N-Hexyl Alcohol Market Growth Analysis | 2023-2028

Market Insights

The n-hexyl alcohol market was estimated at USD 1.4 billion in 2022 and is likely to grow at a CAGR of 4.24% during 2023-2028 to reach USD 1.79 billion in 2028.

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Market Dynamics

Introduction

N-hexyl alcohol, chemically represented as C6H13OH, is a colorless liquid with a mild odor. Also known as hexanol, it is an aliphatic alcohol characterized by a straight six-carbon chain. This chemical compound finds applications in various industries, including the production of flavors, fragrances, and pharmaceuticals. Known for its ability to dissolve in both water and organic solvents, N-hexyl alcohol is utilized as a solvent and in the synthesis of diverse chemicals. Its versatility extends to roles in the manufacturing of plasticizers, detergents, and other industrial processes, making it a valuable component in several applications.

Market Drivers

The major factors driving the growth of the n-hexyl alcohol market are:

• The growing food & beverage industry in emerging economies.
• Rapid growth in the personal care industry in Asia-Pacific.
• The rising pharmaceutical industry in North America.

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Key Players

Some of the key players in the market are:

• Alfa Aesar
• Chengdu Yanxi Chemical Co.
• Eco-green Oleochemicals
• Haihang Industry Co., Ltd.
• Merck & Co., Inc.
• Nanjing Chemical Material Co., Ltd.
• Penta International Corporation
• Sasol Limited
• Sisco Research Laboratories Pvt. Ltd.
• TCI Chemicals Pvt. Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By End-User Type

Based on the end-user type, the market is segmented as chemical, food & beverage, personal care, pharmaceutical, and others. The chemical segment is estimated to account for the major share of the market during the forecast period on account of its wide range of applications such as lubricant additives, inert ingredients, and chemical intermediates, fueling the segment growth.

By Application Type

Based on the application type, the market is segmented as plasticizer precursor, chemical intermediate, odor agent, inert ingredient, lubricant, and others. Plasticizer precursor is estimated to witness rapid growth in the market over the forecast period owing to its extensive utilization in producing wrapping material across various end-user industries including food & beverage, pharmaceutical, and personal care industries.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market on account of increasing socio-economic factors, resulting in an increased growth rate of the personal care, food & beverages, and pharmaceutical industries in the regional market during the forecast period. Moreover, Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects n-hexyl alcohol market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The n-hexyl alcohol market is segmented into the following categories.

By End-User Type

• Chemical
• Food & Beverage
• Personal Care
• Pharmaceutical
• Others

By Application Type

• Plasticizer Precursor
• Chemical Intermediate
• Odor Agent
• Inert Ingredient
• Lubricant
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the end-user types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.