Press release
1,2 Hexanediol (CAS 6920-22-5) Market to Witness Robust Expansion by 2023
1,2 Hexanediol is colorless transparent liquid with mild sweet flavor. It is soluble in water, ethanol, ether, and low-carbon aliphatic hydrocarbons. It can be used as solvents, spices, medical disinfectants.
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Global 1,2 Hexanediol (CAS 6920-22-5) Market: Forecast by Type / Application / Region
In consumption market, the Growth Rate of global consumption is smooth relatively. Europe and USA is still the main consumption regions due to the advanced production technology and rapid development of economy and the shares are 27.03% and 41.52% in 2016, respectively.
There are two major classfications of 1,2 Hexanediol, Pharmaceutical Grade and Chemical Grade. Chemical Grade is the major classfication which account for 65.30% in 2016. 1,2 Hexanediol can be widely used in Cosmetic, Ink, Medicine and Others. Survey results showed that Medicine is the major consumption of 1,2 Hexanediol, which accounts for 34.89% in 2016. Due to the development of economy and its unique characteristics, in particular it’s no harm to people’s health, these industries will need more 1,2 Hexanediol. So, 1,2 Hexanediol has a huge market potential in the future.
The major raw material for 1,2 Hexanediol is 1-Hexene and Formic acid. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of 1,2 Hexanediol industry.
Over the next five years, LPI(LP Information) projects that 1,2 Hexanediol (CAS 6920-22-5) will register a 5.2% CAGR in terms of revenue, reach US$ 54 million by 2023, from US$ 40 million in 2017.
Global 1,2 Hexanediol (CAS 6920-22-5) Market: Key Players
Solvay
Celanese
Eastman
Penta
CM
Chungdo
TNJ
KIGA
Kowa
Sabinsa
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Related Information:
United States 1,2 Hexanediol (CAS 6920-22-5) Market Research Report 2018
Europe 1,2 Hexanediol (CAS 6920-22-5) Market Research Report 2018
North America 1,2 Hexanediol (CAS 6920-22-5) Market Research Report 2018
Asia-Pacific 1,2 Hexanediol (CAS 6920-22-5) Market Research Report 2018
China 1,2 Hexanediol (CAS 6920-22-5) Market Research Report 2018
EMEA 1,2 Hexanediol (CAS 6920-22-5) Market Research Report 2018
Global 1,2 Hexanediol (CAS 6920-22-5) Market Research Report 2018
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