Asia
In the third quarter of 2025, Hexamethylenediamine (HMDA) prices in Asia moved lower due to weak downstream demand and oversupply in the region. The slow construction sector in countries like China and India, affected by extreme weather and monsoon disruptions, reduced the need for coatings, adhesives, and nylon intermediates made from HMDA.
Many buyers purchased only limited quantities to manage existing inventories, while producers faced rising stock levels and weaker margins. Feedstock costs, particularly from naphtha based raw materials, stayed low as crude oil prices softened amid higher global supply, further pressuring the overall market sentiment.
Europe
In Europe, HMDA prices also stayed under pressure throughout Q3’25. Seasonal slowdowns, especially during the summer holidays, led to reduced industrial activity and lower consumption in the construction and automotive sectors. Producers faced limited export opportunities as trade barriers and tariffs from key markets like the U.S. made European products less competitive.
The market also saw steady inventories with limited restocking activity, as buyers adopted a cautious stance due to uncertain demand. Overall, weak domestic consumption and reduced international trade kept the regional market subdued.
North America
In North America, market conditions for HMDA remained soft but stable. The slowdown in industrial consumption and muted construction activity weighed on demand, particularly for downstream applications. While local producers managed to maintain supply, competition from low-cost Asian imports and oversupply in the global market added pricing pressure.
Some chemical manufacturers adjusted operations or cut costs to balance weak margins. Overall, the U.S. market mirrored the global sentiment of slow demand and restrained trading activity.