Hexamethylenediamine Market Size, Share, Growth, Forecast 2030

Hexamethylenediamine Industry Prospective:

The global hexamethylenediamine market size was worth around USD 7.5 billion in 2022 and is predicted to grow to around USD 12.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.1% between 2023 and 2030.

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The report analyzes the global hexamethylenediamine market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hexamethylenediamine industry.            

Hexamethylenediamine Market: Overview

Hexamethylenediamine is an organic compound with the chemical formula C6H16N2. It is also known as HMDA or 1,6-diaminohexane. Hexamethylenediamine is a diamine, meaning it contains two amino groups (-NH2) attached to a six-carbon chain. It is a colorless liquid with a strong amine odor.

Hexamethylenediamine is primarily used as a building block in the production of various polymers, particularly nylon-6,6. It is a key monomer in the synthesis of this type of nylon, which finds applications in textiles, engineering plastics, and other industrial products. In the nylon-6,6 polymerization process, hexamethylenediamine reacts with adipic acid to form the repeating units of the polymer chain.

Apart from its role in nylon production, hexamethylenediamine is also used as a curing agent for epoxy resins, a corrosion inhibitor, a crosslinking agent in certain coatings, and a chemical intermediate in the synthesis of pharmaceuticals and other organic compounds. The hexamethylenediamine market is driven by the demand for nylon-6,6 and its applications in various industries. Factors such as industrial growth, regional dynamics, and environmental considerations shape the market landscape, while competitive strategies and technological advancements contribute to its growth and evolution.

Key Insights

• As per the analysis shared by our research analyst, the global hexamethylenediamine market is estimated to grow annually at a CAGR of around 6.1% over the forecast period (2023-2030).
• In terms of revenue, the global hexamethylenediamine market size was valued at around USD 7.5 billion in 2022 and is projected to reach USD 12.1 billion, by 2030.
• The increasing demand for hexamethylenediamine from various end-use industry including automotive, textiles, and others are expected to drive the growth of the hexamethylenediamine market during the forecast period.
• Based on the application, nylon synthesis is expected to dominate the market over the forecast period.
• Based on the end-use industry, the automotive segment is expected to hold a significant market share over the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market over the forecast period.

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Hexamethylenediamine Market: Growth Drivers

Increasing hexamethylenediamine demand for the production of lubricants drives the market growth

One of the key factors fueling the hexamethylenediamine market's expansion is the rising demand for hexamethylenediamine in the manufacture of lubricants. The hexamethylenediamine market has expanded as a result of rising demand for the automotive industry, chainsaw oil, engine oil, grease, and other lubricants. Equally important and steadily expanding year over year is the market for engine oils, which are primarily needed to lubricate internal combustion engines (ICEs) to guarantee that powertrains operate smoothly.

With the aftermarket included, the use of engine oil in developing nations like India exceeds 2.5 billion liters annually and is increasing by 2.0% to 2.5% annually. Grease formulations guard against moisture contamination, false brinelling at -55 degrees Fahrenheit, fretting corrosion, and other hazards. Thus, this is expected to drive market growth during the forecast period.

Hexamethylenediamine Market: Restraints

Availability of substitutes hinders the market growth

Although hexamethylenediamine is a key component in the production of nylon-6,6, there are alternative materials available in the market. Some of these alternatives, such as bio-based or recycled materials, are gaining attention due to their environmental benefits. The availability of such alternatives may pose a challenge to the growth of the hexamethylenediamine industry.

Hexamethylenediamine Market: Opportunities

Technological advancements and product innovations along with growing government support offer a significant opportunity

The hexamethylenediamine market has significantly benefited from technological development and product innovation. The advent of new manufacturing methods as a consequence of ongoing research and development has increased product quality while lowering production costs. For instance, improved yields and lower energy use have been made possible through the development of more effective catalysts and manufacturing techniques.

These developments have been made possible by publicly financed research initiatives like the materials science grants offered by the National Science Foundation. The hexamethylenediamine market has grown significantly as a result of government efforts and policies, which have been quite important. Governments in many areas have encouraged manufacturers to participate in the creation and development of HMDA by providing favorable legislation, subsidies, and tax incentives.

Government programs that support eco-friendly products and lower carbon footprints have also increased demand for hexamethylenediamine. For instance, the Green Deal of the European Union has encouraged the use of ecologically friendly products, such as HMDA, leading to increasing market demand.

Hexamethylenediamine Market: Challenges

Volatility in raw material price and environmental concerns poses a major challenge to the market growth

Hexamethylenediamine production relies on raw materials such as adiponitrile. Fluctuations in the prices of these raw materials can impact the overall production cost of hexamethylenediamine. Price volatility can affect the profitability of manufacturers and hinder the hexamethylenediamine industry growth. Additionally, hexamethylenediamine is a chemical compound, and its production and handling pose environmental and health risks if not managed properly. Stringent environmental regulations and concerns about worker safety may impose compliance costs on manufacturers, affecting production and supply. Therefore, volatility in raw material prices and environmental concerns poses a major challenge to the growth of the market over the forecast period.

Hexamethylenediamine Market: Segmentation

The global hexamethylenediamine industry is segmented based on application, end-use industry, and region.

Based on the application, the global market is bifurcated into nylon synthesis, curing agents, lubricants, biocides, intermediate for coatings, adhesives, water treatment chemicals, and others. Nylon synthesis is expected to dominate the market over the forecast period.

The primary application of hexamethylenediamine is in the production of nylon-6,6. Hexamethylenediamine reacts with adipic acid to form the repeating units of the nylon-6,6 polymer chain. Nylon-6,6 is widely used in the textile industry for the production of fibers, yarns, and fabrics. Hexamethylenediamine plays a critical role in the synthesis of nylon fibers used in various textile applications, including apparel, home furnishings, and industrial textiles. Moreover, Nylon-6,6 finds extensive use in the automotive industry due to its high strength, heat resistance, and durability.

It is used in various components such as engine covers, fuel lines, airbag fabrics, and other interior and exterior parts. The automotive sector represents a significant end-use segment for hexamethylenediamine. In addition, the need for nylon 66 is anticipated to rise along with the popularity of electric cars. Over the next several years, it's expected that the strict regulations and shifting pollution standards will further open up opportunities for electric vehicles.

Growing numbers of buyers choose to purchase electric vehicles with cutting-edge technologies rather than automobiles with engines that produce more pollution than they do. For instance, according to the IEA, sales of electric vehicles worldwide (excluding two- and three-wheelers) are projected to reach 125 million in 2030 under the New Policies Scenario. According to the EV30@30 Scenario, over 70% of Chinese vehicle sales in 2030 are anticipated to be EVs. Additionally, EVs account for 50% of vehicles sold in Europe, 37% in Japan, 30% in Canada and the US, and 29% in India. Thereby, driving the segment growth.

Based on the end-use industry, the global hexamethylenediamine industry is divided into automotive, textile, paint & coatings, petrochemicals, and others. The automotive segment is expected to hold a significant market share over the forecast period. Nylon is employed in automotive applications ranging from the structural and decorative components of the car to the electronic parts since it is less expensive to use than metals, allows for lighter components, and increases fuel efficiency while lowering pollutants. Research has shown that a 10% reduction in an automobile's weight may increase fuel economy by 6% to 8%. Thus, this is expected to drive the growth of the segment over the forecast period.

Hexamethylenediamine Market: Report Scope

Hexamethylenediamine Market: Regional Analysis

The Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to dominate the global hexamethylenediamine market during the forecast period. The growth in the region is owing to the growing automotive industry as hexamethylenediamine is a key component in the production of nylon-6,6, which finds extensive use in the automotive sector. Nylon-6,6 offers desirable properties such as high strength, heat resistance, and durability, making it suitable for various automotive applications. For instance, to minimize emissions and expand e-mobility as a consequence of rising urbanization, the Indian government has launched several efforts to support the production and acceptance of electric cars in India. Initial interest in and exposure to electric mobility was aided by the National Electric Mobility Mission Plan (NEMMP) and Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME I and II).

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As of June 2021, 6,265 electric buses and 87,659 electric cars worth USD 117 million had been approved for different state and local transportation enterprises under phase two of the FAME plan. Furthermore, the collaboration among the key market players is expected to offer a lucrative opportunity for market growth in the region. For instance, in January 2020, leading industry participant BASF SE announced the successful completion of the purchase of Solvay SA's Nylon 66 division. The purchase aims to meet customer needs related to the usage of engineering thermoplastic in e-mobility and autonomous driving while also enhancing BASF's capabilities in products like Technyl®. Thus, the aforementioned facts support the market growth in the region.

Hexamethylenediamine Market: Competitive Analysis

The global hexamethylenediamine market is dominated by players like:

• Ashland Global Holdings Inc.
• Junsei Chemical Co. Ltd.
• Lanxess AG
• Alfa Aesar
• Ascend Performance Materials LLC
• Asahi Kasei Corporation
• BASF SE
• Compass Chemical International LLC
• Chengdu Dacheng Chemical Co. Ltd.
• DuPont de Nemours Inc.
• Evonik Industries AG
• Dow Inc.
• Merck KgaA
• INVISTA
• Daejungche Chemicals & Metals Co. Ltd.
• Meryer (Shanghai) Chemical Technology Co. Ltd.
• Radici Partecipazioni SpA
• Shenma Industrial Co. Ltd.
• Genomatica Inc.
• Rennovia Inc.
• Others

The global hexamethylenediamine market is segmented as follows:

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa