LONDON, July 14, 2015 /PRNewswire/ -- The report covers the important hexamethylenediamine global markets. It further divides the market on the basis of applications, and geography. The market data for these types is given with respect to volume (kilo tons) and value (USD Million). The market value of hexamethylenediamine was estimated at $2,904.2 million in 2014 and is projected to reach a CAGR of about 3.4% from 2014 to 2019. The data mentioned in the report is based on the global demand for the hexamethylenediamine market.
The total market for global hexamethylenediamine has been analyzed based on the Porter's five forces model. This gives an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to hexamethylenediamine raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players, which contribute to the global hexamethylenediamine industry.
The impact of different market factors, such as drivers, inhibitors, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as increased demand in the nylon 66 resin industry, growing polyamide 66 market and high hexamethylenediamine consumption. Besides, it also explains how one of the mature markets such as fornylon fiber restrains the market growth. The economic slowdown in Europe also affected the economy of other developed countries that are of key importance for the commercial success of new materials and its end-user market.
The global hexamethylenediamine market is also classified based on different applications. The important applications include polyamide 66, coatings and biocides. The polyamide 66 market is expected to show rapid growth in the future.
The key companies in this market are BASF SE (Germany), Arkema (France), Asahi Kasei Corporation (Japan), Ivonik Industries AG (Germany), Formosa Plastic Corporation (Taiwan) and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serve the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in the year 2013 & 2014 that are driving the demand of hexamethylenediamine. Their strategy to capture the market in developing economies includes expansions and agreements.
The North American region emerged to be the driving factor for this market, contributing for about 41% of the global demand in terms of consumption in 2014. The U.S. is a leading country in terms of consumption of hexamethylenediamine, due to the availability of cheaper raw materials and low labour cost. The important emerging economies such as the U.S.,Germany, China and Latin America are expected to grow in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading hexamethylenediamine companies. Furthermore, different hexamethylenediamine market participants are also profiled in the report.
Scope of the report
The global hexamethylenediamine market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of applications:
- Polyamide 66
Each application is described in detail in the report with volume and revenue forecasts for each application.
On the basis of geography:
- North America
The market is further analyzed into key countries.
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