Market Size of 1,6-Hexanediol Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.02 Billion |
| Market Size (2029) | USD 1.42 Billion |
| CAGR (2024 - 2029) | 6.98 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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1,6-Hexanediol Market Analysis
The 1,6-Hexanediol Market size is estimated at USD 1.02 billion in 2024, and is expected to reach USD 1.42 billion by 2029, growing at a CAGR of 6.98% during the forecast period (2024-2029).
The Covid-19 outbreak had a negative impact on various industries including the construction industry where 1,6-Hexanediol is used in the coatings. This has a negative impact on the market. However, in 2021 and 2022, the market has gained momentum which has led to pre-pandemic demand for 1,6-Hexanediol.
- Major factors driving the market studied are the increasing usage as feedstock for manufacturing chemical compounds and rising demand from the wind energy sector.
- On the other side, the availability of substitutes such as butanediol and pentanediol is hindering the growth of the market.
- Advancement in technology and the development of bio-based raw materials is expected to provide new opportunities for the 1,6-Hexanediol market.
- Europe region represents the largest market owing to the consumption from countries such as Germany and the United Kingdom.
