Hexamethylenediamine Market Projected to Hit $6.82 Billion by 2022

The hexamethylenediamine market is estimated to be $5.35 billion in 2017 and is projected to reach $6.82 billion by 2022, at a CAGR of 5.0% during the forecast period.
The growth of the automotive industry is expected to steer the demand for hexamethylenediamine. Lack of institutional arrangements for the consumption of hexamethylenediamine in emerging economies acts as a key restraint on the growth of the global hexamethylenediamine market.

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Companies operating in the global hexamethylenediamine market include
1. BASF SE (Germany),
2. E. I. du Pont de Nemours (DuPont) (US),
3. Asahi Kasei Corporation (Japan),
4. Toray Industries, Inc. (Japan),
5. Merck KGaA (Germany),
6. Evonik Industries AG (Germany),
7. Solvay S.A. (Belgium),
8. Ashland Global Holdings, Inc. (US),
9. Invista (US),
10. Ascend Performance Materials (US),
11. Rennovia, Inc. (US),
12. Compass Chemical (US).
Target Audience
1. Manufacturers of Hexamethylenediamine
2. Traders, Distributors, and Suppliers of Hexamethylenediamine
3. End-Use Industries operating in the Hexamethylenediamine Supply Chain
4. Government and Research Organizations
5. Associations and Industrial Bodies
6. Research and Consulting Firms
7. R&D Institutions
8. Environment Support Agencies
9. Investment Banks and Private Equity Firms
The global hexamethylenediamine market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations.
The demand for hexamethylenediamine is mainly driven by the growing consumption of nylon 66 in different end-use industries. The demand for nylon is expected to be quite significant in the automotive industry owing to the strong growth of the automotive industry in emerging markets, such as China, India, and Brazil.
“This study answers several questions for the stakeholders, primarily the market segments which they need to focus upon during the next two to five years, so that they may prioritize their efforts and investments accordingly.”

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Profile break-up of primary participants for the report:
1. By Company Type: Tier 1 – 30%, Tier 2 – 40% and Tier 3 – 30%
2. By Designation: CLevel – 51%, DLevel – 28%, and Others–21%
3. By Region: Asia-Pacific– 36%,North America – 29%, Europe –21%, Middle East & Africa- 7%, and South America –7%
Scope of the report: This research report categorizes the global hexamethylenediamine market based on application, end-use industry, and region, forecasting revenues as well as analyzing trends in each of the submarkets.
On the basis of Application:
• Nylon Synthesis
• Curing Agents
• Lubricants
• Biocides
• Coatings Intermediate
• Adhesives
• Water Treatment Chemical
• Others
On the basis of End-use Industry:
• Automotive
• Textile
• Paints & Coatings
• Petrochemical
• Others
On the basis of Region:
• Asia-Pacific
• North America
• Europe
• Middle East & Africa
• South America
By region, North America is anticipated to lead the global hexamethylenediamine market during the forecast period. The growth of the North Americahexamethylenediamine market is mainly driven by the growth of the region’s automotive industry. There is an increasing demand for nylon-based products and components in the automotive industry. Hence, the growth of the automotive industry is, in turn, anticipated to drive the hexamethylenediamine market in the coming years. The hexamethylenediamine market in the Asia-Pacific region is expected to grow at the highest CAGR from 2017 to 2022. This growth is primarily attributed to the high demand for hexamethylenediamine from countries like China, Japan, India, Taiwan, and South Korea in the Asia-Pacific region.

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The automotive industry is the largest end-use industry segment of the global hexamethylenediamine market.
Hexamethylenediamine is majorly used in the synthesis of nylon 66, which is widely used in the automotive industry for making various products and components, such as connectors & housings, under-the-hood components, wheel well, and lighting components, such as headlamp structural housings, headlamps& fog lamps, and reflectors & lighting sockets, among others.

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