According to the latest report by IMARC Group, titled “Hexamine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global hexamine market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Hexamine, also known as hexamethylenetetramine (HMT), represents an organic heterocyclic compound with the chemical formula C6H12N4. It is an odorless white crystalline powder that is highly soluble in water and polar organic solvents. Hexamine is prepared by treating aqueous formaldehyde with ammonia and evaporating and crystallizing the solid product. It is commonly used as a hardening compound in phenolic resins and phenolic resin molding compounds. Hexamine is also utilized as a binder in brake and clutch linings, abrasive products, non-woven textiles, fireproof materials, etc.
The rising adoption of hexamine by fire protection laboratories to test the flammability of carpets and rugs is driving the hexamine market across the globe. Additionally, hexamine also finds numerous applications as a versatile reagent during several chemical reactions, such as Duff, Sommelet, Delepine, etc. Besides this, there is an escalating demand for agrochemicals, including herbicides, fungicides, insecticides, etc., which use hexamine as a significant raw material. Additionally, the increasing adoption of the hexamine compound in the production of lightweight and portable fuel tablets for campers and military organizations to heat rations is acting as another growth-inducing factor. Apart from this, the rising utilization of hexamine in treating chronic urinary tract infections due to its antiseptic properties is further projected to catalyze the hexamine market in the coming years.
Hexamine Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global hexamine market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ascend Performance Materials LLC
- Chemanol (Methanol Chemicals Company)
- Hexion Inc.
- INEOS Group Limited
- Kanoria Chemicals & Industries Ltd.
- Kothari Phytochemicals & Industries Ltd.
- Lanxess AG
- Mitsubishi Gas Chemical Company Inc
- Newton Engineering & Chemicals Ltd.
- PJSC Metafrax Chemicals
- Shandong Dongping Tongda Import and Export Co. Ltd.
- Simalin Chemical Industries Pvt Ltd
- Sina Chemical Industries Company
Key Market Segmentation:
The report has segmented the global hexamine market on the basis of grade, function, application and region.
Breakup by Grade:
- Stabilized Grade
- Unstabilized Grade
Breakup by Function:
- Chemical Intermediates
Breakup by Application:
- Paints and Coatings
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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