According to ChemAnalyst report, “Global 1-Hexene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The 1-Hexene market is expected to grow significantly, reaching approximately 4100 thousand tonnes in 2035 at an excellent CAGR of 6.20%. The 1-Hexene market is expected to expand throughout the projected period with the major demands from the into Polyethylene, Elastomers, and other end-use industries.
1-Hexene is a clear liquid and synthesized majorly by ethylene oligomerization process of ethylene using a Vanadium based catalyst. 1-hexene is an important chemical and used to synthesize various chemical compounds like polyethylene, linear aldehydes elastomers, polymers, dyes, perfumes, flavours, and others. The primary use of 1-hexene is for the development of polyethylene especially Low-Density Polyethylene (LDPE). LDPE has various applications such as to produce various commodities like plastic bags, foil wraps, toys, trays, food packaging, wash bottles, certain computer parts, and toys.
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The primary driver behind the expansion of the 1-Hexene market is for the synthesis of LDPE. LDPE is a flexible, mouldable, and light-weight plastic. LDPE has properties like hardness, barrier qualities, and resistance to corrosion making it a perfect material for utilization in the food package. Therefore, polyethylene sector is the largest consumer of 1-hexene, consuming approximately 93% of the global 1-hexene and is expected to remain the largest consumer in the forecast period. Additionally, the market for 1-hexene will rise due to the rising demand to produce organic compounds.
The 1-Hexene market is segregated based on end-use, sales channel, and region. Australia is the largest 1-Hexene producer in the current scenario. Based on demand by region, North America was the dominant region for the consumption of 1-Hexene in 2021 and is anticipated to maintain this position in the coming years with a CAGR of 7.1%. The second largest consumer of 1-Hexene was Asia Pacific in 2021 and is expected to maintain its position in the forecast period. The reason for the growing demand of 1-hexene is for production of polyethylene which is further utilized in food packaging, waste disposal, and commodity production.
Based on end-uses, the 1-Hexene market is segregated into Polyethylene, Elastomers, and others. The highest demand for 1-Hexene is by the Polyethylene sector, making up approximately 93% of the total demand, is anticipated to stay the biggest shareholder in the coming decade with a CAGR of 6.7%. Interestingly, the Elastomers sector is likely to grow with an impressive CAGR of 9.2% in the forecast period.
“Global 1-Hexene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Global 1-Hexene are SASOL, Jubail United Petrochemical Company (JUPC), Badlands NGLs LLC, INEOS, National petrochem company, CPCC Jubail, Qatar Chemical Company (Q-Chem), and Abu Dhabi National Oil Company.
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“The rapidly increasing demand for lightweight and water-resistant materials in the packaging industry call for growing demand of polyethylene projecting to enhance expansion of the 1-Hexene market because 1-hexene is used as a raw material to produce polyethylene. Consistently growing demand for polyethylene due to flexibility, resistance to corrosion and light weight natures makes it a perfect material for manufacturing parts of computers, plastic bags, wash bottles and packing materials for edibles. Plus, in the upcoming times the demand of polyethylene is more likely to expand as more population will be dependent on ready to eat foods, leading 1-hexene market expansion in the upcoming years. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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