Hexamethylenediamine (HMDA) is a crucial material used for manufacturing nylon 66. As per a report released by American Chemistry Society (ACS), Nylon 66's market value was a noticeable $3 billion in 2018 and is evaluated to double by 2026.[1] Owing to the fact that nylon demand will accelerate growth prospects of HMDA, the hexamethylenediamine market size is evaluated at $5,545 million in 2018 and opportunities are estimated to swell at compound annual growth rate (CAGR) of 4.86% during the forecast period of 2019-2025, according to a business intelligence report published by IndustryARC.

The report by IndustryARC is titled “Hexamethylenediamine Market- by Application (Nylon Synthesis, Curing Agents, Lubricants, Biocides, Coatings Intermediate, Adhesives, and Water Treatment Chemical), By End-User (Automotive, Textile, Paints & Coatings, and Petrochemicals) and Forecast (2019-2025).” The growing focus of companies towards bio-based production technology for manufacturing hexamethylenediamine and nylon 66 is spurring the HMDA market. This report contains imperative information related to hexamethylenediamine market opportunities and forces that will define the market in the upcoming years. 

Global Hexamethylenediamine Market: Leading Segments

According to the analyst, APAC was the leading region to have gained maximum demand share of 47% in 2018. High demand for nylon and mounting automotive and textile industry are collectively enhancing the market value in this region. Several emerging economies in the APAC region including China, India, Taiwan, and South Korea are the major consumers of hexamethylenediamine.

Hexamethylenediamine market has found its leading application in the automotive industry. The increasing popularity of lightweight vehicles to reduce fuel efficiency and lower emissions are booming the production rate of vehicles worldwide. The production growth will also enhance the demand for HMDA lubricants and nylon vehicles tire in the market. The automotive sector in the hexamethylenediamine market is estimated to grow with a CAGR of 4.11% through to 2025.

Global Hexamethylenediamine Market: Growth Drivers and Trends

Hexamethylenediamine market has a wide range of end users who will help it in witnessing a high demand. Some of these end users are plastics, textiles, automotive, petrochemicals, and paints and coatings industries. Hexamethylenediamine is used in paint and coatings industries as a curing agent and coating intermediate. The budding demand for paints and coatings industry will drive the HMDA market. Growing usage of HMDA in water treatment process will also add to the revenue earned by this market in the forecast period. The rising use of hexamethylenediamine in the petrochemical industry to manufacture polyamides will enhance the market value. Polyamides are used in 3D printing and the emerging trend of 3D printing will influence the HMDA market. One of the leading player Asahi Kasei, on January 2018, decided to expand the capacity for Leona nylon 66 filament. The increasing demand for airbag in the automotive sector attributed with the high rate of installations will add significant revenue in the hexamethylenediamine market. 

Global Hexamethylenediamine Market: Competitive Landscape

Some of the key market players operating in the hexamethylenediamine market and are noticeably ahead of the curve are Oray Industries, Inc., BASF SE, Solvay Group, Asahi Kasei Corporation, Ashland Global Holdings Inc, DowDupont Inc., Evonik AG, East Chemical Company, Rennovia, Invista, and Genomatica.

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Related Reports:

A.    Butadiene Market


B.     Nylon Resins Market


C.    3D Printing Materials Market


What can you expect from the report?

The hexamethylenediamine market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape  Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

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[1] https://www.acs.org/content/acs/en/molecule-of-the-week/archive/h/hexamethylenediamine.html