R&D will be a key part of the 1,6-Hexanediol Market, as newer applications such as UV curable resins, epoxy resin systems, a potential nylon 6 precursor, and alkyd resins can be the vital drivers of the overall market. The manufacturing companies, research associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of 1,6-Hexanediol to match the new demands coming from various end-user industries.
Europe is the largest region, both in terms of volume and value, followed by Asia-Pacific and North America. India, China, Brazil, and Russia are expected to persist as successful markets. The key players in the global 1,6-Hexanediol Market are BASF (Germany), Ube Industries (Japan), Lanxess (Germany), Lishui Nanming Co., Ltd. (China), Fushun Tianfu Chemicals Co., Ltd. (China), and Perstorp AB (Sweden).
The emerging South-East Asian nations that host the global events related to chemical industry would supplement the growth of 1,6-Hexanediol Market. An improved growth in industrial manufacturing, local end-user production, and increasing population in emerging economies will drive the consumption of 1,6-Hexanediol. Also, the key exporters besides the players in China to these countries, mainly the important global manufacturers, such as BASF,
Ube Industries, and Laxness have been expanding the capacity of 1,6-Hexanediol in the recent past. It depicts the rising demand from South-East Asia as well as China and India in the overall Asia-Pacific region.
The 1,6-Hexanediol demand, in terms
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