DUBLIN, Ireland - Research and Markets has added a new report to the company’s offerings that covers the market for 1,6-hexanediol.
The 1,6-hexanediol market, along with its end products, has witnessed an intense growth in the past few years, and this growth is estimated to continue in the coming years. The global 1,6-hexanediol market is projected to account for 186 kilotons of volume by 2019, signifying a robust growth rate of over 6.2% during the period of study.
High demand for 1,6-hexanediol is a result of growth in 1,6-hexanediol end-user industries in emerging economies, such as China, Japan, and India, and is backed by newer applications. Technological advancements, bio-raw-material developments, and innovative techniques developed for the use of 1,6-hexanediol will be the key influencing factors for the global market. There will be an increased emphasis on the current cost and on applications.
Currently, Europe is the largest consumer of 1,6-hexanediol. Among all the countries in Asia, China and India are the most important consumers of 1,6-hexanediol. China held the largest share of regional consumption in terms of volume of 1,6-hexanediol in 2013. The market size of 1,6-hexanediol in terms of volume is comparatively low in the ROW (rest of world) region, but is estimated to have a developing CAGR from 2014 to 2019. Almost 25.3% of the total 1,6-hexanediol demand in 2013 was for the production of polyurethane products.
Asia-Pacific and Europe are the most active markets in terms of strategic initiatives, owing to Asia-Pacific’s emerging markets and Europe’s mature markets. End-user industry growth, amplified local manufacturing, and an increased number of domestic players in vertical market segments in the Asia-Pacific region - such as coatings, polyurethanes, acrylates, and others - can be the important drivers in terms of consumption of 1,6-hexanediol.
For additional information about the report, 1,6-Hexanediol Market by Application (Polyurethanes, Coatings, Acrylates, Adhesives, Unsaturated Polyester Resins, Plasticizers, and Others) and By Geography (NA, Europe, Asia-Pacific, & ROW) - Trends and Forecasts to 2019, visit http://www.researchandmarkets.com/research/ts7wvq/16hexanediol.