DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Hexamethylenediamine Market- Segmented by End-User Industries, Application and Geography - Trends and Forecasts (2016 - 2021)" report to their offering.
Hexamethylenediamine (HMDA) is an industrial intermediate, mainly used for the formation of nylon 66. Nearly all of HMDA is consumed for this purpose, thereby, tying its consumption market to the global nylon demand market. Nylon 66 is very strong and has high-temperature resistance, making it useful for various industries like textile, plastic, fiber and automotive industries.
The market is mainly driven by the increasing consumption of nylon 66 by various industries, with automotive being a major industry. The growing use of nylon, instead of metal, for various body parts of automobiles will have a direct positive impact on the HMDA market. Its use in coatings, as well, is expected to boost the market. However, the market faces certain drawbacks such as growing environmental concerns and fluctuation in raw material prices. These factors may act as a roadblock to the growth of the market.
During the forecast period 2016 and 2021, the worldwide demand is expected to increase slowly, at an estimated 3 %, annually. At present, North America leads the market in HMDA consumption, mainly due to the USA being the market leader; followed by Asia-Pacific and Europe. Regarding growth, Asian countries like China and Taiwan are leading the market mainly due to low labor costs. Due to its fast growth, the Asian market is expected to overtake the North American market during the forecast period.
Some of the major companies dominating this market for hexamethylenediamine production and uses are:
- Toray Industries, Inc.
- BASF SE
- Solvay Group
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis (Market Size, Growth and Forecast)
7. Competitive Landscape
8. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/xzqq7c/global