The global hexamethylene diamine market was valued at USD 5.35billion in 2017 and is projected to reach USD 7.84billion by 2025, growing at a CAGR of 4.9% from 2017 to 2025.
Hexamethylene diamine is a diamine comprising of hexamethylene hydrocarbon chain and amine functional groups. The bi-functional nature of this compound has resulted in huge applications. However, it is majorly used in plastic manufacturing. The demand is expected to remain high over the forecast period owing to growing usage in the manufacture of epoxy resins.
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1. Market Drivers
1.1 Rising demand from Nylon 66 resin market
1.2 Increasing demand for polyamides
2. Market Restraints
2.1 Slow market penetration in emerging economies
2.2 Environmental issues in manufacturing
The global hexamethylene diamine market is segmented on the basis of application, end-use, and region.
1. By Application:
1.4 Curing Agents
1.5 Coating Intermediates
1.6 Nylon Synthesis
1.7 Water Treatment Chemical
2. By End-Use:
2.1 Paints & Coatings
2.1.3 Specialty Coatings
2.2.2 Industrial Clothing
2.2.3 Sewing Threads
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2.5.1 Electrical & Electronics
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Toray Industries
2. BASF SE
3. Merck KGaa
4. EI Du Pont De Nemours
9. Rennovia Inc.
10. Compass Chemical
11. Ascend Performance Materials
14. Suzhou Sibian Chemicals Co., Ltd.
15. Chengdu Dacheng Chemical Co., Ltd.
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.