1,6-Hexanediol Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2023

1,6-Hexanediol Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2023
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According to the new market research report “1,6-Hexanediol Market” published by Whipsmartmi.com

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The 1, 6-hexanediol market is projected to grow at a CAGR 7.54% rate during the forecast period. Increasing demand for 1, 6-hexanediol due to increased consumption by manufacturers in APAC   region. 1, 6-hexanediol is a multi-characteristic material used in polyurethanes, coatings, acrylates, and polyester resins, and others. It is used as an intermediate in preparation of coatings, PU, and acrylates. The high performance and low environmental impacts during operational exposure to workers are the key factors contributing to the high consumption of 1, 6-hexanediol.

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The global polyurethanes is projected to register significant growth and is the largest market in the overall market. It is the largest application of 1, 6-hexanediol. Increasing demand for thermoplastic polyurethanes elastomers, coatings, foams, and so on has led to growth of polyurethanes market. 1, 6-hexanediol converts the polyurethane into a modified polyurethane with substantially high corrosion resistance. It permeates different properties including high mechanical strength, low glass transition temperature, and high heat resistance into polyurethanes.

Europe is predicted to be the dominating region in market, in terms of value and volume, during the forecast period. Consumption of adhesives, softening agents, lacquers, acrylics, and others by manufacturers acts as a driving factor for the growth of the market. The use of chemicals in the manufacturing of acrylates is expected to grow further particularly in European region during the forecast period.

Key Market Players include BASF SE (Germany), Fushun Tianfu Chemicals Co., Ltd. (China), Lanxess Aktiengesellschaft (Germany), Linshui Nanming Chemical Co., Ltd. (China), Perstorp AB (Sweden), Ube Industries, Ltd. (Japan), Shandong Yuanli Science and Technology Co., Ltd. (China), Zhengzhou Meiya Chemical Products Co., Ltd. (China), Hefei TNJ Chemical Industry Co., Ltd. (China),   and Prasol Chemicals Pvt. Ltd. (India).

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