Growing Demand from Plastic Industry Driving Hexamine Market
Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/hexamine-market/report-sample
As hexamine is heavily used as an antibiotic for the suppression of bacteriuria in patients suffering from neurological diseases and the treatment of people suffering from urinary tract infections, the rising prevalence of these illnesses is propelling the demand for hexamine. This chemical is also used in the production of automobile tires, owing to its ability to act as an accelerator in the manufacturing of vulcanized rubber. Because of this reason, the surging sales and manufacturing of automobiles, due to the growing disposable income of people, particularly in China, are positively impacting its worldwide demand.
This is, in turn, fueling the expansion of the hexamine market, owing to which, the revenue of the market is predicted to surge from $315.4 million in 2017 to $394.2 million by 2023.
Furthermore, the market is expected to advance at a CAGR of 3.7% from 2018 to 2023 (forecast period). There are mainly two types of hexamine used across the world—stabilized grade and unstabilized grade. Between these, the demand for unstabilized grade was found to be higher in the years gone by.
Browse full report at: https://www.psmarketresearch.com/market-analysis/hexamine-market
According to the market research company, P&S Intelligence, one of the major trends currently being observed in the industry is the surging production of the material in Asia-Pacific (APAC). This is because of the existence of lenient policies regarding chemical production and the availability of affordable raw materials in the region. Many hexamine producers are rapidly shifting their production facilities to APAC countries, due to the implementation of strict environmental regulations by the governments of European and North American countries.
Hence, it can be said with full confidence that the demand for hexamine will surge all over the world in the upcoming years, mainly because of the rising usage of the material in various industries and in plastic production processes.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing Demand from Plastic Industry Driving Hexamine Market here
News-ID: 2395295 • Views: 174
More Releases from P&S Intelligence
Application Platform as a Service Market Share, Size, Future Demand, Top Leading …
The burgeoning requirement for scalability and flexibility in application development is positively impacting the demand for application platform as a service (aPaaS) solutions. The development and deployment of various on-premise applications require operating systems (OS), databases, hardware, and various other types of software. PaaS solutions provide the infrastructure over the internet for deploying the applications. Thus, the adoption of aPaaS allows enterprises to avoid unnecessary investments in the technicalities related
E-Cigarette Market Size, Status, Top Players, Trends in Upcoming Years
The increasing incidence of deaths caused due to cigarette smoking, is one of the key factors driving the demand for e-cigarettes. According to the World Health Organization (WHO), over 8 million people deaths are recorded every year because of tobacco consumption. Out of these, direct tobacco use claims the lives of over 7 million people across the world. Furthermore, the organization found that cigarette smoking is the most common form
Metering Pump Market Analysis by Trends, Size, Share, Growth Opportunities, and …
The implementation of stringent government policies for water treatment is driving the demand for metering pumps. This is because these pumps are extensively used in water treatment facilities for feeding chemical additives to the wastewater in order to eliminate slurry, pollutants, and harmful microorganisms, thereby making the water safe for consumption. In the U.S., the Water Infrastructure Act (AWIA) was amended in 2018, and the amended law focuses on water
U.S. Engine-Driven Welder Market Size, Leading Players, Growth and Business Oppo …
The U.S. Department of Housing and Urban Development and U.S. Census Bureau stated that 1,324,000 residential housing plans were completed in the country in June 2021. In the same month, the Bureau and Department also permitted the construction of 1,598,000 buildings in the country in the immediate future. Furthermore, the country witnessed the launch of 1,643,000 new residential housing projects in June 2021. Thus, the increasing construction activities, especially in
More Releases for APAC
APAC to Spearhead Shampoo Market
The global shampoo market is likely to grow at a notable CAGR between 2019- 2024, reveals the new Market Research Future (MRFR) report. Shampoo, simply put, is a hair care product that is a viscous liquid used to clean hair. It helps to remove the unwanted build-up, thus making hair clean and manageable. Medicated shampoo, children’s shampoo, cosmetic shampoo, dry shampoo, and others are the different types of shampoo. Get
Telcos' MSS Market Opportunity in APAC
Telcos' MSS Market Opportunity in APAC Summary "Telcos' MSS Market Opportunity in APAC", a new Telecom Insider Report by Publisher, provides an executive-level overview of the managed security services (MSS) market opportunity for telecoms companies in Asia Pacific (APAC). It delivers qualitative insights into the MSS market, analyzing key trends and growth drivers in the region. Get Sample Copy at https://www.reportsweb.com/inquiry&RW00012430719/sample APAC telcos are in varying states of development with their MSS services.
Agrochemicals Market in APAC
ReportsWorldwide has announced the addition of a new report title APAC: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “APAC: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Spinal Fusion - APAC Analysis and Market Forecasts
ReportsWorldwide has announced the addition of a new report title Spinal Fusion - APAC Analysis and Market Forecasts to its growing collection of premium market research reports. The spinal fusion market is an established orthopedic market that has witnessed sluggish revenue growth in the past five years. GlobalData evaluated the currently-marketed spinal fusion implants, identified the unmet needs in the market, and provided an understanding of surgeons’ perceptions of the latest
Global Dimer Acid Market : APAC Demanding Region
The global market for dimer acids valued at an estimated US$ 494.1 million in 2015, and is expected to expand at a CAGR of 6.1% from 2015 to 2021, to reach a market value of US$ 705.8 Mn by 2021. The growth of end use industries is expected to emerge as a major factor driving the global dimer acid market during the forecast period. Moreover, steady economic growth in regions
LeadMaster APAC appoints new Chief Financial Officer
LeadMaster, a leading CRM and Inside Sales Services company focused on the Asia-Pacific region, announced today that Sócrates Jiménez has joined the company as Chief Financial Officer. Mr. Jiménez will be based at the company’s corporate headquarters in Sydney, Australia. “LeadMaster is very fortunate to add Sócrates to its growing team as the Company strengthens and aggressively expands its business presence in the Asia Pacific region. As part of