Hexamine Market Scope
Hexamine, Also Known as Hexamethylenetetramine, Urotropin, and Methenamine, is an Organic Compound with the Chemical Formula (CH2)6N4. It is a White Crystalline With a Web-like structure Which is Highly Soluble in Water and Polar Organic Solvents. It is Useful in the Production of many Chemical Compounds, Plastics, Pharmaceuticals and Rubber Additives. Hexamine is Prepared Industrially by the reaction of Formaldehyde and Ammonia. The Reaction Can be Conducted in Gas Phase or in Solution.
According to AMA, the Global Hexamine market is expected to see growth rate of 5.25%
The Hexamine market is highly fragmented with the presence of many players worldwide. Some of the leading players are adopting some organic and inorganic strategies such as a merger, acquisition, expansion, new product launches, among others in order to gain leading share within the market. Also, there are opportunities for new players for expansion. Research Analyst at AMA estimates that United States and Chinese Vendors will contribute to the maximum growth of Global Hexamine market throughout the predicted period.
Hexion (United States), Hubei Aoks Bio-Tech Co.Ltd (China), Shandong Baovi Energy Technology Co.Ltd. (China), Jungar Banner Xinrong Chemicals Co.Ltd. (China), Shandong Pulisi Chemical Co.Ltd(China), Hainan Zhongxin Chemical Co.Ltd (China), Metafrax (Russia), Ineos (United Kingdom), Shchekinoazot JSC (Russia) and Chemanol (Saudi Arabia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Jinan Shijitongda Chemical Co.Ltd. (China), Zibo Aiheng New Material Co. Ltd (China), Shenyu (Shandong) Energy Development Co.Ltd. (China), Mudanjiang Fengda Chemicals Imp. & Exp. Corp. (China), anoria Chemicals and Industries Limited (India), Simalin (India), Sina Chemicals (Iran), KH Chemicals (Netherlands) and Metadynea (Switzerland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Hexamine market by Type (Stabilized Grade, Unstabilized Grade and Others), by Application (Synthetic Resin Industry, Rubber Industry, Textile Industry and Others) and Region with country level break-up.
On the basis of geography, the market of Hexamine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Fast Urbanisation Will Further Boost the Reliance of Leading Industries Like Automotive, Chemicals, and Pharmaceuticals on Hexamine, Thus Increasing the Market of Hexamine.
Market Drivers
- Booming Plastic, Textile, Agrochemicals Industries That Use Hexamine as an Intermediate Product for Manufacturing a Wide Variety of Useful Products.
- Increased Prevalence of Urinary Diseases has Boosted the Usage of Hexamine for its Antibiotic Applications.
Opportunities
- Fast Urbanisation Will Further Boost the Reliance of Leading Industries Like Automotive, Chemicals, and Pharmaceuticals on Hexamine, Thus Increasing the Market of Hexamine.
Restraints
- Stringent Government Regulations in Many Countries Regarding Import, Export, and Usage of Hexamine May Hamper the Growth of Hexamine Market.
Challenges
- Cautious Handling of Hexamine Owing to Hazardous Nature of It.
- Unauthorized Usage of Hexamine For Production of Explosives Like RDX May Hinder Its Growth.
Key Target Audience
Hexamine Manufacturing Companies, Hexamine Exporters/Importers, Hexamine Traders/Distributors, Upstream Vendors, Downstream Vendors, Regulatory and Government Bodies and Others