What is Global 1-Hexene Market?
The Global 1-Hexene Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. 1-Hexene is an organic compound, a colorless liquid derived from the polymerization of ethylene and is used in the manufacturing of polyethylene, a common plastic material. It is a critical component in the production of certain types of polyethylene, one of the world's most prevalent plastics. The global market for 1-Hexene is growing due to the increasing demand for polyethylene in various industries such as packaging, automotive, and construction.
Ethylene Trimerization, Ethylene Oligomerization, Extraction Process in the Global 1-Hexene Market:
The production of 1-Hexene is primarily done through three methods: Ethylene Trimerization, Ethylene Oligomerization, and Extraction Process. Ethylene Trimerization is the most common method, where ethylene is combined in the presence of a catalyst to produce 1-Hexene. Ethylene Oligomerization involves the conversion of ethylene into a mixture of longer chain alkenes, which includes 1-Hexene. The Extraction Process involves the separation of 1-Hexene from a mixture of other alkenes. These methods are widely used due to their efficiency and cost-effectiveness. However, the choice of method depends on the specific requirements of the end product.
LLDPE, HDPE, Others in the Global 1-Hexene Market:
1-Hexene finds its usage in various areas, primarily in the production of Linear Low-Density Polyethylene (LLDPE) and High-Density Polyethylene (HDPE). LLDPE is a substantially linear polymer with significant numbers of short branches, commonly used for plastic bags and sheets, plastic wrap, stretch wrap, pouches, toys, covers, lids, pipes, buckets and containers, covering of cables, geomembranes, and flexible tubing. HDPE, on the other hand, is used in the manufacturing of sturdy products like piping, geomembranes, plastic lumber, and fireworks. Other applications of 1-Hexene include its use in the production of detergent alcohols and synthetic lubricants.
Global 1-Hexene Market Outlook:
The global 1-Hexene market has shown significant growth in recent years. In 2022, the market was valued at US$ 2483 million and is expected to reach US$ 4005.3 million by 2029. This growth is attributed to a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period of 2023-2029. The market is dominated by the top five manufacturers who hold about 70% of the market share. North America is the largest consumer of 1-Hexene, accounting for over 50% of the global market. The most common product in this market is Ethylene Trimerization, which holds a share of over 75%. The largest application field of 1-Hexene is in the production of LLDPE, which accounts for over 70% of its usage.
| Report Metric | Details |
| Report Name | 1-Hexene Market |
| Accounted market size in 2023 | US$ 3331 million |
| Forecasted market size in 2029 | US$ 4005.3 million |
| CAGR | 3.1 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Sales by Region |
|
| By Company | Chevron Phillips Chemical, Shell, INEOS, Sabic, Sasol, Sinopec, Mitsui Chemicals, Idemitsu Kosan |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
