- Polyethylene Production
- Heptanol Production
1-Hexene Market was valued at USD 132.1 million in 2022 and is poised to grow at a CAGR of 5.2% over 2023-2029. 1-Hexene is a chemical molecule with the molecular formula C6H12 that is used in the manufacturing of high-density polyethylene (HDPE) and other industrial chemicals. The increased use of high-density polyethylene (HDPE) in various industries, including packaging, construction, and automotive is expected to drive the market. According to the International Trade Administration, U.S. Department of Commerce, in 2020, U.S. light vehicle sales were 14.5 million units in the automotive industry. Furthermore, the rising demand for flexible and rigid packaging materials, and the demand for 1-hexene as a comonomer in HDPE has increased and is expected to propel the market in upcoming years.
Additionally, manufacturers of 1-hexene have an opportunity to investigate more environmentally friendly production techniques and create sustainable materials because sustainability and environmental consciousness are becoming more and more important. Currently, the production of 1-hexene from bio-based sources has become popular in the market. For instance, according to a research article, in 2019, high-performance jet fuel was derived from bio-based alkenes 1-hexene, isoprene, and 1-pentene, catalysed by a low-valent iron pyridine(diimine) complex. But, the volatility of crude oil and natural gas prices along with the adoption of stringent environmental regulations and increasing pressure to reduce greenhouse gas emissions for various industries may hinder the market growth. However, the new technological trends significant research and development initiatives, entry of players who focus on price-sensitive consumers, and high commercial value in the polymer industry are anticipated to burgeon the market during the forecast years.
Fastest Growing Market
The market is expected to rise as the demand for the production of polyethylene for construction-related products has increased tremendously including pipelines, wires, and insulation materials. 1-Hexene is primarily used as a comonomer in the manufacture of HDPE. The strength, durability, and chemical resistance of HDPE makes it a versatile and frequently used plastic. It is used in many different industries, including packaging, building, the automotive industry, and others. Additionally, it's employed in the packaging sector to create bottles, containers, plastic bags, and films. It is preferred because it can act as a barrier against chemicals and moisture, making it excellent for packing a variety of products. In addition, a large variety of consumer products, including toys, furniture, and storage containers, are made from HDPE. It is a popular option in this industry because of its adaptability and price.
The 1-Hexene market valued at USD 132.1 million in 2022 and is expected to grow at 5.2% CAGR over the forecast period 2023 – 2029.
The increased use of high-density polyethylene (HDPE) in various industries, including packaging, construction, and automotive drives the market.
Chevron Phillips Chemical Company, Hefei TNJ Chemical Industry Co., Ltd., Heze Sirloong Chemical Co., Ltd., Idemitsu Kosan Co.Ltd, INEOS, Jigs chemical, Merck KGaA, Mitsui Chemicals, Inc., Nizhnekamskneftekhim, Qatar Chemical Company Ltd (Q-Chem), Royal Dutch Shell plc, SABIC, Sasol, Saudi Polymers LLC, Spectrum Chemical, The Dow Chemical Company, The Linde Group, and WR International, LLC. are a few companies operating in 1-Hexene market.
Asia Pacific dominates the market and is anticipated to grow with 5.8% CAGR over the forecast period 2023-2029.