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Hexamethylenediamine (HMDA) Market Growth, Segmentation, Competitive Landscape, Size, Share, Forecast to 2023

Hexamethylenediamine (HMDA) Market Growth, Segmentation, Competitive Landscape, Size, Share

Press Release

Hexamethylenediamine (HMDA) is an industrial intermediate which is manufactured from adiponitrile. It is a colorless solid with a strong amine odor. It is used in the production of inks, scale, and corrosion inhibitors for water treatment chemicals. It is majorly used in the manufacturing of nylon 6, 6 which is further utilized by automotive, aerospace and defense sector. Furthermore, HMDA in combination with dicarboxylic acids for the manufacturing of other nylon such as nylon 69, nylon 610, and nylon 612. It is also used as a hardener for epoxy resins. It is extensively utilized in lubricants, water treatment chemicals, coatings, lubricants, and others in end use industries such as textile, automotive, petrochemical, and paints & coatings.

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Some of the key market factors that positively influence the HMDA Market growth are, increasing demand from petrochemical industry, increasing production of HMDA based lubricant, and growing urbanization. Nylon 6,6 is used in the manufacturing of automotive components such as rocket covers, oil pans, airbags, radiator end tanks, and air intake manifolds. Moreover, increasing demand for fuel efficient vehicles is predicted to give a new momentum for the use of lubricants.

Competitive analysis:

The major 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)

Market Segmentation:

Globally, Hexamethylenediamine Market is spanned on the basis of application, end use, and region. Based on application, the market is segmented as nylon synthesis, lubricants, water treatment chemicals, coating, and others. Among these, nylon synthesis segment holds the largest market share on account of wide utilization of nylon 6,6 from various end use industries such as textile and automotive.

Based on end use, the market is classified as petrochemical, textile, paints & coatings, automotive, and others. Among them, automotive segment holds the largest market share due to increasing automotive production and sales across the globe.

Moreover, increasing automotive production and sales combined with continuous growth of automotive sector is estimated to propel the demand for Hexamethylenediamine Market. Furthermore, rising investment in residential as well as commercial sector is set to propel the growth of Hexamethylenediamine Market.

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.

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