1,6 Hexanediol Market is expected to cross USD 1,500 Million by 2022
The properties of 1,6 Hexanediol are high porosity, good thermal stability, and good physical stability at high pressure, and polymer monoliths. Owing to properties, 1,6 hexanediol is used in production of polyurethane, acrylates, paints & coatings, adhesives, polyester resins and unsaturated plasticizer among others. The polyurethane is the largest application segment in the global 1,6 hexanediol market. Some of protuberant factors driving polyurethane application segment are growing demand of flexible foam in furniture industry for manufacturing of carpet, seat cushions and mattress along with rise in consumer spending on modern interiors are expected to augment the growth of 1,6 hexanediol market.
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.
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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.
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 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.
The market is anticipated to grow at faster pace due to polyurethane, 1,6 hexanediol is widely used in the manufacture of polyurethane, the application of polyurethane is vast namely in construction, electronics, automotive, furniture and many other industries. On the other hand, Asia-pacific are the major drivers of the market as the demand for 1,6 hexanediol is highest compared to other regions.
Browse the market data and information spread across 125 pages with 26 data tables and 09 figures of the report “Global 1,6 Hexanediol Market Research Report- Forecast to 2022” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/1-6-hexanediol-market-2434
April 2017 –Lanxess invest EUR 100 million in its intermediates production expansion. Advanced Industrial Intermediates, the business segment of Lanxess is expanding production facility and is expected to complete by 2020. Around EUR 40 million is expected to be invested in Leverkusen and Krefeld-Uerdingen sites. At the Krefeld-Uerdingen site, company plans to expand production facility of trimethylolpropane, hexanediol, benzylalcohol and menthols to meet demand of the global market.
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