The global hexamethylenediamine market is valued at USD XX billion in 2016 and is expected to reach USD XX billion by 2021, growing at a CAGR of X.X% during the forecast period 2016-2021. In terms of volume, the global hexamethylenediamine market is estimated to have a capacity of XX billion cubic feet (Bcf) in 2016, which is projected to reach XX Bcf by 2021, at a CAGR of X%.
Hexamethylenediamine (HMDA) is an industrial intermediate, mainly used for the formation of nylon 66. Nearly all of HMDA is consumed for this purpose, thereby, tying its consumption market to the global nylon demand market.
Nylon 66 is very strong and has high-temperature resistance, making it useful for various industries like textile, plastic, fiber and automotive industries.
The market is mainly driven by the increasing consumption of nylon 66 by various industries, with automotive being a major industry.
Its use in coatings, as well, is expected to boost the market. However, the market faces certain drawbacks such as growing environmental concerns and fluctuation in raw material prices.
These factors may act as a roadblock to the growth of the market.
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The hexamethylenediamine market, by application, can be categorized into nylon 66 production, intermediate for coatings and biocides. Nylon 66 has nearly 90% market share and is expected to grow during the forecast period.
Its use in coatings is also expected to increase.
During the forecast period 2016 and 2021, the worldwide demand is expected to increase slowly, at an estimated 3 %, annually. At present, North America leads the market in HMDA consumption, mainly due to the USA being the market leader; followed by Asia-Pacific and Europe.
Regarding growth, Asian countries like China and Taiwan are leading the market mainly due to low labor costs. Due to its fast growth, the Asian market is expected to overtake the North American market during the forecast period.
Opportunities and Market Players
The development of various bio-based production routes and continuous research in the area provide great opportunities for the growth of the market.
Some of the major companies dominating this market for hexamethylenediamine production and uses are:
Toray Industries, Inc.
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Key Deliverables in the Study
Market analysis for the global hexamethylenediamine market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global hexamethylenediamine market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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