Global Hexamethylenediamine Market is Estimated to Grow At a Forecast period of 2017 Up To 2024
Global
Hexamethylenediamine Market, By Application (Nylon Synthesis, Curing
Agents, Water treatment chemicals, Chemical synthesis, Medical applications,
Adhesives, Others); End User (automotive, textile, paints and coatings,
petrochemical, others) By Geography (North America, Europe, Asia-Pacific,
Europe, South America, Middle East and Africa) – Industry Trends and
Forecast to 2024
The global
hexamethylenediamine market accounted for USD 4.86 billion in 2016 and is
projected to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic years 2014, 2015, the
base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Hexamethylenediamine
is an organic compound having formula of H2N(CH2)6NH2. Hexamethylnediamine
has a wide range of applications in the chemical industry where it is used in
the manufacturing of the coatings, adhesives, as well as in the petrochemicals
industry. It also finds application in corrosion inhibitors used in the water
treatment chemicals.
Major
market drivers:
- Increasing demand from the nylon 66 resin market
- Increasing demand for polyamides from the 3D printing market
Market
restraint:
- Lack of institutional arrangements for the consumption of hexamethylenediamine in emerging economies
Major Market Competitors
Some of the
major players in the hexamethylenediamine
market include BASF SE, E. I. Du Pont De Nemours, Toray Industries, Inc.,
Asahi Kasei Corporation, Merck KGaA, Evonik Industries AG, Ashland Global
Holdings, Inc., Invista, RadiciPartecipazioni Spa, Daejungche Chemicals &
Metals Co., Ltd., Genomatica, Junsei Chemical Co., Ltd., Suzhou Sibian
Chemicals Co., Ltd., Alfa Aesar, Aladdin Industrial Corporation, Liaoyang Petrochemical
Company and many more.
Market
Segmentation
The
hexamethylenediamine market is segmented on
the basis of applicationinto nylon synthesis, curing agents, water
treatment chemicals, chemical synthesis, medical applications, adhesives, and
others.
On the basis of end user, the market is
segmented into automotive, textile, paints and coatings, petrochemical, and
others.
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On the basis of geography, the
hexamethylenediamine market report covers data points for 28 countries across
multiple geographies such as North America, South America, Europe, Asia-Pacific
and Middle East & Africa. Some of the major countries covered in this
report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland,
Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi
Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacificis expected
to dominate the market.
Competitive Landscape
The global hexamethylenediamine
market is highly fragmented with the presence of a large number of players
across different regions. These major players have adopted various organic as
well as inorganic growth strategies such as mergers & acquisitions, new
product launches, expansions, agreements, joint ventures, partnerships, and
others to strengthen their position in this market.
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