Rise in Demand for Hexamine as an Antioxidant and Modifier Expected to Drive Global Hexamine for Industrial Use Market: Ken Research

Hexamine is also identified as hexamethylenetetramine. It is a specific type of hetero-cyclic organic crystalline compound, generally available in the white crystalline powder form, which is soluble in water & organic compounds. Industrial hexamine is formed by reaction between ammonia and formaldehyde. It is usually used into numerous applications including rubber industry, synthetic-resin industry, textile industry and other industries. It is largely used as a hardening-compound in the phenolic-resins and phenolic-resin molding-compounds formulation. Besides this, it is also used as a binder in the manufacturing of brake & clutch linings, non-woven textiles, abrasive products and fireproof materials.

In general, hexamine is available in two forms, stabilized form and un-stabilized form. Each form has different uses, for example the unstabilized hexamine is generally used in coating, adhesive and sealant applications, while the stabilized hexamine form is used as a chemical intermediate in the process industry.

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Referring to the study, Global Hexamine for Industrial Uses Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027. Some of the key companies operating in the global hexamine for industrial use market include Caldic, KCIL, MGC, COPENOR, INEOS, Hexion, Simalin, Metafrax, Sina Chemical, Shchekinoazot JSC, Shengxuelong Chemical, Xudong Chemical, GAMERON, Ruixing Group, Feno Resinas, Yangmei Fengxi, Runhua Chemical, CHEMANOL, Xiangrui Chemical, Linze Chemical, Yuhang Chemical and among others.

Based on types, hexamine for industrial use market can be segregated as stabilized grade and unstabilized grade. Unstabilized grade hexamine is generally produced by manufacturers in all over the world, so the percentage of unstabilized grade is higher than that of stabilized grade. In addition, based on application, market can be segregated as rubber industry, synthetic resin industry and textile industry.

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Rapid growth of textile, pharmaceutical and rubber industries, followed by rise in demand for agrochemicals such as fungicides, herbicides, and insecticides, surge in demand for adhesives & sealants from the construction industry, increase in disposable income and rise in demand for hexamine as an antioxidant & modifier in several industries are some major factors, which are responsible for growth of the hexamine for industrial use market. However, a stringent government regulation in the developed regions regarding the use of hexamine is a key restraining factor for market.

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Based on regional analysis, the Asia-Pacific is a leading region in global hexamine for industrial use market owing to growth in population, rise in demand for hexamine as a food preservative in the food & beverage industry coupled with increase in interest of investors and shifting of manufacturing sector from the developed to developing countries such as China, India, and Singapore across the region. The North-America and Europe regions are estimated to witness higher growth rate due to growth in consumption of hexamine for synthesis of several chemicals & polymer compounds over the forecast period. It is projected that future of the global hexamine for industrial use market will be optimistic on account of growth of polymer & plastics and textile industries during the forecast period.

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