Press release
Worldwide 1, 6 Hexanediol Market is growing at a CAGR of 8.22% during forecasted period (2016-2022)
Global 1,6 Hexanediol Market
Key Players and Competition Analysis
The key players in market includes BASF SE, Ube Industries, Perstop AB, Lishui Nanming, Shandong Yuanli Science and Technology Co., Fushun Tianfu Chemicals Co., Ltd., Lanxess, Ltd. and others.
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Segmentation Analysis
1, 6 Hexanediol market is segmented into by application: polyurethane, paints & coatings, acrylics, adhesive, polyester resins, and unsaturated, plasticizers. 1, 6 Hexanediol is used in polyurethane, polyurethane had the largest market share in 2016 owing to rising energy conversation importance due to increasing cost along with shift in preference towards high efficiency and low GHG material. Paints & Coatings are the second largest segment in 2016, the market is anticipated to touch down in millions by 2022.
The construction industry is anticipated to witness significant for the forecasted period, owing to huge investments in new infrastructure developments, new housing projects, and renovation/repaint of residential and commercial buildings in the U.S., China, India, Indonesia and Brazil. The demand for coatings in the Asia-Pacific region has increased significantly, and this trend is expected to continue soon. The coatings industry is moving towards consolidation as top coating players are acquiring other local and foreign players. Carlyle Group acquired DuPont to form Axalta, the decorative coatings business of Sherwin Williams being acquired by Berger Paints (India), and PPG's acquisition of AkzoNobel are examples of significant acquisitions that took place in the global 1,6-Hexanediol market.
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Regional Analysis
The largest consumer of 1,6 hexanediol is Europe by volume as well as revenue generation. Demand from Europe is followed by Asia Pacific and North America. Asia Pacific market is expected to exhibit the swiftest growth rate owing to the increased applicability and demand from end use industries. The fact that the manufacturing hub of the world is in this region also drives the growth in Asia Pacific. India, China, Russia, and Brazil are expected to show persistent demand in the foreseeable future.
Market Scope
The market is anticipated to grow at faster pace due to polyurethane, 1,6 hexanediol is widely used in the manufacture of polyurethane, the application of polyurethane is vast namely in construction, electronics, automotive, furniture and many other industries. On the other hand, Asia-pacific are the major drivers of the market as the demand for 1,6 hexanediol is highest compared to other regions.
Browse the market data and information spread across 125 pages with 26 data tables and 09 figures of the report “Global 1,6 Hexanediol Market Research Report- Forecast to 2022” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/1-6-hexanediol-market-2434
Industry News
April 2017 –Lanxess invest EUR 100 million in its intermediates production expansion. Advanced Industrial Intermediates, the business segment of Lanxess is expanding production facility and is expected to complete by 2020. Around EUR 40 million is expected to be invested in Leverkusen and Krefeld-Uerdingen sites. At the Krefeld-Uerdingen site, company plans to expand production facility of trimethylolpropane, hexanediol, benzylalcohol and menthols to meet demand of the global market.
June 2017 – BASF has increased prices of polyalcohol’s including 1,6-Hexanediol (HDO), Neopentylglycol (NPG) and Trimethylolpropane (TMP) owing to rise in demand across end use industries. The anti-dumping measures taken by developed countries has put pressure on small regional players from Chinese market to maintain prices equality.
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