1, 2-hexanediol industry analysis report

As an important fine chemical product, 1, 2-hexadiol is widely used in daily necessities, which has the effect of sterilization and moisturizing, and will not cause harm to people. Procter & Gamble has added it to deodorants and antiperspirants with excellent results. 1, 2-hexadiol can also be used in various skin care products such as eye cream, skin care lotion, and baby care products. 1, 2-hexadiol can be used as a raw material for inkjet printing ink. Adding 1, 2-hexanediol to the ink can improve the ozone resistance and gloss of the ink. In the field of medicine, 1, 2-hexadiol can be used as a raw material for drugs such as central and peripheral dopamine receptor antagonists, which provides a basis for the development of upstream and downstream products.

According to the statistics and forecasts of authoritative institutions, the global 1, 2-hexanediol market sales reached 30.90 million US dollars in 2023, and is expected to reach 47.92 million US dollars in 2030, with a compound annual growth rate (CAGR) of 6.01% (2024-2030). At the regional level, the Chinese market has changed rapidly in the past few years, the market size in 2023 is 18.68 million US dollars, accounting for about 60.45% of the world, and is expected to reach 31.05 million US dollars in 2030, when the global share will reach 64.80%.

In terms of consumption, China is currently the world’s largest consumer market, with a market share of 60.46% in 2023, followed by South Korea and Japan, with 19.45% and 5.30%, respectively. The European region is expected to see the fastest growth in the coming years, with a CAGR of approximately 9.64% during the 2024-2030 period.

From the production side, China and India are two important production areas, accounting for 62.97% and 31.59% of the market share in 2023, respectively, is expected in the next few years, the Chinese region will maintain the fastest growth rate, is expected to reach 7.28% in 2030.

From the perspective of perspective, cosmetics grade occupies an important position, and the share is expected to reach 88.44% in 2030. At the same time, in terms of application, the share of cosmetics in 2023 is about 81.27%, and the CAGR in the next few years is about 6.13%.

In terms of manufacturers, globally, the core manufacturers of 1, 2-hexadiol mainly include Jeevan Chemicals, Xinxiang Jujing Chemical Co., LTD., Shenyang Dongrui Fine Chemical Co., LTD., Guangdong Henovitech Bio-Pharmaceutical Co., LTD., and Novaphene Specialities. In 2023, the world’s top tier manufacturers are mainly Jeevan Chemicals, and the first tier occupies about 22.66% of the market share. The second echelon manufacturers include Guangdong Henoke Biotech Pharmaceutical Co., LTD., Xinxiang Jujing Chemical Co., LTD., and Zhejiang Boju New Materials Co., LTD., with a total share of 44.43%.

Due to its good solubility, non-corrosive, antibacterial and moisturizing properties, 1, 2-hexadiol is used in fine chemicals (such as cosmetics, high-grade ink, high-grade paint, high-grade glue, etc.) and pharmaceutical industries. Can promote moisture and penetration. When the addition amount is about 5%, it has anti-corrosion effect. As a moisturizer, 1, 2-hexadiol also has an efficient and broad-spectrum self-preservative effect, mild and non-irritating, improving cosmetic skin feeling and comfort, in line with market demand and the development trend of multi-functional simplified formula, is currently one of the safest anti-corrosion active ingredients on the market. Overall, 1, 2-hexadiol has maintained a fast growth rate, but the industry is a niche industry. We are optimistic about the market development.