Leading Players in the Global Hexamethylenediamine Market Expected to Grow at a CAGR of 5.9% by 2024
The global hexamethylenediamine market accounted for USD 4.86billion in 2016 and is projected to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Hexamethylenediamine is an organic compound having formula of H2N(CH2)6NH2.Hexamethylnediamine has a wide range of applications in the chemical industry where it is used in the manufacturing of the coatings, adhesives, as well as in the petrochemicals industry. It also finds application in corrosion inhibitors used in the water treatment chemicals.
Major market drivers:
• Increasing demand from the nylon 66 resin market
• Increasing demand for polyamides from the 3D printing market
• Lack of institutional arrangements for the consumption of hexamethylenediamine in emerging economies
Major Market Competitors
Some of the major players in the hexamethylenediamine market include BASF SE, E. I. Du Pont De Nemours, Toray Industries, Inc., Asahi Kasei Corporation, Merck KGaA, Evonik Industries AG, Ashland Global Holdings, Inc., Invista, RadiciPartecipazioni Spa, Daejungche Chemicals & Metals Co., Ltd., Genomatica, Junsei Chemical Co., Ltd., Suzhou Sibian Chemicals Co., Ltd., Alfa Aesar, Aladdin Industrial Corporation, Liaoyang Petrochemical Company and many more.
The hexamethylenediamine market is segmented on the basis of applicationinto nylon synthesis, curing agents, water treatment chemicals, chemical synthesis, medical applications, adhesives, and others.
On the basis of end user, the market is segmented into automotive, textile, paints and coatings, petrochemical, and others.
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On the basis of geography, the hexamethylenediamine market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacificis expected to dominate the market.
The global hexamethylenediamine market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Hexamethylenediamine (HMDA) is an organic compound having chemical formula H2N (CH2)6NH2. It is a colorless solid with strong amine odor similar to that of pipiridine. It is synthesized from adiponitrile and has numerous applications in chemical industry. Almost 90% of the produced HMDA is utilized in the production of nylon 66. The non-nylon applications of HMDA includes high performance polyurethanes paints, epoxy curing agents, petrochemicals additives and coatings. It also