Hexamethylenediamine (HMDA) Market Size, Share, Industry, Forecast and outlook (2024-2031)

Hexamethylenediamine (HMDA) Market is segmented By Application (Nylon Synthesis, Paints & Coatings, Automotive, Petrochemical), By End-User (Textile, Paints & Coatings, Automotive, Petrochemical), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Hexamethylenediamine (HMDA) Market Size

The Global Hexamethylenediamine (HMDA) Market reached USD 8.5 billion in 2022 and is expected to reach USD 12.8 billion by 2030, growing with a CAGR of 5.4% during the forecast period 2024-2031.

Hexamethylenediamine (HMDA) is a vital chemical compound used in various industries, including textiles, coatings, adhesives, and plastics. With its unique properties and wide-ranging applications, HMDA has become a significant component in the manufacturing sector. 

The compound finds extensive utilization as a building block for synthesizing various polymers, such as nylon 66 and polyurethane. Its excellent properties, including high melting point, thermal stability, and corrosion resistance, contribute to its widespread adoption across industries. The Hexamethylenediamine Market is expected to witness a significant upward market trend in the coming years, driven by the expanding end-use sectors and the rising demand for high-performance polymers.

The increasing focus on sustainable and eco-friendly materials will also likely introduce opportunities in the HMDA market. Furthermore, advancements in production technologies and the development of bio-based alternatives may shape the industry’s future landscape.

Asia-Pacific is the most significant region in the Global Hexamethylenediamine (HMDA) Market covering more than 1/3rd of the market share. Further, the textile segment is the fastest growing segment in the Market, close to reaching almost 1/4th of the market share in the application segment due to increasing demand for nylon 66.

Market Scope

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Market Dynamics

Technological Advancements and Product Innovations coupled with Favorable Government Initiatives

Technological advancements and product innovations have played a significant role in boosting the hexamethylenediamine market. Continuous research and development efforts have led to the introduction of advanced manufacturing processes, resulting in improved product quality and reduced production costs. For instance, the development of more efficient catalysts and production methods has contributed to enhanced yields and reduced energy consumption. Government-funded research programs, such as the National Science Foundation's grants for materials science, have supported these advancements.

Government initiatives and policies have also played a crucial role in driving the growth of the hexamethylenediamine market. Supportive regulations, subsidies, and tax incentives provided by governments across various regions have encouraged manufacturers to invest in the production and development of HMDA. 

Additionally, government initiatives promoting sustainable materials and reducing carbon footprints have further bolstered the demand for hexamethylenediamine. For example, the European Union's Green Deal has incentivized the adoption of environmentally friendly materials, including HMDA, resulting in increased market demand.

Increasing Use of Hexamethylenediamine to Manufacture Nylon 66

Textile and plastics also use nylon 66 extensively. The growth in these end-user verticals will boost the demand for nylon 66. Further, the automotive segment is anticipated to grow substantially over the years. Nylon 66 manufactures automotive parts and other components, such as rocker covers, airbags, radiator end tanks, oil pans, air intake manifolds and electro-insulating elements.

The increasing focus on reducing vehicle weight to reduce fuel efficiency and lower emissions is leveraging the production of lightweight and heavy-duty commercial vehicles globally. Nylon is extremely lightweight and ideal for the application above. 

Therefore, automotive is the leading end-user in nylon 66. The production growth will also increase demand for hexamethylenediamine lubricants and nylon vehicle tires. Thus, the development of nylon 66 is a significant driver that will inadvertently boost the need for the hexamethylenediamine market.

Corrosive Nature of HMDA and its Health Impacts

Hexamethylenediamine is a low-melting solid, colorless organic compound used in various commercial and industrial sectors. Hexamethylenediamine is used as a curing agent, chemical intermediate and corrosion inhibitor. Sulfated ethoxylated hexamethylenediamine quaternized is used as an ingredient in fabric detergents. 

If consumed, it is a corrosive compound that can severely impact the eyes and skin and may damage the liver and kidneys.

Furthermore, hexamethylenediamine is a highly corrosive chemical and a hazardous substance that can affect breathing and damage the liver, kidneys and lungs. 

Therefore, workers are advised to wear protective work clothing to prevent hexamethylenediamine hazards. Additionally, governments apply strict rules and regulations on environmental concerns regarding the disposal of plastic, which can slowly hamper the growth of the target market. 

Regulatory regulations governing the manufacturing of products from hexamethylenediamine and the emerging need to research and develop better substitutes are challenging in the hexamethylenediamine market.

Market Segmentation Analysis

The Global Hexamethylenediamine (HMDA) Market is segmented based on application, end-user and region.

Increasing Use of Nylon Fibers in Textile Industry

The Hexamethylenediamine market by end-user is further segmented into textile, paints & coatings, automotive, petrochemical and others. The textile segment covered a large area of hexamethylenediamine. It is a chemical compound widely used in the textile industry as a raw material for producing nylon fibers and fabrics. 

The demand for HMDA in the textile industry has grown in recent years due to the increasing use of nylon fibers in various applications such as clothing, industrial fabrics, and automotive textiles.

Another important advantage of using nylon fibers in the textile industry is their high strength and durability. Nylon fibers are highly resistant to abrasion and can withstand high-stress levels, making them ideal for industrial fabrics, automotive textiles and clothing applications. 

Additionally, nylon fibers are highly resistant to chemicals, UV radiation and microorganisms, making them suitable for outdoor applications. Another reason for the growing demand for HMDA in the textile industry is the increasing use of nylon fibers in sportswear and outdoor clothing production. 

Nylon fibers are highly breathable and moisture-wicking, making them ideal for sportswear and outdoor clothing; this is particularly important for outdoor activities such as hiking, camping, and skiing, where clothing needs to be lightweight, durable and comfortable.

Market Geographical Share

The Increasing Demand for HMDA from Automotive and Other Manufacturing Industries in Asia-Pacific

Asia-Pacific is expected to grow strongly due to automotive and other manufacturing industries. The major manufacturers of nylon are planning to shift their manufacturing bases in the growing economies of Asia-Pacific, such as India, China and Taiwan, owing to low-cost labor and easy availability of raw materials at a cheap production cost. China is leading in Asia-Pacific due to its world-leading manufacturing industry. Many global corporations across various industrial domains are based in China.

China and India are leading global producers of plastics, chemicals, petrochemicals and personal care. The highly skilled workforce, huge customer base and easy access to raw materials have propelled the region's industrial development. Many foreign investors commenced manufacturing facilities in the area due to low production costs. It is the one major factor contributing to the hexamethylenediamine market growth in Asia-Pacific.

Market Players

The major global players include BASF SE, Asahi Kasei Corporation, Ascend Performance Materials, Compass Chemical, Evonik Industries AG, Solvay SA, Merck KGaA, Du Pont De Nemours Inc., Invista and Ashland Global Holdings, Inc.

COVID-19 Impact on Market 

COVID Impact

The COVID-19 pandemic had an uneven impact on the global hexamethylenediamine market. The various industries instituted remote work from home (WFH) was initiatives by multiple sectors to ensure the continuity of operations during the pandemic. Manufacturing was closed during the pandemic, so plastic and rubber production is prohibited. Trade restrictions, breaking supply chains, government restrictions on manufacturing products and global lockdowns can affect plastic and rubber demand.

Further, with the government movement restrictions and lockdowns, the development of new products was slowed considerably. It also hampered the ability of petrochemical companies to respond to supply chains giving much more challenging. However, the pandemic will not impact the long-term growth prospects of the Global Hexamethylenediamine Market since growing textile and paints & coatings will rise in the coming years. The demand for hexamethylenediamine remains strong and is expected to grow gradually in the coming years.

Key Developments

• On January 17, 2022, BASF announced to build of a new hexamethylene diamine (HMD) plant in France. The new plant is set to improve BASF’s annual HMD production capacity to 260,000 metric tons. Production is expected to start in 2024. Furthermore, BASF announced it to expand its polyamide 6.6 production in Freiburg, Germany, beginning in 2022.
• On May 10, 2023, Asahi Kasei partnered with Microwave Chemical to launch a demonstration project capable of manufacturing adipic acid and hexamethylenediamine by recycling polyamide 66 using the microwave.
• On January 12, 2022, Chinese materials manufacturer Ascend Performance Materials announced the construction of a new specialty chemicals and hexamethylenediamine plant in Lianyungang, China. The company intends to improve its domestic supply by constructing the plant above. 

Why Purchase the Report?

• To visualize the Global Hexamethylenediamine (HMDA) Market segmentation based on application, end-user and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous hexamethylenediamine (HMDA) market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Hexamethylenediamine (HMDA) Market Report Would Provide Approximately 50 Tables, 52 Figures And 210 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies