1,6-Hexanediol Market has a fast growth pace in the global market, which is mainly driven by the demand from the end use industries such as the core chemical component for the make of coatings, and PU. The 1,6-Hexanediol Market is expected to reach a total of USD 1204.04 Million by the end of 2023 with a 7.46 % CAGR.
The size of the Global Market was around USD 840.25 Million by revenue, at the end of 2018. It is expected to grow at a CAGR of 7.46 % to reach close to USD 1204.04 Million by the end of the forecast period.
1,6-Hexanediol Market Drivers and Restraints:
The sole reason mainly drives the global market that 1,6-Hexanediol is a core raw product in the manufacturing of many chemicals such as Acrylates, Adhesives, coatings, PU, and others. However, the market concentration in regions like Europe and the Asia Pacific makes the global market expansion highly unlikely.
1,6-Hexanediol Market Segmentation Analysis:
By Application
Based on the application of the 1,6-Hexanediol, the global market is segmented into Coatings, Polyester Resins, Polyurethanes, Adhesives, Plasticizers, Acrylates, and Others. Among the mentioned applications, the coatings and Polyurethanes segments are the fastest growing segments and are expected to have the largest market share in the proposed forecast period. The growth is mainly due to the demand from the end-user industries as they are highly dependent 1,6-Hexanediol as their core ingredient for their end product production.
1,6-Hexanediol Market Geographical Analysis:
By geography, the market is segmented as Latin America, Europe, Asia Pacific, North America, and Middle-East & Africa. Europe is in the lead of the global market in the year 2018. The presence of a considerable customer base in and around this region is helping in the growth of the 1,6-Hexanediol Market in this region. However, this region is only the third fastest growing region in the global market in the projected forecast period.The Asia Pacific region holds the next most significant share of the Global 1,6-Hexanediol Market in the year of 2018, in terms of value and volume. The regional advantages offered in this region, such as ease of company setup, cheap resources, and a large number of the skilled population are the major reasons for the fast-emerging industries in this region, hence the region’s position in the global market. Also, the fast-developing economies like India, Japan, and China are the main reason for the developing regional market. These reasons make this region the fastest growing regional market in the proposed forecast period.North America is next in the lead of the Global 1,6-Hexanediol Market by both value and volume, as of 2018. The situation of many key market players in this region with well-established infrastructure is the main reason for its market position. This region is only the second fastest growing region in the Global 1,6-Hexanediol Market, following the Asia Pacific.On the other hand, the Middle East & Africa and Latin America regions, being in the slow developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.
1,6-Hexanediol Market Key Market Players:
By the end of 2018 Perstorp AB (Sweden), Lanxess Aktiengesellschaft (Germany), Ube Industries, Ltd. (Japan), Fushun Tianfu Chemicals Co., Ltd. (China), Lishui Nanming (China), Shandong Yuanli Science and Technology Co., Ltd. (China), BASF SE (Germany) among others are the leading shareholders of the global market for 1,6-Hexanediol Market. There is a constant competition between these companies regarding the pricing and quality of the product.
1,6-Hexanediol Market Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Application
5.1.1 Introduction
5.1.2 Polyurethanes
5.1.3 Coatings
5.1.4 Acrylates
5.1.5 Adhesives
5.1.6 Polyester Resins
5.1.7 Plasticizers
5.1.8 Others
5.1.9 Y-o-Y Growth Analysis, By Application
5.1.10 Market Attractiveness Analysis, By Application
5.1.11 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Perstorp AB
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Lanxess Aktiengesellschaft
8.3 Shandong Yuanli Science and Technology Co., Ltd.
8.4 BASF SE
8.5 Lishui Nanming
8.6 Ube Industries, Ltd.
8.7 Fushun Tianfu Chemicals Co., Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
