1,6-Hexanediol Market Size & Share (2022-27) | Industry Growth

 

Market Overview:

During the forecast period, the global market for 1,6-Hexanediol is anticipated to expand at a CAGR of roughly 7%. The rising demand from the wind energy sector and the rising usage as a feedstock for creating chemical compounds are the main market-driving factors. However, the market’s expansion is being hampered by the availability of substitutes like butanediol and pentanediol as well as unfavourable circumstances brought on by the COVID-19 outbreak.

Scope of the Report:

Technology development and the creation of bio-based raw materials are predicted to open up new market opportunities for 1,6-Hexanediol.
Due to its extensive use in the paints and coatings industries, the polyurethane and coatings segments are anticipated to dominate the global 1,6-hexanediol market over the forecast period.

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