The Global Hexandiol Market size is projected to reach a market size of US$ XXXX.X Mn by 2028 from US$ 736.2 Mn in 2018, growing at a CAGR of 11% during the forecast period. In terms of volume, Hexandiol demand is expected to increase from 73 thousand tonnes in 2018 to 133 thousand tonnes by 2028. The increasing need for plasticizers and polyurethanes as well as the high demand for coatings and adhesives are some factors driving Hexandiol growth globally over the forecast period (2019-2028).
Hexanediol is a type of chemical compound that appears as a white to off-white crystalline solid. It has an odorless and nonirritating character and can be soluble in hydrocarbons or chlorinated solvents. Hexanediol is sometimes used as a food additive with the E number E315 for use only in instant noodles, soups, rice dishes (Waitrose), sauces, certain carbonated drinks (mineral water), and ice cream products.
Hexanediol is a colorless to light yellow transparent liquid. It has a strong unpleasant odor and low viscosity, which is more soluble in water than diethylene glycol or triethylene glycol. Hexanediol can be used as an anti-static agent for textile fibers; its commercial use at present mainly includes thinning agents for coatings, adhesives, and polyester resins.
On the basis of Type, the global hexandiol market is segmented into Hexanediol (Dihydroxy Alcohol) and Hexanediamide.
Hexanediol (Dihydroxy Alcohol) is an organic compound that can be produced by the condensation of two molecules of formaldehyde with one molecule of water. Hexanediol has the molecular formula CH(OH)(CHOH). It belongs to the group known as polyhydric alcohols or diols. This makes it soluble in both polar solvents and non-polar solvents without hydrolysis occurring. Hexanediol (Dihydroxy Alcohol) is mainly used as a polymerization initiator, solvent stabilizer, and industrial lubricant agent in the production of polyurethane, coatings, acrylates, and adhesives.
Hexanediamide is a chemical compound. It can be used as an ingredient in some cosmetics and personal care products, such as makeup, shampoo, conditioner, or lotion. Hexanediamide also has other uses which include being part of the making process for polyurethane foam insulation boards and automotive soundproofing materials. Hexanediamide is also an industrial chemical used in the manufacture of flexible polyurethane and other synthetic elastomers. It can be found in adhesives, coatings, acrylates, plasticizers, or softeners for textiles and paper products. Hexanediamide may be a useful ingredient for developing waterproofing agents since it helps bind with pigments to form films that prevent moisture from penetrating through them.
On the basis of Application, the global hexandiol market is segmented into Polyurethanes, Coatings, Acrylates Adhesives & Sealants, Plasticizers, and Others.
Hexanediol is used in the production of polyurethanes. The use of hexanediol and its derivatives has been rapidly rising with the increase in demand for synthetic foam materials such as upholstery, mattresses, cushions, and pillows. Polyurethane foam consists of a large number of plasticizers to provide flexibility and softness to these products. These flexible foams are widely used across various industries due to their comfortability like furniture-cushioning; bedding-mattress support systems or seat cushioning; automotive seating - head restraints, armrests and backrests, etc.; packaging--shippers/crates/boxes, etc., transportation protection - marine loading cells/chamber covers; home furnishings-carpet underlay, automotive and household floor mats; furnishings - drapes/window curtains, upholstery; and luggage, backpacks, and briefcases. This type of polyurethane foam is also used in the production of adhesives which are widely utilized for furniture reinforcement. Hexanediol has been identified as a preferred raw material for this application due to its easy availability, high purity, low viscosity, and non-toxic nature. This makes hexanediol cost competitive when compared with other substitutes like benzene or pyridine derivatives that offer inferior performance attributes. Polyester resins can be produced from hexanediol through the esterification process along with acid catalysts such as sulfuric acid at temperatures ranging between 100˚C and 150°C.
Hexanediol is a reactive diluent for coatings and adhesives. It has good compatibility with many polyester resins, acrylics, and alkyd-type paints to improve the film formation properties of these products. Hexanediol can also increase the surface tension which helps in control spreading during paint application. Hexanediol is used in the production of paints and varnishes. It also performs a vital function for the construction industry by providing a flexible material with excellent color retention when applied to concrete or plasterboard walls or ceilings.
Acrylates, also known as polyacrylic acid esters or acrylic resins are organic substances derived from the reaction of monomers with alcohol. In this process, water is removed from the mixture and substituted for a polymer chain that links together to form a long molecule called cellulose acetate. Acrylates have numerous applications in industries such as textiles, paints & coatings, and the paper chemical industry due to their high resistance against heat, ultraviolet light, and moisture. Among all the applications mentioned above, one of them is Adhesives where Hexandiol (Raw Material) has been used extensively in manufacturing adhesives during the production phase of Polyurethane Foams.
Hexanediol is a key ingredient in the production of plasticizers. Plasticizers are primarily functional additives that impart flexibility to plastics, reducing their brittleness and making them more durable. They also make plastics easier to process by helping them maintain strength even when deformed or bent under load. For these reasons, hexanediol has been identified as one of the most promising chemicals for use in developing new kinds of high-performance polymers with improved properties and functions.
On the basis of Region, the global hexandiol market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America accounted for the largest share, by country in 2017. The U.S. is anticipated to lead the North American Hexandiol market due to factors such as increasing demand from end-user industries and government initiatives related to the protection of the environment and the development of renewable energy sources. Latin America will witness a growth rate that is higher than that of North America. Factors such as good economic conditions and an increase in the demand for renewable sources to replace fossil fuels will drive growth. In Europe, Hexandiol is primarily used in industrial applications; hence, it has a high market share. China accounted for nearly half of Asia Pacific's total production volume in 2017 due to increasing investments by regional players.
- Rising demand in coatings and adhesives industry owing to the increasing number of end-use industries such as automotive, furniture, construction, etc.
- Increase in consumption of polyurethane (PU) products will drive the growth of the hexanediol market over the forecast period. Polyurethanes are one type of polymer that can be synthesized from hexanediols where it is a major ingredient for various applications including paints & coatings, adhesives, and polyurethane products.
- Increasing investments in the construction industry are also expected to upsurge demand for hexanediols over the forecast period as they are extensively used by manufacturers of paints & coatings for architectural purposes owing to their properties such as high gloss finish, light stability, etc.
- Increased awareness among consumers about environmental protection activities which would lead to less reliance on plastic goods across the globe due to its nonbiodegradability is also expected to augment global demand for Hexadiols.
Up Market Research published a new report titled “Hexandiol Market research report which is segmented by Types (1,2-Hexanediol, 1,6-Hexanediol), By Applications (Polyurethanes, Coatings, Acrylates, Adhesives, Polyester Resins, Plasticizers, Others), By Players/Companies Basf S.E., Fushun Tianfu Chemicals, Lanxess, Lishui Nanming, Perstorp AB, UBE Industries, Shandong Yuanli Science and Technology, Zhongrong Technology Corporation Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Hexandiol Market Research Report|
|By Type||1,2-Hexanediol, 1,6-Hexanediol|
|By Application||Polyurethanes, Coatings, Acrylates, Adhesives, Polyester Resins, Plasticizers, Others|
|By Companies||Basf S.E., Fushun Tianfu Chemicals, Lanxess, Lishui Nanming, Perstorp AB, UBE Industries, Shandong Yuanli Science and Technology, Zhongrong Technology Corporation Ltd|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||231|
|Number of Tables & Figures||162|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 1,2-Hexanediol, 1,6-Hexanediol and By Application Polyurethanes, Coatings, Acrylates, Adhesives, Polyester Resins, Plasticizers, Others.
Some of the companies that are profiled in this report are:
Hexandiol Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Hexandiol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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