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The market dynamics of hexamethylenediamine (HMDA) are driven by a combination of factors that collectively shape the demand and growth within this important chemical sector. The increased usage of HMDA in manufacturing nylon 6/6, which is a widely used polymer in various industries such as textiles, automotive, and engineering plastics, serves as the main driving factor. Technological advancements play a pivotal role in shaping the evolving dynamics of the HMDA market. Continuous research and development efforts focus on improving the production processes and properties of HMDA, such as purity and yield. Innovations in catalyst technologies and reaction engineering contribute to the development of advanced manufacturing processes, ensuring the efficiency and sustainability of HMDA production. This ongoing innovation ensures that HMDA remains a competitive and reliable component in the synthesis of nylon 6/6, meeting the evolving needs of different industries.
The textile industry is significantly influenced by hexamethylenediamine (HMDA). As a key ingredient in the production of nylon fibers, HMDA contributes to the strength, durability, and versatility of textiles. The strong demand for high-performance textile applications like sportswear, automotive interiors, or industrial fabrics has been contributing to continuous growth in this field. Environmental considerations are gaining prominence in shaping the market dynamics of HMDA. Given the increased emphasis on sustainability, green chemistry developments have focused on renewable sources to make HMDA more attractive. Manufacturers are exploring bio-based HMDAs derived from bio feedstocks as a more environmentally friendly alternative. There has been an increasing shift towards sustainable practices that mimic what consumers want about carbon footprint reduction within this sector while addressing both environmentally conscious consumers' tastes as well as those of eco-friendly industries.
The dynamics of the HMDA market are a critical aspect of regulatory compliance. Stringent regulations on chemical safety, emissions and product standards influence the production, distribution, and application of HMDA. The economic landscape also influences the dynamics of the HMDA market. The growth of this market is affected by economic factors such as industrialization, consumer spending, and demand for nylon-based products. Key market players compete in the HMDA market, which is one of its defining features. To strengthen their position in the market and have an advantage over others through competition, firms employ strategies like expansion of capacity, mergers, or acquisitions. For enduring success in this highly competitive marketplace, there must be the availability of superior quality HMDA that meets specific needs within industries while concentrating on innovation and customer satisfaction.
Hexamethylenediamine Market Highlights:
Hexamethylenediamine Market Overview
The Hexamethylenediamine Market Size was valued at USD 5.98 Billion during the historic forecast period and is expected to grow at a 5.30% CAGR during the forecast period. Hexamethylenediamine, or HMDA, is a white crystalline solid with a distinctive amine odor. HMDA is made up of a hexamethylene hydrocarbon chain with an amine functional group at the end. It can be utilized as a curing agent, corrosion inhibitor, and chemical intermediate. As a result, it has a wide range of uses in a variety of end-use sectors, including water treatment, textiles, and automobiles.
It is also employed in the production of resins that can be used in adhesives and paints. It is a white substance that smells like piperidine and has a strong amine odor. It is made from adiponitrile and has a variety of uses in the chemical industry. Almost all of the hexamethylenediamine produced goes into the production of nylon 66. Non-nylon applications for hexamethylenediamine include high-performance polyurethane paints, petrochemical additives, coatings, and epoxy curing agents. It's also utilized in water treatment plants as a corrosion and scale inhibitor. Hexamethylenediamine is utilized in the manufacturing of nylon 66, as well as nylon 612, nylon 69, and nylon 610. Soon the market will see huge rise in profits.
Global Hexamethylenediamine Market Share, by Region 2018 (%) 
Source: MRFR Analysis
Regional Analysis
The Global Hexamethylenediamine Market has been analyzed for five major regions, namely, North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominates the global hexamethylenediamine market and is projected to register the highest CAGR during the forecast period owing to the rapid industrialization in the region. The increased use of hexamethylenediamine as a precursor to producing nylon 6, 6 in end-use industries, such as automotive and textile, is expected to drive the regional market demand. China is the largest consumer in the region on account of rising exports of nylon from the country. For instance, in 2018, the total nylon exports from China were valued at ~USD 137.70 million. Thus, making it among the top three global nylon exporters. Furthermore, India and other South-East Asian countries are propelling the regional market growth on account of the increasing use of the product in the water treatment industry. These factors create numerous opportunities for the players operating in the hexamethylenediamine market in the region.
The market in North America accounted for a substantial market share in 2018. The growing demand for hexamethylenediamine as a raw material in the paints and coating industry and the increasing constructional activities in the region are driving the growth of the regional market. In addition, the rising advancements in the US, coupled with emerging multifunctional applications such as in 3D printing and functional coatings, are further driving the regional market growth.
The market in Europe is expected to showcase significant growth during the forecast period. This can be attributed to the increasing use of hexamethylenediamine to manufacture automotive components and produce lubricants. Germany is the leading country in the region, followed by France and the UK, owing to the presence of major key players such as BASF SE, LANXESS, Merck KGaA, and Evonik Industries AG.
The markets in Latin America and the Middle East & Africa are expected to show healthy growth during the forecast period owing to the growing paints and coatings industry. The increasing use of HMDA in the petrochemical industry is further fueling regional market growth.
Hexamethylenediamine Market Segmentation
Market Research Future segments the global hexamethylenediamine market into application, end-use industry, and region.
Based on application, the global market is classified into nylon synthesis, lubricants, coating, adhesives, and others
Based on end-use industry, the market has been segmented into textile, paints & coatings, automotive, water treatment, petrochemical, and others
By region, the market has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Players
INVISTA (US), BASF SE (Germany), Asahi Kasei Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Merck KGaA (Germany), Evonik Industries AG (Germany), Solvay (Belgium), Ascend Performance Materials (US), DuPont (US), and LANXESS (Germany).
Recent Development
- In February 2020, Invista, a US-based fiber, resin, and intermediates firm, reported that its USD 1.2 billion adiponitriles (ADN) project in China is still on track, despite the coronavirus outbreak that is causing disruption and raising the possibility of an economic slowdown. In January, officials granted environmental and safety licenses to the 400,000t/yr ADN factory in Shanghai's chemical park.
- The total value of China's nylon exports in 2018 was USD 137.70 million. As a result, it is now one of the top three global nylon exporters.
Intended Audience
- Traders and distributors of hexamethylenediamine
- Potential investors
- Raw material suppliers
- Hexamethylenediamine manufacturers
- Distributors
- Industry associations
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