hexylene glycol market

The Hexylene Glycol Market is expected to witness substantial growth over the forecast period, primarily driven by the increasing demand for solvents in the paints and coatings industry. Hexylene glycol finds extensive application as a solvent, making it a dominant market segment within the industry. Solvents play a crucial role in the formulation of paints and coatings, as they help dissolve and disperse various components, ensuring optimal performance and application characteristics. The growing construction and automotive sectors, coupled with rising consumer preference for aesthetically appealing and durable coatings, are fueling the demand for hexylene glycol in the paints and coatings industry.

The global hexylene glycol market was valued at around US$ 187 Million in 2021, with a market volume of 73,590 tons. Hexylene glycol is witnessing high demand in the personal care and cosmetics industry since it is used as a surfactant, emulsifier, and viscosity-reducing agent in several products.

Moreover, the growing utilization of hexylene glycol as a direct solvent in paints coatings, household and industrial cleaners, etc., is expected to pave the way for decent sales during the forecast period (2022-2029).

“Low evaporation rate and complete miscibility with water make hexylene glycol an excellent solvent. As a result, its application across several end-use industries is projected to rise, driving market growth over the forecast period.”

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Key Takeaways from Global Hexylene Glycol Market Study

• Pharmaceutical and industrial-grade hexylene glycol is likely to be sought-after in the future, owing to the growth of the pharma and construction industries.
• Demand for printing inks is rapidly increasing due to the rapid growth of the packaging industry. This factor will drive the growth of the hexylene glycol market, owing to its application in the formulation of printing inks.
• Growth prospects are high in emerging markets such as India and Indonesia. Companies are focusing on different strategies to ensure a good presence in both, emerging and matured markets. Since there are limited opportunities for hexylene glycol manufacturers in developed regions, manufacturers are focusing on emerging markets to capture a larger market share.
• East Asia, South Asia, and North America are expected to be prominent regions over the forecast period, owing to the presence of a large number of tier II III players in East Asia and tier I players in North America.

Hexylene Glycol Market: Competitive Landscape

The hexylene glycol market is fairly consolidated. Global players such as BASF SE, Solvay SA, Dow DuPont, and Lonza Group have invested strategically in the hexylene glycol market in the recent past, which suggests that major manufacturers are keeping tabs on the market, as it holds a lot of potential in the coming future.

Research development, coupled with the expansion of production capacity and footprint, remains the key strategy being followed by hexylene manufacturers to enhance productivity and capture new market opportunities.

Looking for More Information?

The market report on hexylene glycol published by Future Market Insights brings to the fore a pin-point analysis of the market and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global hexylene glycol market based on various categories – grade (pharmaceutical and industrial), application (solvents, chemical intermediates, antifreeze, and others), and end use (construction, drugs, paints coatings, chemicals, oil gas, leather textiles, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global hexylene glycol market. Some of the market players included in the report are BASF SE, Solvay SA, Dow DuPont, Lonza Group, LANXESS, and Arkema, among others.

Hexylene Glycol Market by Category

By Grade :

• Pharmaceuticals
• Industrial

By End-use :

• Construction
  • Adhesives
  • Concrete Additives
• Drug
  • Pharma Excipients
  • Formulating Agent
• Paints Coatings
• Chemicals
• Oil Gas
• Leather Textile
• Others

By Application :

• Solvent
• Chemical Intermediate
• Antifreeze
• Others

By Region :

• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania