1,6-Hexanediol Market by Application (Polyurethanes, Coatings, Acrylates, Adhesives, Polyester Resins, Plasticizers), and Region (Europe, North America, Asia-Pacific, South America, and Middle East & Africa) - Global Forecasts to 2021
“The global 1,6-Hexanediol market is projected to grow at a CAGR of 7.44% between 2016 and 2021”
The global 1,6-Hexanediol market is expected to reach USD 1,042.1 million by 2021, at a CAGR of 7.44% between 2016 and 2021. The demand for 1,6-Hexanediol has improved in recent years due to its increased consumption in the Asia-Pacific region. In addition, the increasing use of 1,6-Hexanediol in varied applications, such as coatings, PU, acrylates, and polyester resins, among others, has further contributed to the growth of this market. The newer, high-growth applications of 1,6-Hexanediol include alkyd resins, epoxy resins, thermoplastic polyurethane elastomers, PU dispersions, polycarbonate diols, and wood & coil coatings. For instance, there is a sharp rise in demand for polycarbonate diol-based polyurethanes that are increasingly favored as new high-performance materials for automotive interior and electronic materials applications.
“The polyurethanes application segment accounted for the largest share of the global 1,6-Hexanediol market”
The polyurethanes segment is the largest application segment of the global 1,6-Hexanediol market, in terms of value and volume. A principal factor for growth of polyurethanes is the demand for its sub-applications or derivatives, such as thermoplastic polyurethanes elastomers, coatings, and foams, across varied regions. The Asia-Pacific region with the rising demand for polyurethanes further propels the growth of the global 1,6-Hexanediol market. In addition, emerging countries in the Asia-Pacific region, such as China, Korea, India, and Vietnam have witnessed an increase in polyurethane production. Thus, increasing demand for polyurethanes across varied industry verticals has contributed to the growth of the polyurethanes segment.
“The coatings application segment accounted for the second-largest share of the global 1,6-Hexanediol market”
The construction industry is anticipated to witness significant growth in the next five years, owing to huge investments in new infrastructure developments, new housing projects, and renovation/repaint of residential and commercial buildings in the U.S., China, India, and Brazil. The demand for coatings in the Asia-Pacific region has increased significantly, and this trend is expected to continue in the near future. The coatings industry is moving towards consolidation as top coating players are acquiring other local and foreign players. Carlyle Group acquired DuPont to form Axalta, the decorative coatings business of Sherwin Williams being acquired by Berger Paints (India), and PPG’s acquisition of AkzoNobel are examples of significant acquisitions that took place in the global 1,6-Hexanediol market.
Breakup of primary interviews:
By Company Type - Tier 1 – 58%, Tier 2 – 33%, and Tier 3 – 9%
By Designation – C-level – 50%, D-level – 33%, and Others – 17%
By Region - North America – 33%, Europe – 30%, Asia-Pacific – 16%, South America -14%, and Middle East & Africa-7%
Key companies profiled in this report include BASF SE (Germany), Fushun Tianfu Chemicals Co., Ltd. (China), Lanxess Aktiengesellschaft (Germany), Lishui Nanming (China), Perstorp AB (Sweden), Ube Industries, Inc., (Japan), and Shandong Yuanli Science and Technology Co., Ltd. (China).
This report covers a detailed segmentation of the global 1,6-Hexanediol market based on application and region. With respect to application, the market has been segmented into polyurethanes, coatings, acrylates, adhesives, polyester resins, and plasticizers. On the basis of region, the market has been segmented into Europe, Asia-Pacific, North America, South America, and Middle East & Africa.
Reasons to buy the report
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top 1,6-Hexanediol players, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the global 1,6-Hexanediol market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on 1,6-Hexanediol offered by top players in the global 1,6-Hexanediol market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the global 1,6-Hexanediol market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for 1,6-Hexanediol across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global 1,6-Hexanediol market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the global 1,6-Hexanediol market