Market Size of Hexamethylenediamine Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 1.40 Million tons |
| Market Volume (2029) | 1.73 Million tons |
| CAGR (2024 - 2029) | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Hexamethylenediamine Market Analysis
The Hexamethylenediamine Market size is estimated at 1.40 Million tons in 2024, and is expected to reach 1.73 Million tons by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the market for hexamethylenediamine. The nationwide lockdowns in several countries and the labor shortage due to social distancing measures resulted in the suspension of manufacturing sites for automotive vehicles, which affected the market for hexamethylenediamine. However, post-COVID pandemic, the market for hexamethylenediamine recovered well due to increasing demand from textile and automotive end-user industries.
- The increasing consumption of Nylon 66 resins and the rising demand for hexamethylenediamine in the automotive and textile industries are expected to drive the market for Hexamethylenediamine.
- The usage of castor oil as an alternative raw material for the nylon production process is expected to hinder market growth.
- The increasing demand for bio-based hexamethylenediamine products is expected to create opportunities for the market during the forecast period.
- The Asia-Pacific region is expected to dominate the market due to the rising demand for hexamethylenediamine from textile and automotive end-user industries.
