According to the report by Expert Market Research (EMR), the global 1, 6-hexanediol market size is projected to grow at a CAGR of 7.9% between 2024 and 2032. Aided by the escalating demand in various industrial applications and the expansion of the polymer industry, the market is expected to grow significantly by 2032.
1,6 hexanediol, a versatile chemical compound, finds extensive use in the production of polyurethanes, coatings, adhesives, and plasticisers. Its unique properties, including low viscosity and hygroscopic nature, make it an invaluable component in numerous industrial applications.
The 1,6 hexanediol market growth is predominantly driven by the flourishing polymer industry. The compound’s ability to enhance the properties of polymers, such as durability and flexibility, has led to its increased adoption in the manufacturing of various polymer products.
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In the coatings industry, 1,6 hexanediol is extensively used to produce polyurethane coatings, which are renowned for their durability and resistance to various environmental factors. This application has witnessed significant growth, particularly in the automotive and construction sectors, which are major consumers of these coatings.
As per the 1,6 hexanediol market analysis, the adhesives and sealants industry is another major consumer of 1,6 hexanediol. The compound imparts enhanced bonding properties and flexibility to adhesives, making them suitable for a wide range of applications, from automotive to packaging. The pharmaceutical and cosmetic industries also contribute to the demand for 1,6 hexanediol. In these industries, it is used as an intermediate in the synthesis of various products, owing to its solvency and moisture retention properties.
The Asia-Pacific region, led by countries like China and India, dominates the global 1,6 hexanediol market. The region’s rapid industrialisation, coupled with the expansion of the automotive, construction, and polymer industries, has been pivotal in driving market growth. North America and Europe also hold significant market shares, attributed to the advanced industrial sectors and the presence of major market players in these regions.
Additionally, ongoing research and development efforts aimed at enhancing production efficiency and developing eco-friendly processes are expected to contribute to the 1,6 hexanediol market size. The future of the market appears bright, with opportunities emerging from the continuous innovation in polymer technology and the growing demand for sustainable and high-performance materials.
1,6 Hexanediol Market Segmentation
The market can be divided based on application and region.
Market Breakup by Application
- Polyurethanes
- Coatings
- Acrylates
- Adhesives
- Polyester Resin
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape Of 1,6 Hexanediol Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global 1,6-hexanediol market. Some of the major players explored in the report by Expert Market Research are as follows:
- BASF S.E.
- Lanxess AG
- Ube Industries, Ltd.
- Lishui Nanming Chemical Co., Ltd.
- Zhengzhou Meiya Chemical Products Co., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- Others
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