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Hexamethylenediamine Market Analysis Based on Growth, New Trends, Current Industry Demand Forecast

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Hexamethylenediamine Market: Overview

Hexamethylenediamine or HMDA is classified as a colorless solid and unpleasant odor with chemical formula H2N (CH2)6NH2. The organic compound is a diamine which consist of hexamethylene hydrocarbon chain terminated with amine functional group. It is manufactured by the hydrogenation of adiponitrile and is used in extensive range of application such as nylon synthesis, coating intermediates, water treatment chemicals, lubricants, and others.

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Furthermore, rising construction activities in developed and developing nation has increased the paints & coatings consumption, which is likely to propel the demand for HMDA over the estimated period. Rising R&D activities focused on the development of better substitute to replace the use of HMDA is expected to hamper the growth of the market.

Increasing demand for lightweight passenger vehicles and heavy-duty commercial vehicles have boosted the automotive production across the globe, which in turn, is predicted to raise the HMDA based lubricants and polyamide parts during the review period.

Moreover, it is majorly used as chemical intermediate monomer in the manufacturing of polymers such as nylon 6,6. Additionally, it is used as a curing agent additive in petrochemical sector and as a corrosion inhibitor in water treatment chemicals. It finds wide application scope in numerous end use industries such as paints & coatings, automotive, textile, and petrochemicals.

Competitive analysis

The major players operating in the hexamethylenediamine market are BASF SE (Germany), Asahi Kasei Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Merck KGaA (Germany), Evonik Industries AG (Germany), Solvay SA (Belgium), INVISTA (U.S.), Ascend Performance Materials (U.S.), DuPont (U.S.), LANXESS (Germany) among others.

Market Segmentation:

Globally, Hexamethylenediamine Market is spanned on the basis of application, end use, and region. Based on application, the market is segmented as nylon synthesis, lubricants, water treatment chemicals, coating, and others. Among these, nylon synthesis segment holds the largest market share on account of wide utilization of nylon 6,6 from various end use industries such as textile and automotive.

Nylon 6,6 is used in the manufacturing of automotive components such as rocket covers, oil pans, airbags, radiator end tanks, and air intake manifolds. Moreover, increasing demand for fuel efficient vehicles is predicted to give a new momentum for the use of lubricants.

Based on end use, the market is classified as petrochemical, textile, paints & coatings, automotive, and others. Among them, automotive segment holds the largest market share due to increasing automotive production and sales across the globe. Water treatment chemical segment is estimated to register healthy growth on account of strong demand for fresh water from household and process industries.

Regional Analysis

Geographically, Hexamethylenediamine Market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, North America region emerged as the leading HMDA market in 2016 and is expected to grow with the healthy CAGR during the assessment period, (2016 to 2023) due to expansion of numerous end use industries such as textile and petrochemical among others.

In North America, countries such as the U.S. and Canada are among the major contributors in the regional market growth and are predicted to see a significant regional market growth on account of strong growth in textile sector.

European countries such as Italy, France, Russia, Spain, Germany, and the U.K have emerged as the regional consumer markets on account of developed end use industries and rising consumer spending on textile and automotive. Furthermore, presence of key automotive manufacturers specifically in Germany and Italy are expected to drive the market growth.

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Geographical Analysis:

The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

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