DUBLIN, September 20, 2021 / PRNewswire / – The “Global Hexamine Market Report and Forecast 2021-2026” has been added to ResearchAndMarkets.com offer.

The global hexamine market has reached a value of $ 369.8 million in 2020. Aided by the increasing demand for the product from various end-use sectors, the market is expected to continue growing at a CAGR of 6.5% between 2021 and 2026 to reach a value of $ 585.6 million by 2026.

Hexamine or hexamethylenetetramine (HMTA) is defined as a heterocyclic compound which is available as a white crystalline powder and has a cage-like structure resembling adamantane. It has a fishy or ammonia odor, has a density of 1.33 g / cm3 (at 20 C) and is very soluble in water. Industrially, hexamine is produced by the reaction between ammonia and formaldehyde. Based on the shape, it is divided into unstabilized and stabilized. Each form has a different set of applications. Hexamine is used in the production of liquid and powder formulations of phenolic resins. It is also used as a binder in clutch and brake linings.

The hexamine market is driven by the increasing application of the product in various end-use industries such as pharmaceutical, textile, agrochemical and rubber industry among others. In the pharmaceutical industry, the downstream product of hexamine, known as Hexamine Hippurate, is used to suppress or eliminate urinary bacteria associated with chronic or recurrent infection. Therefore, the increase in UTI cases, especially among the geriatric population, is likely to propel the demand for hexamine during the forecast period. The market will be driven by the growing demand for agrochemicals such as herbicides, fungicides and insecticides, as hexamine is the key raw material for their production. Hexamine is used in the production of phenolic resins, which is expected to see significant demand in the adhesives and sealants industry, which will further increase the growth of the market.

In terms of region, the Asia Pacific occupies a significant share of the market and is expected to experience considerable growth during the forecast period. The region’s market is driven by the growing demand for hexamine as a food preservative in the food industry. The market will be further helped by the growing demand for hexamine from the booming construction industry in countries like China and India, due to the increase in population and the increase in the disposable income of citizens.

The market report analyzes the market based on segmentations such as ratings, applications, and major regions.

By grade, the market is divided into:

Depending on the application, the industry can be segmented into:

• Polymers and plastics
• Personal care
• Medications
• Adhesives and sealants
• Leather and textile
• Paper
• Mining explosives
• Others

Regional hexamine markets include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The report examines the market shares, plant rotations, capacities, investments, and mergers and acquisitions, among other major developments, of key industry players.

Some of the major market players explored in the report are:

• Kanoria Chemicals & Industries Ltd
• Mitsubishi Gas Chemical Company, Inc.
• Hexion inc.
• Methanol Chemicals Company (Chemanol)
• Simalin Chemical Industries Pvt Ltd

Main topics covered:

1 Preface

2 Report Coverage – Key Segmentation and Scope

3 Description of the report

4 key assumptions

5 Executive summary

6 Snapshot

7 Industry opportunities and challenges

8 Analysis of the world market in France

9 Regional analysis

10 Market dynamics

11 Value chain analysis

12 Price analysis

13 Competitive landscape

• Kanoria Chemicals & Industries Ltd
• Mitsubishi Gas Chemical Company, Inc.
• Hexion inc.
• Methanol Chemicals Company (Chemanol)
• Simalin Chemical Industries Pvt Ltd

14 industry events and developments

For more information on this report, visit https://www.researchandmarkets.com/r/9kyezr

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