1,6-Hexanediol is a diol largely used as an intermediate in various application segments across different industry verticals. The 1,6-Hexanediol market is estimated to grow at a higher growth rate than the competing products, such as 1,4-Butanediol and 1,5-Pentanediol. It is a product with varied properties, such as high flexibility, high abrasion & heat resistance, excellent adhesiveness, and toughness to cater the higher functionality in end-user applications. These properties help in faster polymerization during its operational usage compared to other diols.
The global 1,6 Hexanediol Market is estimated to witness a robust growth due to the increasing number of applications in different vertical industries, such as polyurethanes, coatings, adhesives, acrylates, polyester resins, and plasticizers. To sustain and maintain strong growth in the future, the companies need to put in a lot investment as well as efforts in the research and development to come up with high quality and cost-effective 1,6-Hexanediol.
There are less human health hazards, environmental risks, and government regulations associated with 1,6-Hexanediol in different consumer application segments, globally. The key producers use 1,6-Hexanediol to produce their own value chain products. It is largely used as an intermediate in different product formations across the different application segments. Also, the in-house production of 1,6-Hexanediol allows to lower the overall cost of the end products for these companies. The leading manufacturers, such as BASF (Germany), Ube Industries (Japan), and Lanxess (Germany) are captive users of 1,6-Hexanediol for their polyester polyols and other products.
1,6-Hexanediol is used into different applications. These are polyurethanes, coatings, acrylates, adhesives, polyester resins, plasticizers, and others. The others segment is a potential high growth application segment that covers resins (alkyd, epoxy, UV curable), dyestuff, sizing agents, surfactants, and pesticides. The industry demanded application, namely polyurethanes, is largely used in different applications, such as rigid foams, flexible foams, coatings, elastomers, and adhesives & sealants due to their varied properties.
The Asia-Pacific region has tremendous opportunity for 1,6-Hexanediol market and its applications. This region emerged to be the driving factor for this market, contributing more than 27% of the global demand in 2012. It is projected to grow at a CAGR of 9.5% from 2014 to 2019. China is the largest country in the consumption of 1,6-Hexanediol due to the increased demand from polyurethanes, coatings, acrylates, and other manufacturing segments in the industry. The other emerging economies, such as Brazil, India, and Russia are further lined up for a brighter future in this market.
BASF, Ube Industries, Lanxess, Lishui Nanming Co. Ltd. (China), Fushun Tianfu Chemicals Co. Ltd. (China), and Perstorp Ab (Sweden) are the important manufacturers of 1,6-Hexanediol at the global level.