Global 1,6-Hexanediol Market By Ingredients (Adipic Acid, Cyclohexane); By Application (Polyurethanes, Coatings, Acrylates, Adhesives, Polyester Resins, Plasticizers) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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The Global 1,6-Hexanediol Market accounted for USD 740.0 million in 2016 and is projected to grow at a CAGR of 7.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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This report consists of below pages:
No of pages : 350
No of Figures: 60
No of Tables: 220
1,6 hexanediol is a colorless crystalline solid with high affinity towards water. The 1,6 hexanediol has made a significant progress with the end-use industries which is helped by the fact that 1,6 hexanediol can be customized in order to suit the standards and safety requirements of the final product.
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The latest trend in this market is high demand for 1,6 hexanediol in Asia-Pacific from the wind energy sector. Manufacturing of end products such as polyurethanes, coatings, acrylates, adhesives, polyester resins, and plasticizers have witnessed an increase in demand for 1,6 hexanediol, which is expected to be the major driver over the forecast period.
The Global 1,6-Hexanediol Market is consolidated due to the presence of a limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Major Market Drivers:
- High demand for 1,6-Hexanediol from the Asia-Pacific region
- Growing demand from the wind energy sector
- Volatility in raw material prices
- Availability of substitutes such as butendiol and pentanediol
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The 1,6-Hexanediol market is segmented on the basis of ingredients into adipic acid, and cyclohexane.
On the basis of application, the market is segmented into polyurethanes, coatings, acrylates, adhesives, polyester resins, and plasticizers.
On the basis of geography, the 1,6-Hexanediol market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, Asia-Pacific is expected to dominate the market.
Major Market Competitors:
Some of the major players in 1,6-Hexanediol market include
- Ube Industries,
- Perstop AB,
- Lishui Nanming,
- Fushun Tianfu Chemicals Co., Ltd,
- Aktiengesellschaft, Shandong Yuanli Science And Technology Co., Ltd.
- many more.
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