Global Hexamethylenediamine Markets 2022-2027: Extensive Use in Manufacturing Nylon 66 & Increasing Demand for Polyamides in 3D Printing

29 Jul 2022
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DUBLIN, July 29, 2022 /PRNewswire/ -- The "Global Hexamethylenediamine Market by Application (Nylon Synthesis, Curing Agents, Lubricants, Biocides, Coatings Intermediate, Adhesives), End-Use Industry (Automotive, Textile, Paints & Coatings, Petrochemical) and Region - Forecast to 2027" report has been added to
ResearchAndMarkets.com's offering.
The glocemicbal hexamethylenediamine market size is projected to grow from USD 8.9 billion in 2022 to USD 11.6 billion by 2027, at a CAGR of 5.4% from 2022 to 2027.
The market will experience a growth of 5.4% with respect to CAGR between 2022 and 2027. The manufacturing process of nylon 6-6 fibre and resins is a major consumer of hexamethylenediamine. As a result, the increased demand for nylon 6-6 fibres has had a positive impact on the global hexamethylenediamine market.
With the rise of nylon as a major substitute for a variety of applications, particularly in the automotive industry, where nylon has replaced metals in a variety of applications, the hexamethylenediamine market is expected to expand rapidly.
Automotive segment to witness higher CAGR during the forecast period
The hexamethylenediamine market is divided into several end-use industries, including automotive, textile, paints & coatings, petrochemical, and others. In 2017, it is expected that the automotive industry will be the largest end-use industry segment in the hexamethylenediamine market.
During the forecast period, this segment is expected to grow at the fastest CAGR. Textile is expected to be the second-largest end-use industry segment in the hexamethylenediamine market, with paints and coatings growing at the second-fastest CAGR during the forecast period.
North America to be the largest market for hexamethylenediamine
North America is estimated to account for the largest share of the hexamethylenediamine market in 2021. The key players in this geographical hexamethylenediamine market are the US and Mexico.
The growth of the North American hexamethylenediamine market can be attributed to the region's expansive automotive sector. Moreover, the Asia Pacific hexamethylenediamine market is projected to expand at the fastest CAGR during the forecast period.
Competitive landscape
The hexamethylenediamine market comprises major solution providers, BASF SE (Germany), Merck KGaA (Germany), TORAY INDUSTRIES, INC. (Japan), Evonik (Germany), and DuPont de Nemours, Inc.(US) among others. The study includes an in-depth competitive analysis of these key players in the hexamethylenediamine market, with their company profiles, and key market strategies.
Premium Insights
Market in Asia-Pacific to Offer Attractive Opportunities During Forecast Period
Asia-Pacific to be Fastest-Growing Market During Forecast Period
US and Nylon Synthesis Segment Accounted for Largest Shares
Market in India to Grow at Highest CAGR from 2022 to 2027
Extensive Use in Manufacturing Nylon 66
Increasing Demand for Polyamides in 3D Printing
Restraints
R&D to Find Replacement of Hexamethylenediamine
Untapped Growth Potential in Emerging Economies
Opportunities
Growth Opportunities in Asia-Pacific
Challenges
Slowdown in Chinese Manufacturing Sector
Environmental Issues
Company Profiles
Merck KGaA
Evonik
Ashland
Invista
Additional Players
Alfa Aesar
Suzhou Sibian Chemicals Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/hqpmw7
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