Hexylene glycol refers to a colorless organic compound, also known as 2-methyl-2, 4-pentanediol (MPD). By nature, hexylene glycol is viscous and is miscible in water, fatty acids, and organic solvents. The process of hydrogenation produces it with the use of diacetone alcohol. Hexylene glycol possesses low volatility and high emulsion-stabilizing properties. It is used in the coating applications and finds applications as a setting agent in textile manufacturing and as an intermediate for pharmaceutical and agrochemical synthesis.
MARKET DYNAMICS
An increase in the demand for viscosity reducing agents, emulsifiers and surfactants in cosmetics and personal care products drives the growth of hexylene glycol market. Besides this, growing demand from chemicals, leather and paintings & coating industry also drives the growth. However, exceeding the limit of airborne exposure to hexylene glycol causes throat infections and irritates the nose. This factor hampers the growth of hexylene glycol market. An increase in the usage of hexylene glycol as anti-caking agent, precipitant and coupling agent is expected to drive the growth of the hexylene glycol market in the years to come.
MARKET SCOPE
The "Global Hexylene Glycol Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hexylene glycol market with detailed market segmentation by grade, application, end use and geography. The global hexylene glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hexylene glycol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hexylene glycol market is segmented on the basis of grade, application and end use. On the basis of grade, the hexylene glycol market is segmented into pharmaceutical and industrial. As per application the hexylene glycol market is bifurcated into solvents, chemical intermediate, antifreezes and others. The hexylene glycol market on the basis of end use is broken into paint & coating, chemical, oil & gas, construction and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hexylene glycol market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hexylene glycol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hexylene glycol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hexylene glycol market in these regions.
MARKET PLAYERS
The reports cover key developments in the hexylene glycol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hexylene glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for hexylene glycol market in the global market. Below mentioned is the list of few companies engaged in the hexylene glycol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arkema Group
- BASF SE
- Bax Chemicals B.V.
- Finar Limited
- Lanxess AG
- Lonza Group AG
- Monument Chemicals, Inc.
- Prasol chemicals Ltd.
- Solvay S.A
- Solventis Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.