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Hexamethylenediamine Market Trends by Key Players: BASF, Solvay, Evonik Industries, Asahi Kasei, Rennovia, Invista, Genomatica, Ashland, INVISTA

Hexamethylenediamine Market Trends by Key Players: BASF,

North America led by the U.S. and Mexico has significant share in global hexamethylenediamine market with demand for nylon textile in automobile industry. Companies such as Ascend Performance materials and INVISTA have increased their capacity that has augmented overall production. Europe has substantial share with well-established and prevailing automobile industry hosting big players such as Audi and Volkswagen. Further, rise in restrictions for low weight automobile shall drive its demand in this region.

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Hexamethylenediamine Market Size shall witness healthy growth during forecast period with applications in automotive, textile, paints & coatings and petrochemical industries. These are used to manufacture nylon that is anticipated to grow at healthy CAGR in next ten years with application in apparels, carpet fibres, air bags, air intake manifolds and fire-retardant products and may propel hexamethylenediamine market.

Major restriction for hexamethylenediamine market is emergence of substitutes for manufacture of nylons. These are quite corrosive and require high cost for its manufacturing, packing and transportation. Stringent government regulations for risk management and manufacturing may pose as a challenge in near future. Further, these are quite harmful and can cause irritation, skin burns and eye damage. It is not easy to dispose as it is harmful to invertebrates.

Based on application, hexamethylenediamine market is segmented into nylon synthesis, lubricants, curing agents, biocides, coating intermediates, adhesives and water treatment chemicals. Nylon synthesis has major share with end use in automobile and textile industry. These are used to manufacture technical textile products for automobiles, electrical and electronics. The technical product industry has grown at a CAGR around 6% in past five years and shall spur its consumption.

Based on end use industry, hexamethylenediamine market is classified as automotive, textile, petrochemical, paints & coatings and others including aerospace, adhesives and electrical & electronics. Automotive segment has major share with application in connectors, housings, wheel wells and lighting components. These have incredible chemical and physical property as compared to metals. Further, flexibility in design shall boost its demand.

Textile industry has substantial share in hexamethylenediamine market with its use to manufacture products such as apparels and carpets. Nylon 6-6 is quite durable and has high temperature resistance that makes it a sought-after material in various industries. Aerospace industry has moderate share and shall depict significant growth with utilization of nylon in place of metals. Painting & coatings have nascent share with use for coating intermediates and curing agents.

Asia Pacific has moderate share in hexamethylenediamine market owing to consumption of nylon. In this region, textile industry is growing at a CAGR of above 4.5% in past five years that in turn has enhanced product consumption. Middle East & Arica has strong presence with prevailing petrochemical industry and low raw material cost.

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Top key players:
Hexamethylenediamine market is quite fragmented with presence of many regional and local players. Prominent player is DuPont, Toray industries, BASF, Solvay, Evonik Industries, Asahi Kasei, Rennovia, Invista, Genomatica, Ashland, INVISTA, East Chemical Company and Ascend Performance Materials to name a few. Companies are investing in their research and development facilities for bio based production technology owing to its cost effectiveness and meeting environmental standards.

Market share calculation in this report is not done based on companies covered in it. The calculation of Hexamethylenediamine market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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