Strong demand growth of polyurethane across end use industries such as transportation, building & construction is expected to drive the global 1,6 hexanediol market over the years. Polyurethane being versatile polymer has gain significant progress as 1,6 hexanediol can be customized to suit the standards and safety of manufacturing the end use products. Increasing demand of rigid foam in applications such as insulators, sealants and flooring in construction industry is further anticipated to propel the 1,6 hexanediol demand for manufacturing polyurethane.
1,6 Hexanediol Market Overview
Globally, the market for 1, 6 Hexanediol is growing at a CAGR of 8.22% during forecasted period (2016-2022). 1,6 Hexanediol with a molecular formula HOCH2 (CH2)4CH2OH. The properties of 1,6 Hexanediol are high porosity, good thermal stability, and good physical stability at high pressure, and polymer monoliths owing to these properties the application is diverse namely, polyurethane, paints & coatings, acrylics, adhesive, polyester resins, and unsaturated, plasticizers.
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1,6 Hexanediol Market– Top 10 Global key Players & Their Strategy
The key players in market includes BASF SE, Ube Industries, Perstop AB, Lishui Nanming, Shandong Yuanli Science and Technology Co., Fushun Tianfu Chemicals Co., Ltd., Lanxess, Ltd. and others.
Study Objectives of 1,6 Hexanediol Market
- To study detail of 1,6 Hexanediol market by application and by region in forecasted period 2022.
- To identify the market dynamics of 1,6 Hexanediol market dynamics by drivers, restrains, opportunities and challenges.
- To analyze various factors like value chain analysis and porters five forces model.
- To provide historical and forecast revenue of market segment with respect to North America, Europe, APAC and RoW.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track mergers and acquisitions, strategic alliances, new product development of specified company.
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The construction industry is anticipated to witness significant for the forecasted period , 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, Indonesia 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.
The largest consumer of 1,6 hexanediol is Europe by volume as well as revenue generation. Demand from Europe is followed by Asia Pacific and North America. Asia Pacific market is expected to exhibit the swiftest growth rate owing to the increased applicability and demand from end use industries. The fact that the manufacturing hub of the world is located in this region also drives the growth in Asia Pacific. India, China, Russia, and Brazil are expected to show persistent demand in the foreseeable future. 1, 6 Hexanediol market is segmented into by application: polyurethane, paints & coatings, acrylics, adhesive, polyester resins, and unsaturated, plasticizers. 1, 6 Hexanediol is used in polyurethane, polyurethane had the largest market share in 2016 owing to rising energy conversation importance due to increasing cost along with shift in preference towards high efficiency and low GHG material. Paints & Coatings are the second largest segment in 2016, the market is anticipated to touch down in millions by 2022.
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