The Global Hexamethylenediamine Market size is expected to reach $13.5 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,396.83 Kilo Tonnes, experiencing a growth of 4.1% (2019-2022).
Biofouling, the accumulation of microorganisms on surfaces, is a common challenge in various industrial applications. Therefore, the Biocides segment captured $598.8 million revenue in the market in 2022. Biocides help in preserving end-use products that incorporate HMDA. Microorganisms can lead to degradation and deterioration in various applications, such as coatings, adhesives, and textiles. By incorporating biocides with HMDA, manufacturers can ensure the longevity and performance of their products, leading to increased demand for HMDA in these applications. Some of the factors impacting the market are Construction and infrastructure development, Increasing renewable energy projects and Environmental and regulatory constraints.
HMDA is a key component in producing adhesives and sealants used in construction. These materials are crucial for bonding and sealing components in building and infrastructure projects. The growth of construction activities increases the demand for adhesives and sealants, consequently boosting the demand for HMDA. HMDA is a building block to produce engineering plastics, which find applications in construction materials, such as pipes, fittings, and structural components. The renewable energy sector, especially wind energy, utilizes materials incorporating HMDA in producing components for wind turbines. As countries invest in clean and sustainable energy sources, the demand for HMDA in this sector contributes to market growth. The demand for lightweight and durable materials drives the use of HMDA in this application. Increasing renewable energy projects have been a pivotal factor in driving the growth of the market.
However, the petrochemical nature of HMDA raises environmental concerns. Regulatory requirements and environmental standards may impose restrictions on certain manufacturing processes or encourage the adoption of greener alternatives. Environmental waste management and disposal regulations may require companies to implement effective and environmentally friendly waste treatment processes, adding to operational complexities and costs. Regulatory differences between regions, especially regarding environmental standards, can result in trade barriers and tariffs. This can impact the global supply chain for HMDA and lead to market uncertainties. Introducing new production processes or developing bio-based alternatives may require regulatory approval. Long and complex approval processes can delay innovation and hinder the market's ability to adapt to changing environmental and regulatory landscapes.
By application, the hexamethylenediamine market is categorized into nylon synthesis, curing agents, lubricants, biocides, intermediate for coatings, adhesives, water treatment chemicals, and others. In 2022, the nylon synthesis segment held the highest revenue share in the market. HMDA is a crucial building block in producing nylon 66, one of the most widely used types of nylon. Nylon 66 is synthesized by combining HMDA with adipic acid, resulting in a polymer with exceptional mechanical strength, heat resistance, and chemical stability. Nylon 66, derived from HMDA, is employed in manufacturing electrical connectors, cable ties, and insulating materials in the electronics industry. As the electronics sector advances, the demand for HMDA is likely to increase.
Based on end-use, the hexamethylenediamine market is classified into automotive, textile, paint coatings, petrochemicals, and others. The textile segment acquired a substantial revenue share in the market in 2022. One of the primary applications of HMDA is in producing nylon fibers, particularly nylon 66. Nylon fibers derived from HMDA produce textiles for apparel and fashion. Nylon fabrics are valued for their smooth texture, excellent drape, and ability to retain vibrant colors. The versatility of nylon allows for the creation a wide range of clothing items, from sportswear to lingerie, contributing to the demand for HMDA in the textile segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 8.5 Billion |
| Market size forecast in 2030 | USD 13.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.5% from 2023 to 2030 |
| Number of Pages | 362 |
| Number of Table | 650 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | End-use, Application, Region |
| Country scope |
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| Companies Included | 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 |
| Growth Drivers |
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| Restraints |
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Region-wise, the hexamethylenediamine market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. Rapid industrialization is occurring in the Asia-Pacific region, as evidenced by the substantial expansion of manufacturing activities in nations such as China, India, and others. The industrial sector's demand for materials like nylon, produced with HMDA, has increased as industries expand and diversify in the region. Asia Pacific's construction and infrastructure sectors are experiencing significant growth, driven by urbanization and development projects.
Free Valuable Insights: The Global Hexamethylenediamine Market size to reach USD 13.5 Billion by 2030
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 Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $13.5 billion by 2030.
Construction and infrastructure development are driving the Market in coming years, however, Environmental and regulatory constraints restraints the growth of the Market.
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
In the year 2022, the market attained a volume of 3,396.83 Kilo Tonnes, experiencing a growth of 4.1% (2019-2022).
The Automotive segment is leading the Market, by End-use in 2022; thereby, achieving a market value of $6.1 Billion by 2030.
The Asia Pacific region dominated the Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.2 Billion by 2030.
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