Hexamethylenediamine Market Trends, Size, Industry Segments And...

Hexamethylenediamine Market Trends, Size, Industry Segments And Profit Growth By Forecast - 2027

Posted 2023-03-17 09:17:13

The Hexamethylenediamine Market Research Report 2022-2027 provides an in-depth overview and insights into the market size, share, CAGR, revenues, various segments, drivers with restraints and Top Key Players data with expert reviews. The global hexamethylenediamine market size is projected to grow from USD 8.9 billion in 2022 to USD 11.6 billion by 2027, at a CAGR of 5.4% from 2022 to 2027.

The organic compound with the formula H2N(CH2)6NH2 is known as hexamethylenediamine. A diamine is a molecule composed of a hexamethylene hydrocarbon chain terminated with amine functional groups. The amine odour is strong in the colourless solid (yellowish in some commercial samples). Hexamethylenediamine is almost entirely used in the production of polymers, which takes advantage of its structure. It is difunctional in terms of amine groups but tetrafunctional in terms of amine hydrogens. The production of nylon 66 via condensation with adipic acid consumes the vast majority of the diamine. Otherwise, phosgenation produces hexamethylene diisocyanate (HDI) from this diamine as a monomer feedstock in the production of polyurethane. In epoxy resins, the diamine also acts as a cross-linking agent.

DRIVERS: Use of hexamethylenediamine in the manufacturing of nylon 6-6

RESTRAINT: Increasing research & development to find a better

OPPORTUNITIES: Rise in demand for bio-based hexamethylenediamine products

CHALLENGES: Environmental issues

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Hexamethylenediamine Market Key Players

BASF SE (Germany),
Merck KGaA (Germany),
TORAY INDUSTRIES, INC. (Japan),
Evonik (Germany)
DuPont de Nemours, Inc.(US)

BASF SE has 11 divisions and operates under business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The major end-use markets for the company’s products and services are automotive & transportation, chemicals, electrical & electronics, construction, energy & resources, pharmaceuticals, papers coating & carpet, and packaging & prints, among others.

Merck KGaA is a technology and science company operating in the healthcare, life science, and performance materials business. The company operates in three business segments– healthcare, life sciences, and electronics.

Hexamethylenediamine Market Segmentation

By Application:

Nylon Synthesis
Curing Agents
Lubricants
Biocides
Intermediate for Coatings
Adhesives
Water Treatment Chemicals
Others

By End-Use Industry:

Automotive
Textile
Paint & Coatings
Petrochemicals
Others

Automotive segment is estimated to be the fastest-growing market

Automotive is the biggest end-use industry segment for hexamethylenediamine. Hexamethylenediamine is majorly used in the synthesis of nylon 6-6, widely used in the automotive end-use industry for making various products and components such as connectors & housing, under-the-hood components, wheel well, and lighting components, including headlamp structural housings, headlamp & fog lamp, and reflectors & lighting sockets.

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
South America

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North America is the largest and fastest market for hexamethylenediamine

North America is expected to hold the largest share of the global hexamethylenediamine market in 2021. The United States and Mexico dominate the regional hexamethylenediamine market. The North American hexamethylenediamine market is expanding as a result of the regions expanding automotive industry. During the forecast period, the Asia-Pacific hexamethylenediamine market is expected to grow at the fastest CAGR.

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