The Global Market for Alkylamines is Projected to Reach 2.5 Million Tons by 2022

Emerging New Uses of Alkylamine Derivatives in Drug Development to Spur Consumption of Alkylamines in the Global Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Alkylamines market. The global market for Alkylamines is projected to reach 2.5 million tons by 2022, driven by the established uses of Alkylamines in mature end-use industries such as industrial solvents, rubber processing, water & wastewater treatment chemicals, agrochemicals and emerging new applications in pharmaceuticals especially in the development of more potent anti-diabetic drugs.   

An alkyl on replacing a hydrogen atom present in ammonia leads to the formation of alkylamine, which is classified into primary, secondary and tertiary alkylamine. Alkylamines exhibit different characteristics depending on their application requirement and use in end products. The global demand for amines is driven by the growth of end-use markets such as agriculture, petroleum, paint & coatings, pharmaceuticals, personal care, and water treatment. Among the different types of amines, the ethanolamine segment accounts for the largest share in terms of volume, followed by alkylamines, fatty amines, ethylene amines, and specialty amines. Amines find use as neutralizers, stabilizers, and chemical intermediates in several applications.

A wide range of industrial solvents are manufactured using methylamines. Methylamines also find immense use as a raw material intermediate for a wide range of agricultural chemicals such as herbicides, fungicides, insecticides, biocides, and miticides. Agrochemical industry is one of the major end-use industries for alkylamines. Given the rising demand for agrochemicals, consumption of methylamines is expected to register significant growth in the coming years. Animal feed additives are rapidly rising in popularity based on their vast medicated as well as non-medicated applications in poultry, pig, aquaculture and ruminant feed. To combat water issues, industrial treatment of water and wastewater is on the rise fuelling demand for water treatment chemicals such as dimethylamines, which are used to remove suspended solids from contaminated water and help in water clarification primarily in industrial, portable as well as wastewater treatment plants.

As stated by the new market research report on Alkylamines, the global market is dominated by Methylamines, which find use in the production of solvents. Propylamines exhibiting a CAGR of 6.1% over the analysis period is the fastest growing product market. Asia-Pacific ranks as the largest and the fastest growing market worldwide with a CAGR of 5% over the analysis period led by growing demand in India and China.

Major players covered in the report include A.B. Enterprises, Air Products and Chemicals, Inc., Alkyl Amines Chemicals Ltd., Arkema Group, Balaji Amines Ltd., BASF SE, BorsodChem MCHZ, s.r.o., Daicel Corporation, Eastman Chemical Company, Feicheng Acid Chemicals Co., Ltd., Huntsman International LLC, Koei Chemical Company Limited, Luxi Chemical Co., Ltd., Mitsubishi Gas Chemical Company, Inc., Oxea Gmbh, Shandong Hualu-Hengsheng Chemical Co., Ltd., The Chemours Company, and The Dow Chemical Company, among others.

The research report titled "Alkylamines: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, growth drivers, and strategic industry activities of major companies worldwide. The report provides volume market estimates and projections in tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. The report also analyzes the market for Alkylamines by Product Group/Segment such as Methylamines (Monomethylamines, Dimethylamines, and Trimethylamines), Ethylamines (Monoethylamines, Diethylamines, and Triethylamines), Propylamines, Cyclohexylamines, and Butylamines.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.