Hexamine Market

Market Overview:

The global hexamine market size reached US$ 444.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 629.3 Million by 2032, exhibiting a growth rate (CAGR) of 3.94% during 2024-2032.

Also known as hexamethylenetetramine (HMT), hexamine is an organic heterocyclic compound with a chemical formula of C₆H₁₂N_4. It is an odorless white crystalline powder with a cage-like structure that is highly soluble in water and polar organic solvents. It is prepared by treating aqueous formaldehyde with ammonia and evaporating and crystallizing the solid product. It is widely utilized as a hardening compound in the formulation of phenolic resins and phenolic resin molding compounds. Besides this, it is also employed as a binder in the manufacturing of brake and clutch linings, abrasive products, non-woven textiles, and fireproof materials.

Hexamine Market Trends:

Hexamine is a clean and reproducible fire source, which is increasingly being adopted by fire-protection laboratories to test the flammability of rugs and carpets. This, in confluence with the rising need for safeguarding the environment, represents one of the key factors positively influencing the demand for hexamine across the globe. Apart from this, it assists in determining the identity of an unknown solute in a solution. As a result, it finds extensive application as a versatile reagent during several chemical reactions, such as Duff, Delepine, and Sommelet. Furthermore, there is an increase in the demand for agrochemicals, such as herbicides, fungicides and insecticides, which have hexamine as a major raw material. Furthermore, the rising adoption of the hexamine compound in the production of lightweight and portable fuel tablets used by campers, hobbyists, and the relief and military organizations to heat camp food or military rations is contributing to the market growth. Additionally, the growing utilization of hexamine in treating chronic urinary tract infections on account of its antiseptic properties is anticipated to create a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hexamine market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on grade, function and application.

Breakup by Grade:

• Stabilized Grade
• Unstabilized Grade
   

Breakup by Function:

• Antioxidants
• Modifiers
• Inhibitors
• Chemical Intermediates
• Others
   

Breakup by Application:

• Resin
• Paints and Coatings
• Rubber
• Pharmaceuticals
• Explosive
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Sina Chemical Industries Company.

Report Coverage: