Growing demand from different end use industries and increasing use from the plastic industry are the key factors driving the hexamine market growth. Hexamine is an organic chemical, mainly used as a hardening component in the production of phenolic formaldehyde resins, and related molding compounds. It is also known as methenamine, urotropine, formin, aminoform, or hexamethylenetetramine.
Insights into market segments
The unstabilized grade is the dominant type in the hexamine market, with an estimated contribution of more than 85.0% revenue in 2017. This can be attributed to the wide use of the chemical in the preservation of hides, as cross-linking agent for hardening phenol-formaldehyde resins and vulcanizing rubber, as corrosion inhibitor for steel, as dye fixative, and as urinary antiseptic, besides others.
Of all application categories in the hexamine market, resin accounted for the highest consumption of the chemical, with a contribution of more than 50% in 2017. This is attributed to the fact that it acts as an important component in thermosetting the resin production by working as a curing agent.
APAC seizes the leading position in the hexamine market
Globally, Asia-Pacific (APAC) has been the largest hexamine market, with a contribution of more than 50.0% revenue in 2017. It is also expected to be the fastest growing market during the forecast period, with 4.5% CAGR. Increasing demand for the chemical from different industries, such as rubber, resin, and pharmaceutical, is driving the growth of the market in the region.
Increasing demand in plastic industry is expected to drive the market growth
This chemical is used in the synthesis of plastics, and construction and packaging industries are the major end users of plastics. With the rise in population, there has been an increase in the construction projects, especially the sewage projects, attributing to the increased use of plastic pipes. Also, there has been rapid increase in the use of plastics from the packaging industry, owing to the expanding food, beverages, and pharmaceuticals industries. The increasing use of plastics from the construction and the packaging industries is expected to stimulate the hexamine market growth in the coming years.
Adverse health implications act as a restraint to market growth
The white crystalline heterocyclic organic compound, i.e., hexamine, is highly soluble in water and organic solvents. However, there are certain side effects of taking it as a medication. The most common side effects of taking this as a medication are vomiting, diarrhea, loss of appetite, and stomach cramps, rashes, swelling of tongue, difficulty in breathing, and dizziness. Thus, these effects act as a restraint to the growth of the hexamine market.
Hexamine market competitive landscape
PJSC Metafrax and INEOS Group Holdings S.A. are some of the major players with significant production capacity and prominent shares in the market. These companies are majorly serve the demand of European countries, and also export a certain quantity to other regions such as APAC.
Some of the other major players operating in the hexamine market are Hexion Inc., Sina Chemical Industries Company, “JSC” Shchekinoazat United Chemical Company, Simalin Chemical Industries Pvt Ltd., Mitsubishi Gas Chemical Company Inc., Chemanol (Methanol Chemicals Company), Shandong Dongping Tongda Imp. & Exp. Co. Ltd., Kanoria Chemicals & Industries Limited, Ascend Performance Materials, and Lanxess AG.
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type
1.3.2 Market Segmentation By Application
1.3.3 Market Segmentation By Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
126.96.36.199 By Region
188.8.131.52 By Industry Participant
184.108.40.206 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study
Chapter 3. Executive Summary
3.1 Voice Of Industry Experts/Kols
Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Type
220.127.116.11 Stabilized Grade
18.104.22.168 Unstabilized Grade
4.1.2 By Application
4.2 Value Chain Analysis
4.3 Market Dynamics
22.214.171.124 Increasing Hexamine Production In Apac
126.96.36.199 Growing Demand From End Use Industries
188.8.131.52 Increasing Use From The Plastics Industry
184.108.40.206 Impact Analysis Of Drivers On Market Forecast
220.127.116.11 Health Hazards Of Hexamine
18.104.22.168 Stringent Environmental Norms
22.214.171.124 Impact Analysis Of Restraints On Market Forecast
126.96.36.199 Increasing Demand For Hexamine From Developing Countries
Chapter 5. Global Market Size And Forecast
5.1 By Type
5.2 By Application
5.3 By Region
Chapter 6. North America Market Size And Forecast
6.1 By Type
6.2 By Application
6.3 By Country
Chapter 7. Europe Market Size And Forecast
7.1 By Type
7.2 By Application
7.3 By Country
Chapter 8. APAC Market Size And Forecast
8.1 By Type
8.2 By Application
8.3 By Country
Chapter 9. ROW Market Size And Forecast
9.1 By Type
9.2 By Application
9.3 By Country
Chapter 10. Competitive Landscape
10.1 Benchmarking Of Key Players
10.2 Market Share Analysis Of Key Players
10.3 Global Strategic Developments Of Key Players
Chapter 11. Production And Demand Analysis
11.1 Hexamine Production And Demand Analysis For Major Countries
11.2 Hexamine Production And Consumption Analysis Of Major Producers
11.2.6 Saudi Arabia
Chapter 12. Price Analysis
12.1 Raw Material Price
12.1.1 North America
12.2 Domestic Price Of Hexamine
12.2.1 North America
Chapter 13. Company Profiles
13.1 Ineos Group Holding S.A.
13.1.1 Business Overview
13.1.2 Product And Service Offerings
13.1.3 Key Financial Summary
13.2 Hexion Inc.
13.2.1 Business Overview
13.2.2 Product And Service Offerings
13.2.3 Key Financial Summary
13.3 Pjsc Metafrax
13.3.1 Business Overview
13.3.2 Product And Service Offerings
13.4 Sina Chemical Industries Company
13.4.1 Business Overview
13.4.2 Product And Service Offerings
13.5 “Jsc” Shchekinoazat United Chemical Company
13.5.1 Business Overview
13.5.2 Product And Service Offerings
13.6 Simalin Chemical Industries Pvt Ltd.
13.6.1 Business Overview
13.6.2 Product And Service Offerings
13.7 Mitsubishi Gas Chemical Company Inc.
13.7.1 Business Overview
13.7.2 Product And Service Offerings
13.7.3 Key Financial Summary
13.8 Chemanol (Methanol Chemicals Company)
13.8.1 Business Overview
13.8.2 Product And Service Offerings
13.8.3 Key Financial Summary
13.9 Shandong Dongping Tongda Imp. & Exp. Co. Ltd.
13.9.1 Business Overview
13.9.2 Product And Service Offerings
13.10 Kanoria Chemicals & Industries Limited
13.10.1 Business Overview
13.10.2 Product And Service Offerings
13.10.3 Key Financial Summary
13.11 Ascend Performance Materials
13.11.1 Business Overview
13.11.2 Product And Service Offerings
13.12 Lanxess Ag
13.12.1 Business Overview
13.12.2 Product And Service Offerings
13.12.3 Key Financial Summary
Chapter 14. Appendix
14.2 Sources And References
- INEOS Group Holding S.A.
- Hexion Inc.
- PJSC Metafrax
- Sina Chemical Industries Company
- “JSC” Shchekinoazat United Chemical Company
- Simalin Chemical Industries Pvt Ltd.
- Mitsubishi Gas Chemical Company Inc.
- Chemanol (Methanol Chemicals Company)
- Shandong Dongping Tongda Imp. & Exp. Co. Ltd.
- Kanoria Chemicals & Industries Limited
- Ascend Performance Materials
- Lanxess AG.