Global Hexamethylenediamine Market Size By Application, By End-Use Industry, By Production Process, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Hexamethylenediamine Market Size By Application, By End-Use Industry, By Production Process, By Geographic Scope And Forecast
Hexamethylenediamine Market Size And Forecast
Hexamethylenediamine Market size was valued at USD 1.5 Billion in 2023 and is projected to reach USD 1.8 Million by 2030, growing at a CAGR of 4.1 % during the forecast period 2024-2030.
Global Hexamethylenediamine Market Drivers
The market drivers for the Hexamethylenediamine Market can be influenced by various factors. These may include
Demand from the Textile Industry Another important driver is the textile industry’s use of nylon 6,6, which is generated from HMDA, to produce high-strength and elastic fibres. This is especially important when producing outdoor gear and sportswear.
Growth in the Electrical and Electronics Sector The demand for HMDA is driven by nylon 6,6, which is used in the fabrication of components including insulators, connectors, and housings in the electrical and electronics sector.
Increasing Use in Industrial Applications The qualities of HMDA are employed to improve product performance in a variety of industrial applications, such as coatings, adhesives, and sealants.
Growing Need for High-Performance Plastics The HMDA market is expanding as a result of the growing need for high-performance plastics across a number of industries, including electronics, aerospace, and defence.
Developments in Polymer Technology New applications and enhanced materials may raise the need for HMDA as a result of advances in polymer sciences.
Growing Construction Activities One major market driver is the increasing usage of nylon 6,6 in construction materials, especially in applications related to residential and commercial buildings.
Global Economic expansion Various businesses that use HMDA can benefit from this expansion, which will drive the market for the technology. This is especially true in emerging economies.
Developments in the Supply Chain Supply chain and distribution network upgrades can lower costs and increase availability of HMDA, which will benefit the industry.
Environmental Regulations Tighter environmental laws in some areas may increase demand for high-performance, environmentally friendly materials like nylon 6, which may have an indirect impact on the HMDA industry.
R&D expenditures Ongoing material science research and development, which produces creative applications for HMDA and related chemicals, contributes to the expansion of the market.
Global Hexamethylenediamine Market Restraints
Several factors can act as restraints or challenges for the Hexamethylenediamine Market. These may include
Prices of Volatile Raw Materials The synthesis of HMDA depends on raw materials that come from petrochemical operations. Price swings for crude oil have the potential to cause volatility in HMDA pricing, which would hinder market expansion.
Environmental Issues and Regulations The synthesis and usage of HMDA, a chemical intermediate, give rise to environmental issues. Growth in the market may be hampered by tight environmental laws governing the manufacture, processing, and disposal of HMDA and its derivatives.
Health and Safety Concerns Because HMDA is a skin and respiratory irritant and may be carcinogenic, exposure to it can have negative effects on one’s health. Manufacturers may see an increase in operational expenses and complexity due to the requirement for strict handling and safety measures.
Competition from Alternative Materials In some applications, alternative materials such as nylon 6, polyester, and other polymers that can provide cost or performance advantages, could pose a threat to HMDA and its derivatives, especially nylon 6.
Supply Chain interruptions Trade disputes, logistical difficulties, and geopolitical concerns are some of the factors that might cause supply chain interruptions, which can affect the HMDA industry. These interruptions may affect HMDA’s price and availability.
Technological and Product Substitution New materials that could replace HMDA or its derivatives in a variety of applications could be developed as a result of advancements in materials science, which could lower the demand for HMDA.
Economic Recessions A decline in the market for HMDA may result from economic recessions or downturns in important industries such as building, textiles, and automobiles.
Capacity Expansion and Oversupply If HMDA production capacity is overinvested in, there may be an excess supply on the market, which will drive down prices and hurt producers’ profits.
Global and Regional Economic Variability The demand for HMDA can differ globally depending on the economic climate and rate of industrial growth in each location.
Consumer Preferences and Market Trends The demand for nylon 6,6 and HMDA can be affected by changes in consumer preferences, such as a shift in the textile and automobile industries towards more sustainable materials.
Regulatory Shifts The dynamics of the HMDA market may also be impacted by modifications to import-export laws, trade policies, and tariffs in important markets.
Global Hexamethylenediamine Market Segmentation Analysis
The Global Hexamethylenediamine Market is Segmented on the basis of Application, End-Use Industry, Production Process, And Geography.
Hexamethylenediamine Market, By Application
Nylon 6,6 Production The largest application of HMDA, used for producing nylon 6,6 fibers and resins, which are then used in textiles, automotive components, industrial applications, and consumer goods.
Polyurethanes Used in the production of polyurethane resins, which find applications in foam products, elastomers, and coatings.
Epoxy Curing Agents HMDA is used as a curing agent in epoxy resins, widely used in coatings, adhesives, and high-performance composite materials.
Other ApplicationsIncluding water treatment chemicals, coatings, adhesives, and other niche applications.
 Hexamethylenediamine Market, By End-Use Industry
Automotive For manufacturing various components using nylon 6,6.
Textile In the production of nylon 6,6 fibers for clothing, sportswear, and other textile products.
Electrical and Electronics For producing components that require high strength and thermal resistance.
Construction Use in various construction materials and applications.
Others Including industries such as aerospace, consumer goods, and medical devices.
 Hexamethylenediamine Market, By Production Process
Adiponitrile Hydrogenation The most common process, involving the hydrogenation of adiponitrile.
Other Processes Including any alternative methods of HMDA production.
Hexamethylenediamine Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Key Players
The major players in the Hexamethylenediamine Market can be categorized into two main groups
BASF SE (Germany)
Merck KGaA (Germany)
TORAY INDUSTRIES, INC. (Japan)
Evonik Industries AG (Germany)
INVISTA Inc. (United States)
Asahi Kasei Corporation (Japan)
Shandong Jinling Chemical Co., Ltd. (China)
Dallol Industries Ltd. (India)
Kumho Mitsui Chemical Co., Ltd. (South Korea)
Jiangsu Yangnong Chemical Co., Ltd. (China)
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
BASF SE (Germany), Merck KGaA (Germany), TORAY INDUSTRIES, INC. (Japan),Evonik Industries AG (Germany),INVISTA, Inc. (United States),Shandong Jinling Chemical Co., Ltd. (China),Dallol Industries Ltd. (India), Kumho Mitsui Chemical Co., Ltd. (South Korea),Jiangsu Yangnong Chemical Co., Ltd. (China).
SEGMENTS COVERED
By Application, By End-Use Industry, By Production Process, And By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Top Trending Reports
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any  please connect with our sales team, who will ensure that your requirements are met.
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
