Hexylene glycol is witnessing high demand in the private care and cosmetics industry, since it’s miles used as a surfactant, emulsifier, and viscosity decreasing agent in numerous products. Moreover, growing utilization of Hexylene glycol as an instantaneous solvent in paints & coatings, family and commercial cleaners, and so on., is expected to pave the manner for first rate income during the forecast duration (2019-2029).
First rate upswing in production spending and car production, international, is translating into growing demand for paints & coatings that offer better sturdiness, less complicated applicability, and higher price-performance. Hexylene glycol, given its low volatility and excessive viscosity, is locating great usage in paints and coatings.
The compound is also turning into not unusual in drugs as a formulating agent and pharmaceutical excipient. Similarly, market gamers are that specialize in unlocking price within the chemical and oil & fuel sectors to drastically growth sales and margins.
Hexylene Glycol Market: Competitive Landscape
The hexylene glycol market is fairly consolidated. Global players such as BASF SE, Solvay SA, Dow DuPont, and Lonza Group have invested strategically in the hexylene glycol market in the recent past, which suggests that major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming future. Research & development, coupled with expansion of production capacity and footprint, remains the key strategy being followed by hexylene manufacturers to enhance productivity and capture new market opportunities.
North America Holds Noteworthy Share
North America is anticipated to hold a prominent share of the global hexylene glycol market, owing to increasing demand from the paints & coatings industry. Another key factor driving growth of the hexylene market in North America is the focus of manufacturers on customization of products as per specific applications. Hexylene glycol is also prominently used as an antifreeze agent in North America, which is bolstering its sales in the region.
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Cosmetics & Personal Care Industry – A Potential Commercial Lever
Hexylene glycol is typically used within the cosmetics & personal care industry for eye makeup products – eye lotions, anti-wrinkle products, skin care eye blossoms, and concealers – thanks to its capability as a surfactant, emulsifier, and viscosity lowering agent. The organic compound attracts oil, dirt, and different impurities gathered on the skin (surfactant), facilitates droplets disperse and shape a solid emulsion (emulsifier), and aids the formulation to unfold without problems at some point of the pores and skin (viscosity lowering agent). Producers have to therefore faucet this cost-developing potential to shape overall marketplace overall performance.
Hexylene Glycol Market Taxonomy
The global hexylene glycol market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Chemical Intermediates
- Paints & Coatings
- Oil & Gas
- Leather & Textiles