1,6 Hexanediol Market Report

1,6 Hexanediol Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

Format: PDF  |  Report ID: GVR923

Growth of global polyurethanes (PU) demand from key end-use industries such as infrastructure and furniture is expected to remain a key driving factor for 1, 6 hexanediol market over the next six years. Infrastructure and furniture applications account for approximately half of total PU market demand. Rigid foams manufactured from PU are extensively used in infrastructure as insulators, sealant and flooring materials. PU manufactured flexible foams are extensively used in furniture applications such as carpet & seat cushions and mattress padding. These factors in turn are expected to increase 1, 6 Hexanediol demand for manufacturing PU. 1, 6 Hexanediol based PU offers high hydrolysis resistance, low glass transition temperature and improved mechanical strength. Increasing demand for protective and industrial coatings is expected to drive 1, 6 hexanediol market for the forecast period. 1, 6 hexanediol based coatings exhibits surface hardness & flexibility and also offers adhesion to various substrates. Industrial coatings are extensively used for protective & aesthetics quality used in industrial applications such as automotive, infrastructure and steel. Other applications of 1, 6 Hexanediol include in the manufacturing of acrylics, adhesives, polyesters, polymeric thickeners, polyvinyl chloride plasticizers, sizing agents, dyestuffs, inks and pesticides. 

Investments in research for product development in niche applications are expected to provide new opportunities in market for 1, 6 hexanediol industry participants. New 1, 6 hexanediol applications such as ultraviolet (UV) curable resins, alkyd & epoxy resins and a potential are expected to provide growth opportunities.1, 6 hexanediol is on the developmental stage for being a possible nylon-6 precursor. 

Europe dominated 1, 6 hexanediol market for the past few years owing to increasing demand of PU in automobile applications. Major demand is expected from emerging economies of Asia Pacific. China from Asia Pacific witnesses the highest consumption of 1, 6 hexanediol owing to increasing demand of PU, coatings and acrylates from end-user industry. India is expected to witness higher growth rates over the forecast period. Latin American countries such as Brazil and Mexico are expected to witness higher growth rates over the next six years owing to increase in infrastructural spending and growth of per capita middle class disposable income. Major operating companies strictly adhere to governmental environmental norms and compete on the basis of product innovation. Industry participants are costly trying to increase their presence in emerging market by introducing cost effective 1, 6hexanediol based products. Key market players include BASF, Lanxess, Ube Industries, Lishui Nanming Corp. Ltd, Perstorp Ab and Fushun Tianfu Chemicals Corp. Ltd.

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