Hexamethylenediamine Market

Hexamethylenediamine (HMDA) is a chemical compound with the formula H2N (CH2)6NH2. Hexamethylenediamine is made up of a hexamethylene hydrocarbon chain that ends in an amine functional group. It is a white solid with a strong amine odor that is comparable to pipiridine. It is derived from adiponitrile and has a wide range of applications in the chemical industry. Almost 90% of the hexamethylenediamine produced is used in the manufacturing of nylon 66. Hexamethylenediamine is used in non-nylon applications such as high-performance polyurethane paints, petrochemical additives, coatings and epoxy curing agents. It is also used as a corrosion and scale inhibitor in water treatment plants. Hexamethylenediamine is not only used in the production of nylon 66, but it is also employed in the creation of nylon 612, nylon 69 and nylon 610. Because of the green movement, the need for bio-based hexamethylenediamine for the production of nylon 66 has increased throughout the years. The hexamethylenediamine market can be divided into applications such as coatings, synthesis, biocides and others. The hexamethylenediamine market has been segmented by end user into fiber, plastic, textile, automotive and others.

COVID-19 Impact analysis

• The hexamethylenediamine market was negatively affected due to the outbreak of COVID-19 pandemic.
• The industries such fiber, plastic, textile, automotive and others were shut down during the COVID-19 pandemic this decreases the demand for hexamethylenediamine which affected the hexamethylenediamine market.
• The COVID-19 pandemic has caused the imposition of lockdown due to which the production of hexamethylenediamine decreased and the global supply chain was affected, this decreased the demand for hexamethylenediamine market.
• The hexamethylenediamine market faced downfall of revenue due to the COVID-19 pandemic. 

Top Impacting Factors

Hexamethylenediamine is primarily used in the manufacturing of nylon 66 resins and thread. As a result, an increase in demand for nylon 66 will boost the hexamethylenediamine industry. Nylon 66 is becoming a substitute for a variety of metals in a variety of applications, particularly in the automobile industry, where nylon has replaced a variety of metals. Over the last several years, there has been a considerable growth in demand for bio-based nylon resins, thus companies are focusing on developing bio-based production technology for the production of hexamethylenediamine. The only differentiating factors for bio-based hexamethylenediamine production are raw material prices, cost effectiveness, and the manufacturing process.  The extreme increased need for nylon 66 by various end-user sectors, the demand for nylon synthesis is expanding. Nylon 66 is used to make Nylon 66 is used to make automotive parts and other components such as airbags, oil pans, rocker covers, air intake manifolds, electro insulating elements and radiator end tanks. Hexamethylenediamine is somewhat hazardous, and direct contact with the substance during its processing can cause eye damage and skin burns. Additionally, the American Conference of Governmental Industrial Hygienists (ACGIH) and the European Chemicals Agency (ECHA) have listed it as a dangerous material. This restriction is projected to hamper the global hexamethylenediamine market.

Market Trends

• The Asia Pacific hexamethylenediamine market is predicted to grow rapidly due to the expansion of the automotive and other manufacturing industries. Because of low labor costs, simple availability of raw materials, and low production costs, major nylon producers are seeking to relocate their manufacturing bases to Asia Pacific's developing markets such as India, Taiwan and China.
• North America is a significant user of hexamethylenediamine, which is mainly used in the manufacture of nylon 66. The rising demand for fiber is boosting the expansion of hexamethylenediamine in this region.
• The European market is likely to increase rapidly. This can be related to the increased use of hexamethylenediamine in the production of automobile components and lubricants.
• Market players are adopting many strategies such as acquisition, mergers, contract, agreement and partnership to expand their business.

Key Benefits of the Report

• This study presents the analytical depiction of the Hexamethylenediamine industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Hexamethylenediamine market share.
• The current market is quantitatively analyzed to highlight the Hexamethylenediamine market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed Hexamethylenediamine market analysis based on competitive intensity and how the competition will take shape in coming years.

 Hexamethylenediamine Market Report Highlights