Hexylene Glycol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

Hexylene Glycol Market: Overview

Hexylene glycol is a colorless organic compound, which is also known as 2-Methyl-2,4-pentanediol (MPD). Hexylene glycol is viscous in nature and miscible with fatty acids, organic solvents, and water. It is manufactured utilizing diacetone alcohol through the hydrogenation process. Hexylene glycol possess various characteristic properties such as low volatility, high viscosity, and high emulsion-stabilizing properties. It is used as an emulsifying agent or surfactant in various applications such as cosmetics and personal care, antifreeze solutions, industrial and household cleaners, and industrial solvents. Additionally, hexylene glycol is also used in coating applications as a component in varnishes, lacquers, printing inks, and water- and oil-based paints. It is used as a solvent in dye preparation, inert ingredient in pesticide formulation, coupling agent in hydraulic fluids, and anti-caking agent in the cement formulation process. Hexylene glycol finds application as a setting agent in the manufacture of textiles and as an intermediate for synthesis of agrochemicals and pharmaceuticals.

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Hexylene Glycol Market: Trends & Demands

Rise in demand for an emulsifier, viscosity-reducing agent, and surfactant in cosmetics and personal care products. This, in turn, is driving the global hexylene glycol market. Hexylene glycol helps in emulsifying oils and fats and suspends dirt & oil in skincare formulations. Hexylene glycol is being used as a viscosity-reducing agent, as it creates thinner formulations by reducing the layer of heavy formulations. These factors are expected to boost the demand for hexylene glycol during the forecast period. Hexene glycol, if added in high concentration in skincare formulations, can cause skin and eye irritation. Furthermore, hexylene glycol’s airborne exposure limit is 25 ppm, if this limit is exceeded, it can irritate the nose and throat and cause coughing and wheezing. These factors are anticipated to hamper its sales during the forecast period. Rising demand for hexylene glycol in paints & coatings and hydraulic fluids is likely to create opportunities for hexylene glycol manufacturers.

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Hexylene Glycol Market: Key Segments

The global hexylene glycol market can be segmented in terms of functionality, application, grade, and region. Based on grade, the market can be bifurcated into industrial and pharmaceutical. The industrial segment dominates the market due to its high demand from cosmetics & personal care, paints & coatings, textile, and hydraulic fluid applications. In terms of functionality, the hexylene glycol market can be segregated into viscosity reducing agents, emulsifying agents, and surfactants. Based on application, the market can be classified into chemical intermediates, antifreeze, and solvents. Chemical intermediates and solvents segments are projected to expand at a significant pace due to rapid industrialization and urbanization in developing economies such as China, India, and Brazil.

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Hexylene Glycol Market: Regional Outlook

In terms of region, the global hexylene glycol market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a leading consumer of hexylene glycol, followed by Europe and Asia Pacific. Improving economic conditions in the U.S. and growth of end-use industries such as oil & gas, chemical, and paints & coatings are boosting the market in the region. Rise in construction activities in developing countries of Asia Pacific such as China, India, Vietnam, and Indonesia is fueling the demand for paint & coatings. This, in turn, is propelling the hexylene glycol market in the region. Increase in requirement for hydraulic fluids from the automotive sector in countries such as Germany, France, and the U.K. is estimated to boost the demand for hexylene glycol significantly in Europe during the forecast period.

Hexylene Glycol Market: Key Players

Key players operating in the global hexylene glycol market include BASF SE, Solvay S.A, DowDupont, Arkema Group, Solventis Ltd, Monument Chemicals, Inc., Lonza Group, Lanxess, Finar Limited, and Prasol chemicals Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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