Press release
Hexamine Market Overview, Segment Analysis, Growth Opportunities For Players : Hexion Inc., Sina Chemical Industries Company, JSC, Mitsubishi Gas Chemical America, Chemanol, Shandong, Kanoria Chemicals & Industries Ltd. & Ascend Performance Materials
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The unstabilized grade is the dominant type in the hexamine market, with an estimated contribution of more than 85.0% revenue in 2017. This can be attributed to the wide use of the chemical in the preservation of hides, as cross-linking agent for hardening phenol-formaldehyde resins and vulcanizing rubber, as corrosion inhibitor for steel, as dye fixative, and as urinary antiseptic, besides others.
This chemical is used in the synthesis of plastics, and construction and packaging industries are the major end users of plastics. With the rise in population, there has been an increase in the construction projects, especially the sewage projects, attributing to the increased use of plastic pipes.
Of all application categories in the hexamine market, resin accounted for the highest consumption of the chemical, with a contribution of more than 50% in 2017. This is attributed to the fact that it acts as an important component in thermosetting the resin production by working as a curing agent.
Globally, Asia-Pacific (APAC) has been the largest hexamine market, with a contribution of more than 50.0% revenue in 2017. It is also expected to be the fastest growing market during the forecast period, with 4.5% CAGR. Increasing demand for the chemical from different industries, such as rubber, resin, and pharmaceutical, is driving the growth of the market in the region.
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Some of the other major players operating in the hexamine market are Hexion Inc., Sina Chemical Industries Company, “JSC” Shchekinoazat United Chemical Company, Simalin Chemical Industries Pvt Ltd., Mitsubishi Gas Chemical Company Inc., Chemanol (Methanol Chemicals Company), Shandong Dongping Tongda Imp. & Exp. Co. Ltd., Kanoria Chemicals & Industries Limited, Ascend Performance Materials.
GLOBAL HEXAMINE MARKET SEGMENTATION
By Type
Stabilized Grade
Unstabilized Grade
By Application
Resin
Rubber
Pharmaceutical
Explosive
Others
By Region
North America
U.S.
Canada
Europe
Russia
France
Germany
Rest of Europe
APAC
China
India
Japan
Rest of APAC
Rest of the World (RoW)
Saudi Arabia
U.A.E.
Iran
Others
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