QYResearch: The global 1,6-Hexanediol consumption has increased with the CAGR of 5.20%
1, 6-Hexanediol (HO CH2 (CH2)4CH2OH) is a colorless crystalline solid that melts at 42 °C and boils at 250 °C. It is soluble in water and is hygroscopic. 1, 6-Hexanediol is a valuable intermediate product for the chemical industry. It finds applications in a variety of polymeric systems and is also used in the synthesis of specialty chemicals. This linear diol contains two primary hydroxyl groups which are terminally located.
First, 1, 6-Hexanediol is a valuable intermediate product for the chemical industry.1, 6-Hexanediol downstream demand is growing rapidly. In the next few years, 1, 6-Hexanediol will maintain the trend of rapid growth.
Second, BASF is 1, 6-Hexanediol largest manufacturer. In the coming years, BASF will continue to expand its production. Lishui Nanming Chemical is the largest 1, 6-Hexanediol companies in China. In 2016, BASF 1, 6-Hexanediol capacity was 50000 MT，and Lishui Nanming Chemical 1, 6-Hexanediol capacity was 20000 MT.
Third, compared with foreign giants, product quality of 1, 6-Hexanediol produced by Chinese manufacturers still has a certain gap. But the price of 1, 6-Hexanediol of Chinese manufacturers is lower than foreign company. In recent years, Chinese 1, 6-Hexanediol industry develops very rapidly. In 2016, Chinese 1, 6-Hexanediol consumption was 25716 MT, and accounts for 25.11% global consumption share.
Fourth, According to QYResearch, EU is the largest consumption area, reaching about 31392 MT in 2016 with the 30.65% share of the global consumption. 1, 6-Hexanediol of Europe is exported to other regions such as China and North America. What’s more, Basf and UBE use the parts of 1, 6-Hexanediol for their own downstream industry. The global consumption has increased with the CAGR of 5.20%.
Finally, QYResearch tend to believe that this industry still has a bright future, considering the current demand of coating and polyester. As for product prices, the slow fluctuation trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
This article was first released by QYResearch, if reproduced, please indicate the source.
Marketing: sales@qyresearch.com
Media Contact: press@qyresearch.com
评论
发表评论