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Hexamethylenediamine Market Size
Hexamethylenediamine Market is projected to witness noticeable growth from 2024 to 2032, owing to rising application in textiles, petrochemical, paint and coatings, and automotive industries. The growing preference for nylon materials over metal to reduce the overall weight is increasing the demand for hexamethylenediamine (HMDA), to cater to uses in the production of curing agents, paints, and coatings. In the petrochemical sector, the compound is used to produce polyamides for 3D printing. The strong demand for HMDA in lubricant production is also supported by its distinctive properties and compatibility with diverse additives. However, the main constraint for the market growth is the emergence of alternatives to manufacture nylon. Hexamethylenediamine is expensive to manufacture, package, and transport. Strict government regulations over risk management and manufacturing could be a challenge for market players in the near future.
Hexamethylenediamine Market Trends
The increasing demand from various end-user industries, such as automotive, textile, and pharmaceuticals is driving the industry growth. In the automotive sector, HMDA is used in the production of nylon resins for lightweight automotive components, contributing to the global trend towards vehicle electrification and fuel efficiency.
It is also utilized in the textile industry for the manufacturing of nylon fibers for clothing, carpets, and other textiles due to its excellent strength and durability properties. According to Apparel Resources, in 2022, the textile and clothing market in the EU surpassed €200 billion in revenue for the first time. Also, the EU apparel imports surged by 36.6% in fiscal 2022. This increase in apparel imports along with the continuous innovations of bio-based products will positively influence the hexamethylenediamine market outlook.
The pharmaceutical industry utilizes HMDA in the synthesis of various pharmaceutical intermediates and active pharmaceutical ingredients (APIs). Moreover, the growing adoption of bio-based HMDA derived from renewable sources is helping match the increasing focus on sustainability and environmental consciousness among consumers and industries.
Hexamethylenediamine Market Analysis
The nylon production application segment is estimated to accumulate sizeable share of the hexamethylenediamine industry by 2032. This is due to the increasing demand for nylon fibers in various end-use industries, such as textiles, automotive, and consumer goods. Hexamethylenediamine serves as a key raw material in the production of nylon 6,6, which is widely used in manufacturing fabrics, carpets, automotive parts, and packaging materials due to its excellent mechanical properties, strength, and chemical resistance.
Hexamethylenediamine industry share from the textile end-user industry segment is slated to depict substantial growth by 2032, primarily fueled by the expanding textile manufacturing sector globally. HMDA is a crucial component in the production of nylon fibers, used extensively in textile applications to render exceptional strength, durability, and abrasion resistance. With increasing urbanization, rising disposable incomes, and changing consumer preferences towards high-quality textiles, the demand for nylon-based textiles in clothing, home furnishings, carpets, and technical textiles is also expected to rise.
Asia Pacific hexamethylenediamine market size is projected to expand at notable pace from 2024 to 2032. The increasing industrialization and urbanization in countries like China, India, and Southeast Asian nations is creating the demand for hexamethylenediamine for use in textiles, automotive, and electronics and other sectors. The increasing investments in infrastructure projects and construction activities are also escalating the demand for hexamethylenediamine as a key raw material. Furthermore, the expanding population, rising disposable incomes, and the evolving consumer preferences towards high-quality products will contribute to the regional market expansion.
Hexamethylenediamine Market Share
Key companies operating in the hexamethylenediamine industry are establishing new plants and developing new sites to expand their business capacities. They are also adopting strategies, such as mergers & acquisitions, collaborations, and product launches to gain a competitive advantage.
Some of the major hexamethylenediamine companies are:
- INVISTA
- BASF
- Evonik Industries
- Toray industries
- Ascend Performance Materials
- Asahi Kasei
- Genomatica
- Rennovia
- Ashland
- DuPont
- Solvay
Hexamethylenediamine Industry News:
- In January 2022, BASF announced to construct a new hexamethylene diamine (HMD) plant in Chalampé, France, to boost its annual production capacity to 260,000 metric tons by 2024.