Hexamethylene Diamine Market

Introduction:

Hexamethylenediamine, abbreviated as HMDA, is an organic compound with the chemical formula H2N(CH2)6NH2. It is a colorless solid with a strong amine odor. HMDA consists of a hexamethylene hydrocarbon chain terminated with an amine functional group. It can be used as a chemical intermediate, corrosion inhibitor and hardener.

Hexamethylenediamine is synthesized from adiponitrile and is useful in many applications in the chemical industry. Hexamethylenediamine is used as a chemical intermediate monomer in the production of polymers such as nylon 6-6. In addition, it is also used in the production of coatings, hardeners, additives for the petrochemical industry, printing inks, and scale and corrosion inhibitors used in water treatment chemicals.

Hexamethylene Diamine Market size was valued at USD 7.70 Billion in 2023 and is expect to reach USD 11.45 Billion by 2032, growing at CAGR 5.49% (2024 to 2032).

In addition, hexamethylenediamine is used with dicarboxylic acids to make other nylons such as nylon 69, nylon 610 and nylon 612. It is also used as a hardener for epoxy resins. In recent years, the demand for the bio-based hexamethylenediamine needed for the production of nylon 66 has increased tremendously. Thus, it has wide applications in several end-use industries such as water treatment, textile and automotive. In addition, it is also used in the production of resins used in glues and paints. Over the years, the demand for bio-based HMDA has increased due to the green revolution in nylon 66 production.

Hexamethylene Diamine Market

Size, by Product, - (USD Billion)

AH Salt

HD

Others

Other Products

The Market will Grow

At the CAGR of:

5.49%

The Forecast Market

Size for in USD:

$11.45 Billion

Overview:

The greatest area of ​​consumption for HMDA is the production of nylon 6-6 resins and fibers. Thus, increasing demand for nylon 66 will have a positive impact on the HMDA market. With the growth of nylon replacing many applications, especially in the automotive industry, where nylon has replaced metals in many applications, the hexamethylenediamine market is expected to grow rapidly. The demand for bio-based nylon resins has increased significantly in recent years, so companies are focusing on creating bio-based production technology to produce HMDA. The only differentiating factor for bio-based HMDA production is raw material prices, cost effectiveness and production process. In recent years, the demand for hexamethylenediamine used in the production of nylon 6-6 resins has increased significantly.

In addition, its consumption has increased due to the increase in the use of nylon materials instead of metal to reduce the overall weight of the material. Additionally, its use in the manufacture of hardeners, paints and coatings is expected to boost the hexamethylenediamine market. It is used in the petrochemical industry to make polyamides used in 3D printing. The demand for 3D printing has increased in recent years and is increasing its consumption.

However, increasing research and development activities focused on developing a better substitute to replace the use of hexamethylenediamine in the manufacture of nylon 66 is a significant restraint for the market. In addition, they are quite corrosive and require high costs of production, packaging and transportation. Strict government regulations on risk management and production may prove to be a challenge in the near future. In addition, they are quite harmful and can cause irritation, skin burns and eye damage. It is not easy to eradicate because it is harmful to invertebrates.

Market Trends:

The market is growing due to increased demand from various industries such as textile, water treatment and automotive. In the short term, the market is expected to continue to grow, which is mainly due to the increasing demand for production of nylon 6-6.

Nylon materials are increasingly preferred over metal due to their lighter weight, which increases the demand for hexamethylenediamine (HMDA). HMDA is used in the production of hardeners, paints and coatings. In the petrochemical industry, polyamides are produced for 3D printing. The unique properties of HMDA make it a popular choice for lubricant production because it is compatible with a wide range of additives.

Hexamethylenediamine (HMDA) is a chemical compound widely used in the chemical industry to make various products, including corrosion inhibitors for water treatment chemicals. It occurs during the production of adiponitrile. HMDA plays a key role as a building block for the production of high-performance materials in various industries. Its exceptional chemical and physical properties and versatility make it an important ingredient in the synthesis of polymers, resins and other specialty chemicals.

Hexamethylene Diamine Market

Share, by end user, (USD Billion)

7.70 Billion %

Nylon Synthesis

Coatings

Adhesives

Biomedical

Other End-Users

11.45 Billion

Total Market Size

USD (Billion),

5.49%

CAGR

-

Market Drivers:

• Technological Advances: Continuous innovation and technological advancement play a crucial role in the expansion of the Hexamethylenediamine market. New technologies often lead to better products, better efficiency and a better customer experience, which increases demand and market growth.

• Growing Consumer Demand: Growing consumer awareness and demand for hexamethylenediamine products/services is significantly contributing to market expansion. As consumers look for more sustainable, efficient or advanced solutions, companies respond by innovating and expanding their offerings.

• Regulatory Support and Initiatives: Supportive regulatory frameworks and government initiatives can catalyze market growth by promoting investment, reducing entry barriers and promoting innovation in the hexamethylenediamine sector.

• Emerging Markets and Opportunities: Expanding into new geographies or exploiting emerging sectors of the Hexamethylenediamine industry provides opportunities for growth. Companies that recognize and capitalize on these emerging trends can gain a competitive advantage and expand their market presence.

• Strategic Partnerships and Collaborations: Collaborations and partnerships between industry players, research institutes and technology providers can drive innovation and accelerate market growth. These partnerships often allow companies to leverage additional strengths and resources to develop new products or enter new markets.

Key Players:

• BASF SE
• Invista
• Ascend Performance Materials
• Rennovia Inc.
• Toray Industries, Inc.
• Merck KGaA
• Solvay S.A.
• Radici Partecipazioni SpA
• Ashland Global Holdings Inc.
• Daihachi Chemical Industry Co., Ltd.
• Evonik Industries AG
• Alpek Polyester
• UBE Industries, Ltd.
• GENOMATICA, INC.
• Shandong Siqiang Chemical Group Co., Ltd.

Hexamethylene Diamine Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

5.49%

The Forecast Market

Size for in USD:

$11.45 Billion

Hexamethylene Diamine Market Segmentation:

By Type:

• AH Salt
• HD
• Others

By Application:

• Nylon Synthesis
• Coatings
• Adhesives
• Biomedical
• Other Applications

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Hexamethylene Diamine Market Opportunities:

• Growth in The Automotive Industry: Demand for nylon 6.6, which uses hexamethylenediamine as a key component, is increasing in the automotive industry to produce lightweight and fuel-efficient vehicles.

• Increasing Demand in The Textile Industry: Expansion of the textile industry and the use of hexamethylenediamine in the production of various synthetic fibers.

• Advances in Polymer Technology: Innovations in Polymer Applications and Development of New Materials Using Hexamethylenediamine.

• Increased Use in Coatings and Adhesives: Increasing use in the production of high-quality coatings and adhesives.

• Expansion in Emerging Markets: Industrial growth in emerging economies offers new opportunities for market expansion.

Hexamethylene Diamine Market Restraints:

• Fluctuation in Raw Material Prices: Fluctuations in raw material prices can affect production costs and profitability.

• Environmental and Regulatory Issues: Stringent environmental regulations and health concerns associated with the production and use of hexamethylenediamine.

• Availability of Substitutes: Availability of alternative materials that can replace hexamethylenediamine in certain applications.

• High Production Costs: Significant costs associated with the production process and technological requirements.

• Market Saturation in Developed Regions: Mature markets in developed countries may limit growth potential.

Hexamethylene Diamine Market TO (USD BN)

CAGR OF

5.49%

Hexamethylene Diamine Market

11.45 Billion %

Recent Development:

• June 7, 2024 CSSC Power (Group) Corporation Limited (CPGC) will install its advanced Onboard Carbon Capture System (OCCS) on multiple liquefied natural gas (LNG) carriers and utilize BASF’s OASE® blue technology.

• April 30, 2024 Ascend Performance Materials’ electrolyte additive for lithium-ion batteries has earned REACH approval in Korea, further expanding the availability of this unique material. 

• June 18, 2024 Toray Industries, Inc., announced today that it will launch three Toraysee™ Design Cloth designs from late June this year.

• May 28, 2024 UBE Corporation announced that its bio-composites (product name: Torrecot™), which were developed as a master batch using biomass materials, have obtained Biomass Mark certification from the third-party certification organization, Japan Organics Recycling Association (JORA).

Frequently Asked Questions (FAQs):

Q.1 How big is the Hexamethylenediamine Market? 

Ans: Hexamethylene Diamine Market size was valued at USD 7.70 Billion in 2023 and is expect to reach USD 11.45 Billion by 2032, growing at CAGR 5.49% (2024 to 2032).

Q.2 Who are the key players in Hexamethylenediamine Market?

Ans: BASF SE, Invista, Ascend Performance Materials, Rennovia Inc., Toray Industries, Inc., Merck KGaA, Solvay S.A., Radici Partecipazioni SpA, Ashland Global Holdings Inc., Daihachi Chemical Industry Co., Ltd., Evonik Industries AG, Alpek Polyester, UBE Industries, Ltd., GENOMATICA, INC., Shandong Siqiang Chemical Group Co., Ltd.

Q.3 Which region has the biggest share in Hexamethylenediamine Market?
Ans: Asia Pacific Region has the biggest share in Hexamethylenediamine Market.

Q.4 What is the Market Size for the year 2023 of Hexamethylenediamine Market?
Ans: USD 7.70 Billion is the market size for the year 2023 of Hexamethylenediamine Market.