[Online Quarterly Update] Alkyl Amine Market experienced considerable growth as its demand reached 1.94 million tonnes in 2021 and the hydrocarbon is expected to achieve a healthy CAGR of 4.62% during the forecast period (2023-35).
Amines are basically derivatives of Ammonia. If one or more than one hydrogen of Ammonia is replaced with alkyl substituents, then it is called Alkyl Amine. On the basis of type, Alkyl Amine market is segmented into Methyl Amine, Ethyl Amine & Higher Alkyl Amines (Propyl Amine, Butyl Amine ,Cyclohexyl Amine & Others). The smallest member of group is methylamines. It is further classified into MMA (monomethylamine), DMA (dimethylamine) and TMA (trimethylamine) based on the number of methyl group replaced by Hydrogen of ammonia. They are produced by reacting Ammonia with methanol over a fixed bed silica-alumina catalyst.
The major method for producing ethyleneamines is by the reaction.of Ammonia with ethylene dichloride to give ethylenediamine and its higher homologues which are diethylenetriamine, triethylenetetramine, and tetraethylenepentamine. Another method to produce Ethyl Amines is by reaction of ammonia with monoethanolamine under high pressure.
The increasing demand for Alkyl Amines in various industries to produce Pharmaceuticals, & Agrochemicals is driving the market around the world. The increasing usage of methyl & ethyl amines in the pharmaceutical sector for making drugs and formulations like Ephedrine & Remdesivir is expected to register a CAGR of 9% in the forecast period.
Another alkyl amine, Methyl amines find applications in the making of pesticides, explosives & surfactants. It is used for tanning purposes in dying industry. Other uses of alkyl amine include its use as solvent, polymerization inhibitor, components of paint removers, rocket propellant and in the making of various specialities chemicals like methamphetamine. Ethyl amines find applications in the making of lubricants and fuel additives, epoxy hardeners, wet strength resins, carbamate fungicides, chelating agents, bleaching agents & many more. It is a chief ingredient of crop protection chemicals.
On the basis of end-use, the market is segregated into pharmaceuticals, agrochemicals, paints & dyes, water treatment chemicals, rubber chemicals and others. Among these, the pharmaceutical sector dominated the Alkyl Amine market across the globe with a market share of 51.27% and is expected to maintain its dominance in the anticipated period as well. The agrochemicals segment is also expected to witness robust growth in the next few years, which will further boost the demand for Alkyl Amine in the future.
Among different regions, the Asia Pacific region dominated the Alkyl Amine market in 2021 with a share of 64.34% and is likely to maintain its dominance in the forecast period as well. The increasing consumption of Alkyl Amine in growing populated regions of China, India, & Southeast Asian nations due to its high demand in pharmaceuticals & agriculture is driving the Alkyl Amine market across the Asia Pacific region. Followed by the APAC region, North America & Europe holds the second and third largest share of Alkyl Amine in terms of demand.
Major players operating in the Alkyl Amine market include Huntsman Corporation (Global), Eastman Chemicals (Global), AkzoNobel (Global), BASF SE (Global), Anyang Jiutian Fine Chemical Co. Ltd. (China), Alkyl Amines Chemicals Ltd. (India), DuPont de Nemours, Inc. (USA), US Amines (USA), Balaji Amines Ltd. (India), Tosoh Corporation (Japan), Rashtriya Chemicals and Fertilizers Ltd. (India), Shandong IRO Amine Industry Co., Ltd (China); Jiangxi Hurricane Chemical Co., Ltd. (China) ; Shandong Lianmeng Chemical Co, Ltd. (China); China National Chemical Engineering Co., Ltd. (China); Mitsubishi Gas Chemical Company, Inc. (Japan); Delamine (Netherlands); Methanol Chemical Company (Saudi Arabia) and Others.
Years considered for this report:
Historical Period: 2015-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2035
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Objective of the Study:
• To assess the demand-supply scenario of Alkyl Amine which covers production, demand and supply of Alkyl Amine market globally.
• To analyse and forecast the market size of Alkyl Amine.
• To classify and forecast Alkyl Amine market based on application, Type, end-use and regional distribution.
• To identify drivers and challenges for Alkyl Amine market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Alkyl Amine market.
• To identify and analyse the profile of leading players involved in the manufacturing of Alkyl Amine.
To extract data for Alkyl Amine market, primary research surveys were conducted with Alkyl Amine manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Alkyl Amine market over the coming years.
ChemAnalyst calculated Alkyl Amine demand globally by analyzing the historical data and demand forecast which was carried out considering imported Alkyl Amine, prices, monomers & raw materials used for production of Alkyl Amine. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Alkyl Amine manufacturers and other stakeholders
• Organizations, forums, and alliances related to Alkyl Amine distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Alkyl Amine manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Alkyl Amine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume in 2021
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1.94 million tonnes
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Growth Rate
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CAGR of 4.62% from 2022 to 2035
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Base year for estimation
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2021
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Historic Data
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2015 – 2020
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Forecast period
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2023 – 2035
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Quantitative units
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Demand in Million Tonnes and CAGR from 2022 to 2035
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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Type (Methyl Amines, Ethyl Amines & Higher Alkyl Amines)
End-Use (Pharmaceuticals, Agrochemicals, Water Treatment Chemicals, Paints & Dyes, and Others)
Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
Process & Technology(Using Ethylene Dichloride, Using Mono Ethanolamines) |
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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Huntsman Corporation (Global), Eastman Chemicals (Global), AkzoNobel (Global), BASF SE (Global), Anyang Jiutian Fine Chemical Co. Ltd. (China), Alkyl Amines Chemicals Ltd. (India), DuPont de Nemours, Inc. (USA), US Amines (USA), Balaji Amines Ltd. (India), Tosoh Corporation (Japan), Rashtriya Chemicals and Fertilizers Ltd. (India), Shandong IRO Amine Industry Co., Ltd (China); Jiangxi Hurricane Chemical Co., Ltd. (China) ; Shandong Lianmeng Chemical Co, Ltd. (China); China National Chemical Engineering Co., Ltd. (China); Mitsubishi Gas Chemical Company, Inc. (Japan); Delamine (Netherlands); Methanol Chemical Company (Saudi Arabia) and Others.
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
