Hexamethylenediamine Market Gaining Traction from Automotive Industry

img

Hexamethylenediamine (HMDA) is a crucial material used for manufacturing nylon 66. As per a report released by American Chemistry Society (ACS), Nylon 66’s market value was a noticeable $3 billion in 2018 and is evaluated to double by 2026. Owing to the fact that nylon demand will accelerate growth prospects of HMDA, the hexamethylenediamine market size is evaluated at $5,545 million in 2018 and opportunities are estimated to swell at compound annual growth rate (CAGR) of 4.86% during the forecast period of 2019-2025, according to a business intelligence report published by IndustryARC.

The report by IndustryARC is titled “Hexamethylenediamine Market– by Application (Nylon Synthesis, Curing Agents, Lubricants, Biocides, Coatings Intermediate, Adhesives, and Water Treatment Chemical), By End-User (Automotive, Textile, Paints & Coatings, and Petrochemicals) and Forecast (2019-2025).” The growing focus of companies towards bio-based production technology for manufacturing hexamethylenediamine and nylon 66 is spurring the HMDA market. This report contains imperative information related to hexamethylenediamine market opportunities and forces that will define the market in the upcoming years.

Global Hexamethylenediamine Market: Leading Segments

According to the analyst, APAC was the leading region to have gained maximum demand share of 47% in 2018. High demand for nylon and mounting automotive and textile industry are collectively enhancing the market value in this region. Several emerging economies in the APAC region including China, India, Taiwan, and South Korea are the major consumers of hexamethylenediamine.

Hexamethylenediamine market has found its leading application in the automotive industry. The increasing popularity of lightweight vehicles to reduce fuel efficiency and lower emissions are booming the production rate of vehicles worldwide. The production growth will also enhance the demand for HMDA lubricants and nylon vehicles tire in the market. The automotive sector in the hexamethylenediamine market is estimated to grow with a CAGR of 4.11% through to 2025.

Also Read:  Soy Protein Market Driven by Numerous Health Benefits

Read More – Chemicals and Materials Research Reports @ https://industryarc.com/Domain/4/chemicals-materials-market-research.html

Global Hexamethylenediamine Market: Growth Drivers and Trends

Hexamethylenediamine market has a wide range of end users who will help it is witnessing high demand. Some of these end users are plastics, textiles, automotive, petrochemicals, and paints and coatings industries. Hexamethylenediamine is used in paint and coatings industries as a curing agent and coating intermediate. The budding demand for paints and coatings industry will drive the HMDA market. Growing usage of HMDA in the water treatment process will also add to the revenue earned by this market in the forecast period. The rising use of hexamethylenediamine in the petrochemical industry to manufacture polyamides will enhance the market value. Polyamides are used in 3D printing and the emerging trend of 3D printing will influence the HMDA market. One of the leading player Asahi Kasei, on January 2018, decided to expand the capacity for Leona nylon 66 filament. The increasing demand for the airbag in the automotive sector attributed to the high rate of installations will add significant revenue in the hexamethylenediamine market.

Global Hexamethylenediamine Market: Competitive Landscape

Some of the key market players operating in the hexamethylenediamine market and are noticeably ahead of the curve are Oray Industries, Inc., BASF SE, Solvay Group, Asahi Kasei Corporation, Ashland Global Holdings Inc, DowDupont Inc., Evonik AG, East Chemical Company, Rennovia, Invista, and Genomatica.

Talk to one of our sales representatives about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=500120

Related Reports:

A. Butadiene Market

https://industryarc.com/Research/1,3-Butadiene-Market-Research-503437

B. Nylon Resins Market

https://industryarc.com/Report/1302/nylon-resins-market-analysis.html

What can you expect from the report?
The Hexamethylenediamine Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Hexamethylenediamine Market Size by Product Categories & Application
2. Hexamethylenediamine Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Hexamethylenediamine Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Hexamethylenediamine Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Hexamethylenediamine Market Strategic Analysis
18. Hexamethylenediamine Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Hexamethylenediamine Market Revenue and Volume Analysis

Also Read:  Hydraulic Controls Market Propelled by the Industrial Applications

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in the application or end-user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact:

Mr. Venkat Reddy

Sales Manager

Email: sales@industryarc.com

Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Email

Go to website