Press release
Overall Global 1,6 Hexanediol Market is foreseen to create at CAGR of 8.22% post 2022
Market Synopsis of 1, 6 Hexanediol Market:
Globally, the market for 1, 6 Hexanediol is growing at a CAGR of 8.22% during forecasted period (2016-2022). 1,6 Hexanediol with a molecular formula HOCH2 (CH2)4CH2OH. The properties of 1,6 Hexanediol are high porosity, good thermal stability, and good physical stability at high pressure, and polymer monoliths owing to these properties the application is diverse namely, polyurethane, paints & coatings, acrylics, adhesive, polyester resins, and unsaturated, plasticizers.
The market is anticipated to grow at faster pace due to polyurethane, 1,6 hexanediol is widely used in the manufacture of polyurethane, the application of polyurethane is vast namely in construction, electronics, automotive, furniture and many other industries. On the other hand, Asia-pacific are the major drivers of the market as the demand for 1,6 hexanediol is highest compared to other regions.
Segment Analysis:
1, 6 Hexanediol market is segmented into by application: polyurethane, paints & coatings, acrylics, adhesive, polyester resins, and unsaturated, plasticizers. 1, 6 Hexanediol is used in polyurethane, polyurethane had the largest market share in 2016 owing to rising energy conversation importance due to increasing cost along with shift in preference towards high efficiency and low GHG material. Paints & Coatings are the second largest segment in 2016, the market is anticipated to touch down in millions by 2022.
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The construction industry is anticipated to witness significant for the forecasted period , owing to huge investments in new infrastructure developments, new housing projects, and renovation/repaint of residential and commercial buildings in the U.S., China, India, Indonesia and Brazil. The demand for coatings in the Asia-Pacific region has increased significantly, and this trend is expected to continue in the near future. The coatings industry is moving towards consolidation as top coating players are acquiring other local and foreign players. Carlyle Group acquired DuPont to form Axalta, the decorative coatings business of Sherwin Williams being acquired by Berger Paints (India), and PPG's acquisition of AkzoNobel are examples of significant acquisitions that took place in the global 1,6-Hexanediol market.
Study Objectives of 1,6 Hexanediol Market
• To study detail of 1,6 Hexanediol market by application and by region in forecasted period 2022.
• To identify the market dynamics of 1,6 Hexanediol market dynamics by drivers, restrains, opportunities and challenges.
• To analyze various factors like value chain analysis and porters five forces model.
• To provide historical and forecast revenue of market segment with respect to North America, Europe, APAC and RoW.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track mergers and acquisitions, strategic alliances, new product development of specified company.
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Key Players
The key players in market includes
• BASF SE
• Ube Industries
• Perstop AB
• Lishui Nanming
• Shandong Yuanli Science and Technology Co.
• Fushun Tianfu Chemicals Co. Ltd.
• Lanxess Ltd.
Intended Audience
• Manufacturers and distributors of 1,6 Hexanediol.
• Suppliers and traders of 1,6 Hexanediol.
• Government, associations and industrial bodies.
• Investors and Trade experts.
• Consulting in chemical experts.
Regional Analysis
The largest consumer of 1,6 hexanediol is Europe by volume as well as revenue generation. Demand from Europe is followed by Asia Pacific and North America. Asia Pacific market is expected to exhibit the swiftest growth rate owing to the increased applicability and demand from end use industries. The fact that the manufacturing hub of the world is located in this region also drives the growth in Asia Pacific. India, China, Russia, and Brazil are expected to show persistent demand in the foreseeable future.
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Geographic Analysis
The report covers brief analysis of geographical region includes
North America
• US
• Canada
Europe
• Germany
• France
• Italy
• Netherlands
• U.K.
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• South America
• Middle East
• Africa
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