1,2-Hexanediol Market Expected to Surge to $157.3 Million by 2031 | BASF SE, Solvay, Celanese Corporation, Eastman Chemical Company

The 1 2 Hexanediol Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global 1 2 Hexanediol market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global 1,2-Hexanediol Market reached US$ 102.5 million in 2023 and is expected to reach US$ 157.3 million by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.

1,2-Hexanediol is an organic compound and a type of diol, meaning it has two hydroxyl (-OH) groups. Its chemical formula is C6_66​H14_{14}14​O2_22​. This compound is commonly used in cosmetic and skincare formulations as a humectant, moisturizer, and emollient, helping to keep skin hydrated by drawing in moisture. Additionally, 1,2-hexanediol has antimicrobial properties, making it effective as a preservative to extend the shelf life of products by inhibiting the growth of bacteria and fungi. It's considered to be safe and is well-tolerated in most formulations.

Key Developments:

❁ In recent years, there have been several significant expansions in the production and availability of 1,2-hexanediol and similar compounds in the cosmetics and chemical industries:

Symrise Expansion: In November 2022, Symrise introduced Hydrolite® 6 green, an innovative version of 1,2-hexanediol. This 6-carbon 1,2-alkanediol is marketed as the first "green" 1,2-hexanediol, highlighting its sustainable production methods. It's aimed at cosmetics formulations, offering both effective moisturization and eco-friendly appeal.

BASF Production Increase: In 2018, BASF announced plans to expand its manufacturing capacity for hexanediol by over 50% at its Ludwigshafen Verbund site. This increase supports rising demand across various industries, including cosmetics, coatings, and adhesives.

LANXESS Production Boost: LANXESS has also increased its production capacity for 1,6-hexanediol at its Uerdingen facility in Germany. This expansion allows LANXESS to serve the growing global market, particularly for applications in high-performance coatings and adhesives.

List of the Key Players in the 1 2 Hexanediol Market:

BASF SE, Solvay, Celanese Corporation, Eastman Chemical Company, Hefei TNJ Chemical Industry Co.,Ltd., CHUNGDO FINE CHEMICAL CO LTD, Sabinsa Corporation, Kowa Europe, Knowde and Saiper Chemicals Pvt Ltd.

Research Process:

Both primary and secondary data sources have been used in the global 1 2 Hexanediol Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the 1 2 Hexanediol Market:

By Type: Pharmaceutical Grade, Chemical Grade, Others

By Source: Bio-based 1,2-Hexanediol, Petrochemical-based 1,2-Hexanediol

By End-User: Cosmetic & Personal Care, Inks & Coatings, Medicine, Adhesives, Others

Regional Breakout:

The global 1 2 Hexanediol Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global 1 2 Hexanediol Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The 1 2 Hexanediol Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

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