According to the new market research report the Hexamethylenediamine Market report defines and segments the concerned market with analysis and forecast of revenue. This market is projected to reach $3,425.6 million by 2019 at a CAGR Of 3.4% from 2014 to 2019.
The North American region is expected to dominate this market with its growing demand for hexamethylenediamine in different applications, especially the polyamide 66, coatings and biocides industry. The North America and European markets are estimated to show a rising growth in the next five years with respect to the allied industries in the market.
Investments and expansions are some of the key strategies employed by this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications in this market in order to match the future demand from various end-user industries.
As an industrial intermediate, HMDA is also used to react with other chemicals to form reactive coating components, scale and corrosion inhibitors, and other chemical products such as: HMD Isocyanate – reactive coating additive 1, 6-Hexanediol – a monomer in the manufacture of polyurethanes and polyesters.
The North America region is the largest market both in terms of volume and value, followed by Europe and Asia-Pacific. China, India, U.S., Germany and Brazil are expected to remain persistently strong in this market. The key players in the global hexamethylenediamine market are BASF SE (Germany), Arkema (France), Asahi Kasei Corporation (Japan), Ivonik Industries AG (Germany), Formosa Plastic Corporation (Taiwan) and others.
The hexamethylenediamine demand in terms of value and volume depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The market value of the global hexamethylenediamine market (2014) was $2,904.2 million and is estimated to reach $3,425.6 million by 2019, at a CAGR of 3.4%, from 2014 to 2019. The high demand across the industries, such as polyamide 66, coatings and biocides industries will increase the overall consumption of hexamethylenediamine.
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