Global 1,6-Hexanediol Market Research Report And Predictive Business Strategy By 2026 | Industry Growth Insight | BASF SE, UBE Industries Ltd, Perstop, Fushun Tianfu Chemicals Co., Ltd., Laxness, Lishui Nanming Chemical Co., Ltd

The market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are kept into focus while producing this Global 1,6-Hexanediol Market report. It also describes all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market with the systemic company profiles. The Global 1,6-Hexanediol Market report makes an organization armed with information produced by sound research methods.

What is more, this Global 1,6-Hexanediol Market report underlines various strategies that are used by top market players in the 1,6-Hexanediol industry. The use of well-established tools such as SWOT analysis and Porter’s Five Forces analysis are very useful in creating such a superior Global 1,6-Hexanediol Market research report. All the market insights of Global 1,6-Hexanediol Market research report will lead to actionable ideas and better decision-making. This gives more precise understanding of the market landscape, issues that may affect the industry in the future, and how to best position specific brands.

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Market Definition: Global 1,6 Hexanediol Market 

1,6 hexanediol is a colorless crystalline solid with high affinity towards water. The 1,6 hexanediol has made a significant progress with the end-use industries which is helped by the fact that 1,6 hexanediol can be customized in order to suit the standards and safety requirements of the final product. The latest trend in this market is high demand for 1,6 hexanediol in Asia-Pacific from the wind energy sector. Manufacturing of end products such as polyurethanes, coatings, acrylates, adhesives, polyester resins, and plasticizers have witnessed an increase in demand for 1,6 hexanediol, which is expected to be the major driver over the forecast period.

Market Analysis: Global 1,6 Hexanediol Market 

Global 1,6 hexanediol market is estimated to reach USD 1525.16 million with a substantial CAGR of 7.5% by the end of 2026. This rise in market value can be attributed due to wide applications of end products, growth in wind energy sector.

Market Drivers:

Swift Growth for 1,6-Hexanediol in the Asia-Pacific region

Growing demand from the wind energy sector is driving the market growth

Base for manufacturing of other chemical compounds such as polyurethanes, coatings, acrylates, adhesives is driving the market

Market Restraints:

Volatility in raw material prices is acting as restraint for the market

Availability of substitutes such as butendiol and pentanediol is one of the restraints of the market

Transportation and storage is one of the restraints for the market

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Competitive Analysis: Global 1,6 Hexanediol Market 

Global 1,6 Hexanediol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of 1,6 Hexanediol market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global 1,6 Hexanediol Market 

Few of the major competitors currently working in the 1,6 Hexanediol market are BASF SE, UBE Industries Ltd, Perstop, Fushun Tianfu Chemicals Co., Ltd., Laxness, Lishui Nanming Chemical Co., Ltd, Prasol Chemicals Pvt. Ltd, TCI Chemicals Pvt. Ltd, Shandong Yuanli Science And Technology Co., Ltd, Parchem Fine & Speciality Chemicals, Lok Chemicals Private Ltd, Leo Chemo Plast Pvt Ltd, Better international chemical Ltd, BSM Chemical Co., Ltd, Vapoor Chemicals, The Chemicals Company, Molychem, Atomaxchem, Leputech and others.

Key Developments in the Market:

In June 2017, BASF increased the prices of its products such as 1,6 hexanediol in response to increase in demand which eliminated many small Chinese players from the market

In April 2017, Lanxess plans to expand its production facility of 1,6 Hexanediol at Krefeld-Uerdingen site to meet global market demand

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Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key Market players involved in this industry

Detailed analysis of the Market Segmentation

Competitive analysis of the key players involved

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