As per this study the Global Hexylene Glycol Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Hexylene glycol or HG is a viscous, colorless, low-evaporating liquid possessing mild sweet odor. IUPAC name or chemical nomenclature of hexylene glycol is 2-Methyl-2,4-pentanediol (MPD). It is used in coatings, cleansers, hydraulic fluids and personal care products on account of its high viscosity and low volatility. Apart from this, it is commonly used in laboratories as precipitant and cryoprotectant to preserve biological substance from freezing damage.
Growing demand from chemical, leather, paints and coating, cosmetic and other end-use industries is driving the market growth. Growing usage across various industries as a surfactant, anti-caking agent, precipitant, cryoprotectant, and the coupling agent is boosting the market demand. In spite of this, dependency on raw material leading to high cost of hexylene glycol and availability of better substitute are some of the factors restraining the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of hexylene glycol.
The broad hexylene glycol market has been sub-grouped into grade, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Chemical Intermediate
- Paint & Coating
- Oil & Gas
- Leather & Textile
- Drugs, Cosmetic & Personal Care
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for hexylene glycol in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Hexylene Glycol Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the hexylene glycol market include Arkema Group, BASF SE, DowDupont, FINAR LIMITED, Lonza Group, Monument Chemicals, Inc., Praasol Chemicals Ltd, SOLVAY S.A., Solventis Ltd. and SRL Pvt Ltd. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.