Albany, NY -- (SBWIRE) -- 02/05/2019 -- There has been a spur in the demand for hexylene glycol in the painting and coating industry, on back of its utilization as solvent for the preparation of dyes and as a crucial component for lacquers and printing inks. With the sheer rise in the construction activities at the global level, the demand for painting and coating have been on a hike, which is further anticipated to reflect positively on the growth of the hexylene glycol market.
Besides being a solvent, hexylene glycol finds its application as coupling agent for the hydraulic fluids in the automotive sector. Demand for hexylene glycol is anticipated to be driven by the rapid growth in automotive sector, owing to its rising per capita consumption at the global level. Aforementioned insights on the hexylene glycol market have been culled from an incisive report titled, "Hexylene Glycol Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028", which has been encapsulated in the broad repository of Market Research Hub (MRH).
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Booming industries such as manufacturing, chemical, oil and gas, and paint and coatings, which are concentrated in North America have growing demands for hexylene glycol. Rise in urbanization and industrialization are further fueling the growth of these industries, which in turn has strengthened the growth prospects of hexylene glycol market. These favorable factors are anticipated to contribute to the growth of the North American hexylene glycol market with a valuation of over US$ 40 Mn by 2028. Aforesaid factors collectively are said to have a positive influence on the hexylene glycol market, which is anticipated to clock a remarkable CAGR of over 3% through 2028.
Hexylene Glycol Market: Purview of the Report
The market study offers a precise forecast on the hexylene glycol market, wherein the base year is 2017 and the prediction has been provided for the period 2018 – 2028. This descriptive study covers an incisive view on market dynamics, pricing analysis, value chain, competition analysis, industry growth assessment, and demand drivers of the hexylene glycol market. Market evaluation has been done in terms of volume (Tons) and value (US$ Mn).
Various macroeconomic and microeconomic factors have been analyzed and highlighted in the weighted chapters of the report. This descriptive market study lends an analytical view on the demand drivers, opportunities, threats, major trends, and recent developments in the hexylene glycol market. Market attractiveness has been analyzed in this report, based on the grade, application, end-use, and region.
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A Holistic Outlook on the Geographical Segmentation and Competitive Matrix of the Hexylene Glycol Market
Major regions of the geography have been analyzed on the basis of various parameters. The geographies assessed in the report constitutes of North America, Latin America, Western Europe, Eastern Europe, South East Asia and Pacific, Middle East and Africa, China, Japan, and India.
Leading market players profiled in the report include SOLVAY S.A, BASF SE, DowDupont, Arkema Group, Monument Chemicals, Inc., Solventis Ltd, Lonza Group, FINAR LIMITED, Lanxess, and Prasol chemicals Ltd., among others. A brief analysis on the financials, market size, market share, and business strategies have been incorporated in the report.
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