Press release
Global Hexamine Market to represent a significant expansion at 4.2% CAGR by 2026
Global Hexamine Market
The global hexamine market is expected to experience significant growth in the coming years. Hexamine, also known as methenamine, is a highly versatile and cost-effective compound that finds extensive applications in various industries. Its use as a fuel additive, animal feed additive, and in the production of plastics, explosives, and pharmaceuticals has fueled the demand for hexamine.
The report provides an overview of the global hexamine market, including market size, growth rate, and revenue projections. According to the report, the global hexamine market is expected to grow at a CAGR of 4.2% during the forecast period (2018-2026), driven by the increasing demand for hexamine in the production of resins, coatings, and laminates.
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Global Hexamine Market: Dynamics
The global hexamine market is driven by the increasing demand from end-use industries such as pharmaceutical, chemical, agrochemical, textile and polymer, among others. In the agrochemical sector, the increasing demand for agrochemicals such as herbicides, fungicides and insecticides is expected to drive the demand for hexamine as it is a key raw material in the production of agrochemicals. Thus, the growing demand for agrochemicals around the globe is in turn expected to drive the hexamine market.
Rapid growth of textile, pharmaceutical and rubber industries around the globe is expected to provide impetus for the growth of the hexamine market. Increasing demand for hexamine as an antioxidant and modifier in several industries is also projected to fuel the growth of the market during the forecast period.
On the other hand, stringent government regulations in developed regions regarding the use of hexamine may hamper the growth of the market to some extent. Along with this, in several countries, antidumping duty has been levied on hexamine, which eventually negatively impact the hexamine market.Â
Global Hexamine Market:Â Segmentation
On the basis of purity
• ≤ 95%
• < 95% to < 99%
• ≥ 99%
On the basis of function
• Antioxidants
• Modifiers
• Inhibitors
• Chemical intermediates
• Others
On the basis of application
• Agriculture
• Polymer & plastics
• Leather and textile
• Adhesives & sealants
• Metal industry
• Oil & gas
• Paper
• Pharmaceuticals
• Rubber
• Others
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Global Hexamine Market:Â Regional Outlook
From a regional prospective, the global hexamine market is dominated by the Asia Pacific region. Rising interest of investors and shifting of the manufacturing sector from developed to developing countries such as India, China, and Singapore are among the key factors contributing to the substantial penetration of hexamine in the APAC market.
The growth of rubber, chemical and pharmaceutical industries is significant in Asia Pacific, which in turn has been translating to an upsurge in the demand for hexamine. Moreover, the growth of polymer & plastics and textile industries, coupled with the increasing demand for adhesives and sealants from the construction industry in Asia Pacific, is expected to result in a substantial rise in the demand for hexamine during the forecast period.
Europe and North America are expected to hold the second spot in terms of demand, owing to the increasing consumption of hexamine for the synthesis of several chemicals and polymer compounds, which in turn is expected to fuel the demand for hexamine market during the forecast period.
The North America hexamine market is expected to register significant growth while the Middle East and Latin America Hexamine markets are expected to witness sluggish demand and is expected to register slow growth over the forecast period.
Global Hexamine Market:Â Market Participants
Some of key players identified across the value chain of the global hexamine market include:
• Iran Petrochemical Commercial Company
• kanoria chemicals & industries ltd
• Kothari Phytochemicals & Industries Ltd
• Newton Engineering & Chemicals Ltd.
• PJSC Metafrax
• Shchekinoazot JSC
• Simalin Chemical Industries Pvt Ltd
• Sina Chemical Industries Co.
The hexamine report covers exhaust analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Current Trends/Issues/Challenges
• Market Competition Landscape
• New product
• Value Chain
Regional Hexamine Market 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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Global Hexamine Market Report Highlights:
• Detailed overview of market
• Changing market dynamics in the industry
• In-depth Hexamine market segmentation
• Historical, current, and projected hexamine market size in terms of volume and value
• Recent industry trends and developments pertaining to market
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• Must-have information for hexamine market players to sustain and enhance their market footprint
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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