Global 1,6-Hexanediol Market Size By Synthesis (Cyclohexane, Adipic Acid), By Application (Polyurethane, Coatings, Acrylates, Adhesives, Polyester Resins, Plasticizers), By Geographic Scope And Forecast
Report ID: 325090|No. of Pages: 202
Global 1,6-Hexanediol Market Size By Synthesis (Cyclohexane, Adipic Acid), By Application (Polyurethane, Coatings, Acrylates, Adhesives, Polyester Resins, Plasticizers), By Geographic Scope And Forecast
1,6-Hexanediol Market Size And Forecast
1,6-Hexanediol Market size was valued at USD 1.3 Billion in 2024 and is projected to reach USD 2.25 Billion by 2031, growing at a CAGR of 7.13% from 2024 to 2031.
The Global 1,6-Hexanediol Market is expanding due to the growing use of polyurethanes, coatings, acrylates, adhesives, polyester resin, plasticizers, and other products. Polyurethane is the most used product that is prepared using 1,6-Hexanediol. Polyurethane is used in construction, the automotive industry, and in polymer industry, which is estimated to propel the market.
Furthermore, the expansion of the automotive and construction industry is estimated to propel the 1,6-Hexanediol Market further. The Global 1,6-Hexanediol Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global 1,6-Hexanediol Market Drivers
The market drivers for the 1,6-Hexanediol Market can be influenced by various factors. These may include:
- End-Use Industries: The demand for 1,6-Hexanediol is directly related to the different industries that use it, including polyurethanes, adhesives, sealants, and coatings. The demand for 1,6-Hexanediol is directly impacted by the expansion or contraction of certain industries.
- Growth of the Polymer Industry: The demand for 1,6-Hexanediol is greatly influenced by the growth of the polymer industry, which is a critical component in the production of polymers and is driven by industries like electronics, construction, and automotive.
- Customer attitudes and Trends: Demand for bio-based 1,6-hexanediol may increase as a result of changes in customer attitudes towards eco-friendly and sustainable goods, encouraging producers to develop and make investments in this market.
- Regulatory Environment: Modifications to the law may have an effect on the manufacture, use, and distribution of 1,6-Hexanediol, particularly if they pertain to safety and environmental regulations. Modifications to manufacturing procedures or formulations may be necessary to comply with regulations.
- Technological Advancements: The price and availability of 1,6-Hexanediol can be impacted by changes in production procedures, such as better catalysts or more effective synthesis techniques, which can change market dynamics.
- Global Economic Conditions: The demand for chemicals, particularly 1,6-Hexanediol, can be affected by economic factors such as GDP growth, inflation rates, and currency exchange rates. Periods of economic expansion can stimulate consumption, whereas downturns may result in lower demand.
- Competitive Landscape: The 1,6-Hexanediol market’s supply dynamics and pricing may be impacted by the actions of major players in the industry, such as mergers, acquisitions, capacity expansions, or the introduction of new products.
- Geopolitical factors: The availability and cost of 1,6-Hexanediol can be impacted by political unrest, trade disputes, or interruptions in the world supply chain brought on by natural catastrophes or pandemics.
- Environmental Awareness: As enterprises embrace sustainable practices and environmental challenges become more widely known, there may be a greater need for ecologically acceptable or bio-based 1,6-hexanediol substitutes.
- Regional Trends: Distinctive industrial activity, regulations, consumer preferences, and economic situations can lead to variations in demand patterns among areas, hence impacting market dynamics both domestically and internationally.
Global 1,6-Hexanediol Market Restraints
Several factors can act as restraints or challenges for the 1,6-Hexanediol Market. These may include:
- Disruptions in the supply chain, such as shortages of raw materials or problems with transportation, can have an impact on the availability of 1,6-hexanediol and impose restrictions on the market.
- Price fluctuations can have an effect on the total cost of production, which could impede market expansion, particularly if costs rise sharply for the raw materials used to produce 1,6-hexanediol.
- Regulatory Restrictions: Tight laws governing the manufacture, use, and disposal of chemicals may place restrictions on the market. Manufacturers may see an increase in operating costs as a result of adhering to environmental and safety laws.
- Competitive Pressure: By applying pressure to prices and profit margins, both the entry of new competitors and the fierce competition among established firms within the market can impede growth.
- Substitution Threats: If substitute materials or technologies are thought to be more economical or ecologically friendly than 1,6-hexanediol, their availability and ability to perform comparable functions could limit the growth of the market.
- End-Use Industry Dynamics: The textile, adhesive, and coatings industries are among the many end-use sectors that directly influence the demand for 1,6-hexanediol. The demand for 1,6-hexanediol may be impacted by any slowdown or volatility in these businesses.
- Geopolitical Factors: Uncertainties and market growth can be caused by political instability, trade conflicts, and regulatory changes in important regions where 1,6-hexanediol is manufactured or consumed.
- COVID-19 Pandemic: The continuing pandemic has affected consumer behaviour, damaged global supply chains, and decreased demand from a variety of industries. These factors could all limit the market’s ability to grow for 1,6-hexanediol.
Global 1,6-Hexanediol Market Segmentation Analysis
The Global 1,6-Hexanediol Market is Segmented on the Basis of Synthesis, Application, And Geography.
1,6-Hexanediol Market, By Synthesis
- Cyclohexane
- Adipic Acid
Based on Synthesis, the global market for 1,6-Hexanediol is segmented into cyclohexane and adipic acid. The cyclohexane segment is estimated to reign on the global scale because of its ease of manufacturing 1,6-hexanediol. The outcome of the cyclohexane-based synthesis method is superior to other methods of manufacturing 1,6-Hexanediol on an industrial scale.
1,6-Hexanediol Market, By Application
- Polyurethane
- Coatings
- Acrylates
- Adhesives
- Polyester Resins
- Plasticizers
- Others
Based on Application, the global market for 1,6-Hexanediol is segmented into polyurethane, coatings, acrylates, adhesives, polyester resins, plasticizers, and others. The polyurethane segment is expected to have a superior market share in the global 1,6-Hexanediol market. It is because polyurethane is used by the construction industry, consumer products industry, and the automotive industry. These industries are expanding at an alarming rate due to the rising global population and industrial growth in developing countries, creating demand for polyurethane and promoting the segment’s growth.
1,6-Hexanediol Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Based on Geography, the global market for 1,6-Hexanediol into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Based on our regional analysis, the European region is forecasted to dominate the market share and revenue contribution due to its industrial growth and the volume of 1,6-Hexanediol production. Various products that are manufactured using 1,6-Hexanediol, such as coatings products and acrylate, are in higher demand in countries like Germany and Italy for automotive production, which is driving the growth of the European 1,6-Hexanediol market.
Key Players
The “Global 1,6-Hexanediol Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, Prasol Chemicals Pvt Ltd, LANXESS, Perstorp, and UBE Industries, Fushun Tianfu Chemicals Co. Ltd, Shandong Yuanli Science and Technology Co. Ltd, Jiangsu Zhongdan Chemical Group Corporation Ltd, Zhejiang Hongxin Chemical Co. Ltd, Hefei TNJ Chemical Industry Co. Ltd, Synthos S.A.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | BASF SE, Prasol Chemicals Pvt Ltd, LANXESS, Perstorp, and UBE Industries, Fushun Tianfu Chemicals Co. Ltd, Shandong Yuanli Science and Technology Co. Ltd, Jiangsu Zhongdan Chemical Group Corporation Ltd, Zhejiang Hongxin Chemical Co. Ltd, Hefei TNJ Chemical Industry Co. Ltd, Synthos S.A. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research
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Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
1 INTRODUCTION OF THE GLOBAL 1,6-HEXANEDIOL MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL 1,6-HEXANEDIOL Market OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porter’s Five Force Model
4.4 Value Chain Analysis
5 GLOBAL 1,6-HEXANEDIOL MARKET, BY SYNTHESIS
5.1 Overview
5.2 Cyclohexane
5.3 Adipic Acid
6 GLOBAL 1,6-HEXANEDIOL MARKET, BY APPLICATION
6.1 Overview
6.2 Polyurethane
6.3 Coatings
6.4 Acrylates
6.5 Adhesives
6.6 Polyester Resins
6.7 Plasticizers
6.8 Others
7 GLOBAL 1,6-HEXANEDIOL MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 The U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 The U.K.
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America
7.5.1 Brazil
7.5.2 Argentina
7.5.3 Rest of LATAM
7.6 Middle East and Africa
7.6.1 UAE
7.6.2 Saudi Arabia
7.6.3 South Africa
7.6.4 Rest of the Middle East and Africa
8 GLOBAL 1,6-HEXANEDIOL Market COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
8.4 Company Regional Footprint
8.5 Company Industry Footprint
8.6 ACE Matrix
9 COMPANY PROFILES
9.1 BASF SE
9.1.1 Company Overview
9.1.2 Company Insights
9.1.3 Business Breakdown
9.1.4 Product Benchmarking
9.1.5 Key Developments
9.1.6 Winning Imperatives
9.1.7 Current Focus & Strategies
9.1.8 Threat from Competition
9.1.9 SWOT Analysis
9.2 Prasol Chemicals Pvt Ltd
9.2.1 Company Overview
9.2.2 Company Insights
9.2.3 Business Breakdown
9.2.4 Product Benchmarking
9.2.5 Key Developments
9.2.6 Winning Imperatives
9.2.7 Current Focus & Strategies
9.2.8 Threat from Competition
9.2.9 SWOT Analysis
9.3 LANXESS
9.3.1 Company Overview
9.3.2 Company Insights
9.3.3 Business Breakdown
9.3.4 Product Benchmarking
9.3.5 Key Developments
9.3.6 Winning Imperatives
9.3.7 Current Focus & Strategies
9.3.8 Threat from Competition
9.3.9 SWOT Analysis
9.4 Perstorp
9.4.1 Company Overview
9.4.2 Company Insights
9.4.3 Business Breakdown
9.4.4 Product Benchmarking
9.4.5 Key Developments
9.4.6 Winning Imperatives
9.4.7 Current Focus & Strategies
9.4.8 Threat from Competition
9.4.9 SWOT Analysis
9.5 UBE Industries
9.5.1 Company Overview
9.5.2 Company Insights
9.5.3 Business Breakdown
9.5.4 Product Benchmarking
9.5.5 Key Developments
9.5.6 Winning Imperatives
9.5.7 Current Focus & Strategies
9.5.8 Threat from Competition
9.5.9 SWOT Analysis
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 Appendix
Related Research
Report Research Methodology
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Exploratory data mining
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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- Established market players
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- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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