1,6-Diaminohexane Market Size (2024 – 2030)

The 1,6-Diaminohexane Market was valued at USD 7.5 billion in 2023 and is projected to reach a market size of USD 11.35 billion by the end of 2030. Over the forecast period of 2024-2030, the market is estimated to grow at a CAGR of 6.1%. 

Hexamethylenediamine is an organic compound that has the chemical formula C6H16N2. It is also named as HMDA or 1,6-diaminohexane. Hexamethylenediamine is a diamine, meaning it constitutes two amino groups (-NH2) attached to a six-carbon chain. It is a transparent liquid with a strong amine odour.

Hexamethylenediamine is majorly used as a building block in the production of many other polymers, particularly nylon-6,6. It is a key monomer in the synthesis of this variety of nylon, which finds applications in textiles, engineering plastics, and other industrial products. In the nylon-6,6 polymerization process, hexamethylenediamine reacts with adipic acid to create the repeating units of the polymer chain. Apart from its role in nylon production, hexamethylenediamine is also utilized as a curing agent for epoxy resins, a corrosion inhibitor, a cross-connecting agent in certain coatings, and a chemical intermediate in the synthesis of pharmaceuticals and other organic compounds. The hexamethylenediamine market is directed by the demand for nylon-6,6 and its applications in several industries. Factors such as industrial development, regional dynamics, and environmental considerations mold the market landscape, while competitive strategies and technological upgrades contribute to its growth and evolution.

Key Market Insights:

The escalating demand for nylon applications is a key factor driving the market growth. Furthermore, the increasing demand for personal care products and the expanding pharmaceutical industry is expected to further propel the growth of the 1,6-Diaminohexane market. 

Furthermore, the rising adoption of sustainable and eco-friendly products is also estimated to boost market growth. Overall, the market outlook for 1,6-Diaminohexane remains positive, with a steady development in demand anticipated in the future.

1,6-Diaminohexane Market Drivers:

Growing hexamethylenediamine demand for the production of lubricants

One of the key forces pushing the hexamethylenediamine market's expansion is the rising demand for hexamethylenediamine in the manufacture of lubricants. The hexamethylenediamine market has widened as a result of rising demand for the automotive industry, chainsaw oil, engine oil, grease, and other lubricants. Equally significant and steadily expanding year over year is the market for engine oils, which are primarily required to lubricate internal combustion engines (ICEs) to guarantee that powertrains operate smoothly.

With the aftermarket included, the application of engine oil in developing nations like India exceeds 2.5 billion liters annually and is rising by 2.0% to 2.5% annually. Grease formulations secured against moisture contamination, false brinelling at -55 degrees Fahrenheit, fretting corrosion, and other hazards. Hence, this is expected to enhance market value during the forecast period

1,6-Diaminohexane Market Restraints and Challenges:

Accessibility to alternatives hinders market growth.

Although hexamethylenediamine is a key component in the production of nylon-6,6, there are substitute materials available in the market. Some of these alternatives, such as bio-based or recycled materials, are earning attention due to their environmental benefits. The obtainability of such alternatives may pose a hurdle to the growth of the hexamethylenediamine industry. Additionally, volatility in raw material price and environmental issues pose a major challenge. Hexamethylenediamine production depends on raw materials such as adiponitrile. Instability in the prices of these raw materials can result in the overall manufacturing cost of hexamethylenediamine. Price volatility can affect the profitability of manufacturers and reduce the hexamethylenediamine industry growth. In addition, hexamethylenediamine is a chemical compound, and its production and handling throw environmental and health risks if not handled properly. Stringent environmental rules and concerns about worker safety may impose compliance charges on manufacturers, affecting production and supply. Therefore, volatility in raw material prices and environmental issues pose a major challenge to the growth of the market over the predicted period.

1,6-Diaminohexane Market Opportunities:

Technological advancements and product innovations along with growing government encouragement offer a significant opportunity.

The hexamethylenediamine market has majorly benefited from technological development and product innovation. The advent of new manufacturing methods as a result of ongoing research and development has enhanced product quality while lowering production costs. For example, improved yields and reduced energy use have been made possible through the development of more effective catalysts and manufacturing methods.

These developments have been accomplished by publicly financed research initiatives like the materials science grants offered by the National Science Foundation. The hexamethylenediamine market has grown exponentially as a result of government efforts and policies, which have been quite significant. Governments in many areas have encouraged manufacturers to take part in the creation and development of HMDA by enabling favorable legislation, subsidies, and tax incentives.

Government programs that support environment-friendly products and lower carbon footprints have also raised demand for hexamethylenediamine. For example, the Green Deal of the European Union has encouraged the application of ecologically friendly products, such as HMDA, leading to pushing market demand.

1,6-DIAMINOHEXANE MARKET REPORT COVERAGE:

1,6-Diaminohexane Market Segmentation: By Type

• Purity Above 90%

• Purity Above 99%

• Other

The 1,6-Diaminohexane market can be segmented into three types: Purity above 90%, Purity above 99%, and other markets. Purity above 90% points to the segment where the compound is available with a minimum purity level of 90%. A purity above 99% defines a higher level of purity, ensuring a minimum concentration of 99%. The “Other market” area encompasses all other segments that do not fall under the aforementioned purity levels. These divisions assist in providing choices to customers based on their specific quality requirements.

1,6-Diaminohexane Market Segmentation: By Application

• Polyamide Resins

• Isocyanates

• Epoxy Resin Curing Agents

• Others

The 1,6-Diaminohexane market finds its primary application in the production of polyamide resins, isocyanates, epoxy resin curing agents, and other related products. Polyamide resins, famously known as nylon resins, are widely utilised in various industries including automotive, construction, and electrical and electronics. Isocyanates are significant in the manufacturing of polyurethane products such as foams, coatings, and adhesives. Epoxy resin curing agents are usually used in coatings and adhesives, providing excellent adhesion, durability, and chemical resistance. Overall, the market for 1,6-Diaminohexane serves as a pivotal component in the production of various industrial materials.

1,6-Diaminohexane Market Segmentation: By Region

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

The global 1,6-diaminohexane market is poised to witness substantial growth in the future years. North America, with the competition of key market players and growing industrial sectors, is projected to dominate the market. The region's well-established chemical industry and enhanced demand for nylon 6,6 are the major forces driving market growth. Similarly, Europe is expected to showcase significant growth due to the rising demand for specialty chemicals. Moreover, Asia Pacific, particularly China and the US, are poised to represent promising growth due to the expanding industrial sector and considerable capital expenditure in R&D activities

COVID-19 Impact Analysis on the 1,6-Diaminohexane Market:

Outbreak of COVID-19 posed crucial challenges in all the sectors including 1,6-Diaminohexane Market sector across the globe. It has resulted in the negative growth of the 1,6-Diaminohexane services as supply chain disruptions due to trade regulations and restrictions affected the product demand. 

Latest Trends:

Applications in various range of End-User industries

1,6-Hexanediamine is an organic compound that belongs to the group of aliphatic amines. It is primarily utilised as a building block in the production of various polymers, including nylon 6,6 and polyurethane. It is also added in the manufacturing of coatings, adhesives, and resins. The 1,6-Hexanediamine Market is predicted to face substantial growth in the coming years. The rising demand for nylon 6,6 in various industries like automotive, textile, and packaging is expected to boost the market growth. Nylon 6,6 is extensively used in the production of fibres and engineering plastics due to its excellent mechanical properties and resistance to heat, chemicals, and abrasion. The rising demand for these applications is likely to boost the demand for 1,6-Hexanediamine.

Moreover, the growing Automotive industry, particularly in emerging countries, is expected to create significant opportunities for the market players. The application of nylon 6,6 in automotive parts such as air ducts, fuel systems, and engine components enhances the durability and performance of the vehicles. This, in turn, propels the demand for 1,6-Hexanediamine. In addition, the increasing focus on sustainable and bio-based polymers is another trend exhibited in the 1,6-Hexanediamine Market. Manufacturers are deploying research and development activities to develop bio-based alternatives for nylon 6,6. This trend is driven by the necessity to reduce dependence on fossil fuel resources and lower carbon emissions.

Key Players:

1. Ascend

2. BASF

3. INVISTA

4. China Shenma Group

5. RadiciGroup

6. Toray

7. Anshan Guorui Chemical

8. Domo Chemicals.

Recent Developments

• Ascend, formerly called as Solutia, is a leading producer of 1,6-Hexanediamine which has a strong presence in the market and recently launched a diversified product portfolio. Ascend has observed steady market growth over the years, primarily due to its strong customer relationships, technological expertise, and worldwide reach.
• INVISTA, a subsidiary of Koch Industries, is also a major player in the 1,6-Hexanediamine market. The company is a global player in integrated fibres and polymers and has a strong eye on innovation and sustainability. INVISTA has a long history of providing high-quality products and has built a strong brand in the market. The company has been expanding its production capacity in recent years to meet the growing demand for 1,6-Hexanediamine and other ancillary products.