Hexamethylenediamine or HMDA is classified as a colorless solid and unpleasant odor with chemical formula H2N (CH2)6NH2. The organic compound is a diamine which consist of hexamethylene hydrocarbon chain terminated with amine functional group. It is manufactured by the hydrogenation of adiponitrile and is used in extensive range of application such as nylon synthesis, coating intermediates, water treatment chemicals, lubricants, and others. Moreover, it is majorly used as chemical intermediate monomer in the manufacturing of polymers such as nylon 6,6. Additionally, it is used as a curing agent additive in petrochemical sector and as a corrosion inhibitor in water treatment chemicals. It finds wide application scope in numerous end use industries such as paints & coatings, automotive, textile, and petrochemicals.

As per our Analysis, some of the important market factors and trends identified in the global hexamethylenediamine market include continuous growth of paints & coatings sector, increasing demand for water treatment chemicals based on hexamethylenediamine, and favorable government regulations. Increasing population along with growing per capita disposable income is expected to propel the growth of the market during the review period (2016 to 2023).

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4884

Key Players and Competition Analysis

Some of the prominent players operating in the Hexamethylenediamine Market are BASF SE (Germany), Asahi Kasei Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Merck KGaA (Germany), Evonik Industries AG (Germany), Solvay SA (Belgium), INVISTA (U.S.), Ascend Performance Materials (U.S.), DuPont (U.S.), LANXESS (Germany) among others.

Segmentation Analysis

The Global Hexamethylenediamine Market is segmented on the basis of application, end use industry, and region. On the basis of application, the market is categorized as nylon synthesis, lubricants, water treatment chemicals, coating, and others. On the basis of end use, the market is segmented into petrochemical, textile, paints & coatings, automotive, others. On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis

Geographically, Hexamethylenediamine Market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, North America region emerged as the leading HMDA market in 2016 and is expected to grow with the healthy CAGR during the assessment period, (2016 to 2023) due to expansion of numerous end use industries such as textile and petrochemical among others. In North America, countries such as the U.S. and Canada are among the major contributors in the regional market growth and are predicted to see a significant regional market growth on account of strong growth in textile sector. European countries such as Italy, France, Russia, Spain, Germany, and the U.K have emerged as the regional consumer markets on account of developed end use industries and rising consumer spending on textile and automotive. Furthermore, presence of key automotive manufacturers specifically in Germany and Italy are expected to drive the market growth.

North America emerged as the largest market for Hexamethylenediamine followed by Europe and Asia Pacific. Asia Pacific region is expected to grow with the significant CAGR during the assessment period, (2016 to 2023) owing to continuous expansion of automotive sector and paints & coatings among others. The demand for HMDA is estimated to surge in the various countries of Asia Pacific such as Thailand, Vietnam, China, India, Japan, and Malaysia due to increasing industrial investments and improved standard of living. Furthermore, rising construction activities in China and India along with approval of large-scale commercial, residential, institutional, and industrial construction projects is estimated to fuel the demand for paints & coatings and adhesives based on HMDA. Moreover, increasing purchasing power, availability of low-cost raw material, labor & land, and government policies in favor of industrialist are some of the important factors for the regional market growth.

Browse the market data and information spread across 137 pages with 35 data tables and 12 figures of the report “Hexamethylenediamine Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/hexamethylenediamine-market-4884

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

Phone: +16468459312

Email: [email protected]