Data Bridge Market Research analyses that the 1, 6 hexanediol market will witness a CAGR of 7.6% for the forecast period of 2021-2028. The increasing demand for 1, 6 hexanediol in the polyurethanes application may drive the growth of 1, 6 hexanediol market value.
1, 6 hexanediol is a colorless water soluble solid and its chemical formula is (CH2CH2CH2OH)2. It is an organic compound that is produced industrially by the catalytic hydrogenation of adipic acid. The organic compound 42 °C and boils at 250 °C. 1, 6 hexanediol is a valuable intermediate product for chemical industry as it is also used in the synthesis of speciality chemicals. 1, 6 hexanediol possess good thermal stability, great physical stability at high pressures and are highly porous in nature.
Rising use of 1, 6 hexanediol in a wide range of applications such as polyurethanes, coatings, acrylates, adhesives, polyester resin, plasticizers and others is responsible for propelling the market growth. Advancements in the mechanical coatings field is further inducing growth in the demand for 1, 6 hexanediol. Rising advancements in the technology and production of bio-based raw materials will further create lucrative growth opportunities for the 1, 6 hexanediol market. Growth and expansion of automotive industry will in turn directly and positively impact the demand for 1, 6 hexanediol. Rising research and development activities will also act as an indirect market growth determinant.
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However, storage and transportation is the biggest challenge for the 1, 6 hexanediol market as these are highly hygroscopic in nature. Easy availability of substitutes will be a threat to the 1, 6 hexanediol market.
This 1, 6 hexanediol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research 1, 6 hexanediol market contact u for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 1, 6 Hexanediol Market Scope and Market Size
The 1, 6 hexanediol market is segmented on the basis of type, application and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of type, the 1, 6 hexanediol market is segmented into purity grade 99%, purity grade 99.7% and others.
On the basis of application, the 1, 6 hexanediol market is segmented into polyurethanes, coatings, acrylates, adhesives, polyester resin, plasticizers and others.
On the basis of end user industry, the 1, 6 hexanediol market is segmented into marine, automotive and transportation, pipe and tanks, electrical and electronics and wind energy.
Global 1, 6 Hexanediol Market Country Level Analysis
The 1, 6 hexanediol market is analysed and market size, volume information is provided by country, type, application and end user industry as referenced above.
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The countries covered in the 1, 6 hexanediol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue. The region is set to continue to flourish its dominance over the forecast period owing the rising demand for 1, 6 hexanediol from developing regions such as India, China, Japan, and South Korea. Growth and expansion of automobile sector in this region has directly influenced the growth of 1, 6 hexanediol market. Urbanization, infrastructural development and rising construction activities have further propelled growth in the demand for 1, 6 hexanediol. Rising demand for polyurethane and rising research and development activities in the coatings have also acted as important factors determining the 1, 6 hexanediol market growth.
The country section of the 1, 6 hexanediol market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Global 1, 6 Hexanediol Market, By Type (Purity Grade 99%, Purity Grade 99.7% and Others), Application (Polyurethanes, Coatings, Acrylates, Adhesives, Polyester Resin, Plasticizers and Others), End User Industry (Marine, Automotive and Transportation, Pipe and Tanks, Electrical and Electronics and Wind Energy), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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