Global Hexamine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hexamine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hexamine is a white hygroscopic crystalline powder or colorless and shiny diamond crystal, which is flammable. It is mainly used as a curing agent for resins and plastics, as a catalyst and foaming agent for amino plastics, as an accelerator for rubber vulcanization (accelerant H), anti-shrinking agent for textiles and so on.

Market Overview:

The latest research study on the global Hexamine market finds that the global Hexamine market reached a value of USD 335.45 million in 2022. It’s expected that the market will achieve USD 474.24 million by 2028, exhibiting a CAGR of 5.94% during the forecast period.

Opportunities and Drivers

The development of Hexamine's wide range of uses, and the growth in these downstream applications, provide opportunities for the market.
Hexamine is mainly used as a curing agent for resins and plastics, a catalyst and foaming agent for amino plastics, an accelerator for rubber vulcanization (accelerator H), and an anti-shrinking agent for textiles.
Hexamine is also a raw material for organic synthesis and is used in the pharmaceutical industry to produce chloramphenicol.
It can also be used as a disinfectant for the urinary system. It has no antibacterial effect and is effective against Gram-negative bacteria.
Used in the manufacture of pesticides and pesticides. Hexamethylenetetramine interacts with fuming nitric acid to produce highly explosive cyclone explosives, referred to as RDX. Hexamethylenetetramine can also be used as a reagent and chromatographic analysis reagent for the determination of bismuth, indium, manganese, cobalt, thallium, platinum, magnesium, lithium, copper, uranium, beryllium, tellurium, bromide, iodide and the like. Hexamine is also a commonly used military fuel.

Challenges

The health and environmental hazards caused by hexamine are challenges in the market. Health hazard: Under production conditions, it mainly causes dermatitis and eczema. The rash is mostly pleomorphic and itchy. It is initially limited to the contact area and can spread later, even throughout the body. Environmental hazards: This product has a danger of explosion, flammable, corrosive, and can cause burns.

Region Overview:

Geographically, China held the largest market share – 47.78% in 2022.

Company Overview:

Ruixing Group is one of the major players operating in the Hexamine market, holding a share of 12.26% in 2023.

Segmentation Overview:

As for product types, the Unstable Grade segment held the largest market share in 2022.

Application Overview:

By application, the Synthetic Resin Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hexamine market covered in Chapter 3:

Sina Chemical
Caldic
MGC
Chemanol
Copenor
Yangmei Fengxi Fertilizer
Hexion
Metafrax
KCI
Xiangrui Chemical
Prefere Resins
Shchekinoazot
Feno Resinas
Yuhang Chemical
Ruixing Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Hexamine market from 2018 to 2029 is primarily split into:

Stable Grade
Unstable Grade
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hexamine market from 2018 to 2029 covers:

Synthetic Resin Industry
Rubber Industry
Textile Industry
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)