1,6-Hexanediol Market was around USD 900.25 Million in revenue, at the end of 2022. It is expected to grow at a CAGR of 9.46 % to reach close to USD 1204.04 Million by the end of the forecast period 2023-2028
1,6-Hexanediol Market Drivers and Restraints:
The sole reason mainly drives the global market is 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 global market expansion highly unlikely.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
9.46 % |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
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) |
1,6-Hexanediol Market By Application:
Coatings
Polyester Resins
Polyurethanes
Adhesives
Plasticizers
Acrylates
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.
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa
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 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 the slow-developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.
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