Global Hexamethylenediamine Market To Grow At A CAGR Of 6.1% By 2030

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.

The abbreviation HMDA refers to hexamethylenediamine, an organic molecule with the formula H2N (CH2)6NH2. It is a solid that is colorless and smells strongly like amine. Hexamethylene hydrocarbon chain with an amine functional group that makes up HMDA. It can be utilized as a curing agent, corrosion inhibitor, and chemical intermediate. Adiponitrile is used to make hexamethylenediamine, which has a variety of uses in the chemical industry. In the synthesis of polymers like nylon 6-6, hexamethylenediamine is utilized as an intermediate monomer in the chemical process. In addition, it is used to create coatings, curing agents, petrochemical industry additives, inks, and scale and corrosion inhibitors for water treatment chemicals. Hexamethylenediamine is additionally combined with dicarboxylic acids to create various nylons such as nylon 69, nylon 610, and nylon 612, among others. Epoxy resins can also be hardened using it. The requirement for bio-based hexamethylenediamine required to make nylon 66 has grown significantly in recent years. Therefore, has a wide range of applications in several end uses, including water treatment, textiles, and automobiles. It is further employed in the production of resins for paints and adhesives. The green revolution has led to a rise in the demand for bio-based HMDA over time for the manufacturing of nylon 66.

This review is based on a report by Zion Market Research, titled "Hexamethylenediamine Market By Application (Nylon Synthesis, Curing Agents, Lubricants, Biocides, Intermediate For Coatings, Adhesives, Water Treatment Chemicals, And Others), By End-Use Industry (Automotive, Textile, Paint & Coatings, Petrochemicals, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/hexamethylenediamine-market

The primary factor driving the market growth rate for hexamethylenediamine is the rising demand for and consumption of nylon goods as a catalyst. Another element driving development in the hexamethylenediamine market value is the expansion and growth of the auto sector and other end-user verticals. Increased nylon use in vehicle manufacturing will open up more profitable growth prospects for the industry. The oil and gas industry's increasing need for cyclohexane will further fuel the market's expansion. The market for cyclohexane will expand at a direct and favorable pace as a result of rising industrialization and cheap cyclohexane manufacturing costs. Hexamethylenediamine demand will continue to increase as demand for bio-based nylon resins rises. However, the hexamethylenediamine industry will face significant obstacles to expansion from increased environmental safety and conservation concerns as well as volatility in raw material costs. Developing and underdeveloped countries' lack of regulatory structures for hexamethylenediamine consumption may further limit the market's potential for expansion. Market substitutes like bio-based materials would further slow the rate of market expansion.

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.

Based on the end-use industry, the global hexamethylenediamine industry is divided into automotive, textile, paints & coatings, petrochemicals, and others. The textile segment is expected to dominate the market during the forecast period because more and more nylon fibers are being used in a variety of products, including textiles for clothes, industrial materials, and automobiles. Moreover, the tremendous strength and durability of nylon fibers in the textile sector is another significant benefit. Nylon fibers are excellent for industrial fabrics, automotive textiles, and clothing applications since they are extremely abrasion resistant and able to tolerate high stress levels. Thereby, driving the segment growth over the forecast period.

The Asia Pacific is expected to dominate the global hexamethylenediamine market over the forecast period. The region is experiencing rapid industrialization, with countries like China, India, and Southeast Asian nations witnessing significant economic growth. This industrialization drives the demand for hexamethylenediamine, as it is utilized in various industries such as textiles, automotive, packaging, and consumer goods. On the other hand, North America is expected to hold a significant market share during the forecast period owing to the increasing demand from various industries such as oil & gas, automotive, and others.

Recent Development:

• In January 2022, in France's Chalampé, BASF decided to construct a new hexamethylene diamine (HMD) factory. The new facility will let BASF produce 260,000 metric tons of HMD annually. In 2024, production is anticipated to begin. In addition, starting in 2022, BASF will double the amount of polyamide 6.6 produced in Freiburg, Germany.

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

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