Market Insights
1,6-Hexanediol is basically an organic compound that is colorless and a water-soluble solid. It’s a raw material for polyurethane coatings, polycarbonatediol resins, and polyester resins and is majorly utilized to produce industrial polyester and polyurethane.
Increasing utilization of 1,6-hexanediol in various applications, such as coatings, acrylates, and polyester resins, is expected to be the major factor driving the growth of the market during the forecast period. Overall, the 1,6-Hexanediol market is likely to rebound at a promising CAGR of 7.6% in the long run.
Segments' Analysis
Application Trends
The market is segmented into polyurethane, coatings, acrylates, adhesives, polyester resins, plasticizers, and others. Polyurethane is expected to account for the major share of the market during the forecast period. The major factor fueling the segment’s growth is the demand for its sub-applications or derivatives, such as thermoplastic polyurethane elastomers, coatings, and foams, across various regions.
Regional Analysis
Asia-Pacific is estimated to be the fastest-growing region in the market during the forecast period, with China, Japan, South Korea, and India being the major growth engines of the region. Factors such as the growing construction industry and rising demand for 1,6-hexanediol from the key countries in the region are expected to fuel the regional market growth over the forecast period.
The 1,6-hexanediol market is segmented into the following categories:
By Application Type
- Polyurethanes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Acrylates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Polyester Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plasticizers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Italy, Spain, Russia, The Netherlands, Belgium, Turkey, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, South Korea, Singapore, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, South Africa, Saudi Arabia, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the 1,6-hexanediol market. Most of the major players are providing complete profile systems including profile seals.
- BASF SE
- Fushun Tianfu Chemicals Co., Ltd.
- Lanxess AG
- Linshui Nanming Chemical Co., Ltd.
- Perstorp Holding AB
- UBE Industries, Ltd.
- Shandong Yuanli Science and Technology Co., Ltd.
- Prasol Chemical Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- Zhengzhou Meiya Chemical Products Co., Ltd.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s 1,6-hexanediol 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, Product 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 existing and new players.
- Key success factors.
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 three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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