1-hexene is a prominent C6 hydrocarbon which has high commercial value in the polymer industry. A number of refining options are being adopted by the industry to extract revenue potential in the 1-hexene market. Two major methods used in manufacturing are oligomerization of ethylene and dehydration of hexanol, notably HTFT hexene fractions. The chemical industry finds high commercial value in the first process, the reason having to do with the attractive yield. The dehydration of hexanol is still used sparingly in the chemical industry.
Advances made in technologies in olegomerization of ethylene are shaping the contours of the 1-hexene market. Efforts are being made to improve the yield and reduce the production cost, expanding the avenues for chemical and end-use companies. Some of the key applications of the chemical are in the manufacturing of flavors, perfumes and dyes. A large revenue also comes from the utilization of 1-hexene in polyethylene. In recent years, the entry of players who focus on price-sensitive consumers have substantially changed the course of growth of the 1-hexene market.
The report on the 1-hexene market presents a detailed assessment of the buyer’s needs and changing end-use industries’ demands, share and size of key regions, and adoption rate of new technologies. The study also presents a data-enabled scrutiny of emerging technology trends and major research and development activities during the forecast period.
Strides being made in the polymer sector in several economies around of the world are propelling the expansion of the 1-hexene market. Expanding application of polyethylene has spurred the prospects in the 1-hexene market, as the derived demand will come into action. A new avenue that is emerging as a potential revenue stream is in specialty chemicals. Rise in utilization of 1-hexene in the making of HDPE and LDPE is a key trend boosting the prospects in the 1-hexene market. Further, growing avenues in the agriculture and packaging sector are fueling the generation of opportunity for chemical companies.
One key impediment for manufacturers in the 1-hexene market is the large price fluctuations. While companies might circumvent the challenge by ensuring long-term deals and contracts with suppliers. Regulations also sometimes pose restraint to the expansion of opportunity, particularly those with respect to the polymer manufacturing. The growth of the 1-hexene market has also hit some snags due to the adoption of alternative products.
The 1-hexene market’s competitive contours are shaped increasingly by new and existing suppliers’ contracts and expansion strategies. A growing number of players are leaning on ensuring a steady supply of raw materials and to this end are entering into new contracts, especially in developed markets. Further, top players are constantly making sizable investments to expand the production units. Chemical companies eyeing opportunity from the I-hexene market are also keen on conducting research in chemical reactions that can improve the yield of the chemical. In addition, new entrants are looking for new application areas to gain from early-mover advantage.
Geographically, 1-hexene market is witnessing incredible opportunities in Asia Pacific. In particular, the regional market has seen increased interest in China and India, where chemical companies producing 1-hexene and end-use industries are benefitting from the economies of scale. Also, Europe and North America are promising markets. However, regulatory frameworks in Europe have been so favorable, and has restrained the expansion of opportunity in this region.