Hexylene glycol is witnessing excessive call for within the non-public care and cosmetics industry, due to the fact that it is used as a surfactant, emulsifier, and viscosity decreasing agent in several products. Moreover, developing utilization of hexylene glycol as a direct solvent in paints & coatings, household and business cleaners, and so on., is predicted to pave the manner for respectable sales at some stage in the forecast duration (2022-2029).
The global hexylene glycol market became valued at around US$ 187 Mn in 2018, with a marketplace volume of seventy three,590 tons.
| Hexylene Glycol Market Demand (2021A) | US$ 197.3 Mn |
| Hexylene Glycol Market Demand Sales (2022E) | US$ 202.8 Mn |
| Hexylene Glycol Market Projection (2029F) | US$ 250.3 Mn |
| Value CAGR (2022-2029) | 3.1% |
| Collective Value Share: Top 3 Countries (2022E) | 49.2% |
Asia, contributing round 1/2 of hexylene glycol marketplace revenue, maintains to offer funding prospects to producers. Call for upheaval for paints & coatings from positive end-use sectors which include creation and automotive is predicted to pressure the consumption of hexylene glycol in the location.
“Low evaporation rate and complete miscibility with water make hexylene glycol an excellent solvent. As a result, its application across several end-use industries is projected to rise, driving market growth over the forecast period.”
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Hexylene Glycol Market: Competitive Landscape
The hexylene glycol market is fairly consolidated. Global players such as BASF SE, Solvay SA, Dow DuPont, and Lonza Group have invested strategically in the hexylene glycol market in the recent past, which suggests that major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming future. Research & development, coupled with expansion of production capacity and footprint, remains the key strategy being followed by hexylene manufacturers to enhance productivity and capture new market opportunities.
Key Takeaways from Global Hexylene Glycol Market Study
- Pharmaceutical and industrial-grade hexylene glycol is likely to be sought-after in the future, owing to the growth of pharma and construction industries.
- Demand for printing inks is rapidly increasing due to rapid growth of the packaging industry. This factor will drive the growth of the hexylene glycol market, owing to its application in the formulation of printing inks.
- Growth prospects are high in emerging markets such as India and Indonesia. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for hexylene glycol manufacturers in developed regions, manufacturers are focusing on emerging markets to capture a larger market share.
- East Asia, South Asia, and North America are expected to be prominent regions over the forecast period, owing to the presence of a large number of tier II & III players in East Asia and tier I players in North America.
North America Holds Noteworthy Share
North America is anticipated to hold a prominent share of the global hexylene glycol market, owing to increasing demand from the paints & coatings industry. Another key factor driving growth of the hexylene market in North America is the focus of manufacturers on customization of products as per specific applications. Hexylene glycol is also prominently used as an antifreeze agent in North America, which is bolstering its sales in the region.
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HEXYLENE GLYCOL MARKET TAXONOMY
The global hexylene glycol market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Grade
- Pharmaceutical
- Industrial
Application
- Solvents
- Chemical Intermediates
- Antifreeze
- Others
End Use
- Construction
- Adhesives
- Concrete Additives
- Drugs
- Pharma Equipment
- Formulating Agents
- Paints & Coatings
- Chemicals
- Oil & Gas
- Leather & Textiles
- Others
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation/Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Hexylene Glycol Market Demand Analysis 2014-2021 and Forecast, 2022-2029
To be continued…!
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