key Highlights:
Global 1, 6-Hexanediol Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global 1, 6-Hexanediol Market

1, 6-Hexanediol Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

This 1, 6-Hexanediol Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global 1, 6-Hexanediol Market are also profiled.
1, 6-Hexanediol Market Scope: Inquire before buying



1, 6-Hexanediol Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1054.8 Mn.


Forecast Period 2023 to 2029 CAGR:
7.9%
Market Size in 2029:
US $ 1796 Mn.


 Segments Covered:
by Raw Material
Cyclohexane
Adipic Acid


by Type
Polyurethane
Coatings
Acrylates
Adhesives
Polyester Resins
Plasticizers
Others resins



1, 6-Hexanediol Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:
1.LANXESS
2.BASF SE
3.Fushun Tianfu Chemicals Co. Ltd
4.Linshui Nanming Chemical Co., Ltd
5.Perstorp Holding AB
6.UBE Industries, Ltd
7.Shandong Yuanli Science and Technology Co., Ltd.
8.Prasol Chemical Ltd
9.Hefei TNJ Chemical Industry Co., Ltd
10.Zhengzhou Meiya Chemical Products Co., Ltd
11.Ube Industries
12.Hefei TNJ Chemical Industry Co., Ltd
13.Perstorp Holding AB
14.Technolog Co., Ltd. Perstorp Ab
15.Fushun Tianfu Chemicals Corp. Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Global 1, 6-Hexanediol Market?
Ans: Asia-Pacific region held the highest share in 2022.

2. What is the growth rate of Global 1, 6-Hexanediol Market?
Ans: The Global 1, 6-Hexanediol Market is growing at a CAGR of 7.9% during forecasting period 2023-2029.

3. What is scope of the Global 1, 6-Hexanediol market report?
Ans: Global 1, 6-Hexanediol Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global 1, 6-Hexanediol market?
Ans: The important key players in the Global 1, 6-Hexanediol Market are – LANXESS, BASF SE, Fushun Tianfu Chemicals Co. Ltd, Linshui Nanming Chemical Co., Ltd, Perstorp Holding AB, UBE Industries, Ltd, Shandong Yuanli Science and Technology Co., Ltd., Prasol Chemical Ltd, Hefei TNJ Chemical Industry Co., Ltd, Zhengzhou Meiya Chemical Products Co., Ltd, Ube Industries, Hefei TNJ Chemical Industry Co., Ltd, Perstorp Holding AB, Technolog Co., and Ltd. Perstorp Ab

5. What is the study period of this market?
Ans: The Global 1, 6-Hexanediol Market is studied from 2022 to 2029.