1,6-Hexanediol Market - Forecasts from 2023 to 2028

The 1,6- hexanediol market is expected to grow at a CAGR of 6.07% from US$636.385 million in 2021 to US$961.387 million in 2028.1,6-Hexanediol is a type of organic compound belonging to the family of diols, which are molecules that contain two hydroxyl (-OH) groups. It is commonly used in various industries, including cosmetics, personal care products, coatings, and adhesives. Its chemical structure comprises a six-carbon chain with hydroxyl groups attached to the first and sixth carbon atoms. One of the main uses of 1,6-hexanediol is as a component in producing polyester resins, which are used to make a wide range of products, such as textiles, packaging materials, and plastics. It is also used as a monomer to produce certain polymers, such as polyesters and polyurethanes. In addition, it can be used as a solvent in some chemical reactions.

1,6-hexanediol is a versatile compound with various applications in different industries. Its properties make it useful as a building block for multiple types of polymers and resins, as well as a useful ingredient in cosmetics and personal care products.

The 1,6- Hexanediol market is driven by growing demand from end-use industries, economic growth, and industrialization.The demand for 1,6-hexanediol is expected to increase due to the rising popularity of personal care products and the growing demand for high-quality coatings and adhesives. In the personal care industry, 1,6-hexanediol is used as a moisturizer, emollient, and preservative in various products such as moisturizers, serums, and creams. The demand for these products has increased due to rising awareness about skin health and beauty. Additionally, 1,6-hexanediol is used to produce polyester resins, which are widely used in coatings and adhesives. Moreover, in January 2021, researchers published a study in the US National Library of Medicine that discusses the use of 1,6-hexanediol as a control to dissolve liquid-liquid phase separation (LLPS) assemblies in various studies and the potential side effects of this alcohol on enzyme activities.

Further, economic growth and industrialization are key drivers of the 1,6-hexanediol market. As economies grow, the demand for various products and materials increases, including 1,6-hexanediol. The industrialization of developing countries is also expected to drive the growth of the 1,6-hexanediol market. For example, the increasing demand for high-quality coatings and adhesives in the construction and automotive industries in countries such as China and India is expected to drive the demand for 1,6-hexanediol. Additionally, the growth of the packaging industry is expected to drive the demand for polyester resins made from 1,6-hexanediol, as they are widely used to produce various packaging materials such as bottles, films, and fibers.

Based on application, the 1,6- Hexanediol market is expected to witness positive growth in the polyester resins segment.The 1,6-hexanediol market is heavily influenced by the demand for polyester resins, being one of its largest applications. The growth of the construction and automotive industries is driving the demand for polyester resins, which is, in turn, driving the need for 1,6-hexanediol. The growing demand for composites in the aerospace, automotive, and wind energy industries is also accelerating the demand for resins. These composites are lightweight and strong, making them ideal for applications where weight reduction is critical, such as aircraft and automobiles. Polyester resins are used as a matrix material in composites, and 1,6-hexanediol is a key raw material in producing these resins. In addition to composites, polyester resins are used in many other applications, such as coatings, adhesives, and laminates. The growing construction industry is driving the demand for coatings and laminates, boosting the demand for compounds.

Asia Pacific accounted for a significant share of the global 1,6- Hexanediol market.Based on geography, the 1,6-Hexanediol market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The electronics and electrical industries in the Asia-Pacific region are experiencing significant growth, particularly in countries like Japan, South Korea, and Taiwan. 1,6-hexanediol is used as a raw material in producing various electronic and electrical components, such as printed circuit boards (PCBs) and LED screens. These components are widely used in electronic devices such as smartphones, tablets, televisions, and computers. The growing demand for these devices is driving the demand for 1,6-hexanediol in the region. The governments in the Asia-Pacific region are promoting the use of composites in various industries, such as aerospace, wind energy, and transportation. Composites are lightweight and durable materials made by combining different materials, including 1,6-hexanediol. The use of composites is seen as a sustainable solution for reducing vehicle weight and increasing fuel efficiency, which is a major concern for regional governments.

Market Segmentation:

By Application

• Acrylates
• Polyurethane
• Polyester Resins
• Plasticizers
• Coatings
• Adhesives
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East And Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• India
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others