Hexylene Glycol Market Size to Swell 1.3X by 2029
The chemical industry has been a global outperformer in terms of total returns to shareholders (TRS), resulting in high hopes for sustainable growth. Despite economic uncertainties, globally, the chemical industry - a consistent revenue generator - continues to offer a plethora of lucrative opportunities. Within the industry, specialty chemicals have been seeing substantial sales, driven by changing industrial policies and end-market growth. Combined, these trends are contributing to value-creation growth prospects for the hexylene glycol market. As suggested by a new FMI report, worldwide revenue of the hexylene glycol market will inflate nearly 1.3X over 2019-2029.
Frequently Asked Questions about Hexylene Glycol Market
Which application area holds potential growth opportunities for hexylene glycol market players?
Solvent application is considered to be a dominant segment in the market. Hexylene glycol is a clear, colorless liquid, and is miscible in nature. Owing to these characteristics, it is considered as a direct solvent. Growing application in pharmaceuticals and household & personal care products is likely to surge the demand for hexylene glycol in the future.
Which region is expected to lead the global sales of hexylene glycol?
North America remains in the vanguard of the global hexylene glycol market. China and India are emerging regions in the global hexylene glycol market. Manufacturers in China are continuously working to attain self-sufficiency of hexylene glycol to reduce imports from overseas markets.
Which market dynamics will affect the global hexylene glycol market?
Hexylene glycol is used as a solvent in the paints & coatings industry. Due to rise in construction activities across the globe, the consumption of hexylene glycol will surge over the forecast period. However, increasing demand for bio-based products can be a barrier to the growth of the global hexylene glycol market.
How will the hexylene glycol market fare in the future?
There has been a rise in the demand for viscosity reducing agents, emulsifiers, and surfactants in personal care, grooming, and cosmetic products. Hexylene glycol reduces the viscosity of creams, lotions, emollients, and moisturizing products so that they can be easily applied on the skin. Increasing sales and related production of end-use personal care products, in turn, is expected to boost the demand for hexylene glycol over the forecast period.
What is the degree of competition in hexylene glycol market?
The global hexylene glycol market is consolidated in nature, with a limited number of regional and local players operating in the market. Some key players such as BASF SE, Arkema Group, Lonza Group, and Dow DuPont are estimated to account for a prominent share of the global market.
Manufacturers Target Paints & Coatings Industry
Notable upswing in construction spending and automotive production, worldwide, is translating into increasing demand for paints & coatings that offer better durability, easier applicability, and higher cost-efficiency. Hexylene glycol, given its low volatility and high viscosity, is finding immense utilization in paints and coatings. The compound is also becoming commonplace in drugs as a formulating agent and pharmaceutical excipient. Further, market players are focusing on unlocking value in the chemical and oil & gas sectors to substantially increase revenue and margins.
Rampant Chemical Production Underpins Asian Market
Asia, contributing around half of hexylene glycol market revenue, continues to offer investment prospects to manufacturers. Demand upheaval for paints & coatings from certain end-use sectors such as construction and automotive is expected to drive the consumption of hexylene glycol in the region. Further, widespread availability of production technology and abundance of raw materials and capital finances are influencing market players to shift their manufacturing facilities to Asia. Going forward, while China appears to showcase the fastest-growing leading chemical market, the industry in India is well-placed to capitalize on near-term opportunities.
Cosmetics & Personal Care Industry - A Potential Commercial Lever
Hexylene glycol is generally used in the cosmetics & personal care industry for eye makeup products - eye creams, anti-wrinkle products, skin care eye blossoms, and concealers - owing to its functionality as a surfactant, emulsifier, and viscosity reducing agent. The organic compound attracts oil, dirt, and other impurities accumulated on the skin (surfactant), helps droplets disperse and form a stable emulsion (emulsifier), and aids the formulation to spread easily throughout the skin (viscosity reducing agent). Manufacturers must thus tap this value-creating potential to shape overall market performance.
Industrial grade continues to define revenue pool
Pharmaceutical grade to see greater consumption
High application in solvents
Adoption in chemical intermediates to decline
Paints & coatings account for higher adoption
Usage in drugs to remain stable
How Growth will Unfold
Capturing over half of overall demand, the usage of hexylene glycol as a solvent across various sectors - oil & gas, pharmaceuticals, and textiles - would remain prominent. This swelling adoption is characterized by its excellent miscibility and low evaporation rate attributes. On the other hand, top-line growth of the global chemical sector is fueling the consumption of hexylene glycol as a chemical intermediate to produce finished products for various end-use industries. Increasing scope of application in antifreeze purposes is further offering white spaces to manufacturers.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Hexylene Glycol Market Analysis 2019-2029
A recent market study published by FMI on the hexylene glycol market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the hexylene glycol market, growth prospects of the market are obtained with maximum precision.
Hexylene Glycol Market Taxonomy
The global hexylene glycol market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Chemical Intermediates
- Concrete Additives
- Pharma Equipment
- Formulating Agents
- Paints & Coatings
- Oil & Gas
- Leather & Textiles
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The report begins with the executive summary of the hexylene glycol market, which includes summary of key statistics and findings of the market. It also includes the supply and demand-side trends related to the hexylene glycol market.
Readers can find the definition and a detailed taxonomy of the hexylene glycol market in this chapter, which will help them understand the basic information about the hexylene glycol market. Along with this, comprehensive information pertaining to hexylene glycol and its properties is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the hexylene glycol market report.
The hexylene glycol market report provides key market trends that are projected to considerably impact growth during the forecast period. Detailed industry trends are also offered in this section.
This section includes key success factors and strategies adopted by key market players.
This section explains the global market volume analysis and forecast for the hexylene glycol market during the forecast period of 2019-2029. This chapter also includes a detailed analysis of the historical hexylene glycol market.
In this section, pricing analysis of the hexylene glycol market by type at regional level has been provided.
This section explains the global market value analysis and forecast for the hexylene glycol market during the forecast period of 2019-2029. This chapter provides a detailed analysis of the historical hexylene glycol market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).
This chapter explains the key macro-economic factors that are projected to influence the growth of the hexylene glycol market during the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, forecast and relevance factors, patent analysis and value chain analysis for the hexylene glycol market. Moreover, in-depth information about the market dynamics and impact analysis on the market have been provided in the successive section.
On the basis of grade, the hexylene glycol market is segmented pharmaceutical and industrial. In this chapter, readers can find information about the key trends and developments in the hexylene glycol market and market attractiveness analysis based on the type.
On the basis of end use, the hexylene glycol market is segmented into construction, which is sub-segmented into adhesives and concrete additives; drugs, which is sub-segmented into pharma excipients and formulating agents, paints & coatings, chemicals, oil & gas, leather & textiles, and others. In this chapter, readers can find information about the key trends and developments in the hexylene glycol market and market attractiveness analysis based on the end use.
On the basis of application, the hexylene glycol market is segmented into solvents, chemical intermediates, antifreeze, and others. In this chapter, readers can find information about the key trends and developments in the hexylene glycol market and market attractiveness analysis based on application.
This chapter explains how the hexylene glycol market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America hexylene glycol market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis and market growth based on the type and application in North America.
This chapter provides the growth scenario of the hexylene glycol market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the hexylene glycol market based on its application in several countries such as Germany, Italy, the U.K., France, Spain, BENELUX, Russia, Poland, Nordic and the Rest of Europe are included in this chapter.
India, Malaysia, Indonesia, Thailand, and the Rest of South Asia are the prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia hexylene glycol market. In this chapter, readers can find detailed information about the growth parameters of the South Asia hexylene glycol market during the forecast period of 2019-2029.
This chapter highlights the growth of the hexylene glycol market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers to understand the key factors that are responsible for the growth of the hexylene glycol market in East Asia.
This chapter provides information about how the hexylene glycol market is anticipated to grow in major countries of the Oceania region such as Australia and New Zealand, during the forecast period of 2019-2029.
This chapter provides information about how the hexylene glycol market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, and the Rest of MEA, during the forecast period of 2019-2029.
This section highlights growth prospects of the hexylene glycol market for emerging markets of China, India, and Indonesia.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the hexylene glycol market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the hexylene glycol market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are BASF SE, Solventis Ltd. Solvay S.A., Monument Chemicals, Inc., DowDupont, BASF SE, Lonza Group, Finar Limited, LANXESS, and Praasol Chemicals Ltd, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the hexylene glycol market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the hexylene glycol market.
How the research was conducted?
- C - Level Executives
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- Industry Experts
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- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
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- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
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