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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Hexylene Glycol Market: By Grade, By Application, By End User, and Geography
Hexylene Glycol Market: By Grade, By Application, By End User, and Geography
Hexylene Glycol Market size was valued at US$ 245.1 million in 2023 and is poised to grow at a significant CAGR of 4.1 from 2024 - 2030. Hexylene glycol is a primary solvent in many marketplaces such as coatings, cosmetics & fragrances, detergency, textiles & leather, and construction. Hexylene glycol is viewing high demand in the organic personal care and cosmetics industry, as used as an emulsifier, surfactant, and viscosity-reducing agent in many different products. This extensive application of hexylene glycol is projected to pave the way for strong demand during the forecast period. Thus, its application across numerous end-use industries is projected to rise, pushing the hexylene glycol market growth in the upcoming time. In the pharmaceutical industry, hexylene glycol demand has enumerated significant growth in the recent few years. In the coming years, rising investment in R&D and increasing healthcare expenditure are projected to grow significantly, which in turn, will increase the hexylene glycol market demand. The covid-19 pandemic harmed the world economy, with a quite lot of business lines being interrupted as a result of decreased demand from various end-use industries. Many industries, including construction, paints & coatings, and leather & textile, have suffered owing to worldwide lockdowns and restrictions. A decrease in demand from the customers and the low manufacturing rate of the industrial sector have given rise to in lesser demand for the product. All of these have pointedly impacted the supply chain network of the hexylene glycol market trend influencing the growth rate. However, due to the rising consumption of hexylene glycol in various applications after COVID-19. The market is anticipated to progressive growth in the coming few years, and it is expected to go on rapid progress growth throughout the forecasted period with the continuous advancement and development of various industries.
Study Period
2024-2030Base Year
2023CAGR
3.8%Largest Market
Asia PacificFastest Growing Market
North America
The Hexylene Glycol market is driven by the rising number of applications in a wide range of industries such as paints and coatings, inks, adhesives, and cleaners. Additionally, the favorable properties of Hexylene Glycol including its low freezing point, low toxicity, and high boiling point are making it a preferable choice for another range of applications. Moreover, the increasing number of industries regarding the use of hexylene glycol as a solvent is also pushed the market growth. The Hexylene glycol market is constrained by the limited availability of raw materials, and high energy and water consumption for its production. Hexylene glycol is in focus to have strict regulations by many authorities due to its potential health and environmental impacts will also hinder the market growth in upcoming years.
The Hexylene Glycol market in North America holds a significant revenue share in historic periods attributable to growing demand from the paints & coatings industry. Additionally, this region has more focus on the producers on customization of products as per precise applications. Furthermore, North America is expected to lead the hexylene glycol market growth globally by the rising utilization of hexylene glycol in the cosmetic industry owing to the frequent launch of innovative products in color cosmetics and high consumer disposable income in the region. Thus, the advancement of the U.S. beauty and personal care markets like Revlon, Olay, and Loreal in the cosmetics industry driving the market demand. Moreover, these applications would undoubtedly expand the hexylene glycol market in this region during the forecasted period.
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$ 245.1 million |
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Market CAGR |
3.8% |
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By Grade Type |
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By Application |
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By End User |
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The hexylene glycol market size was valued at US$ 245.1 million in 2023
Monument Chemicals, Inc., Arkema Group, BASF SE, Lonza Group AG, Bax Chemicals B.V, Solventis Ltd., Finar Limited, Lanxess AG
North America is the fastest-growing region for the hexylene glycol market
| 1. Executive Summary |
| 2. Global Hexylene Glycol Market Introduction |
| 2.1. Global Hexylene Glycol Market Taxonomy |
| 2.2. Global Hexylene Glycol Market Definitions |
| 2.2.1. Grade Type |
| 2.2.2. Application |
| 2.2.3. End User |
| 2.2.4. Geography |
| 3. Global Hexylene Glycol Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Hexylene Glycol Market Dynamic Factors - Impact Analysis |
| 3.6. Global Hexylene Glycol Market Competition Landscape |
| 4. Global Hexylene Glycol Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Hexylene Glycol Market, By Grade Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Pharmaceuticals |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Industrials |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Hexylene Glycol Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Solvents |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Antifreeze |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Chemicals & Intermediate |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Hexylene Glycol Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Chemicals |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Paints & Coatings |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Leather & Textile |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Oils & Gas |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Constructions |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Drugs |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8. Global Hexylene Glycol Market Forecast, By Region, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Hexylene Glycol Market - Opportunity Analysis Index, By Grade, Application, End User and Region, 2024 - 2030 |
| 9. North America Hexylene Glycol Market Analysis,2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.1. Grade Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Pharmaceuticals |
| 9.1.2. Industrial |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Solvent |
| 9.2.2. Antifreeze |
| 9.2.3. Chemical Intermediate |
| 9.2.4. Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Chemicals |
| 9.3.2. Paints & Coatings |
| 9.3.3. Leather & Textile |
| 9.3.4. Oil & Gas |
| 9.3.5. Constructions |
| 9.3.6. Drugs |
| 9.3.7. Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Hexylene Glycol Market - Opportunity Analysis Index, By Grade, Application, End User and Country, 2024 - 2030 |
| 9.6. North America Hexylene Glycol Market Dynamics Trends |
| 10. Europe Hexylene Glycol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 10.1. Grade Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Pharmaceuticals |
| 10.1.2. Industrial |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Solvent |
| 10.2.2. Antifreeze |
| 10.2.3. Chemical Intermediate |
| 10.2.4. Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Chemicals |
| 10.3.2. Paints & Coatings |
| 10.3.3. Leather & Textile |
| 10.3.4. Oil & Gas |
| 10.3.5. Constructions |
| 10.3.6. Drugs |
| 10.3.7. Others |
| 10.4. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Hexylene Glycol Market - Opportunity Analysis Index, By Grade, Application, End User, and Country, 2024 - 2030 |
| 10.6. Europe Hexylene Glycol Market Dynamics Trends |
| 11. Asia-Pacific Hexylene Glycol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Grade Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Pharmaceuticals |
| 11.1.2. Industrial |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Solvent |
| 11.2.2. Antifreeze |
| 11.2.3. Chemical Intermediate |
| 11.2.4. Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Chemicals |
| 11.3.2. Paints & Coatings |
| 11.3.3. Leather & Textile |
| 11.3.4. Oil & Gas |
| 11.3.5. Constructions |
| 11.3.6. Drugs |
| 11.3.7. Others |
| 11.3.8. POC Testing |
| 11.4. Country Analysis2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Hexylene Glycol Market - Opportunity Analysis Index, By Grade, Application, End User and Country,2024 - 2030 |
| 11.6. Asia-Pacific Hexylene Glycol Market Dynamics Trends |
| 12. Latin America Hexylene Glycol Market Analysis,2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 12.1. Grade Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Pharmaceuticals |
| 12.1.2. Industrial |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Solvent |
| 12.2.2. Antifreeze |
| 12.2.3. Chemical Intermediate |
| 12.2.4. Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Chemicals |
| 12.3.2. Paints & Coatings |
| 12.3.3. Leather & Textile |
| 12.3.4. Oil & Gas |
| 12.3.5. Constructions |
| 12.3.6. Drugs |
| 12.3.7. Others |
| 12.4. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Hexylene Glycol Market - Opportunity Analysis Index, By Grade, Application, End User and Country, 2024 - 2030 |
| 12.6. Latin America Hexylene Glycol Market Dynamics Trends |
| 13. Middle East and Africa Hexylene Glycol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Grade Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Pharmaceuticals |
| 13.1.2. Industrial |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Solvent |
| 13.2.2. Antifreeze |
| 13.2.3. Chemical Intermediate |
| 13.2.4. Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Chemicals |
| 13.3.2. Paints & Coatings |
| 13.3.3. Leather & Textile |
| 13.3.4. Oil & Gas |
| 13.3.5. Constructions |
| 13.3.6. Drugs |
| 13.3.7. Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Hexylene Glycol Market - Opportunity Analysis Index, By grade, Application, End User and Country, 2024 - 2030 |
| 13.6. MEA Hexylene Glycol Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Monument Chemicals, Inc. |
| 14.2.2. Arkema Group |
| 14.2.3. BASF SE |
| 14.2.4. Lonza Group AG |
| 14.2.5. Bax Chemicals B.V |
| 14.2.6. Solventis Ltd. |
| 14.2.7. Finar Limited |
| 14.2.8. Lanxess AG |
| 14.2.9. Prasol chemicals Ltd. |
| 14.2.10. Solvay S.A |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
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.