Alkylamines Market - Industry Analysis, Value, Share, Growth, Trends, and Forecast 2018-2027
Alkylamines Market Forecast
According to MRFR analysis, the Alkylamines Market
is expected to reach around 7 billion in 2028.
Alkylamines are a versatile family of chemical
synthesis compounds. Alkylamines are ammonia derivative compounds with one or
more hydrogen atoms replaced by alkyl groups. Amines are classified according
to the number of carbon atoms bonded directly to the nitrogen atom. A primary
(1°) amine has one alkyl (or aryl) group on the nitrogen atom, a secondary (2°)
amine has two, and a tertiary (3°) amine has three. The alkyl groups are
referred to as substituents, while the NH4+ ion is the parent species. The
common names for simple aliphatic amines consist of an alphabetic list of alkyl
groups attached to the nitrogen atom, followed by the suffix -amine.
Alkylamines are being increasingly used in various
applications, including solvents, insecticides, feed additives, rubber
processing chemicals, and water treatment chemicals, which are propelling the
market forward. The Alkylamines Market is expanding due to the
increasing usage of alkylamines in manufacturing a wide range of solvents.
Furthermore, the rising use of C1-C6 alkylamines as pesticides in the
agrochemical sector is propelling the market growth. Growing usage of solvents
in the manufacturing of spandex, polyurethane elastomers, and polyimide films,
on the other hand, are contributing to market expansion.
Moreover, the growing demand for alkylamines in
wastewater treatment is boosting the alkylamines market. Alkylamine is an
effective surfactant that can act as a biocide due to it sability to kill
microorganisms. When used in water, alkylamines improve the biocidal activity
of chlorinated phenolic. Alkylamines improve water quality while also acting as
corrosion inhibitors due to their oxygen scavenging property. The rising amount
of wastewater discharged into rivers, which poses health, environmental, and
climate-related risks, are driving up demand for water treatment plants. The
development of wastewater treatment plants in both developed and developing
regions, on the other side, encourages market growth. For instance, in 2019,
the South African Government has released a grant of USD 24 million to
construct multiple wastewater treatment plants in the province of Mpumalanga.
Thus, development in wastewater treatment activities across the globe promotes
market growth.
However, the detrimental effects of alkylamine and
high maintenance costs will likely hinder the global Alkylamines market.
Nevertheless, factors such as government investments and advancement in
manufacturing technologies are likely to create lucrative opportunities for
market growth in the forecast period. Surging innovation in the pharmaceutical
industry is projected to open up new growth potential for leading market players.
Covid Impact
Analysis
The outbreak of COVID-19 has had a negative impact
on alkylamines production due to the disruption in the supply chain across the
globe. This is because of the restrictions on travel and face-to-face meetings
coupled with lockdown and curfews to limit the spread of the coronavirus. The
pandemic affects operations of different industries, including agriculture, oil
and gas, construction, packaging, and others. Because Alkylamines are widely
employed in various industries, the decline in their operations directly
impacts market growth.
Producers are planning to increase alkylamine prices
for end-users to sustain themselves in the market. The majority of raw
materials suppliers in this market had to shut down their operating facilities
due to the outbreak of COVID-19. The shutdown of various raw material producers
and alkylamines manufacturers havereporteda decline in global consumption.
Considering the situation, many companies have halted their production
facilities across the globe. Some other companies, which are still working, are
operating at only 40-60% efficiency. However, these companies have begun
operations again.
Manufacturers in this market have decreased their
production capacities owing to the decline in demand from the end-use
industries, reduced prices, and disruptions in the supply of raw materials. Key
players in the market have witnessed a decline in revenue in the fiscal year
2020 compared to 2019. The manufacturers are taking a toll due to reduced
demand for products and have announced reduced capital for their prospects. In
addition to this, the imposition of various fiscal and monetary policies across
the globe to limit the damage caused by COVID -19 by the governments and
managements is expected to result in certain relief.
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Market USP
Stringent government policies
Market Drivers
- Growing wastewater treatment
plants globally
- High demand foralkylamines in
solvent applications
- Increasingdemand foralkylamines
in the paints and coatings industry
- Surging consumption of
Alkylamines in the agrochemical sectors
Market Restraints
- Detrimental effects of alkylamine
and high maintenance cost
- Fluctuating prices for raw
materials
Segmentation
By Type
- Methylamines: Methylamine
is an organic compound with a formula of CH₃NH₂. It is an ammonia
derivative in which one hydrogen atom is replaced with a methyl group. It
is the simplest primary amine. Methylamine is widely used in various
applications, including agricultural chemicals, paint industries, water
treatment chemicals, pharmaceuticals, and corrosion inhibitors.
- Ethylamine:Ethylamine
is an organic compound with a formula of CH3CH2NH2. It is an ammonia
derivative in which two hydrogen atom is replaced with an ethyl group. It
is the secondary amine. Ethylamine is widely used in various applications,
including fuel tanning, synthetic agent, corrosion inhibitor, and
deflocculating agent.
- Propylamines: Propylamine
is an organic compound with a formula of CH₃(CH₂)₂NH₂. It is widely used
in various applications, including textile resins, pharmaceuticals,
pesticides, and other chemicals. This segment is projected to witness the
highest CAGR during the forecast period.
- Butylamines:Butylamine
is an organic compound with the formula CH₃(CH₂)₃NH₂. It is used as an
ingredient in the manufacture of pesticides (such as thiocarbazides),
pharmaceuticals, and emulsifiers. It is also a precursor for the
manufacture of N,N′-dibutylthiourea, a rubber vulcanization accelerator,
and n-butylbenzenesulfonamide, a plasticizer of nylon.
- Cyclohexylamines:Cyclohexylamines
is an organic compound with a formula of C6H13 It is a clear, colorless to
yellow liquid with a strong, fishy odor. It is used as a corrosion
inhibitor for boiler feed water and in the production of other chemicals
and insecticides.
- Others:The
otherssegment include alkylaminessuch as diphenylamine, aziridine,
N-methylpiperidine, and N-phenylpiperidine.
By Application
- Solvents: The
solvent segment held the largest market share of over 30% in the global
market. It is widely used in the manufacturing of versatile solvents such
as dimethyl acetamide, dimethyl formamide, hexamethyl formamide used in
acrylic fiber, pharmaceuticals, and other industries.
- Agrochemicals:Alkylamines
like monomethlamine, propylamines, dimethylamines, triethylamine, and
cyclohexylamines, amongst others are used as an ingredient in the
production of pesticides, weedicide, herbicide, and insecticides. It is
also used as an intermediate or catalytic agent.
- Rubber
Processing: Alkylamines are widely used in the
production of rubber processing chemicals such as stabilizers,
antiozonant, accelerator, and preservative agent. Some of the common
Alkylamines include monomethylamine, dimethylamine, diethylamine,
monoisopropylamine, and dicyclohexylamine.
- Water
Treatment:Alkylamine is an effective surfactant that can act as a
biocide due to itsability to kill microorganisms. Alkylamines also enhance
the biocidal effect of chlorinated phenolic when they are applied in
water. Alkylamines improve the water quality and act as resistanceto
corrosion due to theirproperty of oxygen scavenging.
- Pharmaceuticals:Alkylamines
are used in the production of anesthetics, tranquilizers, antihistamine,
amoxicillin, ampicillin, antimalarials, and disinfectants, amongst others.
This segment is expected to witness significant growth in the coming
period.
- Others:The
others segment include paper chemicals, food and feed additives, textile,
dyes, propellants, and emulsifying agents.
By Region
- Asia-Pacific:Asia-Pacific
accounted for the largest market share and is projected to witness the
fastestgrowth in the market. This is mainly attributed to the rapid growth
of exports, growing water treatment activities and surfactants, and the
vastpresence of key producers in the region.
- Europe:Europe
recorded a significant growth in the global market based on consumption.
The demand is mainly driven by stringent government regulations,
rehabilitation of wastewater treatment plants, and the presence of
large-scale end-use industries.
- North
America:North America accounted for the second-largest market share
in the global marketdue to large production bases of alkylamines globally
and advanced manufacturing technologies.
- Middle
East & Africa:The demand for alkylamines is rising
owing to increased demand from agrochemicals, solvents, and wastewater
treatment plants.
- Latin
America: The Latin American market is projected to witness notable
demand for alkylamines due to low manufacturing costs, an upsurge in
consumers' purchasing power, and a rise in agricultural production,
especially in Brazil and Argentina.
Key Players
- BASF SE
- Alkylamines Chemicals Ltd.
- Arkema
- Dow Inc.
- Feicheng Acid Chemicals Co. Ltd.
- Koei Chemical Company
- Luxi Chemical Group Co., Ltd.
- Mitsubishi Gas Chemical Company
- Eastman Chemical Co.
- Balaji Amines
Key Developments
Major players in the alkylamines market are adopting
strategies such as technology launches, acquisitions, and R&D activities.
Some of the major key developments in the global Alkylamines market include:
- In November2019, Alkylamines
Chemicals Limited announced to sell Company's 29,77,996 equity shares
representing a 30.44% stake in Diamines and Chemicals Limited
(Diamines)company.
- In November 2019, Eastman
Chemical Co., a leading producer of alkylamines announced to increase the
capacity for Alkylamines to meet growing global demand from various end
markets such as home and personal care, water treatment, and animal
nutrition.
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