N-Hexyl Alcohol Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Italy, China, Australia, India, Japan, Indonesia, Argentina, Brazil, Saudi Arabia, UAE, Kuwait, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Report ID: GMI1409
Global N-Hexyl Alcohol Market size will grow healthily with increasing product application in chemical manufacturing and food & beverages industry.
The product, also known as 1 hexanol, is a colorless organic alcohol which is soluble in ethanol and diethyl ether. It is mostly used as a solvent in the manufacturing of flavored food products, perfumes, plasticizers and antiseptics. Improved economic condition and lifestyle changes has led to high growth in packaged food demand. This growth will augment the n-hexyl alcohol market during the forecast timeframe owing to product usage as food and flavor ingredient.
Growing awareness for personal grooming and rising trend in men’s grooming sector has resulted in increasing demand for personal care products. The product use as an odor agent in production of perfumes, colognes and other personal care products will spur the growth of n-hexyl alcohol market.
By application, n-hexyl alcohol market is segmented as plasticizer precursor, solvent, chemical intermediate, odor agent, inert ingredient, and others. The product is extensively used as an inert ingredient in the production of pesticides including those used for agriculture, animals, insect sprays and ornamental plants. Concerns about food security will increase agricultural activities around the world which will boost the n-hexyl alcohol market during the forecast timeframe. The product is used as a precursor to plasticizer production and the global demand for rubber chemicals will augment the n-hexyl alcohol market.
As a solvent and chemical intermediate, the product is used in manufacturing perfumes and antiseptics. This segment has a substantial share of the n-hexyl alcohol market and the share is expected to increase due to the rising demand for antiseptics in the pharmaceutical sector. It is used as odor agent for perfumes and colognes and this segment is also expected to grow during the forecast period. Other applications of the product include modulating actomyosin motor function and as perturbing agent for actomyosin adenosine triphosphatease.
By end user, n-hexyl alcohol market is categorized as specialty chemicals, food & beverages, personal care products and pharmaceuticals. Specialty chemicals segment has a significant share which is expected to increase in the coming years. It is due to increasing demand for chemicals and agrochemicals. Food & beverages segment also has a significant share of the n-hexyl alcohol market. The product is used in beverages for imparting fruit or berry like flavor. Food & beverages market will grow at a fast pace during the forecast years and will boost the market for the product.
Personal care products industry employs the product for adding fragrance to their products like perfumes, colognes, lotions, etc. Changing lifestyle trends around the world has spurred the demand for personal care products and will boost the n-hexyl market in the coming years. The product is an essential ingredient for the pharmaceutical industry as it is used for antiseptic production. Improving healthcare facilities, mostly in developing economies, will also augment the n-hexyl alcohol market application in pharmaceutical product manufacturing during the forecast period.
N-hexyl alcohol market is segmented into five regions viz. North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America has the highest potential for the industry growth. It is due to the approval of U.S Food & Drug Administration (FDA) to use the product in food products as well as in other applications. Thus, the product is expected to gain prominence in this region during this period. Asia Pacific n-hexyl alcohol market will likely grow during this period owing to presence of several chemical manufacturing industries and improving healthcare facilities in this region. Latin America n-hexyl alcohol market is expected to grow at a steady rate due to increasing purchasing capacity of people in Mexico and Brazil.
Some important n-hexyl alcohol market participants are ShanDong Fine Chemical Company, Meryer (Shanghai) Chemical Technology, Alfa Aesar, Gihi Chemicals, Hangzhou Dayang, Jinan Haohua Industry, Aopharm, Wuhan Dahua Weiye, Changzhou Weijia Chemical, Haihang Industry Company, Xiamen Hisunny Chemical, Zhengzhou YiBang Industry & Commerce Company, Changzhou XiaQing Chemical Company, Shandong Yaroma Perfumery Company, and Suzhou Ciyun Bio-tech Company.
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