Bizizz Market Research has recently published a research report, “Hexylene Glycol Market by Application (Solvent, Antifreeze, Chemical Intermediate, and Others) by End-User (Construction, Pharmaceutical, Paints & Coatings, Textile, Chemicals, Oil & Gas, and Others) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Hexylene Glycol Market was valued at US$ XX Mn in 2018 and it is anticipated to reach at market value of US$ 3.9 Bn by 2027, witnessing a CAGR of 4.3 % during the forecast period. Key drivers of the market are rising demand from end-use industries coupled with benefits of the chemical.
The global market is driven by substantial end-market growth and changing industrial policies. The chemical has applications in multiple industries for several applications including paint & coating industry, construction, and oil & gas industry. This is supporting the rising sales scale of the chemical across the globe.
The Hexylene Glycol Market Is Anticipated To Register A CAGR Of Over 4.3 % During The Forecast Period.
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Based on Application, the Solvent Segment is Anticipated to Dominate the Global Market By Holding a Prominent Share Throughout The Forecast Period
Hexylene glycol have advanced properties like low evaporation and excellent miscibility which makes it applicable as a solvent in different industries. This is expected to favor the segment growth. The segment is projected to grow at a CAGR of 3.9 % during the firecast period of 2019-2027.
North AmericaIs Anticipated To Hold Prominent Share During the Forecast Period
In terms of region, North America is anticipated to lead the global market over the forecast period. The region occupied 35.3 % share in 2018. The growth of North America can be credited to presence of prominent players such as BASF and growing end-use sectors across the region. Furthermore, Europe is expected to be the second highest share holder in global market. This is mainly due to increasing demand for hydraulic fluids in automotive industry coupled with developed automotive sector in European countries.
The global market is consolidated with few global players. Companies are focused on research and development activities to develop more advanced and effective Hexylene Glycols intended to increase their customer base which will eventually affect their market share in a positive manner. Also, the manufacturers are engaged in strategic alliances in order to strengthen their foothold in global market.
Prominent players operating in the Global Hexylene Glycol Market are: Prasol chemicals Ltd, BASF SE, Finar Limited, Solvay S.A, Lanxess, DowDupont, Lonza Group, Arkema Group, Monument Chemicals, Inc., and Solventis Ltd., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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