Showing posts with label Hexamine Market Challenges. Show all posts
Showing posts with label Hexamine Market Challenges. Show all posts

Hexamine Market Analysis with Key Players, Applications, Trends and Forecasts

The increasing requirement for hexamine in various sectors, such as rubber, fuel, pharmaceutical, and explosives, is positively impacting the hexamine niche. Hexamine is a white, crystalline compound that is formed by the chemical combination of formaldehyde with amine. The increasing population is resulting in the rising poverty rate due to the mismanagement of resources. This is causing an increase in urinary tract infections and neurological disorders. Hexamine is prescribed as an antibiotic to treat bacteriuria in such patients. 



The compound is also used in the production of vulcanized rubber tires. The automobile sector is expanding on account of the increasing vehicle sales due to the growing disposable income. Another factor aiding in the hexamine niche progress is the use of the compound by the plastics sector for manufacturing plastic sewage pipes used in construction projects. Hence, the hexamine niche is projected to advance during the forecast period due to the growth in the end-use sectors.

Globally, Asia-Pacific (APAC) has been the largest hexamine market, with a contribution of more than 50.0% revenue in 2017. It is also expected to be the fastest growing market during the forecast period, with 4.5% CAGR. Increasing demand for the chemical from different industries, such as rubber, resin, and pharmaceutical, is driving the growth of the market in the region.

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Of all application categories in the hexamine market, resin accounted for the highest consumption of the chemical, with a contribution of more than 50% in 2017. This is attributed to the fact that it acts as an important component in thermosetting the resin production by working as a curing agent.

The white crystalline heterocyclic organic compound, i.e., hexamine, is highly soluble in water and organic solvents. However, there are certain side effects of taking it as a medication. The most common side effects of taking this as a medication are vomiting, diarrhea, loss of appetite, and stomach cramps, rashes, swelling of tongue, difficulty in breathing, and dizziness. Thus, these effects act as a restraint to the growth of the hexamine market.
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What are the key strategies adopted by the major players to expand Hexamine Market share ?

The increasing requirement for hexamine in various sectors, such as rubber, fuel, pharmaceutical, and explosives, is positively impacting the hexamine niche. Hexamine is a white, crystalline compound that is formed by the chemical combination of formaldehyde with amine. The increasing population is resulting in the rising poverty rate due to the mismanagement of resources. This is causing an increase in urinary tract infections and neurological disorders. Hexamine is prescribed as an antibiotic to treat bacteriuria in such patients. 


The compound is also used in the production of vulcanized rubber tires. The automobile sector is expanding on account of the increasing vehicle sales due to the growing disposable income. Another factor aiding in the hexamine niche progress is the use of the compound by the plastics sector for manufacturing plastic sewage pipes used in construction projects. Hence, the hexamine niche is projected to advance during the forecast period due to the growth in the end-use sectors.

The unstabilized grade is the dominant type in the hexamine market, with an estimated contribution of more than 85.0% revenue in 2017. This can be attributed to the wide use of the chemical in the preservation of hides, as cross-linking agent for hardening phenol-formaldehyde resins and vulcanizing rubber, as corrosion inhibitor for steel, as dye fixative, and as urinary antiseptic, besides others.




Of all application categories in the hexamine market, resin accounted for the highest consumption of the chemical, with a contribution of more than 50% in 2017. This is attributed to the fact that it acts as an important component in thermosetting the resin production by working as a curing agent.

This chemical is used in the synthesis of plastics, and construction and packaging industries are the major end users of plastics. With the rise in population, there has been an increase in the construction projects, especially the sewage projects, attributing to the increased use of plastic pipes. Also, there has been rapid increase in the use of plastics from the packaging industry, owing to the expanding food, beverages, and pharmaceuticals industries. The increasing use of plastics from the construction and the packaging industries is expected to stimulate the hexamine market growth in the coming years.
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