Global Hexamethylenediamine Market By Application (Nylon Synthesis, Curing Agents, Water Treatment Chemicals, Chemical Synthesis, Medical Applications, Adhesives, and Others), End User (Automotive, Textile, Paints and Coatings, Petrochemical, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Hexamethylenediamine Market
Data Bridge Market Research analyses that the hexamethylenediamine market will witness a CAGR of 4.55% for the forecast period of 2021-2028. Rising demand for hexamethylenediamine by nylon 66 resin industries globally, rising industrialization and increasing demand for polyamides from the 3D printing are the major factors attributable to the growth of the hexamethylenediamine market.
Having a chemical formula H2N (CH2)6NH2, hexamethylenediamine is an organic compound, colourless in nature and having a strong amine odour. Having a wide range of application, hexamethylenediamine is synthesized from adiponitrile. More than 90% of the produced hexamethylenediamine is used in the manufacturing of nylon 66 along with adipic acid. Apart from that, hexamethylenediamine is used for the production of nylon 69, nylon 610, and nylon 612. More than 1 billion kilograms of hexamethylenediamine are manufactured annually.
Increasing demand and consumption of nylon products as a catalyst is the root cause fuelling up the hexamethylenediamine market growth rate. Growth and expansion of automobile industry and other end user verticals is another factor responsible for propelling growth in the hexamethylenediamine market value. Upsurge in the automobile production that incorporates the use of nylon will further create lucrative growth opportunities for the hexamethylenediamine market. Rising demand for cyclohexane by oil and gas industry will further accelerate the cyclohexane market growth rate. Rising industrialization coupled with low cost of production of cyclohexane will also directly and positively impact the growth rate of cyclohexane market. Rise in the demand for bio based nylon resins will further propel growth in the demand for hexamethylenediamine.
However, rising environmental safety and conservation concerns coupled with volatility in the prices of raw materials will pose a major challenge to the growth of the hexamethylenediamine market. Lack of institutional arrangements for the consumption of hexamethylenediamine and developing and under developing nations will further restrict the scope of growth for the hexamethylenediamine market. Substitutes available in the market such as bio based materials will further derail the market growth rate.
This hexamethylenediamine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on hexamethylenediamine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hexamethylenediamine Market Scope and Market Size
The hexamethylenediamine market is segmented on the basis of application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the hexamethylenediamine market is segmented into nylon synthesis, curing agents, water treatment chemicals, chemical synthesis, medical applications, adhesives, and others.
- On the basis of end user, the hexamethylenediamine market is segmented into automotive, textile, paints and coatings, petrochemical, and others.
Global Hexamethylenediamine Market Country Level Analysis
The hexamethylenediamine market is analysed and market size, volume information is provided by country, application and end user as referenced above.
The countries covered in the hexamethylenediamine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hexamethylenediamine market and will continue to flourish its trend of dominance during the forecast period as well. Rising production of nylon 66 and increased demand for fibre are the major factors fostering the market growth in this region. Asia-Pacific on the other hand will score the highest CAGR during the forecast period. Emerging economies like India and China are the major contributors from this region owing to the economies rapidly undergoing economic changes. Increased focus of the manufacturers to manufacture lightweight automotive parts and components is fostering the market growth in this region. Increasing set up of manufacturing units by the major players in this region is another important factor inducing growth in the demand for hexamethylenediamine.
The country section of the hexamethylenediamine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hexamethylenediamine Market Share Analysis
The hexamethylenediamine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hexamethylenediamine market.
The major players covered in the hexamethylenediamine market report are Evonik Industries AG, BASF SE, Asahi Kasei Corporation., Solvay, Ashland., Merck KGaA, DuPont, TORAY INDUSTRIES, INC., INVISTA., Radici Partecipazioni SpA, DAEJUNGCHE CHEMICAL & METALS CO., LTD., Genomatica, Inc, Junsei Chemical Co.,Ltd., Suzhou Sichang Learning Technology Co., Ltd., Alfa Aesar, Thermo Fisher Scientific., Eastman Chemical Company, Arkema, Ascend Performance Materials, Formosa Plastics Corporation and Huntsman International LLC. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.