Who are the key players in Hexamethylenediamine Market?

BASF SE, Asahi Kasei Corporation, Evonik Industries AG, TORAY INDUSTRIES INC and INVISTA are the major companies operating in the Hexamethylenediamine Market. Read More

Which is the fastest growing region in Hexamethylenediamine Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hexamethylenediamine Market?

In 2024, the Asia Pacific accounts for the largest market share in Hexamethylenediamine Market. Read More

What years does this Hexamethylenediamine Market cover, and what was the market size in 2023?

In 2023, the Hexamethylenediamine Market size was estimated at 1.35 million tons. The report covers the Hexamethylenediamine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hexamethylenediamine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hexamethylenediamine Market Size

Market Size of Hexamethylenediamine Industry

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
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

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. 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. 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

How big is the Hexamethylenediamine Market?

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.