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Hexamethylenediamine Market Size (2024 - 2029)

The hexamethylenediamine market is projected to experience growth over the forecast period, driven by increasing demand from the automotive and textile industries. Despite setbacks due to the COVID-19 pandemic, the market has shown recovery, with a notable rise in the consumption of Nylon 66 resins. The Asia-Pacific region is anticipated to lead the market, supported by its robust demand from key end-user sectors. However, the market's expansion may face challenges from the adoption of alternative raw materials like castor oil. Nonetheless, the growing interest in bio-based hexamethylenediamine products presents potential opportunities for market development.

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Market Size of Hexamethylenediamine Industry

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Hexamethylenediamine Market Summary
Study Period 2019 - 2029
Market Volume (2024) 1.40 Million tons
Market Volume (2029) 1.73 Million tons
CAGR (2024 - 2029) > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Hexamethylenediamine Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Hexamethylenediamine Market Analysis

The Hexamethylenediamine Market size is estimated at 1.40 Million tons in 2024, and is expected to reach 1.73 Million tons by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).

The COVID-19 pandemic negatively affected the market for hexamethylenediamine. The nationwide lockdowns in several countries and the labor shortage due to social distancing measures resulted in the suspension of manufacturing sites for automotive vehicles, which affected the market for hexamethylenediamine. However, post-COVID pandemic, the market for hexamethylenediamine recovered well due to increasing demand from textile and automotive end-user industries.

  • The increasing consumption of Nylon 66 resins and the rising demand for hexamethylenediamine in the automotive and textile industries are expected to drive the market for Hexamethylenediamine.
  • The usage of castor oil as an alternative raw material for the nylon production process is expected to hinder market growth.
  • The increasing demand for bio-based hexamethylenediamine products is expected to create opportunities for the market during the forecast period.
  • The Asia-Pacific region is expected to dominate the market due to the rising demand for hexamethylenediamine from textile and automotive end-user industries.

Hexamethylenediamine Industry Segmentation

Hexamethylenediamine is an organic compound consisting of a hexamethylene hydrocarbon chain terminated with amine functional groups. It is used in the organic synthesis and polymerization of high molecular compounds. Hexamethylenediamine is widely used in the production of polyamides, such as nylon 66, nylon 610, etc. It is also used as a urea-formaldehyde resin, epoxy resin curing agent, and organic crosslinking agent.

The hexamethylenediamine market is segmented by application, end-user industry, and geography. By application, the market is segmented into nylon production, intermediate for coatings, biocides, and other applications (curing agents, lubricants, etc.). By end-user industry, the market is segmented into textile, plastics, automotive, and other end-user industries (paints and coatings, petrochemicals, etc.). The report also covers the market size and forecasts for hexamethylenediamine in 15 countries across major regions. Each segment's market sizing and forecasts are based on volume (tons).

Application
Nylon Production
Intermediate for Coatings
Biocides
Other Applications (Curing Agents, Lubricants, etc.)
End-user Industry
Textile
Plastics
Automotive
Other End-user Industries (Paints and Coatings, Petrochemicals, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Hexamethylenediamine Market Size Summary

The hexamethylenediamine market is poised for significant growth, driven by its increasing application in the production of Nylon 66, which is extensively used in the textile industry for its durability and resistance properties. The market experienced a downturn due to the COVID-19 pandemic, which disrupted manufacturing activities, particularly in the automotive sector. However, it has since rebounded, with rising demand from the textile and automotive industries fueling its expansion. The Asia-Pacific region is expected to lead the market, supported by its robust textile sector and growing automotive industry. The region's dominance is further bolstered by the substantial production volumes in countries like China and Bangladesh, which are key players in the global textile market.

The market landscape is characterized by a partial consolidation, with major players such as BASF SE, Asahi Kasei Corporation, and Evonik Industries AG playing pivotal roles. These companies are actively pursuing strategic initiatives to enhance their market positions, including partnerships and expansions. The shift towards bio-based products presents both challenges and opportunities, as the industry explores sustainable alternatives to traditional raw materials. The automotive sector's focus on lightweight materials for improved fuel efficiency is expected to further drive the demand for hexamethylenediamine. Overall, the market is set to experience steady growth, supported by ongoing developments in the textile and automotive industries.

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Hexamethylenediamine Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Consumption of Nylon 66 Resins

      2. 1.1.2 The Rising Demand for Hexamethylenediamine in Automotive and Textile Industries

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increased Usage of of Bio-based Raw Materials for Nylon Production

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Nylon Production

      2. 2.1.2 Intermediate for Coatings

      3. 2.1.3 Biocides

      4. 2.1.4 Other Applications (Curing Agents, Lubricants, etc.)

    2. 2.2 End-user Industry

      1. 2.2.1 Textile

      2. 2.2.2 Plastics

      3. 2.2.3 Automotive

      4. 2.2.4 Other End-user Industries (Paints and Coatings, Petrochemicals, etc.)

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East and Africa

Hexamethylenediamine Market Size FAQs

The Hexamethylenediamine Market size is expected to reach 1.40 million tons in 2024 and grow at a CAGR of greater than 4% to reach 1.73 million tons by 2029.

In 2024, the Hexamethylenediamine Market size is expected to reach 1.40 million tons.

Hexamethylenediamine Market Report Snapshots

Hexamethylenediamine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)