Toluene diisocyanate manufacturer News The growing demand for automobile lightweighting drives the increase in hexamethylenediamine production

The growing demand for automobile lightweighting drives the increase in hexamethylenediamine production

The growing demand for automotive lightweighting drives the increase in hexamethylenediamine production

Hexamethylenediamine is a chemical substance with the chemical formula H2N(CH2)6NH2 and a molecular weight of 116.21. Hexamethylenediamine is used in organic synthesis and polymerization of polymer compounds. It is mainly used in the production of polyamides, such as nylon 66, nylon 610, etc. It is also used in the synthesis of diisocyanates, and used as urea-formaldehyde resin, epoxy resin, etc. Curing agent, organic cross-linking agent, etc. Industrial Research Center issued the 2022 Global and China VI “In-depth research report on methylene diamine industry” shows that the global market size of hexamethylene diamine will grow from US$9.1 billion in 2022 to US$12.1 billion in 2027. During the forecast period The compound annual growth rate may reach 5.9%.

In recent years, nylon 66 has emerged rapidly as a substitute for various aluminum products and other metal products, especially in the automotive industry. Nylon 66 has replaced metals in many applications, driving the growth of the hexamethylenediamine market size . In 2020, the global hexamethylenediamine market was greatly affected by the outbreak of the COVID-19 epidemic. Major manufacturing companies suspended production due to force majeure factors, and its compound annual growth rate dropped significantly. Driven by the demand for auto parts in 2021, the hexamethylenediamine market has witnessed a recovery, which has had a positive impact on the growth of the market size.

The automotive field is estimated to be the fastest growing market

Automotive is the largest end-use industry for hexamethylenediamine. Hexamethylenediamine is mainly used in the synthesis of nylon 66 and is widely used in the automotive parts industry, such as connectors and housings, under-hood parts, wheel wells and lighting parts, as well as headlight structural casings, front More and more automotive parts, such as headlights and fog lights, reflectors and lighting sockets, are using nylon 66 as a material, promoting the application of hexamethylenediamine in the automotive field.

The automotive industry prefers plastic products and components based on nylon 66, a lightweight and high-performance material. Hence, growth in the automotive industry across regions is expected to drive demand for nylon-based products and components, which is expected to further drive the hexamethylene diamine market

​​ ​North America is the largest and fastest market for hexamethylenediamine

North America is expected to account for the largest share of the global hexamethylene diamine market in 2022, with the United States and Mexico dominating the regional hexamethylene diamine market. The North American hexamethylenediamine market is expanding owing to the expansion of the automotive industry in the region. However, the Asia-Pacific hexamethylenediamine market is expected to grow at the fastest CAGR during the forecast period.

Key competitors in the global hexamethylenediamine market include: BASF AG (Germany), Merck & Co. (Germany), Toray Industries (Japan), Evonik (Germany), and DuPont de Nemours AG (U.S. )wait.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.allhdi.com/archives/31209

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