Report

Hexamethylenediamine Market By Application (Nylon Synthesis, Curing Agents, Lubricants, Biocides, Coatings Intermediate, Adhesives, Water Treatment Chemical, Others) By End-User Industry (Automotive, Textile, Paints & Coatings, Petrochemical, Others) Global Opportunity Analysis and Industry Forecast To 2030

  • Publish Date: Jul,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global hexamethylenediamine market size was US$ 5.90 billion in 2021. The global hexamethylenediamine market size is forecast to reach US$ 10.03 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.

The chemical compound hexamethylenediamine (HMDA) has the formula H2N (CH2)6NH2. The compound consists of a chain of hexamethylene hydrocarbon chains that end in amine functional groups. The chemical compound has a strong amine odor, similar to piperidine. It is derived from adiponitrile and has numerous applications in the chemical industry. In addition to its use in high-performance polyurethane paints, petrochemical additives, coatings, and epoxy curing agents, hexamethylenediamine also plays a significant role as a corrosion and scale inhibitor in water treatment facilities.

Factors Influencing Market Growth
The hexamethylenediamine industry is primarily involved in the manufacture of nylon 66 resins and threads. Therefore, increasing nylon 66 production will boost the hexamethylenediamine industry.
The increasing stringency of regulation for sewage treatment and industrial waste treatment in order to combat pollution is a major factor driving the global market.
Bio-based nylon alternatives may slow down the overall market growth.
There is a growing need for producing biobased hexamethylenediamine due to the increasing environmental concerns. It is likely to create lucrative opportunities for players operating in the global market.

Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market growth. The COVID-19 pandemic caused several countries worldwide to impose a lockdown in order to combat the spread of COVID-19, which completely disrupted the supply and demand scenario. In addition, the primary consumer's hexamethylenediamine, such as textiles, automotive, and others, had to shut down their operations. As a result, the demand for hexamethylenediamine reduced.

Regional Insights
The Asia Pacific region is forecast to have lucrative growth in the hexamethylenediamine market. As a result of the expansion of the automotive and manufacturing industries. The low labor cost, easy availability of raw materials, and low production cost encourage major nylon producers to establish their manufacturing bases in Asia Pacific's developing markets, such as India, Taiwan, and China.

North America garnered the major market share in 2021. The growing demand for hexamethylenediamine as a raw material in the paints and coating industry and the increasing constructional activities are driving the regional market. In addition, the rapid advancement of technology in the US coupled with the emergence of multifunctional applications such as 3D printing and functional coatings are driving growth in this region.

Leading Competitors
The leading prominent companies profiled in the global hexamethylenediamine market are:
BASF SE
DuPont
Asahi Kasei Corporation
Toray Industries, Incorporated
Merck KGaA
Evonik Industries AG
Solvay S.A.
Ashland Global Holdings, Incorporated
Invista
Ascend Performance Materials
Rennovia, Incorporated
Compass Chemical
Other Prominent Players

Scope of the Report
The global hexamethylenediamine market segmentation focuses on Application, End-User Industry, and Region.
Segmentation based on Application
Nylon Synthesis
Curing Agents
Lubricants
Biocides
Coatings Intermediate
Adhesives
Water Treatment Chemical
Others
Segmentation based on End-User Industry
Automotive
Textile
Paints & Coatings
Petrochemical
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Meta Title: Hexamethylenediamine Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Hexamethylenediamine Market is projected to reach US$ 10.03 billion by end of 2030 from US$ 5.90 billion in 2021, at a CAGR of 5.8%
Meta Keywords: hexamethylenediamine market Size, hexamethylenediamine market share, hexamethylenediamine market trend, hexamethylenediamine market Forecast, hexamethylenediamine market insight