1,6-Hexanediol Market: By Raw Material (Cyclohexane, and Adipic Acid), Application (Polyurethanes, Coatings, Acrylates, Adhesives, Polyester Resins, Plasticizers, and Others), End User Industry (Marine, Construction, Paints and Coatings, Automotive, and Transportation, Pipe and Tanks, Electrical and Electronics and Wind Energy), and Geography

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1,6-Hexanediol Market was valued at USD 1,023.8 million in 2022 and is poised to grow at a CAGR of 7.6% over 2023-2029. 1,6-Hexanediol is a chemical compound prepared by the hydrogenation of adipic acid or its esters and is a type of diol, that is used in the production of various products, including polymers, coatings, and cosmetics. The rising demand for various polymers, including polyurethanes and polyester resins in automotive, construction, and packaging industries is expected to drive the market. According to ACEA, May 2023 report, in 2022, 85.4 million motor vehicles were produced around the world, an increase of 5.7% compared to 2021. Furthermore, the increased demand for coatings and paints in the construction and automotive sectors, where 1,6-Hexanediol is used as a component to improve performance and durability is anticipated to propel the market demand.

In Addition, the advancement in the cosmetics and personal care industry to develop effective skincare and beauty products has provided several opportunities for manufacturers to develop new formulations and applications for 1,6-Hexanediol to align with consumer preferences for natural and effective ingredients. Currently, the availability of options to customize chemical solutions, and formulations of 1,6-Hexanediol to tailor to meet specific industry needs has become popular in the market. But the adoption of strict regulatory compliance, safety, and environmental standards by several country’s governments for chemical industries may hinder market growth. However, the increased demand from several end-user industries, increased key market players, and increased investments by the government are anticipated to burgeon the market growth during forecast years.

1,6-Hexanediol Market Key Developments:
  • In June 2022, BASF calculated the individual product carbon footprints (PCF) of a large part of its portfolio and announced 1,6-Hexanediol (HDO) as one of its “LowPCF” intermediates with a mission to achieve net zero CO2 emissions by 2050.
  • In September 2018, BASF SE announced to raise the 1,6-Hexanediol production capacity at its Ludwigshafen Verbund plant by more than 50%. 1,6-Hexanediol will be able to be produced at a rate of more than 70,000 metric tons annually after this expansion. High-growth industries including automotive, furniture, and packing will employ the 1,6-hexanediol that the facility produces.

1,6-Hexanediol Market Summary

Study Period

2023-29

Base Year

2022

CAGR

7.6%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
1,6-Hexanediol Market Dynamics

The market is expected to rise due to increased usage of polyurethane in the construction industry, consumer products industry, and automotive industry has increased tremendously. The need for polyurethanes' sub-applications or derivatives, such as thermoplastic polyurethane elastomers, coatings, and foams, across numerous geographies, is a key driver of the material's growth. Additionally, the increased demand for flexible foams that are made from PU used extensively to make furniture components including carpet, seat cushions, and mattress padding drives the market. Owing to the durability, flexibility, and versatility of 1,6-Hexanediol is used in various industries. Furthermore, the increased demand for foams and coatings for insulation, roofing, and sealants in the construction industry drives the market. For instance, in December 2022, Dow launched the V PLUS Perform next, an evolution of its legacy V PLUS Perform polyurethane technology for insulated metal panels for buildings that require energy-efficient insulation with decreased embodied carbon

Key Features of the Reports

  • The 1,6-hexanediol market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

1,6-Hexanediol Market Segmentation

By Raw Material
  • Cyclohexane
  • Adipic Acid
By Application
  • Polyurethanes
  • Coatings
  • Acrylates
  • Adhesives
  • Polyester Resins
  • Plasticizers
  • Others
By End User
  • Marine
  • Construction
  • Paints and Coatings
  • Automotive, and Transportation
  • Pipe and Tanks
  • Electrical and Electronics
  • Wind Energy

Frequently Asked Questions

The 1,6-Hexanediol market valued at USD 1,023.8 million in 2022 and is expected to grow at 7.6% CAGR over the forecast period 2023 – 2029.

BASF SE (Germany), LANXESS (Germany), UBE Corporation (Japan), Zhejiang Lishui Nanming Chemical Co., Ltd. (China), Hefei TNJ Chemical Industry Co., Ltd. (China), Perstorp (Sweden), Technology Ltd (U.K.), Zhengzhou Meiya Chemical Products Co., Ltd (China), Prasol Chemicals Limited. (India), Henan Tianfu Chemical Co., Ltd (China), and YUANLI SCIENCE AND TECHNOLOGY (China) are a few companies operating in the 1,6-Hexanediol market.

Asia Pacific dominates the market and is anticipated to grow with 8.1% CAGR over the forecast period 2023-2029.

  • BASF SE (Germany)
  • LANXESS (Germany)
  • UBE Corporation (Japan)
  • Zhejiang Lishui Nanming Chemical Co., Ltd.  (China)
  • Hefei TNJ Chemical Industry Co., Ltd. (China)
  • Perstorp (Sweden), Technology Ltd (U.K.)
  • Zhengzhou Meiya Chemical Products Co., Ltd (China)
  • Prasol Chemicals Limited. (India)
  • Henan Tianfu Chemical Co., Ltd (China)
  • YUANLI SCIENCE AND TECHNOLOGY (China)