Global Hexylene Glycol (HG) Market Overview: 2020-2027
The global demand for the Hexylene Glycol (HG) market is expected to grow at a CAGR of xx%, xx% xx%, and xx% respectively in Europe, North America, APAC, and the Middle East. The Hexylene Glycol (HG) market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2027 at a CAGR of 3.7% from 2019 to 2027.
Hexylene Glycol (HG) is a clear, colorless liquid. The principal end uses of HG include industrial solvent, chemical intermediate, cosmetics, and excipient in pharmaceuticals, paints, and coatings. It is available in technical grade and NF grade. In personnel care & cosmetic, an industrial solvent, and antifreeze solutions it is used as a surfactant or emulsifying agent and in coating applications, it is used as oil and water-based paints, printing inks, lacquers, and varnishes. Other uses of Hexylene Glycol are used as a solvent in hydraulic fluids in coupling agents, textile, and cement formulations process pesticides formulations.
The market growth of Hexylene Glycol (HG) is driven by the factors such as increasing investment in the research & development, with the growth in the personal care & cosmetic industry, as Hexylene glycol is used as an emulsifier, surfactant, and viscosity reducing agents in the manufacturing of skincare and other cosmetic products there is a high demand for Hexylene glycol. Other factors that are driving the market growth are increasing demand from the agricultural industry and automotive industry. In the automotive industry, there is a high demand for Hexylene glycol as it is used as a coupling agent in hydraulic fluids. Hexylene Glycol can cause irritation to the throat, nose, wheezing, and coughing when it is exposed to air these factors may restrain the market growth. Rising demand from the paint & coating industry has made a positive impact on the sales Hexylene glycol market. The use of Hexylene glycol in hydraulic fluids has created many lucrative opportunities for the key players.
The report has profiled ten key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the Asia Pacific region. Major country’s policies about manufacturing and its impact on Hexylene Glycol (HG) demand are covered in the report.
Global Hexylene Glycol (HG) Market Segment Analysis
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The paint & coating segment is expected grow at a CAGR of xx% during the forecast period.
By grade, in 2019, the global paint & coating segment was xx% and it is estimated to grow at a market share of xx% by 2027. The paint & coating segment is dominating as there is increasing demand in the Viscosity reducing agents, Emulsifying agents, Surfactants building applications.
The personal care& cosmetic segment is the second-largest segment, the market growth is attributed to increasing consumers of personal care & cosmetic products. Hexylene Glycol is used for the manufacturing of skincare products for instance, in body location, soaps, and shampoos also help in emulsifying fats and oils.
The chemical intermediates segment is expected to grow at a CAGR of xx% during the forecast period and expected to reach xx% market share by 2027
By application, the growth in the chemical industry and manufacturer’s continuous research on developing chemical intermediates has made a positive impact on the market. Increasing demand for chemical intermediates from various end-use manufactures to increase their production and with the technological advancement many companies are coming up with new and better chemical intermediates that have made a positive impact on the market growth.
By application, the solvent segment is the second-largest segment which is expected to grow at a CAGR of xx% during the forecast period. The rapid pace in urbanization and industrialization have created a favorable business environment in developing economies like India, China, Malaysia, and Vietnam. Innovations and technological advancement in solvents has fuelled the market growth.
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Global Hexylene Glycol (HG) Market Regional Insights:
North America is expected to grow at a CAGR of xx% during the forecast period and is expected to reach USD$ XX Mn. by 2027
The market growth in North America is attributed to the favorable business environment, government policies, and manufactures investment for the development of the chemical industry. In North America, the production of oil & gas is expected to increase at USD$ xx Bn by 2027 this has led to a positive impact on the demand for Hexylene glycol market over the coming years as Hexylene glycol is used as a chemical intermediate, a selective solvent in petroleum refining.
Asia pacific is grow at a CAGR of xx% during the forecast period.
The construction industry in the Asia Pacific is expected to grow USD xx Bn by 2027, the market growth is attributed to increasing in per capita disposable income and in developing economies such as Vietnam, China, Indonesia, and India with the rise in construction activities is fuelling the demand for Hexylene glycol. Increasing demand for hydraulic fluids in the automotive industry as well as governments focusing on renewable energy and digital infrastructure has created many opportunities opening up for chemical key players.
The objective of the report is to present a comprehensive analysis of the global Hexylene Glycol (HG) market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global Hexylene Glycol (HG) market dynamics, structure by analyzing the market segments and project global Hexylene Glycol (HG) market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global Hexylene Glycol (HG) market make the report investor’s guide.
Global Hexylene Glycol (HG) Market, by Grade
• Cosmetics & personal care
• Paints & coatings
• Hydraulic fluid
Global Hexylene Glycol (HG) Market, by Application
• Chemical intermediates
Global Hexylene Glycol (HG) Market, by Functionality
• Viscosity reducing agents
• Emulsifying agents
Hexylene Glycol (HG) Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Global Key players operating in Hexylene Glycol (HG) Market
• BASF SE (Germany)
• The Dow Chemical Company (the U.S)
• E. I. du Pont de Nemours and Company (the U.S.)
• Saint-Gobain S.A. (France)
• Eastman Chemical Company (the U.S.)
• 3M Company (the U.S)
• Owens Corning (the U.S.)
• Akzo Nobel N.V (the Netherlands)
• Sika AG (Switzerland)
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