Extensive usage in diverse end-use industries which are experiencing growth will likely drive the growth in the 1-hexene market during the forecast period. The global 1-hexene market is expected to reach a valuation of US$ 168.2 Million in 2032, with the market growing at a moderate CAGR of 5% from the forecast period of 2022 to 2032.
Valued at US$ 105.1 Million in 2021, the target market is expected to reach an estimated US$ 117.9 Million by the end of 2022. The target product is largely used in the manufacturing of polyethylene and linear aldehydes. Thus, increasing usage of these organic compounds in the chemical sector is set to foster growth in the 1-hexene market during the projected period.
1-Hexene is primarily used in the production of polyethylene in various end-use industries. The rising application of the product in this process will bolster the prospects of the target market. Other major applications of 1-hexene include chemical synthesis, polymer production, as well as the production of perfumes, flavors, and dyes.
Apart from the above usage, 1-hexene also gains application and great commercial value in the polymer industry. The demand generated by the polymer industry will likely fuel growth in the 1-hexene market over the next few years.
Request A Report Sample to Gain Comprehensive Insights @
https://www.futuremarketinsights.com/reports/sample/rep-gb-9584
Competitive Landscape
Sasol, the Linde Group, Chevron Phillips Chemical Company, SABIC, the Dow Chemical Company, Royal Dutch Shell plc, Qatar Chemical Company Ltd (Q-Chem), Idemitsu Kosan Co.Ltd, INEOS, and Nizhnekamskneftekhim among others are some of the major players in the 1-hexene market profiled in the full version of the report.
Leading market players are keen on signing long-term contracts with raw material suppliers to counteract market restraints. These enterprises also employ strategic partnerships and collaborations, contracts, and expansion strategies to strengthen their business.
Key Segments Profiled in the 1 -Hexene Market Survey
By Application:
- Polyethylene Production
- Heptanol Production
- Flavors
- Perfumes
- Dyes
- Resins
By End User:
- Paper Industry
- Consumer Goods
- Chemical Industry
- Automotive Industry
- Packaging Industry
- Cosmetics Pharmaceuticals Industry
More Insights into 1-Hexene Market Report
According to the latest FMI reports, based on region, the 1-hexene market in the Asia Pacific region is expected to present notable growth during 2022-2032. The target market in this region will avail several lucrative opportunities owing to the advancing industrial and chemical sectors in China and India. The surging production of 1-hexene in China at low costs coupled with swift industrial growth will further aid the growth of the 1-hexene market in this region.
