1,6-Hexanediol Market Projected to Reach $916.1 Million at a CAGR of 8.3% by 2019 – Report by MarketsandMarkets
(PRWEB) October 18, 2014 -- The report "1,6-Hexanediol Market by Application and By Geography - Trends and Forecasts to 2019", analyzes the global market on the basis of its components in order to understand the industry details such as the key drivers, current trends and growth opportunities across various geographic regions.
Browse 81 Market Data Tables and 29 Figures spread through 202 Slides and in-depth TOC on “1,6-Hexanediol Market by Application and by Geography - Trends and Forecasts to 2019".
http://www.marketsandmarkets.com/Market-Reports/1-6-hexanediol-hdo-market-1080.html
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According to MarketsandMarkets, the global 1,6-Hexanediol market is steadily driven by the key global players and the quality of their products across the key geographic regions around the world. According to the report, Europe is the largest region in the market, which is seconded by the regions like Asia Pacific and North America. The leading market players have integrated their value chains. As per the report, it reduces the influence of the external environments on their product economics. Infusion of the growth strategies by the key players is also suggested by the report, which is done in order to sustain strongly growing requirements across the high demand-oriented parts of the world.
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According to the report, despite possessing sufficient capacities of 1,6-Hexanediol, its captive consumption creates shortage of these products, especially across the end-user industries. The key players in the industry are constantly expanding the supply capacities in order to fulfill the increased demand around the world. According to the report, a Sweden-based leading fine chemicals company, Perstorp AB, recently entered the 1,6-Hexanediol market, banking on the opportunity of the increasing end-user demand. Lanxess also partenered with BioAmber Inc. (U.S.), which is cited to be a global leader in succinic acid, plasticizers, 1,6-Hexanediol and derivatives, and bio-derivatives. BioAmber already has a license to make the C6 derivatives such as adipic acid, hexamethylene diamine and 1,6-Hexanediol from sugar as a bio-renewable resource.
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Scope of the Report:
On the basis of Applications: polyurethanes, coatings, adhesives, plasticizers, acrylates, and unsaturated polyester resins
On the basis of Geography: North America, Europe, Asia-Pacific, and ROW
As explained in the report, the heightened demand from Asia Pacific region is projected to record high growth in the overall market. The report also expects several major companies to venture into the 1,6-Hexanediol market. These companies include U.S. chemical giant DuPont and Canadian BioAmber Inc., which has filed for the manufacturing patents for these products in 2012. According to the report, key players in the market are expected to adopt organic growth strategies, such as new product launches and geographic expansion on global scale in order to expand their overall business potential around the world.
The report suggests that the essential players in this market are currently engaging in innovations and research and development activities in order to produce highly influential, cost effective products and to gain penetration across the emerging markets. These products are manufactured adhering to the regulations set by environmental organizations and respective governments. As the report suggests, all such developments are estimated to create sustainable growth in the 1,6-Hexanediol market, especially during the next four to five years.
MarketsandMarkets suggests that the global 1,6-Hexanediol market is steadily driven by role that the important global players play in the market. the product quality and prices of these players are expected to play essential role in the key growth markets.
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