Global 1,6-Hexanediol Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Application;

Polyurethanes, Coatings, Acrylates, Adhesives, Polyester Resin, Plasticizers and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn229200717 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global 1,6-Hexanediol Market (USD Million), 2020 - 2030

In the year 2023, the Global 1,6-Hexanediol Market was valued at USD 1,150.75 million. The size of this market is expected to increase to USD 1,972.18 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.0%.

Over the next six years, the global 1,6 hexanediol market is poised for significant growth, primarily driven by increasing demand for polyurethanes (PU) across key end-use sectors such as infrastructure and furniture. These industries collectively account for approximately half of the total PU market demand. In infrastructure, rigid foams made from PU serve as crucial insulators, sealants, and flooring materials, while flexible PU foams find extensive use in furniture applications like carpet and seat cushions, as well as mattress padding. This surge in PU demand is expected to fuel the need for 1,6 hexanediol, given its role as a key component in manufacturing PU. Notably, 1,6 hexanediol-based PU offers notable attributes such as high hydrolysis resistance, low glass transition temperature, and enhanced mechanical strength, further enhancing its appeal in these applications.

Additionally, the increasing need for protective and industrial coatings is anticipated to propel the demand for 1,6 hexanediol during the forecast period. Coatings derived from 1,6 hexanediol exhibit desirable surface hardness, flexibility, and adhesion properties to various substrates. These coatings find extensive use in industrial applications such as automotive, infrastructure, and steel, catering to both protective and aesthetic requirements. Moreover, 1,6 hexanediol finds application across a spectrum of industries, including the manufacturing of acrylics, adhesives, polyesters, and more. Investments in research for niche applications and the exploration of new avenues like UV-curable resins and potential nylon-6 precursor capabilities are expected to further augment market growth.

Regionally, while Europe has historically dominated the 1,6 hexanediol market, the emerging economies of the Asia Pacific region, particularly China and India, are expected to witness substantial growth. Factors such as increased infrastructural spending, rising middle-class disposable incomes, and stringent adherence to environmental regulations are shaping market dynamics. Additionally, Latin American countries like Brazil and Mexico are poised for growth, driven by infrastructure development initiatives. Key players in the market, including BASF, Lanxess, and Ube Industries, are focused on innovation and expanding their presence in emerging markets through cost-effective product offerings, further intensifying competition in the industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global 1,6-Hexanediol Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Polyurethanes (PU)
        2. Increasing Consumption in Protective and Industrial Coatings
        3. Increasing Usage as Feedstock for Manufacturing Chemical Compounds
        4. Rising Demand from the Wind Energy Sector
      2. Restraints
        1. Raw Material Price Volatility
        2. Environmental Concerns
        3. Economic Uncertainty
        4. Availability of Substitutes
      3. Opportunities
        1. Exploration of Niche Applications
        2. Geographical Expansion in Emerging Markets
        3. Compliance with Environmental Norms
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Competitive Rivalry
  5. Market Segmentation
    1. Global 1,6-Hexanediol Market, By Application, 2020 - 2030 (USD Million)
      1. Polyurethanes
      2. Coatings
      3. Acrylates
      4. Adhesives
      5. Polyester Resin
      6. Plasticizers
      7. Others
    2. Global 1,6-Hexanediol Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Fushun Tianfu Chemicals Co. Ltd
      3. LANXESS
      4. Linshui Nanming Chemical Co., Ltd
      5. Perstorp Holding AB
      6. UBE Industries, Ltd
      7. Shandong Yuanli Science and Technology Co., Ltd.
      8. Prasol Chemical Ltd
      9. Hefei TNJ Chemical Industry Co., Ltd
      10. Zhengzhou Meiya Chemical Products Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market

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