Hexamethylenediamine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Hexamethylenediamine Market is segmented by Application (Nylon Production, Intermediate for Coatings, Biocides, and Other Applications), End-user Industry (Textile, Fiber, Plastics, Automotive, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Hexamethylenediamine Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The hexamethylenediamine market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

The market was negatively impacted due to COVID-19 in 2020. Owing to the pandemic scenario, several countries around the world went into lockdown, which completely disrupted the supply and demand scenario. The major end-user industries of hexamethylenediamine such as textiles, automotive, and others were severely affected. As per the International Organization of Motor Vehicle Manufacturers (OICA), the total production of vehicles decreased by 16%, from 91.79 million in 2019 to 77.62 million in 2020. However, the market condition is expected to recover in 2021, which will restore the growth trajectory of the market studied during the forecast period.

  • Over the short term, the increasing consumption of nylon 66 resins is driving the growth of the market. Increasing stringent norms for the treatment of sewage water and industrial waste to curtail pollution is another major driver for the market studied.
  • On the flip side, the development of bio-based alternatives for nylon production and the negative impact of the COVID-19 pandemic hinder the market's growth.
  • Among the applications, nylon production is likely to witness the highest growth rate during the forecast period.
  • Asia-Pacific is expected to witness the highest growth rate during the forecast period.

Scope of the Report

Hexamethylenediamine is the organic compound consisting of a hexamethylene hydrocarbon chain terminated with amine functional groups. The hexamethylenediamine market is segmented by application, end-user industry, and geography. By application, the market is segmented into nylon production, intermediate for coatings, biocides, and other applications. By end-user industry, market is segmented into textile, fiber, plastics, automotive, and other end-user industries. The report also offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).

Application
Nylon Production
Intermediate for Coatings
Biocides
Other Applications
End-user Industry
Textile
Fiber
Plastics
Automotive
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Nylon Production Application to Dominate the Market

  • A high amount of hexamethylenediamine produced is consumed for the manufacturing of nylon 66.
  • The adoption of nylon 66 can be seen in the automotive, textiles, and packaging end-user sectors.
  • The focus to reduce vehicle weight for greater fuel efficiency and lower emissions will increase the demand for lightweight composite nylon resins in automotive under-the-hood components.
  • Additionally, the demand for nylon tire cord fabric is also growing at a steady rate, driven by the production of light and heavy commercial vehicles.
  • Hence, despite the fall in global automotive production, the production of nylon 66 fiber applications is expected to dominate the market.
  • Furthermore, the growing demand for electric vehicles is expected to create the demand for nylon 66. The changing emission policies and strict regulations are likely to further create an opportunity for electric vehicles over the coming years. Growing consumers hesitate to buy vehicles with engines having more emissions than electric vehicles and prefer to buy electric vehicles with upcoming technologies.
  • According to the IEA, in 2030, global electric vehicle sales are expected to reach 125 million as per the New Policies Scenario (excluding two/three-wheelers). In the [email protected] Scenario, in 2030, around 70% of the vehicle sales in China are expected to be EVs. Also, half of the vehicles sold in Europe are EVs, 37% in Japan, 30% in Canada and the United States, and 29% in India.
  • All the aforementioned factors are expected to drive the market over the forecast period.
Hexamethylenediamine Market Share

Asia-Pacific to Dominate the Market

  • Asia-Pacific is currently the major consumer of hexamethylenediamine, among other regions.
  • This consumption is supported by investments, technology advancements, and expansions by various end-user industries like textiles, plastics, etc.
  • China, India, Japan, and South Korea are the key countries contributing to the high demand for hexamethylenediamine in the Asia-Pacific region.
  • The textile industry in China is booming, with increasing investments and government support from the 13th Five Year Plan. The Chinese government is planning Xinjiang as the hotbed for textile and apparel manufacturing, and it has invested USD 8 billion. It is expected that China's northwest region is to become the country's largest textile production base by 2030.
  • However, the automotive industry is witnessing a slump with a decline of 7.5% in 2019 with total vehicle production of 25.72 million, compared to the previous year, as per the International Organization of Motor Vehicle Manufacturers (OICA). Moreover, in 2020, the production further reduced by 2%, with 25.22 million compared to 2019. This is anticipated to impact the hexamethylenediamine market.
  • According to the India Brand Equity Foundation, India’s textile and apparel exports stood at USD 38.70 billion in FY19, and it is expected to increase to USD 82.00 billion by 2021 from USD 22.95 billion in FY20 (up to November 2019). This is also expected to aid the market studied over the forecast period.
  • As per the OICA, the total production of vehicles in India decreased by 25%, from 4.52 million in 2019 to 3.39 million in 2020. This is expected to impact the market studied adversely.
  • Furthermore, there has been a significant increase in the demand for hexamethylenediamine from southeast Asian countries like Taiwan, Indonesia, Malaysia, etc., for usage in various industries in the recent past.
  • Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to dominate the market studied during the forecast period.
Hexamethylenediamine Market Growth By Region

Competitive Landscape

The hexamethylenediamine market is moderately consolidated, as most of the market share is divided among few players. Some of the key players in the market include BASF SE, Asahi Kasei Corporation, Evonik Industries AG, Invista, and TORAY INDUSTRIES INC., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Consumption of Nylon 66 Resins

      2. 4.1.2 Increasing Stringent Norms for Treatment of Sewage Water and Industrial Waste to Curtail Pollution

    2. 4.2 Restraints

      1. 4.2.1 Development of Bio-based Alternatives for Nylon Production

      2. 4.2.2 Negative Impact of the COVID-19 Pandemic

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Nylon Production

      2. 5.1.2 Intermediate for Coatings

      3. 5.1.3 Biocides

      4. 5.1.4 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Textile

      2. 5.2.2 Fiber

      3. 5.2.3 Plastics

      4. 5.2.4 Automotive

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Asahi Kasei Corporation

      2. 6.4.2 Ascend Performance Materials

      3. 6.4.3 BASF SE

      4. 6.4.4 Evonik Industries AG

      5. 6.4.5 Genomatica Inc.

      6. 6.4.6 Invista

      7. 6.4.7 Merck KGaA

      8. 6.4.8 Radici Partecipazioni SpA

      9. 6.4.9 Shenma Industrial Co. Ltd

      10. 6.4.10 TORAY INDUSTRIES INC.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Hexamethylenediamine Market market is studied from 2016 - 2026.

The Hexamethylenediamine Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Evonik Industries AG, INVISTA, BASF SE, TORAY INDUSTRIES INC., Asahi Kasei Corporation are the major companies operating in Hexamethylenediamine Market.

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