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The market for hexamethylenediamine (HMDA) is influenced by various factors that together shape the dynamics of the market for it. The main driver is the rising demand for HMDA in the production of nylon 66, which is one of the most widely used engineering polymers. By 2027, the Hexamethylenediamine Market is projected to be worth USD 9.85 Billion at a CAGR of 8.5% throughout the forecast period (2022 - 2027). It can be observed that the automotive industry significantly impacts the HMDA market as nylon 66 finds great application in making different automobile parts. In addition, this product contributes to the manufacture of nylon 66 resins, which are later deployed in engine components, fuel systems, and airbags, among other applications. Therefore, with reference to lightweight and high-performance materials that enhance fuel efficiency and safety, HMDA demand will rise.
Textiles represent another major application sector for HMDA, especially in making high-performance fibers and fabrics. This makes this plastic material an excellent choice in terms of durability, resistance to abrasion, and versatility when used in textile industries. Global economic trends have an immense influence on the HMDA market. This increases industrialization and economic development needs, leading to increased demands for nylon-66 and, hence, increasing requirements for HMAs because it is a precursor chemical substance that comprises nylon-66 production worldwide. Moreover, growing manufacturing activities and infrastructure developments in emerging economies of Asia-Pacific have brought about a huge need for nylon-66, thereby causing an upswing in HMA business growth rates, too. Further, mature markets such as North America also play significant roles in fuelling demand patterns, for example, through innovation around high-performance materials by industries within those regions.
More focus has been directed towards environmental matters by the HMDA market in recent years due to increased pressure for sustainability. As a result, there is an increasing need for bio-based or eco-friendly alternatives to traditional chemical feedstocks as industries have been looking to reduce their carbon footprints. The development of new technologies in the manufacturing of HMDA has continued to shape the market. There are ongoing improvements in the efficiency of HMDA synthesis regarding its environmental impact and cost-effectiveness. For example, recent advances in catalyst technology and reaction engineering allow manufacturers to increase the yield and purity of HMDA, thus making this process more sustainable and economically viable. To gain market share within the industry, major players in this sector engage in product innovations, quality assurance, and strategic alliances.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â Â 5.30% |
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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