Market Segmentation
The Global N-Hexyl Alcohol Market has been segmented by Application, End-Use Industry, and Region.
Based on Application, the market has been segmented into plasticizer precursor, chemical intermediate, odor agent, flavoring agent, inert ingredient, lubricant, additive, processing aid, fabric softener, and others. The plasticizer precursor segment accounted for the largest market share in 2017 and is expected to witness significant growth during the review period on account of the increasing demand in major end-use industries such as pharmaceuticals, food & beverage, and cosmetics and personal care. N-Hexyl Alcohol is being increasingly used as a plasticizer precursor in producing polyvinyl chloride-based packaging material for vials, bottles, medicines, and personal care products such as creams and lotions. The chemical intermediate segment is expected to be the second fastest-growing application segment due to the increasing demand for solvents, adhesives, and sealants in end-use industries.
Based on End-Use Industry, the market has been segmented into chemicals, food & beverage, cosmetics and personal care, pharmaceuticals, textiles, plastic, and others. The chemicals segment accounted for the largest market share on account of the growing demand in industries such as automotive, packaging, healthcare, and cosmetics and personal care. The food & beverage segment is expected to be the second fastest-growing end-use industry as a result of the increasing demand for packaged food and beverages globally.
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Competitive Analysis
Some of the key players in the Global N-Hexyl Alcohol Market are Sasol Limited (South Africa), Alfa Aesar (US), Bharat Jyoti Impex (India), Merck KGaA (Germany), Penta Manufacturer (US), Sisco Research Laboratories Pvt. Ltd. (India), the Good Scents Company (US), Ecogreen Oleochemicals (Singapore), and Zhejiang NHU Company Ltd, NHU (China).
Regional Analysis
Based on Region, the N-Hexyl Alcohol Market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the N-Hexyl Alcohol Market on account of the growing end-use industries in the region, especially the chemicals and cosmetics and personal care industries. An expanding population base and rising disposable income of consumers are the other factors driving market growth.
North America is a prominent market for N-Hexyl Alcohol due to the growing flexible packaging industry as a result of the increasing consumption of packaged beverages and food products.
The European market is expected to grow at a considerable rate during the review period. The growing cosmetics and personal care industry are propelling market growth.
The markets in Latin America and the Middle East & Africa are likely to register moderate growth during the review period as a result of the growing industrial base in these regions.
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