Hexamethylphosphoramide Market Consumption and Revenue Analysis by Regions, Application to 2029

Hexamethylphosphoramide (HMPA) refers to a colorless organic liquid medium ammonia flavor that is found to be soluble in both polar and non-polar solvents. It is a highly efficient organic catalyst that is responsible for the reversible-deactivation radical polymerization of methyl methacrylate. It is made from the reaction of dimethylamine and phosphorus oxychloride and is used as a polymer-solvent for various applications such as a laboratory solvent for organometallic and organic reactions, selective solvent for gases, and a stabilizer in polystyrene against thermal degradation.

They are used in the industrial application sector and are in high demand in several niche markets. In addition to this, it is used as a chemosterilant for a number of insect pests and chemical mutagen as it causes reproductive sterility in an organism. It is used to control the economically destructive or disease-causing pests, which are done by either causing temporary or permanent sterility of one or both of the sexes. Furthermore, it is also used as a weathering solvent of polyvinyl chloride and polar solvent, which significantly affects the aging and low-temperature resistance of the agricultural films.

Solar energy is the most convenient renewable solution and a highly efficient form of unconventional energy that reduces greenhouse emissions and global warming. The solar industry has been growing rapidly, owing to the increasing environmental pollution and initiatives and support from various governments across the globe to install solar panels. Apart from this, the demand for solar energy systems is witnessing a significant surge in the power generation sectors. As per Solar Power Europe, solar energy alone reached a total share of 12.1% in the global total power output in 2017.

As per the Journal of Materials Chemistry, a 17% efficient perovskite solar mini-module was created with hexamethylphosphoramide (HMPA) as the lewis base additive. Perovskite solar cells convert visible light and ultraviolet into electricity. They also have tunable bandgaps, which means they can be easily custom-designed and hexamethylphosphoramide has helped in forming a denser and uniform perovskite film with high optoelectronic quality. 
Global Hexamethylphosphoramide Market size and CAGR between 2019 and 2026, report considers the major factors accountable for driving the growth of the keyword Industry, in addition to the key hindrances and challenges. The market research methodology of the market is predicated on both primaries also as secondary research data sources. It commits different factors affecting keyword industry such as market environment, different policies of the government, historical data and market trends, technological advancements, forthcoming innovations, market risk factors, market restraints, and obstacles in the industry.

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The Major Players Covered in this Report:
BASF SE, Masuda Chemical Industries Co Ltd, Alfa Chemistry, CarboMer, Apollo Scientific Ltd, AccuStandard, Dr Ehrenstorfer GmbH, Ningbo Huajia Chemical Co Ltd, Jiangxi JixiangPharmchemical Chemical Co Ltd., Jinan FuFang Chemical Co Ltd, & More...

By Type, 0%–99.5%, >99.5%,
By Form, Specialty Solvent, Oxidan

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Hexamethylphosphoramide in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Hexamethylphosphoramide market during the forecast period 2020-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Hexamethylphosphoramide and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Hexamethylphosphoramide. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

Use of Hexamethylphosphoramide in PVC:
The increased use of PVC in different industries is anticipated to surge the demand for hexamethylphosphoramide during the forecast period.

PVC refers to a very durable and long-lasting material, which falls into the category of thermoplastic resins that are hard plastics but can be softened through heating. It is made of 57% chlorine and 43% carbon and uses more renewable resources for its production. PVC is the world's third-most widely produced synthetic plastic polymer that is versatile, durable, affordable, and recyclable. It is used for a broad range of applications, such as window frames, cables, sports equipment, pipes, flooring, furniture, and a range of life-saving medical devices.

Hexamethylphosphoramide acts as the light stabilizer of PVC, which enables amazing anti-aging properties of outdoor products and excellent weather resistance. Thus, the use of hexamethylphosphoramide in PVC is increasing, further increasing the demand for PVC in various industries for its various advantages. As per the European Council of Vinyl Manufacturers, around 70% of the PVC is used for durable, affordable, and recyclable building and construction products. The council also stated that in the EU-28, about 6.5 million tons of PVC products are manufactured every year, further driving the demand for hexamethylphosphoramide.

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Toxic Effects of Hexamethylphosphoramide:
The carcinogenic solvent of hexamethylphosphoramide hinders the market growth. The researchers are compelled to look for better options, such as DMI, due to safety reasons. As per the Journal of Chemical Ecology, 19 out of 21 carcinogens are active in HMPA, whereas 3 out of 6 non-carcinogens were active in the Drosophila system.

Hexamethylphosphoramide is known to have toxic effects on experimental animals. The repetitive application of hexamethylphosphoramide on the skin of rabbits leads to weight loss, neurological disorders, and changes in gastric functions. Additionally, it initiates acute poisoning in rats leads to severe bronchiectasis and bronchial pneumonia. The oral administration of this liquid can cause semen deficiencies and testicular atrophy.

According to various studies, it has also been seen that upon inhaling HMPA, the rats start showing nasal tumors after eight months after getting exposed to 400 to 4000 ppb HMPA. In some of the mice, cancer has also been shown to be initiated. Therefore, the use of hexamethylphosphoramide on animals may get restricted in the near future.

Key questions answered in this report:
What will be the market size by the end of the forecast period?
What are the factors driving the growth of the market?
What are the trends and developments that are likely to drive the growth of the market?
Who are the key players operating in the market?
What are the challenges, threats, and opportunities faced by the leading players?
What are the strengths and weaknesses of the key players of the market?

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