Market Overview:
Hexamethylene diisocyanate is a pale yellow liquid with a strong odor, it is an aliphatic diisocyanate. Aliphatic diisocyanates are used in special applications, such as enamel coatings which are resistant to abrasion and degradation from ultraviolet light. It is mainly used to make polyurethane foams and coatings. It is also used as a hardener in automobile and airplane paints.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Covestro (Germany), Bayer (Germany), Vencorex (France), BASF SE (Germany), Asahi Kasei Corporation (Japan), Tosoh (Japan), Wanhua (China), Huntsman International (United States) and Evonik Industries (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Hexamethylene Diisocyanate Market Study:
Covestro (Germany), Bayer (Germany), Vencorex (France), BASF SE (Germany), Asahi Kasei Corporation (Japan), Tosoh (Japan), Wanhua (China), Huntsman International (United States) and Evonik Industries (Germany)
Hexamethylene Diisocyanate Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Paints, Coating [Auto/Transportation, General Industrial, Materials (Non-Metallic) Coatings], Adhesive and Sealants, Elastomers and Others |
Industry Vertical | Automotive,Aerospace,Healthcare,Other |
Distribution Channel | Online,Offline |
Market Growth Drivers:
Increasing Aerospace and Military Sector Globally and Growing Health Care Industry in Emerging Countries
Challenges:
The Market Get Hampered due to its Health Side Effects such as Pulmonary Edema, Coughing, and Shortness of Breath
Restraints:
Fluctuation in the Prices of Raw Material
Opportunities:
Increasing Use for Industrial Coating Including Automobiles, Aircraft, Flooring, Furniture, Safety Equipment, Machinery, and Infrastructure Projects and Rising Demand from Healthcare Industry to Prepare Dental Materials, Contact Lenses, and Medical Adsorbents
Some of the other players that are also part of study are Mitsui Chemicals (Japan), Chemtura Corporation(United States) and Hebei Cangzhou Dahua Group (China). The Global Hexamethylene Diisocyanate market is gaining huge competition due to involvement of Germany companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In August 2019, BASF, Solvay and Domo Chemicals reached an agreement on the acquisition of Solvay’s polyamide business. In January 2019, the EU Commission approved the acquisition subject to certain conditions, including the divestiture of Solvay’s polyamide 6.6 production facilities in Europe.
In August 2019, BASF, Solvay and Domo Chemicals reached an agreement on the acquisition of Solvay’s polyamide business. In January 2019, the EU Commission approved the acquisition subject to certain conditions, including the divestiture of Solvay’s polyamide 6.6 production facilities in Europe.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hexamethylene Diisocyanate market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Hexamethylene Diisocyanate market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hexamethylene Diisocyanate Producer, Supplier/Distributor, Aerospace Industry, Automobile Industry, Chemical Industry and Research and Development Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.