N-Hexyl Chloride also known as 1-Chlorohexane is a colorless liquid with aromatic odor compound that is used in research and development laboratories. The n-Hexyl Chloride market is expected to foray ahead with a higher single-digit CAGR over the assessment period.
With the increasing demand for textile and fine chemicals, players are expanding the production capacity for the manufacturing of the N-Hexyl Chloride. For instance, in 2019 Shimmer Chemicals Private Limited announced the expansion of the production capacity of various products including N-Hexyl Chloride.
In 2019, among various application of N-Hexyl Chloride flame retardant segment is accounted for holding maximum share.
However, the end use segment of the n-hexyl chloride in pharmaceutical is expected to dominate as with the rapid growing pharmaceutical industry and also the government initiatives and funding have boosted up the market.
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COVID-19 Impact Insights
Following global supply chain interruptions and global lockdown measures to confine the spread of COVID-19, capital market across the globe has experienced significant decline in the Q2 2020. The short term impact allied with COVID-19 will interrupt the current financial enactment of the companies ultimately leading to economic interferences. At the same time for the upcoming and new players entered in the market the social distancing has led to huge loss in business. However, with the new investments in the chemical sector, the n-Hexyl Chloride market is expected to bounce back strongly best by fourth quarter of 2020.
Segmentation Analysis of N-Hexyl Chloride Market
The global N-Hexyl Chloride market is bifurcated into four major segments: application, polymer types, end use, and region.
On the basis of application, N-Hexyl Chloride market has been segmented as follows:
- Anti-fouling agent
- Antistatic agent
- Tinting agent
On the basis of end use, N-Hexyl Chloride market has been segmented as follows:
- Pharmaceutical & healthcare
On the basis of geographic regions, N-Hexyl Chloride market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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N-Hexyl Chloride Market: Regional Outlook
Based on regional split, the report “N-Hexyl Chloride Market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. Of these, Asia Pacific collectively accounts for nearly 40% of the n-Hexyl Chloride market share. With the growing chemical and oil and gas industries among the Asia-Pacific region the demand ofn-hexyl chloride is constantly increasing. Further North America is expected to dominate the market followed by Europe and Middle East & Africa.
Asia-pacific collectively accounts for one fourth of the market share in 2019 and is expected to rise with a higher single digit CAGR. Middle East & Africa accounts for nominal shares under n-Hexyl Chloride market.
N-Hexyl Chloride Market: Key Players
Being a moderately fragmented market, players have dominant presence across regions through streamlined distribution networks. Sanmenxia Aoke Chemical Industry Co., Ltd., SHANGHAI TRUSTIN CHEMICAL CO.,LTD, Yangzhou City Prince Pharmaceutical Co., Ltd., Wuxi Orient Detergent Technology Company Limited etc. are amongst the prominent players in n-Hexyl Chloride market accounting for over 63% of the market revenues.
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