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The global hexamine market attained a volume of 637.78 KMT in 2023. The market is estimated to grow at a CAGR of 3.4% during 2024-2032 to reach a volume of 870.86 KMT by 2032.
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Hexamine has applications in a wide range of sectors. It is widely used as a curing agent for resins and plastics and also serves as a foaming agent and a promoter for rubber vulcanisation. Other applications of hexamine involve its use as a catalyst for aminoplasts and as an anti-shrinking agent for textiles, among others. Based on grade, hexamine is available in stabilized and unstabilized form, each of which has a different set of applications. While unstabilized form is preferred for coating and adhesive and sealant applications, the stabilized form is most widely utilised as a chemical intermediate in the process industry. The growth of the process industry and expanding applications of the product are aiding the growth of the market.
The Asia Pacific is expected to account for a significant share in the market over the forecast period. The growth can be attributed to the robust expansion of the major end use sectors, particularly rubber, chemical, and pharmaceutical industries. The growing demand of hexamine from emerging nations like India and China is significantly contributing to the market growth. Moreover, the growing construction activities in the region are driving the demand for adhesives and sealants, which will also propel the growth of the hexamine market. Other significant regions for the product include North America and Europe.
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Hexamine, also known as hexamethylenetetramine (HMTA), is a heterocyclic organic compound. It is available in the form of a white crystalline powder and has a cage-like structure resembling adamantane. It is highly soluble in water and is used as a building block in the synthesis of various compounds. It is obtained via the reaction between ammonia and formaldehyde.
By grade, the market is bifurcated into:
Based on application, the market can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The thriving pharmaceutical industry is driving the demand for hexamine, which is commonly used in treating urinary tract infection. Within the pharmaceutical sector, the demand for topical creams and ointments is rising to cure skin infections, such as impetigo and infected wounds. Hexamine finds use in these creams to inhibit the growth of bacteria and prevent them from spreading. The other uses of hexamine in the pharmaceutical sector include its application as stabilisingand crosslinking agent to increase the shelf life of pharmaceutical products. It is added to formulations to stop the breakdown of active ingredients.
Over the forecast period, the growing investments by the key players in mergers and acquisitions and capacity expansion are expected to have a positive effect on the hexamine market expansion. However, the stringent government regulations regarding the use of hexamine, particularly in developed nations, may restrain the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global hexamine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Grade |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hexamine Market Analysis
8.1 Key Industry Highlights
8.2 Global Hexamine Historical Market (2018-2023)
8.3 Global Hexamine Market Forecast (2024-2032)
8.4 Global Hexamine Market by Grade
8.4.1 Stabilised
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Unstabilised
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Hexamine Market by Application
8.5.1 Polymer and Plastics
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Personal Care
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceuticals
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Adhesives and Sealants
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Leather and Textile
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Paper
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Mining Explosives
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Hexamine Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Hexamine Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hexamine Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hexamine Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hexamine Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hexamine Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Kanoria Chemicals & Industries Ltd
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Ascend Performance Materials
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Ruixing Group Co., Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Methanol Chemicals Company (Chemanol)
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Simalin Chemical Industries Pvt Ltd
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hexamine Market: Key Industry Highlights, 2018 and 2032
2. Global Hexamine Historical Market: Breakup by Grade (USD Million), 2018-2023
3. Global Hexamine Market Forecast: Breakup by Grade (USD Million), 2024-2032
4. Global Hexamine Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Hexamine Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Hexamine Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Hexamine Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Hexamine Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Hexamine Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Hexamine Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Hexamine Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Hexamine Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Hexamine Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Hexamine Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Hexamine Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Hexamine Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Hexamine Market Forecast: Breakup by Country (USD Million), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2032
19. Europe Historical Price Trends and Forecast 2018-2032
20. Asia Pacific Historical Price Trends and Forecast 2018-2032
21. Latin America Historical Price Trends and Forecast 2018-2032
22. Middle East and Africa Historical Price Trends and Forecast 2018-2032
23. Global Hexamine Market Structure
The global hexamine market is projected to grow at a CAGR of 3.4% between 2023 and 2032.
The major market drivers include the thriving pharmaceutical sector, the rising demand for rubber vulcanisation, growing construction activities, increasing demand for personal care products, the expanding chemical sector, and growing technological advancements.
The increasing use of hexamine in the production of various organic compounds, the rising utilisation of plastics and polymers, the growing investments by key players in capacity expansion and mergers and acquisition activities are the key trends guiding the market development.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of hexamine in the market are stabilised and unstabilised.
The major applications of hexamine include polymer and plastics, personal care, pharmaceuticals, adhesives and sealants, leather and textile, paper, and mining explosives, among others.
The major players in the market are Kanoria Chemicals & Industries Ltd, Ascend Performance Materials, Ruixing Group Co., Ltd., Methanol Chemicals Company (Chemanol), Simalin Chemical Industries Pvt Ltd, among others.
Global Hexamine Market Report and Forecast 2024-2032’, the global hexamine market attained a volume of 637.78 KMT in 2023. Aided by the growing demand for the product from various end-use sectors, the market is projected to further grow at a CAGR of 3.4% between 2024 and 2032 to reach a volume of 870.86 KMT by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on grade, the market is divided into stabilised and unstabilised. By application, the market is segmented into polymer and plastics, personal care, pharmaceuticals, adhesives and sealants, leather and textile, paper, and mining explosives, among others. The major regional markets for hexamine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Kanoria Chemicals & Industries Ltd, Ascend Performance Materials, Ruixing Group Co., Ltd., Methanol Chemicals Company (Chemanol), Simalin Chemical Industries Pvt Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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