The trends affecting hexamethylenediamine (HMDA) markets are experiencing noticeable shifts, which include growing demand for nylon production, technological developments in manufacturing techniques, and increasing emphasis on sustainability. Its use as a key building block for nylon 66 production and polyurethane resins makes it applicable in textiles, automotive, and adhesives, among many other industries. One major trend witnessed in this industry is an increased preference for sustainable or bio-based options besides conventional ones. Owing to its use as a precursor to nylon 66, among others, there has been more demand for nylon 66, especially from the automobile industry, with consumer goods following closely behind it due to high strength properties like durability against wear and tear under high temperatures used to make parts such as auto components, electric connectors among others.
Technological advancement is another important development taking place within the HMDA sector's manufacturing processes. Manufacturers continue to invest in research work aimed at making production activities related to HMDA safer for the surrounding environment while at the same time improving their cost effectiveness so that global warming can be reduced significantly. The general focus here regards technological innovations that will make HMDA a more competitive product in the market by ensuring a continuous supply of derivatives to these industries. Furthermore, the HMDA market is showing a shift on a geographical basis as well. Although North America and Europe have traditionally been major players, Asia-Pacific has also emerged as one of the significant contributors to the global HMDA industry. Demand for HMDA in different applications, such as textile or automobile components, is driven by strong industrial growth witnessed in this region, particularly in China and India. Asian production capacities, which are closer to consumers and complemented by an expanding consumer base, serve to increase their importance in relation to HMDA.
Additionally, the market is responding to an increased need for polyurethane resins produced using hexamethylenediamine (HMDA). Polyurethanes from diisocyanates combined with HMDA are utilized in adhesives, coatings, and foam making. As industries seek versatile and high-performance materials, they drive up demand for HMDA due to the increased use of polyurethane resins. This trend is seen mostly within packaging sectors, but it is also relevant for construction and furniture because, based on polyurethanes, varieties of products can be manufactured.
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
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.
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.
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).
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