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. Moreover, it is majorly used as chemical intermediate monomer in the manufacturing of polymers such as nylon 6,6.
Some of the key market factors that positively influence the HMDA market growth are, increasing demand from petrochemical industry, increasing production of HMDA based lubricant, and growing urbanization. Moreover, increasing automotive production and sales combined with continuous growth of automotive sector is estimated to propel the demand for hexamethylenediamine market. Furthermore, rising investment in residential as well as commercial sector is set to propel the growth of hexamethylenediamine market.
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Huge investment in the ongoing R&D projects coupled with increasing usage of bio-based HMDA is estimated to positively influence HMDA demand. In the past few years, rising use of HMDA for the manufacturing of nylon 6-6 resins has increased significantly, which in turn is expected to further propel the market growth. However, HMDA is a highly corrosive substance and hence stringent regulations regarding the manufacturing, packing and transport of this chemicals is predicted to hamper the growth of the market.
Top 10 Global key Players & Their Revenue Generation Strategy
Some of the prominent 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.
Hexamethylenediamine Industry Segmentation Analysis
The Global Hexamethylenediamine Market is segmented based on application, end use industry, and region. Based on application, the market is categorized as nylon synthesis, lubricants, water treatment chemicals, coating, and others. Since end use, the market is segmented into petrochemical, textile, paints & coatings, automotive, others. Based on region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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.
Major Points from TOC
11 Company Profiles
11.1 BASF SE
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Asahi Kasei Corporation
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
To be continue
Hexamethylenediamine Market Regional Analysis
North America is predicted to be the largest hexamethylenediamine market followed by Europe and Asia Pacific on account of strong existence of many major market players. European market is expected to register significant growth owing to the presence of major automotive manufacturers in Spain, and Germany.
Asia Pacific HMDA market is predicted to register tremendous growth on account of continuous expansion of automotive and textile sector specifically in India, China, South Korea, and Malaysia. Latin American countries is estimated to witness above average growth on account of increasing purchasing power of consumer along with rise in automotive production. The Middle East & Africa is predicted to witness strong growth on account of increasing foreign investments and strong demand from desalination plants in this region.
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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.
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