The North America Hexamethylenediamine Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 871.42 Kilo Tonnes, showcasing a growth of 3.2% (2019-2022).
HMDA produces various consumer goods, including sporting equipment, luggage, and household items. The growth in consumer goods manufacturing, driven by changing consumer preferences and rising disposable incomes, supports the demand for HMDA. The casing of consumer electronics, such as laptops and smartphones, often incorporates materials derived from HMDA. This is due to the material's ability to provide structural support, impact resistance, and protection for delicate electronic components. The chemical's contributions to the durability and reliability of materials make it valuable in the manufacturing of appliances.
The versatility of this compound in providing desirable properties to end products, such as enhanced adhesion and corrosion resistance, has made it a preferred choice in construction applications. The water treatment sector has also contributed to the increasing adoption of HMDA, focusing on developing effective corrosion and scale inhibitors. As industries seek sustainable and efficient water management solutions, the demand for such chemicals is expected to rise, positively impacting the HMDA.
As per the International Trade Administration, the US automotive industry is one of the world's largest. In 2020, the United States sold 14.5 million light vehicles. Canada is a global leader in hydropower generation. The country has numerous hydropower projects, particularly in provinces like Quebec, British Columbia, Manitoba, Newfoundland, and Labrador. These projects contribute significantly to Canada's overall electricity generation. Solar power projects have been gaining traction, with solar installations becoming more prevalent across the country. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America Hexamethylenediamine Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,732.5 Million by 2030. The Canada market is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% 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 U.S., Mexico, Canada, and Rest of North America.
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)
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