Industrial Grade 1,6-Diaminohexane Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 0.65 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The Industrial Grade 1,6-Diaminohexane market experienced significant growth from 2018 to 2022, driven by its applications in industries like automotive, chemicals, and pharmaceuticals. During this period, the demand for 1,6-Diaminohexane, commonly known as hexamethylenediamine (HMDA), surged due to its crucial role in manufacturing nylon 6,6, a polymer with extensive use in textiles, plastics, and automotive parts. With an increasing focus on sustainable practices and the demand for lightweight materials in the automotive sector, the market witnessed a steady increase in production and sales. According to industry experts, the global Industrial Grade 1,6-Diaminohexane market expanded at a compound annual growth rate (CAGR) of 4.5% between 2018 and 2022.
Hexamethylenediamine’s versatility in the production of resins, coatings, and curing agents made it a key player in the chemical manufacturing space. Furthermore, the rise in consumer demand for eco-friendly products also contributed to this growth. The market saw increased interest from the Asia-Pacific region, especially China and India, which became major consumers of industrial-grade 1,6-Diaminohexane for their expanding industrial sectors.
Looking ahead to 2023 to 2033, the demand for Industrial Grade 1,6-Diaminohexane is expected to continue its upward trajectory, although at a slightly slower pace. Key factors influencing this growth include increasing industrialization in emerging economies, particularly in Africa and Latin America, as well as advances in biopolymer development that are expected to reduce reliance on traditional petrochemical products. The growing trend of renewable energy and green technologies is set to drive innovations in polymer materials, further boosting the demand for 1,6-Diaminohexane. However, potential challenges in terms of raw material supply and regulatory concerns could slow down market expansion.
Additionally, a shift towards more sustainable manufacturing practices and a greater focus on circular economy principles may influence the production processes of Industrial Grade 1,6-Diaminohexane. As consumers and industries demand more environmentally friendly options, manufacturers are likely to invest in bio-based alternatives and eco-conscious production methods, which may impact future demand. Furthermore, technological advancements in the automotive and textile industries are expected to provide new opportunities for 1,6-Diaminohexane applications.
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Toray Industries
Ascend Performance Materials
BASF
Invista
Domo Chemicals
Shenma Industrial
RadiciGroup
Anshan Guorui Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Grade 1,6-Diaminohexane Market
Textile
Automotive
Others
Based on Types the Market is categorized into Below types that held the largest Industrial Grade 1,6-Diaminohexane market share In 2023.
Purity≥90%
Purity≥99%
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Grade 1,6-Diaminohexane Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Grade 1,6-Diaminohexane Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Grade 1,6-Diaminohexane Market, By Type
6. Global Industrial Grade 1,6-Diaminohexane Market, By Application
7. Global Industrial Grade 1,6-Diaminohexane Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Grade 1,6-Diaminohexane Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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