Hexamine Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.

Los Angeles, CA -- (SBWire) -- 12/04/2019 --The global Hexamine market is anticipated to witness significant growth in the coming years owing to surge in the demand for Hexamine from various industries such as pharmaceutical, chemical, agrochemical, and polymer. Hexamine is deployed in the manufacturing of chemical compounds such as plastics, solid fuel tablets, slurry explosives, paints, foundry resins, textiles, and rubber additives. Increase in the production of Hexamine, particularly in the developing countries, is a key trend emerging in the market.

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Manufacturers to Set up Various Formalin Plants to Derive Hexamine

The report studies the key companies of the Hexamine market including Hexion Inc., INEOS Group Holding S.A., PJSC Metafrax, "JSC" Shchekinoazat United Chemical Company, Sina Chemical Industries Company, Simalin Chemical Industries Pvt Ltd., Chemanol (Methanol Chemicals Company), Mitsubishi Gas Chemical Company Inc., Shandong Dongping Tongda Imp. & Exp. Co. Ltd., Ascend Performance Materials, Kanoria Chemicals & Industries Limited, and Lanxess AG.

Market Segmentation

By Type

? Stabilized Grade

? Unstabilized Grade

By Application

? Resin

? Rubber

? Pharmaceutical

? Explosive

Usage of Unstabilized grade is expected to increase in coating and adhesive and sealant applications. Stabilized grade may find application as a chemical intermediate in the process industry as per the requirements of the customer. The market analysts have predicted that the application of Hexamine is expected to increase as a curing agent for resins and plastics.

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Widespread Application of Hexamine to act as a Key Driver in the Market

Increasing applications of Hexamine including resins, pharmaceutical, fuels, explosives, textiles, and rubber is supporting the Hexamine market growth to a great extent. Increasing usage of the chemical for the treatment of urinary tract infection and neurological diseases is one of the key factors driving the Hexamine market.

By Region

The market in Asia Pacific is witnessing increased demand for Hexamine from varied applications. Moreover, growing plastic industry, wherein Hexamine is used as a feedstock, is contributing to the Hexamine market growth in this region. It has been observed that the production of Hexamine is on the rise in the developing countries such as India, thus opening doors for the regional market.