Press release
Hexylene Glycol Market Overview by Rising Demands and Scope 2023 to 2031 | Arkema Group, Solventis Ltd., SOLVAY S.A., Monument Chemicals, Inc., DowDuPont
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Key Trends
The key trends in hexylene glycol technology are the development of more efficient production methods and the use of hexylene glycol in new applications.
The most significant development in hexylene glycol production has been the introduction of catalytic methods. These methods have significantly reduced the energy and water requirements of hexylene glycol production, and have also eliminated the need for hazardous chemicals such as sulfuric acid.
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Key Drivers
The Hexylene Glycol market is driven by a number of factors. Firstly, the increasing demand for Hexylene Glycol from a range of industries including paints and coatings, adhesives, inks, and cleaners is driving the market growth. Secondly, the favorable properties of Hexylene Glycol including its low toxicity, low freezing point, and high boiling point are making it an attractive choice for a range of applications. Thirdly, the growing demand for bio-based Hexylene Glycol is driving the market growth as it is seen as a more sustainable option. Lastly, the increasing number of regulations regarding the use of traditional solvents is also driving the market growth as Hexylene Glycol is seen as a more environmentally friendly option.
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Market Segments
The Hexylene Glycol Market is segmented on the basis of grade, application, end-user, and region. On the basis of grade, the market is segmented into pharmaceuticals, industrial, and others. According to the application, the market is classified into solvent, chemical intermediate, antifreeze, and others. According to the end-user, the market is classified into construction, oil and gas, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Hexylene Glycol Market report includes players such as Arkema Group, Solventis Ltd., SOLVAY S.A., Monument Chemicals, Inc., DowDuPont, BASF SE, Lonza Group, FINAR Ltd., LANXESS, and Prasol Chemicals Ltd.
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