Hexylene Glycol Market Size, Strategies and Opportunities Forecast 2022-28

According to Precision Business Insights (PBI), the latest report, the Hexylene Glycol market is expected to be valued at USD 242.1 million in 2022 and is poised to grow at a significant CAGR of 3.4% over 2022-2028. The primary driver of the expansion of the global Hexylene Glycol market is the increasing application of hexylene glycol as a key solvent in paints & coatings, industrial cleaners, and households as well as with existing applications in several sectors that as personal care and cosmetics industry as a surfactant, emulsifier, and viscosity reducing agent.

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Paint & Coating Industry to Dominate the Hexylene Glycol Market:
The paint & Coating Industry segment is expected to account for a larger revenue share in the global hexylene glycol market, in the coming few years. By end use, the paints & coatings industry is estimated to account for a maximum consumption share worldwide. Rising demand for paints and coatings is anticipated to have catalyzed the hexylene glycol market growth throughout the forecast period. Hexylene glycol is used as a solvent in the paint and coating industry. The paints and coatings market is projected to expand at a robust rate during the forecast period, owing to the development and rising of the construction sector and automotive sector across the globe. Thus, these wide applications will surely boost the hexylene glycol market demand in the upcoming years.

North America Hexylene Glycol Market:
North America is expected to lead the global hexylene glycol market over the forecast period. Hexylene glycol demand is expected to lead by this region during the forecast period, owing to the growing use of cosmetics products, and personal care. North America is valued to be one of the key markets for cosmetics, due to frequent launches and promotion of new products in cosmetics. The expansion of various industries in this developed region surely increases the demand for this product and would expect to dominate the hexylene glycol market globally. The Asia Pacific is also witnessed to have progressive growth in the forecasted period by increasing the number of various industries like pharma and chemical industries day by day.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global hexylene glycol market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The hexylene glycol market is segmented based on grade, application, end-user, and geography.
Based on the grade, the market is segmented into the following:
• Pharmaceuticals
• Industrial

Based on the application, the market is segmented into the following:
• Solvent
• Antifreeze
• Chemical Intermediate
• Others

Based on the end user, the market is segmented into the following:
• Chemicals
• Paints & Coatings
• Leather & Textile
• Oil & Gas
• Constructions
• Drugs
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the Hexylene Glycol market report are Monument Chemicals, Inc., Arkema Group, BASF SE, Lonza Group AG, Bax Chemicals B.V, Solventis Ltd., Finar Limited, Lanxess AG, Prasol chemicals Ltd., and Solvay S.A.

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