Hexamethylenediamine Market Poised for Steady Growth in the Future
Global Hexamethylenediamin Market Dynamics
Global Hexamethylenediamin Market Drivers
One of the major consumption areas for hexamethylenediamine is the manufacturing process of nylon 66 fiber and resins. Hence, the increase in demand for nylon 66 fibers has largely impacted the global hexamethylenediamine market in a positive way. With the growth of nylon as a major substitute for a number of applications, especially in the automotive industry where nylon has substituted metals in a number of applications, it is expected that the hexamethylenediamine market will grow at a fast pace. During the past few years, there has been a significant rise in demand for hexamethylenediamine which is used for the manufacturing of nylon 6-6 resins.
Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-gb-3721
Global Hexamethylenediamin Market Restraints
The increasing research and development focused on the development of a better substitute to replace the use of hexamethylenediamine during the manufacturing of nylon 66 is a major restraint for the market. Additionally, hexamthylenediamine is a highly corrosive substance and hence, there are regulations governing the manufacturing, packing and transport of this chemical.
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.
Request For TOC: http://www.futuremarketinsights.com/toc/rep-gb-3721
Global Hexamethylenediamine Market Segmentation
The global Hexamethylenediamine market can be segmented on the basis of application and region.
On the basis of application, the global hexamethylenediamine market can be segmented into:
Water treatment chemicals
Paints, inks and Coatings
Adhesives and Sealants
Paper and Pulp Industry
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.
Browse Full Report: http://www.futuremarketinsights.com/reports/hexamethylenediamine-market
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, Evonik Industries AG, Invista, Rennovia, Eastman Chemical Company, Genomatica, Ascend Performance Materials, Ashland Inc.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
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 Hexamethylenediamine Market Poised for Steady Growth in the Future here
News-ID: 554645 • Views: 187
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring