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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
1-Hexene Market was valued at US$ 132.1 million in 2023 and is poised to grow at a CAGR of 5.2% over 2024-2030. 1-Hexene is a chemical molecule with the molecular formula C6H12 that is used in the manufacturing of high-density polyethylene (HDPE) and other industrial chemicals. The increased use of high-density polyethylene (HDPE) in various industries, including packaging, construction, and automotive is expected to drive the market. According to the International Trade Administration, U.S. Department of Commerce, in 2020, U.S. light vehicle sales were 14.5 million units in the automotive industry. Furthermore, the rising demand for flexible and rigid packaging materials, and the demand for 1-hexene as a comonomer in HDPE has increased and is expected to propel the market in upcoming years.
Additionally, manufacturers of 1-hexene have an opportunity to investigate more environmentally friendly production techniques and create sustainable materials because sustainability and environmental consciousness are becoming more and more important. Currently, the production of 1-hexene from bio-based sources has become popular in the market. For instance, according to a research article, in 2019, high-performance jet fuel was derived from bio-based alkenes 1-hexene, isoprene, and 1-pentene, catalysed by a low-valent iron pyridine(diimine) complex. But, the volatility of crude oil and natural gas prices along with the adoption of stringent environmental regulations and increasing pressure to reduce greenhouse gas emissions for various industries may hinder the market growth. However, the new technological trends significant research and development initiatives, entry of players who focus on price-sensitive consumers, and high commercial value in the polymer industry are anticipated to burgeon the market during the forecast years.
Study Period
2024-2030Base Year
2023CAGR
5.2%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The market is expected to rise as the demand for the production of polyethylene for construction-related products has increased tremendously including pipelines, wires, and insulation materials. 1-Hexene is primarily used as a comonomer in the manufacture of HDPE. The strength, durability, and chemical resistance of HDPE makes it a versatile and frequently used plastic. It is used in many different industries, including packaging, building, the automotive industry, and others. Additionally, it's employed in the packaging sector to create bottles, containers, plastic bags, and films. It is preferred because it can act as a barrier against chemicals and moisture, making it excellent for packing a variety of products. In addition, a large variety of consumer products, including toys, furniture, and storage containers, are made from HDPE. It is a popular option in this industry because of its adaptability and price.
Asia Pacific dominates the market and is poised to grow at 5.8% CAGR over the forecast period owing to the increased demand for Polyethylene are for manufacturing food packaging, plastic cutlery, and others in the region. The region's chemical sector is expanding owing to rising populations and rapid economic development in China and India. High regional GDP growth is also driving industrial production and chemical sector expansion, which is anticipated to be reflected into rising 1-Hexene demand.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 132.1 million |
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Market CAGR |
5.2% |
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By Application |
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By End User |
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By Region |
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Download Free Sample Report
The 1-Hexene market valued at US$ 132.1 million in 2022 and is expected to grow at 5.2% CAGR over the forecast period 2023 – 2029.
The increased use of high-density polyethylene (HDPE) in various industries, including packaging, construction, and automotive drives the market.
Chevron Phillips Chemical Company, Hefei TNJ Chemical Industry Co., Ltd., Heze Sirloong Chemical Co., Ltd., Idemitsu Kosan Co.Ltd, INEOS, Jigs chemical, Merck KGaA, Mitsui Chemicals, Inc., Nizhnekamskneftekhim, Qatar Chemical Company Ltd (Q-Chem), Royal Dutch Shell plc, SABIC, Sasol, Saudi Polymers LLC, Spectrum Chemical, The Dow Chemical Company, The Linde Group, and WR International, LLC. are a few companies operating in 1-Hexene market.
Asia Pacific dominates the market and is anticipated to grow with 5.8% CAGR over the forecast period 2023-2029.
| 1.Executive Summary |
| 2.Global 1-Hexene Market Introduction |
| 2.1.Global 1-Hexene Market - Taxonomy |
| 2.2.Global 1-Hexene Market - Definitions |
| 2.2.1.Application |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global 1-Hexene Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global 1-Hexene Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global 1-Hexene Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Polyethylene Production |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Heptanol Production |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Flavors |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Perfumes |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Dyes |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Resin |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global 1-Hexene Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Paper Industry |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Consumer Goods |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Chemical Industry |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Automotive Industry |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Packaging Industry |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Cosmetics & Pharmaceuticals Industry |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global 1-Hexene Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America 1-Hexene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Polyethylene Production |
| 8.1.2.Heptanol Production |
| 8.1.3.Flavors |
| 8.1.4.Perfumes |
| 8.1.5.Dyes |
| 8.1.6.Resin |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Paper Industry |
| 8.2.2.Consumer Goods |
| 8.2.3.Chemical Industry |
| 8.2.4.Automotive Industry |
| 8.2.5.Packaging Industry |
| 8.2.6.Cosmetics & Pharmaceuticals Industry |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe 1-Hexene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Polyethylene Production |
| 9.1.2.Heptanol Production |
| 9.1.3.Flavors |
| 9.1.4.Perfumes |
| 9.1.5.Dyes |
| 9.1.6.Resin |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Paper Industry |
| 9.2.2.Consumer Goods |
| 9.2.3.Chemical Industry |
| 9.2.4.Automotive Industry |
| 9.2.5.Packaging Industry |
| 9.2.6.Cosmetics & Pharmaceuticals Industry |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) 1-Hexene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polyethylene Production |
| 10.1.2.Heptanol Production |
| 10.1.3.Flavors |
| 10.1.4.Perfumes |
| 10.1.5.Dyes |
| 10.1.6.Resin |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Paper Industry |
| 10.2.2.Consumer Goods |
| 10.2.3.Chemical Industry |
| 10.2.4.Automotive Industry |
| 10.2.5.Packaging Industry |
| 10.2.6.Cosmetics & Pharmaceuticals Industry |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) 1-Hexene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polyethylene Production |
| 11.1.2.Heptanol Production |
| 11.1.3.Flavors |
| 11.1.4.Perfumes |
| 11.1.5.Dyes |
| 11.1.6.Resin |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Paper Industry |
| 11.2.2.Consumer Goods |
| 11.2.3.Chemical Industry |
| 11.2.4.Automotive Industry |
| 11.2.5.Packaging Industry |
| 11.2.6.Cosmetics & Pharmaceuticals Industry |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America 1-Hexene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polyethylene Production |
| 12.1.2.Heptanol Production |
| 12.1.3.Flavors |
| 12.1.4.Perfumes |
| 12.1.5.Dyes |
| 12.1.6.Resin |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Paper Industry |
| 12.2.2.Consumer Goods |
| 12.2.3.Chemical Industry |
| 12.2.4.Automotive Industry |
| 12.2.5.Packaging Industry |
| 12.2.6.Cosmetics & Pharmaceuticals Industry |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Chevron Phillips Chemical Company |
| 13.2.2.Hefei TNJ Chemical Industry Co., Ltd. |
| 13.2.3.Heze Sirloong Chemical Co., Ltd. |
| 13.2.4.Idemitsu Kosan Co. Ltd |
| 13.2.5.INEOS |
| 13.2.6.Jigs chemical |
| 13.2.7.Merck KGaA |
| 13.2.8.Mitsui Chemicals, Inc. |
| 13.2.9.Nizhnekamskneftekhim |
| 13.2.10.Qatar Chemical Company Ltd (Q-Chem) |
| 13.2.11.Royal Dutch Shell plc |
| 13.2.12.SABIC |
| 13.2.13.Sasol |
| 13.2.14.Saudi Polymers LLC |
| 13.2.15.Spectrum Chemical |
| 13.2.16.The Dow Chemical Company |
| 13.2.17.The Linde Group |
| 13.2.18.WR International, LLC. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.