1-Hexene Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global 1-Hexene Market will exhibit a 5.2% CAGR from 2024 to 2032. This growth is fueled by the increasing demand for high-performance materials in various end-use industries, including the plastics industry and the chemical sector for heptanol production. For instance, according to the Plastics Industry Association, Global demand for plastics is expected to grow by 3.5% annually, highlighting the strategic importance of 1-Hexene as a critical component in producing polyethylene and specialty chemicals, which underlines its market potential in the coming years.

The overall 1-Hexene industry is categorized based on Application, End User, Purity, and Region.

The plastics industry, a major end-user segment, will be a key driver for the 1-Hexene market throughout the forecast period. 1-Hexene is widely used as a comonomer in the production of high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE). These polymers are essential in manufacturing a variety of products, from packaging materials to automotive components. The increasing global demand for lightweight, durable, and recyclable plastics, coupled with advancements in polymerization technologies, is expected to drive substantial demand for 1-Hexene in the plastics industry.

The application of 1-Hexene in heptanol production is gaining traction, contributing to its growing market share. Heptanol, a high-value alcohol, is widely used in the fragrance, flavor, and pharmaceutical industries. The demand for heptanol is increasing due to its versatility and effectiveness in various formulations. The use of 1-Hexene as a precursor in heptanol synthesis ensures efficient production processes and high-quality end products. As industries continue to seek sustainable and cost-effective chemical intermediates, 1-Hexene could play a pivotal role in the heptanol market expansion.

Europe 1-Hexene market will experience commendable growth from 2024 to 2032, driven by a combination of strong industrial infrastructure, stringent environmental regulations, and significant investments in sustainable technologies. Europe's well-established chemical industry, in line with its focus on innovation and sustainability, provides a fertile ground for the 1-Hexene market. The region's commitment to reducing carbon footprints and enhancing the recyclability of plastic products is fostering increased adoption of advanced materials like 1-Hexene. Furthermore, collaborations between leading chemical manufacturers and research institutions will boost regional market growth.

Product Code: 10350

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Raw material pricing trends (USD/Ton)
  - 3.3.4.1 U.S.
  - 3.3.4.2 European Union
  - 3.3.4.3 UK
  - 3.3.4.4 China
  - 3.3.4.5 Southeast Asia
  - 3.3.4.6 GCC
3.4 Regulations and market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Application, 2018-2032 (USD Million, Kilo Tons)

5.1 Key trends
5.2 Polyethylene production
5.3 Heptanol production
5.4 Flavors
5.5 Perfumes
5.6 Dyes
5.7 Resins

Chapter 6 Market Size and Forecast, By End User, 2018-2032 (USD Million, Kilo Tons)

6.1 Key trends
6.2 Chemical industry
6.3 Plastics industry
6.4 Packaging industry
6.5 Construction industry
6.6 Consumer goods
6.7 Other (automotive, pharmaceutical)

Chapter 7 Market Size and Forecast, By Purity, 2018-2032 (USD Million, Kilo Tons)

7.1 Key trends
7.2 Technical (95-98%)
7.3 Pure (+99%)

Chapter 8 Market Size and Forecast, By Region, 2018-2032 (USD Million, Kilo Tons)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Sasol
9.2 The Linde Group
9.3 Chevron Phillips Chemical Company
9.4 SABIC
9.5 The Dow Chemical Company
9.6 Royal Dutch Shell plc
9.7 Qatar Chemical Company Ltd
9.8 Idemitsu Kosan Co., Ltd
9.9 INEOS Group Limited
9.10 Sinopec
9.11 Shell