1,6-Hexanediamine

Market Intelligence Report on 1,6-Hexanediamine (HDA) – Recent Commercial Dynamics

I. Price Dynamics
- **Recent Quotations**: According to Shengyishe (Business Society) data, the market price of 1,6-hexanediamine (Shanghai Invista, 160 kg/drum, 99.9% purity) in Jinan City, Shandong Province, was RMB 23,000.00 per metric ton as of July 1, 2026. Prices have exhibited a moderate upward trend recently. The 2025 industrial-grade average price stood at RMB 24,800/ton; in 2026, with increased proportion of high-purity products and enhanced supply stability of upstream adiponitrile, the average price is projected to rise slightly to RMB 25,300/ton.
- **Price Volatility Drivers**: The commissioning of new global adiponitrile capacity—particularly Invista’s second-phase 150,000-ton-per-year facility in Louisiana, USA—may trigger short-term price fluctuations. Low-cost exports from this facility into the Asia-Pacific region could exert pricing pressure on China’s mid-to-lower-tier domestic market.

II. Supply-Demand Situation
- **Supply Side**:
- **Domestic Capacity**: Wanhua Chemical’s integrated 100,000-ton-per-year HDA project has entered trial production, while Pingmei Shenma Group’s Phase II expansion facility has commenced operation. Total national HDA capacity is expected to exceed 380,000 tons/year.
- **Import Substitution**: Domestic self-sufficiency reached 86.4% in 2025. With Hengli Petrochemical’s fully integrated adiponitrile–HDA project achieving full commercial operation in 2026, self-sufficiency is projected to rise to 91.5%, directly expanding the domestic market size as import dependency declines.
- **Demand Side**:
- **Downstream Applications**: HDA is primarily used in nylon 66 resin, high-temperature polyamides, and electronic encapsulation materials. In 2025, consumption in the nylon 66 resin segment reached 620,000 tons. Demand from new-energy vehicle–related specialty polyurethane materials is forecasted to add 80,000 tons of incremental capacity requirements.
- **Demand Growth**: Pingmei Shenma’s nylon 66 chip production capacity will expand to 400,000 tons/year in 2026. Compound material suppliers—including Kingfa Technology and CGN Juner—anticipate a 35% year-on-year increase in procurement orders for specialty nylon compounds, translating to an estimated 76,000-ton incremental demand for HDA.

III. Market Characteristics & Competitive Landscape
- **Market Characteristics**:
- **Structural Diversification**: Output of high-purity (≥99.95%) electronic-grade HDA is projected to grow by 28.6%. Its penetration rate in emerging applications—such as bonding agents for semiconductor packaging substrates—is expected to rise from 8.4% in 2025 to 12.1%, signaling an industry-wide transition from scale-driven expansion toward high-technology-barrier, high-value-added development.
- **Policy Support**: The National Development and Reform Commission (NDRC) and Ministry of Industry and Information Technology (MIIT) jointly issued the *Catalogue of Priority New Materials for First-batch Application Demonstration (2025 Edition)*, listing HDA as a critical basic organic chemical intermediate. Eligible enterprises benefit from insurance premium subsidy policies under the “first-of-a-kind equipment” and “first-batch application” programs—up to 30% premium reimbursement when procuring HDA for high-end downstream applications.
- **Competitive Landscape**:
- **Leading Enterprises**: Wanhua Chemical, Shenma Industrial, and Huafeng Group—the top three players—are collectively adding 120,000 tons/year of HDA-integrated capacity in 2026. Industry concentration (CR3) is expected to increase from 63.5% in 2025 to 68.2% in 2026.
- **Enterprise Advantages**: Wanhua Chemical operates the world’s first industrial-scale butadiene-based adiponitrile plant, enabling end-to-end cost control across the entire value chain—from raw materials to HDA. Shenma Industrial leverages Pingmei Group’s coal resources and low-cost hydrogen supply to establish an energy-consumption barrier in hydrogenation purification. Huafeng Group focuses on R&D of electronic-grade HDA; in 2025, it secured supplier certification from CATL and BYD for battery adhesive applications. Gross margin in this niche segment reached 42.3%, significantly exceeding the 26.7% margin of commodity-grade products.

IV. Risk Factors
- **Capacity Release Pressure**: Concentrated global adiponitrile capacity additions in 2026 may cause short-term price volatility—especially from Invista’s Louisiana Phase II facility—as low-priced exports to the Asia-Pacific region could pressure China’s mid-to-lower-tier domestic market.
- **Tightening Environmental Regulation**: In 2025, the Ministry of Ecology and Environment included HDA in the *List of Key Toxic and Harmful Atmospheric Pollutants*, mandating VOCs (volatile organic compounds) abatement facility upgrades for all producers by end-2026. Average compliance investment per facility is estimated at RMB 28 million, intensifying exit pressure on small- and medium-sized manufacturers.

V. Analysis, Outlook & Forecast
- **Short Term (2026)**: Prices are expected to remain stable with a mild upward bias, supported by rising shares of premium products, improved upstream adiponitrile supply reliability, and resilient downstream demand growth. However, attention should be paid to potential competitive pressure on China’s mid-to-lower-tier markets stemming from overseas adiponitrile capacity releases.
- **Medium-to-Long Term (Post-2027)**: As China achieves breakthroughs across the full “adiponitrile–HDA–nylon 66” industrial chain, increasing domestic supply will alleviate import reliance and curb excessive price increases. Meanwhile, continuously tightening environmental regulation will accelerate industry consolidation; firms with strong upstream feedstock control, deep downstream application integration, and green process capabilities will capture definitive growth dividends.
- **Market Size**: China’s HDA market size is projected to reach RMB 4.68 billion in 2026, representing a 7.0% year-on-year growth. While overall growth remains steady, structural divergence is intensifying—with high-purity electronic-grade HDA emerging as the primary growth driver.