Hexylene Glycol Market Set to Witness an Uptick during 2017 - 2027

Global Hexylene Glycol Market: Introduction

Hexylene Glycol (HG) is an organic compound derived from acetone which has two alcohol functions. Hexylene glycol is a clear, colorless oily liquid with a characteristic order and it is fully miscible in water. Hexylene glycol is mainly used as solvent or coupling agent in many products such as metal working fluid, paints &coatings, skin care products, textiles & leather and many more. Another prime application of Hexylene glycol is as a chemical intermediate and it is used as a building block for chemical synthesis. It is manufactured in different grades depending upon the level of purity required for its application. For instance, Pharmaceutical Grade products are manufactured under appropriate controls for use as a raw material in pharmaceutical or biopharmaceutical production.

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Hexylene Glycol also finds its another application in oil and gas industry as a down hole lubricant for oil & natural gas fields and it is an ingredient in grinding and extrusion aids. Hexylene glycol is also employed as an antifreeze and as a coupling agent for hydraulic fluid. The above mentioned application in diverse sectors is expected to have a positive impact on the demand of hexylene glycol leading to the healthy growth of hexylene market during the review period.

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Global Hexylene Glycol Market: Market Dynamics

Hexylene glycol market is expected to have a significant growth over the forecast period owing to large number of applications both, commercially and industrially. The demand for hexylene glycol is primarily driven by increase in demand from growing paint and coating industry. Among the end use industries, industrial coatings segment is dominating the global hexylene glycol market, and this segment is expected to be the most attractive segment for hexylene glycol market with a bright prospect for the growth. Another key driver for the growth of hexylene glycol market is increasing use as a solvent or viscosity agent for consumer products like skin care products. Although, some agencies such as Food and Drug Administration (FDA) and Cosmetic Ingredient Review (CIR) have approved the use of hexylene glycol as solvent in skin care products, some studies have revealed that it is an irritant, which might slightly affect the growth of hexylene glycol market. Hexylene glycol market is relatively mature market hence provide relatively low opportunities for growth and development.

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