India Hexamine Market - Forecast(2024 - 2030)

Report Code: CMR 1426 Report Format: PDF + Excel

India Hexamine Market Overview

India Hexamine Market size is forecast to reach $33.7 million by 2026, after growing at a CAGR of 6.5% during 2021-2026. India hexamine is one of the rapidly emerging markets. The industry has changed dramatically over a period of time, largely due to incessant growth and integration in pharmaceutical products. Also, over the past decade, advances in manufacturing rubber and tires have revolutionized the demand for hexamine in the automotive industry. Thus, during the forecast period, extensive growth of the automotive industry, particularly in India, is expected to drive the demand for hexamine. India Hexamine Market is driven by growing demand for hexamine in the plastic, pharmaceutical, paints and coatings, and adhesives industry. Also, increase in the demand for hexamine for the production of phenolic resins and its molding compounds as a hardener will contribute to the market growth. 

COVID-19 Impact

During the COVID-19 pandemic, plastics play an important role in manufacturing medical protection equipment and PPE kits. During this tough period, disposable plastic syringes, blood bags, gloves, and other medical devices with improved features and functionality proved their value. Thus, the plastic industry was not much affected during the COVID-19 pandemic. However, some minor issues were faced by the industry such as import-export restriction, cash flow, and disruption of global supply chain, lockdown, and more. Also, some delays, due to the COVID-19 pandemic and related contingencies, occurred in the production of automotive components in India, which directly limited the demand for hexamine in India.

Report Coverage

The report: “India Hexamine Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the India Hexamine Industry.

By Purity: >95% to <99% and ≥ 99%.
By Application: Explosives, Paints & Coatings, Adhesives and Sealing Compounds, Rubber, Plastics, Phenolic Resins, Pharmaceuticals, Agrochemicals, Leather and Textiles, Metal Industry, and Others.
By Packaging: Bags, Drums, and Others.
By Geography: North India, South India, East India, West India.

Key Takeaways

  • West India dominates the India Hexamine Market, owing to the increasing demand for hexamine in West India to manufacture automotive tires, agrochemicals, paints, coatings, adhesives, and more.
  • Hexamine is used to produce phenolic resins, adhesives, coatings, sealing compounds, rubber vulcanization accelerators, and lubricant and insulating oil stabilizers. It is also used in the production of cyclonie, an explosive, and as a urinary antiseptic. These extensive applications of hexamine are majorly driving its demand in India.
  • As per the Diabetes Atlas 2019 published by International Diabetes Federation, India is home to the second largest number (77 million) of adults with diabetes worldwide. Diabetes and other diseases that impair the immune system increase the risk of UTIs. And since hexamine is an antibiotic that is used to treat urinary tract infections, its market growth will be spurred with the increasing number of diabetic patients in India.
Figure: India Hexamine Market Revenue, By Application, 2020 (%)
India Hexamine Market
For More Details on This Report - Request for Sample

India Hexamine Market Segment Analysis – By Purity 

The ≥ 99% segment held the largest share in the India Hexamine Market in 2020 and is growing at a CAGR of 6.7% during 2021-2026. Hexamine with purity ≥ 99% is specified under the unstabilized grade that has a melting point of 270 °c. Unstabilized Hexamine with purity ≥ 99% is used in coatings, adhesives, and sealing compounds, in the preservation of hides, as corrosion inhibitor for steel, as cross-linking agent for vulcanizing rubber, and more. Also, the increasing use of hexamethylenetetramine in the synthesis of a formylation agent and as a precipitating agent is driving the market growth. It is also used to produce phenolic resins and molding compounds, which are used as binders in fire-resistant materials and clutch and brake linings. Thus, owing to such benefits the production and demand for hexamine with purity ≥ 99% is estimated to rise in the forecast period.

India Hexamine Market Segment Analysis – By Application 

The plastics segment held the largest share in the India Hexamine Market in 2020 and is growing at a CAGR of 7.8% during 2021-2026. Hexamine is used in the synthesis of plastics. According to the Plastindia foundation, the consumption of plastics such as thermoplastic and thermoset in India was 15,500 KT in 2016-17, which then increased and reached 18,450 KT in 2018-2019. Plastics are primarily used in the construction and packaging industries. With the rise in population, there has been an increase in the construction projects, attributing to the increased use of plastics. Also, there has been rapid increase in the use of plastics from the packaging industry, owing to the expanding food, beverages industries. As a result of the growing use of plastics in the construction and packaging industries, the hexamine market is expected to expand in the coming years.

India Hexamine Market Segment Analysis – By Packaging 

The bags segment held the largest share in the India Hexamine Market in 2020 and is growing at a CAGR of 7.4% during 2021-2026. The mostly used types of bags for solid hexamine packaging are polypropylene (PP) bags and high-density polyethylene (HDPE) bags. Polypropylene (PP) bags and high-density polyethylene (HDPE) bags can survive extreme environments and don't easily degrade in hot and cold temperatures, thus preserving the integrity of hexamine stored inside it. It also protects hexamine from moisture, oxygen, dust, light and odours. And further it's fairly long-lasting and efficient. Also, PP bags offers excellent resistance to stress and high resistant to cracking and are the cheapest and lightest packaging material available in the market. Thus, most retails and small-scale businesses uses bag packaging as their basic hexamine packaging medium. All these advantages associated with the usage of bags as a packaging is driving the demand of bags for hexamine packaging.

India Hexamine Market Segment Analysis – By Geography 

West India held the largest share in the India Hexamine Market in 2020 up to 55%. The agriculture, mining, and pharmaceutical industry is also flourishing in West Indian states and hexamine are also used in the agriculture, mining, and pharmaceutical industry to manufacture and deliver pesticides, fertilizers, explosives, and urinary tract infection medicines. Chhattisgarh is one of India's largest rice producers, and has perfect weather and soil for rice cultivation. Chhattisgarh produced a bumper crop of rice, wheat, pulses, and nutri cum-coarse cereals in accordance with the National Food Security Mission's (NFSM) target. The total amount of food grains produced in 2017-18 was 284.83 million tonnes, up 3.5 percent from the previous year (2016-2017). Madhya Pradesh is a major pharmaceuticals hub in the region, with major national and international pharmaceutical companies based. The state exports pharmaceutical goods to 217 nations. Government schemes like Smart Cities Mission, Housing for All, and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme are driving the construction sector in West Indian states. It is projected that these government initiatives and investments in the West Indian states will likely bolster the growth of agriculture and construction industry in the coming years. And since the construction agriculture, mining, and pharmaceutical industry is burgeoning in West Indian states, it is anticipated that there will be an escalating demand for hexamine in these states to manufacture paints, coatings, adhesives, sealants, rubber tires, and phenolic resins during the forecast period.

India Hexamine Market Drivers

Increasing Demand for Hexamine in the Plastic Packaging Industry

The plastic packaging industry is one of the major customers of hexamine, manufactured by companies in India. For the synthesis of plastics, hexamine chemical is widely used. Plastics are excellent water, oxygen, and carbon dioxide barriers. They are resistant to acids, alkalis, and other solvents, ensuring the freshness and hygiene of the contents as well as the long-term longevity of the items packed. Due to the advantages of dimensional stability and easy processing, the plastic packaging's are widely used in the food and beverage, pharmaceutical, and personal care product sectors, thus, which is leading the growth of the India Hexamine Market. Preservatives are gaining traction in the food and beverage industry in the current market scenario. Synthetic preservatives such as hexamethylenetetramine or hexamine help reduce the cost of the finished product and thus, fuel the demand for packaged foods in the market. Also, rapid increase in the use of plastics from the packaging industry, owing to the expanding pharmaceutical and personal care industries is estimated to drive the India Hexamine Market growth in the forecast period. According to the India Brand Equity Foundation, the Indian packaging industry is one of the fastest growing segments in the country. Packaging consumption in India has raised from 4.3 kg per person per annum (pppa) to 8.6 kg (pppa) with 200 percent in the last decade, as per the Indian Institute of Packaging (IIP). Plastics dominate the packaging materials market, accounting for 55% of the total. In addition, the Indian packaging industry is projected to rise at a 26.7 percent annual rate to US$ 204.81 billion by 2025, up from US$ 50.5 billion in 2019. Thus, with the rising growth of the plastic packaging industry in India, it is estimated that the demand for plastics will also increase, which would further drive the India Hexamine Market growth. Therefore, rising demand for hexamine due to its alluring properties from plastic packaging industry is projected to fuel the market for India hexamine during the forecast period.

India Hexamine Market Challenges 

Adverse Health Effects Caused by the Exposure of Hexamine

Hexamine, a white crystalline heterocyclic organic compound, is highly soluble in water and organic solvents. However, there are certain side effects of hexamine which is expected to limit the market growth. The emergence of acute health effects can occur immediately or shortly after exposure to hexamine, for instance, interaction can irritate the skin and eyes, potentially causing eye damage. Hexamine can cause diarrhoea, vomiting, nausea, and abdominal pain. Inhaling hexamine can also irritate the throat, nose, and lungs resulting in wheezing, coughing, and/or shortness of breath. Hexamine may cause a skin allergy. If an allergy develops, even minor future exposure can result in itching and a skin rash. Also, the exposure can cause asthma attacks with shortness of breath, wheezing, coughing, and/or chest tightness. Also, after exposure to hexamine chronic health effects can occur that can further last for months or years. Due to the above-mentioned factors, India Hexamine Market is anticipated to get struggled to achieve widespread adoption over the forecast period.

India Hexamine Market Landscape 

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the India Hexamine Market. Major players in the India Hexamine Market are Simalin Chemical Industries Pvt. Ltd., Kanoria Chemicals & Industries Limited (KCI), Newton Engineering & Chemicals Ltd., Kothari Phytochemicals Industries Ltd., SISCO Research Laboratory Pvt. Ltd., Finar Limited, Shreenathji Rasavan Pvt. Ltd., Shraddha Associates (GUJ) Pvt. Ltd., Wintime Chemicals & Minerals Private Limited, and Paragon Chemicals. 

Relevant Reports

Report Code: CMR 1425

Report Code: CMR 1042

Report Code: CMR 0819

For more Chemicals and Materials Market reports, please click here
1. India Hexamine Market- Market Overview
    1.1 Definitions and Scope 
2. India Hexamine Market - Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Application
    2.3 Key Trends by Packaging
    2.4 Key Trends by Geography
3. India Hexamine Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Major Companies’ Financials Analysis
    3.4 Pricing Analysis (ASPs will be provided)
4. India Hexamine Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. India Hexamine Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. India Hexamine Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. India Hexamine Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. India Hexamine Market – By Purity (Market Size - US$ ‘000/Tons)
    8.1 >95% to <99%
    8.2 ≥ 99%
9. India Hexamine Market – By Application (Market Size - US$ ‘000/Tons)
    9.1 Explosives
    9.2 Paints & Coatings
    9.3 Adhesives and Sealing Compounds
    9.4 Rubber
    9.5 Plastics
    9.6 Phenolic Resins
    9.7 Pharmaceuticals
    9.8 Agrochemicals
    9.9 Leather and Textile
    9.10 Metal Industry
    9.11 Others
10. India Hexamine Market – By Packaging (Market Size - US$ ‘000/Tons)
    10.1 Bags
    10.2 Drums
    10.3 Others
11. India Hexamine Market – By Geography (Market Size - US$ ‘000/Tons)
    11.1 North India
    11.2 South India
    11.3 East India
    11.4 West India
12. India Hexamine Market – Market Share Analysis Premium
    12.1 Market Share at Country Level - Major companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Application - Major companies
    12.4 Market Share by Key Product Type/Product category - Major companies
13. India Hexamine Market – Key Company List Premium
14. India Hexamine Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Simalin Chemical Industries Pvt Ltd.
    14.2 Kanoria Chemicals & Industries Limited (KCL)
    14.3 Newton Engineer & Chemicals Ltd.
    14.4 Kothari Phytochemicals & Industries Ltd.
    14.5 Sisco Research Laboratory Pvt. Ltd.
    14.6 Finar Limited
    14.7 Shreenathji Rasayan Pvt. Ltd. (SRPL)
    14.8 Shraddha Associates (GUJ) Pvt. Ltd.
    14.9 Wintime Chemicals & Minerals Private Limited
    14.10 Paragon Chemicals
"*Financials would be provided on a best efforts basis for private companies"