N-Hexyl Alcohol Market Top Key Players Sasol, Nanjing Chemical Material, Alfa Aesar, Haihang Industry, Yancheng Hongtai Bioengineering, Simagchem Corporation, Merck, Ecogreen Oleochemicals and Penta International

N-hexyl alcohol market for food & beverage industry was valued more than USD 325 million in 2016, which is likely to witness positive gains in the forecast spell. This is chiefly due to rising product use as an odor agent and to add flavor to variety of food products including fruit, vegetable and alcoholic beverage, etc. Furthermore, its application in producing additives for lubricants used in food processing machinery including, spray dryers, food grain machine, etc. Additionally, rising demand for packaging materials across food & beverage industry to package and wrap frozen, processed, dairy, bakery items, etc. will drive product demand and subsequently boost N-hexanol market, owing to its application as plasticizer precursor mainly in producing polyvinyl chloride-based material.

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Based on the end-user industry, N-hexanol market for pharmaceutical sector is likely to witness gains close to 4.0% by 2024. This is mainly due to widespread product use in the preparation of several medicines such as actomyosin adenosine triphosphatease. Furthermore, it is widely applicable as an intermediate in the production of antiseptics. Additionally, product is also used in conducting chromatography in pharmaceutical industry which is intended to separate chiral compounds. The above illustrated industry trends are probable to make notable influence on n-hexanol market from 2017 to 2024.

Strong growth trends in food & beverage, pharmaceutical and cosmetics industry primarily in Asia Pacific, mainly due to improving consumer spending power will subsequently boost demand for packaging material and will thus positively influence to the global N-hexyl alcohol market size by 2024. Product is widely applicable as plasticizer precursor for manufacturing wrapping material, such as polyvinyl chloride which is usually used for packaging medicines, personal care and food products.

High product cost along with presence of numerous product alternatives in the industry is probable to hamper the overall N-hexyl alcohol market size by 2024. Product alternatives such as N-undecanol; N-octanol, N-decanol, etc. are available in the industry and possess similar properties and are thus used as odor agent, chemical intermediate, etc. For example, N-decanol is a linear chain fatty alcohol, which is colorless and has a strong odor. It is also used as plasticizer for manufacturing various kinds of plastics. It is used as additive in lubricants and as a chemical intermediate for several industrial reactions which has the potential of hampering the N-hexanol market size by 2024.

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N-hexyl Alcohol Market, End-user by Application
o Chemical
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others
o Food & beverage
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others
o Personal care
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others
o Pharmaceutical
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others
o Others
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others

N-hexyl Alcohol Market by Application
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others

N-hexyl Alcohol Market, End-user by Application
o Chemical
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others
o Food & beverage
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others
o Personal care
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others
o Pharmaceutical
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others
o Others
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others

N-hexyl Alcohol Market by Application
o Plasticizer precursor
o Chemical intermediate
o Odor agent
o Inert ingredient
o Lubricant additive
o Others

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North America N-hexanol market size constituted a major chunk of the overall business size and accounted for more than 40% of the total market share in 2016. It is primarily due to well established pharmaceutical, food and personal care industry in the region. According to International Trade Administration (ITA), total healthcare expenditure in the U.S. in 2016 was approximately USD 3 trillion, which accounted for 17.4% of the country’s GDP. Product use as a chemical intermediate in medicine and drugs manufacturing is poised to witness rise considering the U.S. pharma industry growth over the forecast period which will make significant additions to N-hexyl alcohol market size by 2024.

Prominent players in the N-hexyl alcohol market share contributed more than 25% of the total industry share in 2016. Major product manufacturers are Alfa Aesar, Sasol, Yancheng Hongtai, Merck, Ecogreen Oleochemicals, Haihang, Nanjing Chemical & Penta International. Few of market share contributors are making substantial outlay in R&D to gain edge above other potential players. For example, Ecogreen Oleochemicals has successfully finished the extension in its fatty alcohol production facility in 2014 in Indonesia.

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