1,6-Hexanediol Market Size is Estimated To Reach USD 1,848.7 million By 2026 with CAGR 8.5%

Increase in the use of 1,6-Hexanediol in polyurethanes across emerging nations and an increase in the research and development from leading players are expected to drive the growth of the 1,6-hexanediol market.The global 1,6-hexanediol market was valued at USD 955.5 million in 2018 and is expected to reach USD 1,848.7 million in 2026, growing at a CAGR of 8.5% during the forecast period.

Increase in demand for polyurethanes across end-use industries such as infrastructure and furniture, which primarily expected to drive the growth for 1,6-hexanediol market. Additionally, this application is expected to dominate the market by accounting almost half of total polyurethanes market demand. Rigid foams made from polyurethanes are broadly consumed in infrastructure as insulators, sealant and flooring materials. Polyurethanes are primarily manufactured for flexible foams, which are widely adopted in furniture applications such as carpet & seat cushions and mattress padding.

The 1,6-Hexanediol Market report has been segregated based on distinct categories, such as product type, application, end-user, and region. Each segment is evaluated based on CAGR, share, and growth potential.

List of Top Key Players in 1,6-Hexanediol Market Report are:

• BASF SE
• Prasol Chemicals Pvt. Ltd.
• Fushun Tianfu Chemicals Co. Ltd.
• Perstorp AB
• Linshui Nanming Chemical Co. Ltd.
• Ube Industries Ltd.
• Shandong Yuanli Science and Technology Co. Ltd
• Zhengzhou Meiya Chemical Products Co. Ltd
• Lanxess Aktiengesellschaft
• Hefei TNJ Chemical Industry Co. Ltd.

1,6-Hexanediol Industry 2021 Market Research Report provides exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector. This report provides the status of the 1,6-Hexanediol market forecast till 2026. Likely, the report also focuses on global major manufacturers of 1,6-Hexanediol market share providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out.

1,6-Hexanediol Market Segmentation by Application:

• Polyurethanes
• Acrylates
• Coatings
• Polyester Resin
• Adhesives
• Plasticizers
• Others

The report diversifies the global geographical expanse of the 1,6-Hexanediol market into five prominent regions such as Europe, APAC, MEA, North and South America.

Considering the current scenario, the increase in investments for research for product development in end-use applications are expected to create opportunities in the market for industry participants. The 1,6-hexanediol is widely consumed across newly applications such as ultraviolet curable resins and alkyd & epoxy resins and further potentials are expected to provide growth opportunities during the forecast period. The global market for 1,6-hexanediol is on the growth stage for being a possible nylon-6 precursor. Moreover, the increase in advancement in technologies and development of bio-based raw materials are expected to enhance the market size. This also expected to open growth opportunities in the global market for the manufacturers in the coming years.

Increase in the use of 1,6-Hexanediol in polyurethanes across emerging nations and an increase in the research and development from leading players are the main drivers for the market growth of the global 1,6-hexanediol market over the forecast period. However, the storage and transportation of 1,6-Hexanediol and wide availability of substitute are expected to hamper the growth of the global 1,6-hexanediol market during the forecast period.

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