India 1
India`s import shipments of 1,6-hexanediol saw significant growth in 2024, with top exporting countries including Indonesia, Thailand, Malaysia, Netherlands, and Germany. The market remained highly concentrated, as indicated by the high HHI. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 22.17%, showcasing a robust upward trend. Additionally, the growth rate from 2023 to 2024 was notable at 13.19%, indicating continued expansion and strong demand for 1,6-hexanediol in the Indian market.
6-hexanediol market
India 16 Hexanediol Market Synopsis
The hexanediol market in India is expected to reach USD 173.1 million by 2025 with a CAGR of 6.3%. The demand for hexanediol has been increasing due to its varied applications in adhesives & sealants, coating additives, plasticizers and other industrial uses such as solvents, detergents, etc., and is anticipated to continue growing during the forecast period (2025-2031). The major players operating in this market are ExxonMobil Chemical Company (U.S.), LG Chem Ltd. (South Korea), DOW Corning Corporation (U.S.), Bharat Petroleum Corporation Limited (India), among others.
Drivers of the market
The India 1,6 Hexanediol market is experiencing growth as various industries, including automotive, electronics, and pharmaceuticals, drive the demand for this chemical intermediate. This market`s outlook is driven by factors such as the increasing need for 1,6 Hexanediol in polymer and resin production, the growth of the automotive and coatings sectors, and the adoption of 1,6 Hexanediol for its role in enhancing properties such as flexibility, hardness, and moisture resistance in end products. Additionally, the development of bio-based and eco-friendly 1,6 Hexanediol and the rising focus on sustainable and green chemical solutions are further contributing to market growth.
Challenges of the Market
The India 1,6 hexanediol market is experiencing growth as the chemical industry seeks high-quality and sustainable raw materials. This market`s outlook is driven by factors such as the increasing demand for 1,6 hexanediol in the production of polyurethanes, coatings, and adhesives, the growth of the automotive and construction sectors, and the adoption of hexanediol for its excellent chemical and physical properties. Additionally, the development of bio-based and eco-friendly hexanediol and the rising focus on green and renewable chemicals are further contributing to market growth. However, the market also faces challenges such as the volatility of raw material prices and the need for stringent quality control in manufacturing processes.
Covid-19 Impact on the Market
The India 1,6 hexanediol market is experiencing growth as the chemical industry utilizes the compound in various applications. This market`s outlook is driven by factors such as the increasing demand for 1,6 hexanediol in the production of coatings, adhesives, and plastics, and the adoption of the compound for its excellent performance in chemical processes and end products. Additionally, the development of sustainable and bio-based 1,6 hexanediol and the rising focus on environmentally friendly chemicals are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in manufacturing activities and supply chain challenges. However, it is expected to recover as economic conditions improve and demand for chemical products resumes.
Key Players of the Market
The India 1,6 hexanediol market includes key players that contribute to the production and supply of this chemical compound. Companies like BASF India Limited, LANXESS India Private Limited, and Perstorp Chemicals India Pvt. Ltd. are major players in the sector. These companies are involved in the production of 1,6 hexanediol, which finds applications in various industries, including coatings, adhesives, and textiles.
Key Highlights of the Report:
- India 1,6-Hexanediol Market Outlook
- Market Size of India 1,6-Hexanediol Market, 2024
- Forecast of India 1,6-Hexanediol Market, 2031
- Historical Data and Forecast of India 1,6-Hexanediol Revenues & Volume for the Period 2021-2031
- India 1,6-Hexanediol Market Trend Evolution
- India 1,6-Hexanediol Market Drivers and Challenges
- India 1,6-Hexanediol Price Trends
- India 1,6-Hexanediol Porter's Five Forces
- India 1,6-Hexanediol Industry Life Cycle
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Raw Material for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Cyclohexane for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Adipic Acid for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Polyurethane for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Coatings for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Acrylates for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Adhesives for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Polyester Resins for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Plasticizers for the Period 2021-2031
- Historical Data and Forecast of India 1,6-Hexanediol Market Revenues & Volume By Others for the Period 2021-2031
- India 1,6-Hexanediol Import Export Trade Statistics
- Market Opportunity Assessment By Raw Material
- Market Opportunity Assessment By Application
- India 1,6-Hexanediol Top Companies Market Share
- India 1,6-Hexanediol Competitive Benchmarking By Technical and Operational Parameters
- India 1,6-Hexanediol Company Profiles
- India 1,6-Hexanediol Key Strategic Recommendations
