The Asia Pacific Hexamethylenediamine Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,092.64 Kilo Tonnes, showcasing a growth of 4.5% (2019-2022).
HMDA-derived materials are utilized in the production of non-woven fabrics. These fabrics have various applications in the textile industry, including filtration, medical textiles, and disposable products. Moreover, the automotive sector extensively utilizes nylon 66 to manufacture airbags, fuel lines, and engine components. HMDA serves as a crucial ingredient in the production of adhesives and coatings. Its distinctive chemical properties help develop high-performance adhesives and compounds for the construction, automotive, and aerospace industries. The adhesives and coatings formulated with HMDA exhibit excellent bonding strength, corrosion resistance, and durability.
In the biomedical field, HMDA finds applications in synthesizing various polymers and materials used for medical devices. Its biocompatible nature and the ability to be tailored for specific purposes make it valuable in developing medical implants, drug delivery systems, and other biomedical products. Additionally, biocides help control and prevent microbial growth in HMDA-based products, ensuring the material's stability and integrity during storage and transportation. Biocides with eco-friendly formulations can contribute to the sustainable use of HMDA by minimizing the environmental impact of microbial degradation.
The National Investment Promotion and Facilitation Agency's Invest India reports that the value of India's textile exports in FY 2021 22 exceeded US$ 44 billion, and the industry is expected to be worth $250 billion by 2025. Expanding the use of HMDA in Japan can contribute to manufacturing high-performance materials, including engineering plastics, fibers, and films used in various industries. Japan's focus on renewable energy can drive the demand for HMDA, especially in applications such as producing wind turbine blades and solar panel encapsulation materials. This supports the country's efforts to expand its renewable energy capacity. All these factors will uplift the regional market’s expansion in coming years.
The China market dominated the Asia Pacific Hexamethylenediamine Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,379.8 Million by 2030. The Japan market is registering a CAGR of 5.3% during (2023 - 2030). Additionally, The India market would showcase a CAG`R of 6.7% during (2023 - 2030).
Based on End-use, the market is segmented into Automotive, Textile, Paint Coatings, Petrochemicals, and Others. Based on Application, the market is segmented into Nylon Synthesis, Curing Agents, Lubricants, Biocides, Intermediate for Coatings, Adhesives, Water Treatment Chemicals, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Hexamethylenediamine Market is Predict to reach USD 13.5 Billion by 2030, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, DuPont de Nemours, Inc., Toray Industries, Inc., Merck KGaA, Asahi Kasei Corporation, Evonik Industries AG (RAG-Stiftung), Ashland, Inc., Koch Industries, Inc. (Invista BV), Ascend Performance Materials LLC and Lanxess AG
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 