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1,6 Hexanediol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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1,6 Hexanediol Market: Overview

1,6 hexanediol market has witnessed high growth along with its end use markets such as polyurethane, coatings and acrylates among others over the last few years. The compound has made significant progress with the end use industries which is helped by the fact that 1,6 hexanediol can be customized in order to suit the standards and safety requirements of the end use product. 1,6 hexanediol is basically a colorless crystalline solid with high affinity towards water.

The main applications of 1,6 hexanediol are in the production of polyurethanes, acrylates, coatings, adhesives, plasticizers, and unsaturated polyester resins among others. Polyurethane, acrylic and coating applications account for the lion’s share of the global demand. One of the primary drivers of this market is the demand generated from the emerging countries in the Asia Pacific region. China and India in particular witnessed significant growth in the demand for 1,6 hexanediol over the past few years. Majority of the demand is generated from polyurethanes, which is one of the most versatile polymers in existence in the market.

Polyurethanes are available in the market in varied forms and find a host of end-use applications. It is available as flexible or rigid foams as well as stiff and robust elastomers and are used in a wide range of end use industries such as insulation industry, electronics industry, and construction industry among some others. The high demand for different grades of polyurethane results in the indirect demand for its upstream chemical which is 1,6 hexanediol. Research and development is highly imperative for 1,6 hexanediol market as new applications such as UV curable resins, epoxy resins system and alkalyd resins are potentially huge markets and can drive the market in the future.

1,6 Hexanediol Market: Drivers and Trends

The impending technological advancements, and development of bio based raw materials are expected to influence the growth of the 1,6 hexanediol market. However, there are a few restraints to the 1,6 hexanediol market. Storage and transportation is a major challenge for this chemically active substance. 1,6 hexanediol is highly hygroscopic in nature and measures need to be taken in order to minimize its interaction with air or moisture. Temperature of the product should be maintained between 55°C and 70°C at all times to optimize its utility. 1,6 hexanediol has been found to exhibit low toxicity and proper precautions need to be undertaken while handling the chemical. It causes eye irritation and diffuse opacity of cornea upon contact with eyes. Vapors or dust of 1,6 hexanediol also causes respiratory tract irritation. Proper protective garments should be worn by people handing the substance so as to minimize skin contact.

1,6 Hexanediol Market: Regional Insight

The largest consumer of 1,6 hexanediol is Europe by volume as well as revenue generation. Demand from Europe is followed by Asia Pacific and North America. Asia Pacific market is expected to exhibit the swiftest growth rate owing to the increased applicability and demand from end use industries. The fact that the manufacturing hub of the world is located in this region also drives the growth in Asia Pacific. India, China, Russia, and Brazil are expected to show persistent demand in the foreseeable future.

Some of the major companies who are involved in the manufacturing of 1,6 Hexanediol are BASF SE (Germany), Ube Industries (Japan), Perstop AB (Sweden), Fushun Tianfu Chemicals Co., Ltd. (China), Lanxess (Germany), and Lishui Nanming (China) among many others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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