1,6-Hexanediol Market Analysis | 2023-2028

"The 1,6-Hexanediol Market is likely to grow at a promising CAGR of 7.6% during the forecast period". 

Market Dynamics

Introduction

1,6-Hexanediol is a colorless, water-soluble organic compound. It’s a raw material for polyurethane coatings, polycarbonate diol resins, and polyester resins and is majorly utilized to produce industrial polyester and polyurethane.

Market Drivers

The 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 market's growth during the forecast period.  

Segments Analysis

By Application Type

“Polyurethane is expected to account for the major share of the market during the forecast period”.

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 demand for sub-applications or derivatives, such as thermoplastic polyurethane elastomers, coatings, and foams, is fueling the segment's growth across various regions.

Regional Analysis

“Asia-Pacific is estimated to be the dominant and fastest-growing region in the market during the forecast period”.

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, Asia-Pacific is estimated to be the dominant and 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.

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 (arranged alphabetically)

• BASF SE
• Fushun Tianfu Chemicals Co., Ltd.
• Hefei TNJ Chemical Industry Co., Ltd.
• Lanxess AG
• Linshui Nanming Chemical Co., Ltd.
• Perstorp Holding AB
• Prasol Chemical Ltd.
• Shandong Yuanli Science and Technology Co., Ltd.
• UBE Industries, Ltd.
• Zhengzhou Meiya Chemical Products Co., Ltd.

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

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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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

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 the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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Company Profiling

• Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking

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

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