Hexamethylenediamine Market (2017 – 2027) | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insights

Hexamethylenediamine, abbreviated as HMDA, is a colorless solid with a prominent amine odor. Hexamethylenediamine is synthesized from adiponitrile and is useful in a wide range of applications in the chemical industry. Hexamethylenediamine is used as a chemical intermediate monomer in the production of polymers such as nylon 6-6. In addition to this, it is also used in the manufacturing of coatings, curing agents, additives in petrochemical industry, inks and in scale and corrosion inhibitors used in water treatment chemicals. Moreover, hexamethylenediamine is used in combination with dicarboxylic acids for the production of other nylons such as nylon 69, nylon 610, and nylon 612. It is also used as a hardener for epoxy resins. In recent years, the demand for bio-based hexamethylenediamine needed for manufacturing nylon 66 has increased immensely. The overall market for hexamethylenediamine is anticipated to grow at a moderate CAGR over the forecast period.

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Global Hexamethylenediamin Market Trends

There has been a significant increase in demand for bio-based nylon resins and hence, companies are focusing on creating a bio-based production technology for the manufacturing hexamethylenediamine and adipic acid (the other component used in the manufacture of nylon 66 along with hexamthylenediamine). The major factors differentiating the conventional hexamethylenediamine from bio-based hexamethylenediamine include cost effectiveness, raw material prices and the production process.

Yet another major trend observed in the global hexamethylenediamine market is that major manufacturers are focusing on the expansion of their production capacity to gain an edge over other players in the market. Many of the manufacturers have expanded their footprints in the emerging markets of China, India and other Asian Countries. The manufacturers are also making significant investments on acquisitions in the global hexamethylenediamine market.

Global Hexamethylenediamine Market Regional Outlook

The global hexamethylenediamine market is dominated by North America and Western Europe. Both the regions are a major consumer of hexamethylenediamine, which is majorly used in the manufacturing of nylon 66 resins. However, the regions will show steady growth over the forecast period as they have relatively mature markets. Japan also holds a significant share in the global hexamethylenediamine market. The market for hexamethylenediamine is projected to shift towards Asia Pacific with China expected to be a dominant player. Asia Pacific region is projected to register a relatively higher CAGR as compared to other regions. Middle East and Africa is estimated to show sluggish growth over the outlook period.

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Global Hexamethylenediamine Market Participants

Some of the market participants identified across the value chain of the global hexamethylenediamine market are:

BASF SE, Toray Industries, Inc., Solvay S.A., Asahi Kasei Corporation, Invista, Rennovia, Eastman Chemical Company, Genomatica, Ascend Performance Materials, Ashland Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Global Hexamethylenediamine Market Segmentation
On the basis of application, the global hexamethylenediamine market can be segmented into:
• Water treatment chemicals
• Paints, inks and Coatings
• Adhesives and Sealants
• Chemical synthesis
• Lubricants
• Textile Industry
• Consumer goods
• Medical applications
• Paper and Pulp Industry

Regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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