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Asia Pacific Hexamethylenediamine Market Size 2025 To Procure Substantial Returns From Textile industry

Author : Ronak Bora | Published Date : 2019-07-09 

Asia Pacific has moderate share in hexamethylenediamine market owing to consumption of nylon. In this region, textile industry is growing at a CAGR of above 4.5% in past five years that in turn has enhanced product consumption. Middle East & Arica has strong presence with prevailing petrochemical industry and low raw material cost.

North America led by the U.S. and Mexico has significant share in global hexamethylenediamine market with demand for nylon textile in automobile industry. Companies such as Ascend Performance materials and INVISTA have increased their capacity that has augmented overall production. Europe has substantial share with well-established and prevailing automobile industry hosting big players such as Audi and Volkswagen. Further, rise in restrictions for low weight automobile shall drive its demand in this region.

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Hexamethylenediamine Market Size shall witness healthy growth during forecast period with applications in automotive, textile, paints & coatings and petrochemical industries. These are used to manufacture nylon that is anticipated to grow at healthy CAGR in next ten years with application in apparels, carpet fibres, air bags, air intake manifolds and fire-retardant products and may propel hexamethylenediamine market.

These are widely used in automotive industry for body parts such as under hood and mechanical component. Automobile segment has grown at a CAGR of above 4.5% that in turn shall enhance its demand. Increase in usage of nylon materials in place of metal to reduce overall body weight of material has augmented its consumption. Further, its use to manufacture curing agents, paints and coatings is anticipated to boost hexamethylenediamine market.

It is used in petrochemical industry to manufacture polyamides that is utilized in 3D printing. Demand for 3D printing has increased in recent years and shall enhance its consumption. In addition, ongoing innovations for bio based product and growing demand in emerging regions such as Asia Pacific has given a positive outlook to hexamethylenediamine market.

Hexametylenediamine (HMDA) is colourless material with amine odour similar to piperidine. It is diamine having hexamethylene hydrocarbon chain with amine functional groups at its ends. These are manufactured by hydrogenation of adiponiyrile with ammonia. It can be produced with required amount of reactivity. These act as intermediate monomer and majorly used for producing nylon 6-6 and can further produce nylon 69 and nylon 610 with dicarboxylic acids.

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Based on application, hexamethylenediamine market is segmented into nylon synthesis, lubricants, curing agents, biocides, coating intermediates, adhesives and water treatment chemicals. Nylon synthesis has major share with end use in automobile and textile industry. These are used to manufacture technical textile products for automobiles, electrical and electronics. The technical product industry has grown at a CAGR around 6% in past five years and shall spur its consumption.

Textile industry has substantial share in hexamethylenediamine market with its use to manufacture products such as apparels and carpets. Nylon 6-6 is quite durable and has high temperature resistance that makes it a sought-after material in various industries. Aerospace industry has moderate share and shall depict significant growth with utilization of nylon in place of metals. Painting & coatings have nascent share with use for coating intermediates and curing agents.

Hexamethylenediamine market is quite fragmented with presence of many regional and local players. Prominent player is DuPont, Toray industries, BASF, Solvay, Evonik Industries, Asahi Kasei, Rennovia, Invista, Genomatica, Ashland, INVISTA, East Chemical Company and Ascend Performance Materials to name a few. Companies are investing in their research and development facilities for bio based production technology owing to its cost effectiveness and meeting environmental standards.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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