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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Hexamine Market Outlook
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.
| Global Hexamine Market Report Summary | Description | Value |
| Base Year | KMT | 2023 |
| Historical Period | KMT | 2018-2023 |
| Forecast Period | KMT | 2024-2032 |
| Market Size 2023 | KMT | 637.78 |
| Market Size 2032 | KMT | 870.86 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.4% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 3.8% |
| CAGR 2024-2032 - Market by Country | India | 4.4% |
| CAGR 2024-2032 - Market by Country | Australia | 4.0% |
| CAGR 2024-2032 - Market by Grade | Unstabilized | 3.6% |
| CAGR 2024-2032 - Market by End Use | Pharmaceuticals | 4.0% |
| Market Share by Country 2023 | USA | 11.6% |
Growing Applications of the Product to Aid the Hexamine Market Growth
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.
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The Asia Pacific to Significantly Contribute to the Growth of the Hexamine 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: Market Segmentation
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.
| CAGR 2024-2032 - Market by | Grade |
| Unstabilized | 3.6% |
| Stabilized | XX% |
By grade, the market is bifurcated into:
- Stabilised
- Unstabilised
| CAGR 2024-2032 - Market by | End Use |
| Pharmaceuticals | 4.0% |
| Personal Care | 3.8% |
| Polymer and Plastics | 3.7% |
| Adhesives and Sealants | XX% |
| Leather and Textile | XX% |
| Others | XX% |
Based on application, the market can be segmented into:
- Polymer and Plastics
- Personal Care
- Pharmaceuticals
- Adhesives and Sealants
- Leather and Textile
- Paper
- Mining Explosives
- Others
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 3.8% |
| North America | 3.2% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
| CAGR 2024-2032 - Market by | Country |
| India | 4.4% |
| Australia | 4.0% |
| China | 3.9% |
| Mexico | 3.6% |
| Germany | 3.4% |
| USA | XX% |
| Canada | XX% |
| UK | 3.2% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| 2023 Market Share by | Country |
| USA | 11.6% |
| Canada | XX% |
| UK | XX% |
| Germany | XX% |
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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Expanding Pharmaceutical Sector to Favour the Hexamine Market Growth
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.
Key Players in the Global Hexamine Market
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:
- Kanoria Chemicals & Industries Ltd
- Ascend Performance Materials
- Ruixing Group Co., Ltd.
- Methanol Chemicals Company (Chemanol)
- Simalin Chemical Industries Pvt Ltd
- Others
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.
Key Highlights of the Report
| 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:
|
| Breakup by Grade |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| 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. |
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Hexamine Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
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.
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