The Latin America, Middle East and Africa Hexamethylenediamine Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 292.47 Kilo Tonnes, showcasing a growth of 7.7% (2023-2030).
Hexamethylenediamine (HMDA) is a chemical compound with H2N (CH2)6NH2 formula. It is composed of an amine functional group terminating a hexamethylene hydrocarbon chain. HMDA finds application in coatings, petrochemical additives, high-performance polyurethane paints, and epoxy curing agents, among other non-nylon applications. It is also a corrosion and scale inhibitor in water treatment facilities. In addition to nylon 66, it is used to manufacture nylon 612, nylon 69, and nylon 610. Because of the green movement, the need for bio-based HMDA to create nylon 66 increased.
The adoption of HMDA has experienced a steady rise, driven by its indispensable role in various industries. The demand for nylon 66 has been a significant driver for the HMDA. The usage of nylon 66 in producing multiple components prompted increased demand for HMDA due to the automotive sector's increasing demand for lightweight, high-performance materials. Additionally, the construction industry's reliance on high-quality adhesives and coatings has further boosted the market.
According to the International Trade Administration and industry experts, the value of the UAE's construction industry is projected to increase by between 3.7% and 4.7% over the next five years. According to the International Trade Administration, in 2020, Saudi Arabia accounted for nearly 52% of all vehicles sold in the Gulf Cooperation Council (GCC) and 35% in the MENA region. In Saudi Arabia, 556,000 vehicles were sold in 2019 and 436,000 in 2020. Sales are anticipated to reach 543,000 units by 2025, with only 32,000 units being electric vehicles. The factors mentioned above will drive the regional market growth.
The Brazil market dominated the LAMEA Hexamethylenediamine Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $267.8 Million by 2030. The Argentina market is showcasing a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Hexamethylenediamine Market is Projected 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 