Alkylamines Market Trends - Global Size, Share, and Key Players (2022-2030)

 Market Synopsis

According to the MRFR analysis, the global alkylamines market was valued at around USD 7billion in 2020. It is expected to reach around USD 9million by the end of 2028 at a CAGR of around 5.0%.



Alkylamines are ammonia derivatives with one or more alkyl groups replacing one or more hydrogen atoms. The number of carbon atoms linked directly to the nitrogen atom is used to classify amines. On the nitrogen atom, a primary (1°) amine has one alkyl (or aryl) group, a secondary (2°) amine has two, and a tertiary (3°) amine has three. The alkyl groups are known as substituents, while the parent species is the NH4+ ion.

Growing demand for alkylamines as a raw material in the production of a variety of products—such as solvents, pesticides, feed additives, pharmaceuticals, rubber processing chemicals, and water treatment chemicals—is driving the market forward.The increasing usage of solvents in the manufacturing of spandex, polyurethane elastomers, and polyimide films, on the other hand, are contributing to market expansion.Furthermore, the rising use of C1-C6 alkylamines as pesticides in the agrochemical sector is propelling the market growth. However, the detrimental effects of alkyl amine and high maintenance costs arelikely to hinder the global Alkylamines Market Trends. Nevertheless, factors such as government investments and advancement in manufacturing technologies arelikely 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.Moreover, the growing demand for alkylamines in wastewater treatment is boosting the alkylamines market.

Competitive Landscape

The global alkylamines market trends is consolidated with numerous global, regional, and local players, with prominent players holding the majority share of the market. Some prominent players includeBASF 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., and Balaji Amines,amongst others. Manufacturers focus mainly on expanding production facilities, acquisition, jointventures, and partnerships with key stakeholders to gain a competitive advantage over other players.Furthermore, producers are increasingly focusing on a strategic alliance with stakeholders, new product development,and expansion of production capacities to gain a maximum share of the global market.

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Segmentation

By Type

  • This segment is further segmented     into     methylamines, ethylamines, propylamines, butylamines,         cyclohexylamines, and others.
  • The methylamine segmentholds the     largest share     of the global alkylamines market due to the increased demand         from various end-use industries. Itis widely used in various applications,         including agricultural chemicals, paint industries, water     treatment     chemicals, pharmaceuticals, corrosion inhibitors,     etc.
  • Ethylaminehaswitnessed     significant growth over     the forecast period. It is widely used in various         applications, including fuel tanning, synthetic agent, corrosion         inhibitor, and deflocculating agent, among others.
  • Propylaminesare widely used in     various     applications, including textile resins, pharmaceuticals,         pesticides, and other chemicals. This segment is expected to witness the         fastest growth during the forecast period.
  • Butylamines areused as an     ingredient in     pesticides (such as thiocarbazides), pharmaceuticals, and         emulsifiers.
  • Cyclohexylaminesare used as a     corrosion     inhibitor for boiler feed water and produce other chemicals and         insecticides.
  • The otherssegment     includealkylamines such as     diphenylamine, aziridine, N-methylpiperidine,     and     N-phenylpiperidine.

By Application

  • This segment is further segmented     into     solvents, agrochemicals, rubber processing, water treatment,         pharmaceuticals, and others.
  • The solvent segment held the     largest market     share of over 30% in the global market. It is widely used     in     manufacturing versatile solvents such as dimethylacetamide,         dimethylformamide, hexamethyl formamide used in acrylic fiber,         pharmaceuticals, and other industries.
  • In agrochemicals,alkylamines like         monomethlamine, propylamines, dimethylamines, triethylamine, and         cyclohexylamines are used as an ingredient in the production of         pesticides, weedicide, herbicide, and insecticides.
  • In rubber processing, alkylamines     are widely     used to produce rubber processing chemicals such as         stabilizers, antiozonants, accelerators, and preservative agents.
  • In water treatment, alkylamine is     an effective     surfactant that can act as biocide due to itsability to kill         microorganisms.The use of alkylamines improves the water quality and also         acts as resistanceto corrosion due to its property of oxygen     scavenging.
  • In water treatment, alkylamines     are used in     anesthetics, tranquilizers, antihistamines, amoxicillin,         ampicillin, antimalarials, and disinfectants, amongst others. This segment         is expected to witness significant growth in the coming     period.
  • The others segment include paper     chemicals,     food and feed additives, textile, dyes, propellants, and         emulsifying agents.

By Region

  • North     America:Market growthisdriven bythe large         production bases of alkylamines globally and the presence of     advanced     manufacturing technologies.
  • Europe:     Stringent government regulations,     rehabilitation of wastewater treatment     plants, and the     presence of large-scale end-use industries are driving the         region’s market.
  • Asia-Pacific:     This is the     largestandfastest-growingregionalmarket owing to the rapid         growth of exports, growing water treatment activities and surfactants, and         the wide presence of key producers in the region.
  • Latin     America:The growing demand is due to the     low     manufacturing costs, upsurge in consumers’ purchasing     power, and rise in     agricultural production, especially in     Brazil and Argentina.
  • Middle     East & Africa:High disposable     incomes and     increased demand from agrochemicals, solvents,     and wastewater treatment     plants fuelthedemand for     alkylamines in the region. 

 

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