Global Hexamine Market: Market Segments: By Type (Stabilized Grade, Unstabilized Grade; By Application (Resin, Rubber, Pharmaceutical, Explosive and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Hexamine, which is also known in consumer parlance as hexamethylenetetramine. It is a heterocyclic organic crystalline compound which is highly soluble in water and organic compounds, available in the form of a white crystalline powder. Industrially speaking, the reaction between ammonia and formaldehyde produces hexamine.
Global Hexamine Market is expected to project a notable CAGR of XX.X% in 2030.
Global Hexamine Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The key factors driving the growth of the hexamine market are the rising demand for the chemical from the end-use industries and its increasing use in the plastic industry.
Global Hexamine Market: Segments
Stabilized grade Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Hexamine Market is segmented by type into stabilized grade and unstabilized grade. The greater market share in 2019 was accounted for by unstabilized grade and management and is projected to attain the fastest growth. The growing use of this form in resins, rubber vulcanization, urinary antiseptics, fuel tablets, adhesives, coatings, and sealing compounds is the primary factor in the global market dominance of this category of products.
Global Hexamine Market: Market Dynamics
Growing demand from end use industries
Demand for hexamine, which is widely used to treat urinary tract infections, is powered by the booming pharmaceutical industry. The increased use of hexamine in the manufacturing of different organic compounds is driving the development of the hexamine industry. In addition, the increasing demand for rubber, especially in emerging regions such as the Asia Pacific region, is contributing significantly to the growth of the industry.
Stringent environmental norms
Highly soluble in water and organic solvents is the white crystalline heterocyclic organic compound, i.e., hexamine. There are, however, some side effects of taking it as a drug. Vomiting, diarrhoea, loss of appetite, and stomach cramps, rashes, swelling of the tongue, trouble breathing, and dizziness are the most common side effects of using this as a drug.
Global Hexamine Market: Regions
Global Hexamine Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Hexamine Market in Asia Pacific held the largest market share of XX.X% in the year 2019. One of the main factors contributing to the significant penetration of hexamine in the APAC market is the increased interest of investors and the transfer of the manufacturing sector from developed to developing countries such as India, China and Singapore. In the Asia Pacific region, the growth of the rubber, chemical and pharmaceutical industries is important, which in turn has led to an increase in demand for hexamine. In addition, growth in the polymer & plastics and textile industries, coupled with growing demand for adhesives and sealants from the Asia-Pacific construction industry, is expected to lead to a significant increase in demand for hexamine during the forecast period.
Global Hexamine Market: Key Players
• Interaction solution
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Kanoria Chemicals & Industries Ltd
• Mitsubishi Gas Chemical Company, Inc.
• Hexion Inc.
• Methanol Chemicals Company (Chemanol)
• Simalin Chemical Industries Pvt Ltd
Global Hexamine Market report also contains analysis on:
Global Hexamine Market:
• By Type:
o Stabilized grade
o Unstabilized grade
• By Application:
• Hexamine Market Dynamics
• Hexamine Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints