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1 6-Hexanediol Market Synopsis

1 6-Hexanediol Market Size Was Valued at USD 0.95 Billion in 2023 and is Projected to Reach USD 1.74 Billion by 2032, Growing at a CAGR of 6.96% From 2024-2032.

1,6-Hexanediol is a chemical compound represented by the molecular formula C6H14O2. This diol is highly versatile and finds extensive use in the manufacturing of polyurethanes, coatings, adhesives, and high-performance plastics. Renowned for its low volatility and solvent properties, 1,6-Hexanediol plays a crucial role in improving material flexibility, durability, and overall performance across a range of industrial applications.

  • The application spectrum of 1,6-Hexanediol is broad, finding utility across diverse industries. Its versatility is highlighted by its role as a key component in the production of polyurethanes, coatings, and adhesives. The effectiveness of this chemical in enhancing the flexibility and durability of these materials positions it as a cornerstone in the manufacturing processes of various industrial products. Additionally, its compatibility with different resins and polymers extends its application to the production of high-performance plastics, further contributing to its significance in the materials industry.
  • The advantages of 1,6-Hexanediol are evident in its unique chemical properties. This compound offers excellent solvent properties and is known for its low volatility, making it an ideal choice for formulations requiring stability and low emissions. Furthermore, its ability to improve the overall performance characteristics of end products, such as adhesion strength and resistance to wear and tear, reinforces its standing as a preferred chemical in diverse applications. The advantageous features of 1,6-Hexanediol extend beyond its primary applications, providing a valuable edge in the formulation of advanced materials.
  • In anticipation of future demand, the trajectory of 1,6-Hexanediol indicates sustained growth. As industries evolve, the compound's role in the synthesis of next-generation materials positions it as a key player in meeting the demand for advanced products. The growing emphasis on high-performance materials in sectors like automotive, construction, and electronics is expected to drive increased utilization of 1,6-Hexanediol. Its unique combination of properties and compatibility with various manufacturing processes positions it as an integral component in the pursuit of enhanced material performance, indicating a promising future for its continued demand and applications across diverse industries.

1 6-Hexanediol Market - Overview and Outlook by Potential Growth

Growing Usage as Chemical Compound Manufacturing Feedstock

  • The primary driver propelling the growth of the 1,6-Hexanediol Market is the increasing adoption of this compound as a foundational feedstock in the manufacturing of various chemical compounds. This utilization as a primary feedstock is a crucial factor, profoundly shaping the market dynamics. The escalating demand for 1,6-Hexanediol in the production of polymers, coatings, and adhesives underscores its pivotal contribution to the synthesis of diverse chemical compounds. As a fundamental building block, 1,6-Hexanediol becomes an essential element in the manufacturing processes across several industries, positioning itself as a linchpin in the creation of an array of chemical products.
  • The growing usage of 1,6-Hexanediol as a chemical compound manufacturing feedstock signifies not only its central role but also underscores its strategic importance in propelling the sustained growth of the market. Industries increasingly rely on 1,6-Hexanediol as a key starting material for the synthesis of advanced chemical compounds, a trend that is poised to intensify with ongoing technological advancements. This expanding role of 1,6-Hexanediol solidifies its position as a major driver, steering the market's expansion within the broader landscape of chemical manufacturing applications.
  • As the demand for specialized chemical compounds continues to surge across industries such as textiles, plastics, and coatings, the versatile nature of 1,6-Hexanediol positions it as a critical component, fueling the growth of the market. The compound's adaptability and effectiveness in contributing to the production of a diverse range of chemical compounds emphasize its crucial role in shaping the market's trajectory.

Advancements in Technology and The Production of Bio-based Minerals

  • These technological strides and the expanding array of bio-based minerals play pivotal roles in shaping the market dynamics. The integration of cutting-edge technologies into the production processes of 1,6-Hexanediol enhances efficiency and sustainability, creating new avenues for market expansion. Moreover, the rise of bio-based alternatives represents a transformative shift in raw material sourcing, allowing 1,6-Hexanediol to diversify its feedstock sources and meet the growing demand for environmentally friendly solutions.
  • The advancement in technology and the rise of bio-based minerals present a strategic opportunity, highlighting their central role in driving sustained growth in the 1,6-Hexanediol Market. The implementation of innovative technologies streamlines manufacturing processes, enhancing the overall production efficiency of 1,6-Hexanediol. Additionally, the increased availability of bio-based minerals aligns with the global push towards sustainable practices, positioning 1,6-Hexanediol as a key player in meeting eco-friendly manufacturing requirements.
  • As industries prioritize sustainable and technologically advanced solutions, the 1,6-Hexanediol Market is poised to capitalize on these opportunities. The convergence of technological advancements and the expanding realm of bio-based minerals not only shapes the current landscape but also positions 1,6-Hexanediol as a leader in catering to evolving market demands. This intersection of innovation and sustainability not only marks a significant opportunity but also reflects a strategic alignment with the broader trends driving the growth trajectory of the 1,6-Hexanediol Market.

1 6-Hexanediol Market Segment Analysis:

1 6-Hexanediol Market Segmented on the basis of Raw Material, Grade, Application, and End-User

By Raw Material,  Adipic Acid segment is expected to dominate the market during the forecast period

  • The anticipated dominance of the Adipic Acid segment in driving the growth of the 1,6-Hexanediol Market can be attributed to its commanding influence and pivotal role within various industrial processes. This segment is positioned to be a primary driver, significantly shaping the market dynamics. The strong demand for 1,6-Hexanediol in the synthesis of Adipic Acid underscores its instrumental contribution to the production of nylon, polyurethanes, and other polymers. As a key component, 1,6-Hexanediol forms an integral part of Adipic Acid's manufacturing processes, establishing itself as an essential element in the production of a diverse range of industrial products.
  • As industries continue to rely on Adipic Acid for the production of fibers, coatings, and engineering plastics, the demand for 1,6-Hexanediol is poised to grow in tandem. This symbiotic relationship solidifies the Adipic Acid segment's leadership in the market, as it remains a major consumer of 1,6-Hexanediol, steering the market's expansion within the broader landscape of industrial chemicals.

By Application, Polyurethane segment held the largest share of 60.10% in 2022

  • The Polyurethane segment's dominance in propelling the growth of the 1,6-Hexanediol Market is evident through its commanding influence and pivotal role within various industrial applications. This specific segment emerges as a primary driver, significantly shaping the market dynamics. The strong demand for 1,6-Hexanediol in the synthesis of Polyurethane underscores its instrumental contribution to the production of flexible foams, coatings, and elastomers. As a key building block, 1,6-Hexanediol becomes an indispensable component in the manufacturing processes of Polyurethane, establishing itself as a vital element in the production of a diverse array of industrial and consumer products.
  • The market dominance of the Polyurethane segment is indicative of its critical role and strategic importance in propelling the 1,6-Hexanediol Market's continuous growth. As industries increasingly rely on Polyurethane for applications such as insulation, adhesives, and sealants, the demand for 1,6-Hexanediol is poised to grow in tandem. This interconnected relationship solidifies the Polyurethane segment's leadership in the market, as it remains a major consumer of 1,6-Hexanediol, steering the market's expansion within the broader landscape of versatile chemical applications.

1 6-Hexanediol Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

  • The Asia Pacific region is positioned to demonstrate dominance in propelling the growth of the 1,6-Hexanediol Market, primarily due to its influential impact and central role within the market dynamics. This region emerges as a primary driver, significantly shaping the market landscape. The strong demand for 1,6-Hexanediol in various industries, including textiles, automotive, and electronics, underscores its instrumental contribution to the manufacturing processes across this expansive geographical expanse. As a key contributor to the regional economy, 1,6-Hexanediol plays a vital role in the production of various industrial products, establishing itself as a crucial element in the value chain of numerous sectors.
  • The dominance of the Asia Pacific region signifies not only its pivotal role but also underscores its strategic significance in propelling the sustained growth of the 1,6-Hexanediol Market. As industries across the Asia Pacific continue to experience rapid industrialization and technological advancements, the demand for 1,6-Hexanediol is poised to witness a substantial upswing. This growing reliance on 1,6-Hexanediol solidifies the Asia Pacific region's leadership position, as it remains a major consumer and producer of the compound, steering the market's expansion within the broader landscape of versatile chemical applications.

1 6-Hexanediol Market Top Key Players:

  • BASF SE (Germany)
  • Evonik Industries (Germany)
  • Lanxess Aktiengesellschaft (Germany)
  • Perstorp AB (Sweden)
  • Solvay (Belgium)
  • Fushun Tianfu Chemicals Co. Ltd. (China)
  • Hefei TNJ Chemical Industry Co. Ltd. (China)
  • Henan Tianfu Chemical Co. Ltd. China)
  • Linshui Nanming Chemical Co. Ltd. (China)
  • YUANLI SCIENCE AND TECHNOLOGY (China)
  • Zhejiang Lishui Nanming Chemical Co. Ltd. (China)
  • Zhengzhou Meiya Chemical Products Co. Ltd. (China)
  • Shandong Yuanli Science and Technology Co. Ltd. (China)
  • Muby Chemicals (India)
  • Novel Chem (India)
  • Prasol Chemicals Pvt. Ltd. (India)
  • UBE Corporation (Japan)
  • LG Chem (South Korea), and Others Major Players.

Key Industry Developments in the 1 6-Hexanediol Market:

  • In April 2023, Pearl Polyurethane Systems introduced a novel polyurethane-based adhesive named PearlBond. This versatile adhesive finds application in various contexts, such as serving as a binder for jogging tracks, kids' playground mats, and garden tiles. Additionally, it proves valuable in the construction industry, functioning as a lamination adhesive for sandwich panel insulation, a wood binder for structural purposes, and a roofing adhesive for diverse construction needs.
  • In August 2022, TIGER Drylac revealed plans for a significant expansion initiative set to take place at its existing facility located in St. Charles, Illinois, USA. This expansion project is designed to propel the growth of the company's powder coatings business.

1 6-Hexanediol Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 0.95 Bn.

Forecast Period 2024-32 CAGR:

6.96 %

Market Size in 2032:

USD 1.74 Bn.

Segments Covered:

By Raw Material

  • Adipic Acid
  • Cyclohexane

By Grade

  • Purity Grade 99%
  • Purity Grade 99.7%

By Application

  • Coating
  • Acrylates
  • Polyurethane
  • Polyester Resins
  • Plasticizers
  • Adhesives

By End-User

  • Marine
  • Automotive & Transportation
  • Pipe & Tanks
  • Electrical & Electronics
  • Wind Energy

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Usage as Chemical Compound Manufacturing Feedstock

Key Market Restraints:

  • Fluctuations in Raw Material Prices

Key Opportunities:

  • Advancements in Technology and The Production of Bio-based Minerals

Companies Covered in the report:

  • BASF SE (Germany), Evonik Industries (Germany), Lanxess Aktiengesellschaft (Germany), Perstorp AB (Sweden), Solvay (Belgium), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. 1 6-HEXANEDIOL MARKET BY RAW MATERIAL (2017-2032)
    1. 1 6-HEXANEDIOL MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. ADIPIC ACID
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CYCLOHEXANE
  7. 1 6-HEXANEDIOL MARKET BY GRADE (2017-2032)
    1. 1 6-HEXANEDIOL MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. PURITY GRADE 99%
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. PURITY GRADE 99.7%
  8. 1 6-HEXANEDIOL MARKET BY APPLICATION (2017-2032)
    1. 1 6-HEXANEDIOL MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. COATINGS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. ACRYLATES
    5. POLYURETHANE
    6. POLYESTER RESINS
    7. PLASTICIZERS
    8. ADHESIVES
  9. 1 6-HEXANEDIOL MARKET BY END-USER (2017-2032)
    1. 1 6-HEXANEDIOL MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. MARINE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. AUTOMOTIVE & TRANSPORTATION
    5. PIPE & TANKS
    6. ELECTRICAL & ELECTRONICS
    7. WIND ENERGY
  10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. 1 6-Hexanediol Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. BASF SE (GERMANY)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. EVONIK INDUSTRIES (GERMANY)
    4. LANXESS AKTIENGESELLSCHAFT (GERMANY)
    5. PERSTORP AB (SWEDEN)
    6. SOLVAY (BELGIUM)
    7. FUSHUN TIANFU CHEMICALS CO. LTD. (CHINA)
    8. HEFEI TNJ CHEMICAL INDUSTRY CO. LTD. (CHINA)
    9. HENAN TIANFU CHEMICAL CO. LTD. CHINA)
    10. LINSHUI NANMING CHEMICAL CO. LTD. (CHINA)
    11. YUANLI SCIENCE AND TECHNOLOGY (CHINA)
    12. ZHEJIANG LISHUI NANMING CHEMICAL CO. LTD. (CHINA)
    13. ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO. LTD. (CHINA)
    14. SHANDONG YUANLI SCIENCE AND TECHNOLOGY CO. LTD. (CHINA)
    15. MUBY CHEMICALS (INDIA)
    16. NOVEL CHEM (INDIA)
    17. PRASOL CHEMICALS PVT. LTD. (INDIA)
    18. UBE CORPORATION (JAPAN)
    19. LG CHEM (SOUTH KOREA)
  11. GLOBAL 1 6-HEXANEDIOL MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Raw Material
      4. Historic And Forecasted Market Size By Grade
      5. Historic And Forecasted Market Size By Application
      6. Historic And Forecasted Market Size By End-User
      7. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  12. INVESTMENT ANALYSIS
  13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

1 6-Hexanediol Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 0.95 Bn.

Forecast Period 2024-32 CAGR:

6.96 %

Market Size in 2032:

USD 1.74 Bn.

Segments Covered:

By Raw Material

  • Adipic Acid
  • Cyclohexane

By Grade

  • Purity Grade 99%
  • Purity Grade 99.7%

By Application

  • Coating
  • Acrylates
  • Polyurethane
  • Polyester Resins
  • Plasticizers
  • Adhesives

By End-User

  • Marine
  • Automotive & Transportation
  • Pipe & Tanks
  • Electrical & Electronics
  • Wind Energy

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Usage as Chemical Compound Manufacturing Feedstock

Key Market Restraints:

  • Fluctuations in Raw Material Prices

Key Opportunities:

  • Advancements in Technology and The Production of Bio-based Minerals

Companies Covered in the report:

  • BASF SE (Germany), Evonik Industries (Germany), Lanxess Aktiengesellschaft (Germany), Perstorp AB (Sweden), Solvay (Belgium), and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the 1 6-Hexanediol Market research report?

The forecast period in the 1 6-Hexanediol Market research report is 2024-2032.

Who are the key players in the 1 6-Hexanediol Market?

BASF SE (Germany), Evonik Industries (Germany), Lanxess Aktiengesellschaft (Germany), Perstorp AB (Sweden), Solvay (Belgium), Fushun Tianfu Chemicals Co. Ltd. (China), Hefei TNJ Chemical Industry Co. Ltd. (China), Henan Tianfu Chemical Co. Ltd. China), Linshui Nanming Chemical Co. Ltd. (China), YUANLI SCIENCE AND TECHNOLOGY (China), Zhejiang Lishui Nanming Chemical Co. Ltd. (China), Zhengzhou Meiya Chemical Products Co. Ltd. (China), Shandong Yuanli Science and Technology Co. Ltd. (China), Muby Chemicals (India), Novel Chem (India), Prasol Chemicals Pvt. Ltd. (India), UBE Corporation (Japan), LG Chem (South Korea), and Other Major Players.

What are the segments of the 1 6-Hexanediol Market?

The 1 6-Hexanediol Market is segmented into Raw Material, Grade, Application, End-User, and region. By Raw Material, the market is categorized into Adipic Acid and Cyclohexane. By Grade, the market is categorized into Purity Grade 99% and Purity Grade 99.7%. By Application, the market is categorized into Coatings, Acrylates, Polyurethane, Polyester Resins, Plasticizers and Adhesives. By End-User, the market is categorized into Marine, Automotive & Transportation, Pipe & Tanks, Electrical & Electronics and Wind Energy. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the 1 6-Hexanediol Market?

1,6-Hexanediol is a chemical compound represented by the molecular formula C6H14O2. This diol is highly versatile and finds extensive use in the manufacturing of polyurethanes, coatings, adhesives, and high-performance plastics. Renowned for its low volatility and solvent properties, 1,6-Hexanediol plays a crucial role in improving material flexibility, durability, and overall performance across a range of industrial applications.

How big is the 1 6-Hexanediol Market?

1 6-Hexanediol Market Size Was Valued at USD 0.95 Billion in 2023 and is Projected to Reach USD 1.74 Billion by 2032, Growing at a CAGR of 6.96% From 2024-2032.