New York, Aug. 27, 2020 (GLOBE NEWSWIRE) -- The Global Hexamethylenediamine Market is forecast to reach USD 9.69 Billion by 2027, according to a new report by Reports and Data. HMDA, also known as, Hexamethylenediamine, is a colorless crystalline solid and has a characteristic amine odor. It consists of a hexamethylene hydrocarbon chain terminated with an amine functional group.
HMDA can be used as a corrosion inhibitor, chemical intermediate, and a curing agent. Thus, it has extensive applications in several end-use industries such as textile, water treatment, and automotive. Moreover, it is also used in manufacturing resins that can be used in paints and adhesives. The growing demand for the market product in the textile and automotive industry is driving the growth of the market. This is due to the increasing demand for HMDA as a precursor in the manufacture of nylon 6,6. This product is used to produce domestic and technical textiles.
Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.reportsanddata.com/sample-enquiry-form/2894
The Asia Pacific region is dominating the global market share due to rapid industrialization. China is the largest consumer of the market product on account of the rising exports of nylon from the country. The total export of nylon in 2018 in the country was valued at USD 137.7 million. Moreover, India and Southeast Asian countries are propelling the demand on account of the increasing application in the water treatment industry. These factors are creating ample opportunities for growth in the region.
Further key findings from the report suggest,
- Nylon 6,6 is used in automobiles to manufacture electro-insulating elements, airbags, and radiator end tanks. Due to the rising environmental concerns, there is a growing need to produce bio-based Hexamethylenediamine. This is expected to create a demand for the market players internationally.
- HMDA is slightly toxic, and direct exposure during its manufacturing can damage the eye and burn skin. It has also been included in the hazardous substance list by the European Chemicals Agency and American Conference of Governmental Industrial Hygienists. This will hamper market growth.
- The increasing demand for HMDA as a raw material in the paints and coatings industry and the growing constructional activities in the region are driving the demand of the market. Additionally, the rising advancements in the U.S., along with the emerging multifunctional application like functional coatings and 3D printing, are further driving the demand in North America.
- APAC is also forecast to grow owing to its extensive growth in the nylon fiber-based apparel and consumer products coupled with the massive demand for nylon fibers in military and sports usages, especially in China, Japan, and Indian sub-continental countries.
- In June 2019, Universal Fibers, Inc., a major player in the nylon fibers production, updated the acquisition of twisting and heat-setting assets for its production Europe and Asian production facilities situated in Gorzow, Poland and Taicang, China. Both plants in the two different continents are fully integrated with all the procedures right from extrusion to finished yarns in multiple chemistries, including Nylon 6 and Nylon 6,6, and serve carpet manufactures deal in residential, commercial, and automotive end-use.
- Key participants include BASF SE, Toray Industries, Inc., Merck KGaA, Solvay SA, Evonik Industries AG, Ashland Global Holdings, Inc., E. I. Du Pont De Nemours, Invista, Asahi Kasei Corporation, and Lanxess, among others.
BUY NOW (Customized Report Delivered as per Your Specific Requirement)@ https://www.reportsanddata.com/checkout-form/2894
For the purpose of this report, Reports and Data has segmented the Global Hexamethylenediamine Market on the basis of grade, applications, end-use, and region:
Grade Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- Chemical Grade
- Industrial Grade
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- Nylon Synthesis
- Curing Agents
- Lubricants
- Biocides
- Coatings Intermediate
- Adhesives
End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- Automotive
- Textiles
- Petrochemicals
- Paints and Coatings
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hexamethylenediamine-market
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- North America
- U.S.
- Europe
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Take a Look at our Related Reports:
Glucaric Acid Market: The demand for detergents, soaps, food additives, markers of corrosion and de-icing applications is growing. Regardless of its poisonous nature, the restriction on the use of phosphates in detergents raises the market for glucaric acid.
Glyoxal Market: Glyoxal is a chemical raw material that finds application in several end-user industries, primarily owing to its environment-friendly characteristic.
Anhydrous Aluminium Chloride Market: It is used as a prominent ingredient in polymerization reactions. Some of the major applications of aluminium chloride (AlCl₃) are in the segments of wastewater treatment, inks and dyes, metal precipitation, and food flavors, among others.
Salicylic Acid Market: The increasing usage of topical medicines rehabilitating inflammation, skin irritation, and acne solution especially, along with the growing usage of salicylic acid in food preservation, are the primary reasons the market is predominantly being driven.
Acrylonitrile Market: The use of acrylonitrile primarily include the manufacturing of the raw material for acrylic and modacrylic fibers. The chemical additionally is used widely to manufacture plastics (acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN)), high-impact plastics, adiponitrile, packaging plastics, drugs, dyes, and pesticides.
Ethylene Carbonate Market: Incisive growth in the usages of ethylene carbonates in various industries, such as automotive, oil & gas, and medical, to name a few are leveraging the demands for the same and helping grow the market valuation.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com