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

Established Uses of Alkylamines in Diverse End-Use Sectors Sustains Demand Growth in the 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 diverse end-use sectors and stable improvement in global industrial manufacturing activity.

  

Alkylamines represent a category of amines in which alkyl group compounds replace hydrogen atom/s in ammonia and combine with the nitrogen atom. Alkylamines exhibit diverse and unique properties that advocate their use case in a multitude of industrial domains. Solvents, surfactants, agricultural chemicals, fuel additives, gas & oil treatment solutions, paper chemicals, personal care products, pharmaceuticals, catalysts and water treatment chemicals represent the key end-use markets for alkylamines. Alkylamines can be used as standalone solution, as a chemical intermediate, as additive or as a supplement to implement various processes and applications. Of different variants, methylamines have wider use case and constitute the most important segment within the alkylamines market.

Market for Alkylamines benefited from substantial expansion in the world industrial sector, which underwent huge progress over the past two decade period. Higher emphasis on industrial sector expansion among governments across the world, active participation of private sector enterprises, and robust demand for manufactured and processed products in consumer and commercial markets, have favored progression in the industrial sector, while generating parallel opportunities for chemical compounds such as Alkylamines. At the same time, sustained focus on producing quality products using top-class ingredients and additives among industrial manufacturers, worldwide has favored market growth in a major way. Robust involvement of chemical enterprises of various sizes from small-scale producers serving local markets to MNCs with global footprint also aided the growth.

Future prospects remain favorable for the global alkylamines market. Factors such as stable economic scenario, positive GDP forecasts, northbound trend in the industrial activity, favorable business confidence indices, and high activity in key end-use domains are expected to fully support market growth. Further, the prevailing favorable socio-economic trends including growing population, rising disposable incomes and changing lifestyle patterns, which potentially drive demand for manufactured and processed goods are likely to extend robust opportunities. Growing importance of best-in-class chemical intermediates and additives that enhance the process implementation and quality of the end-product would be instrumental in future growth of the alkylamines market.

As stated by the new market research report on Alkylamines, Asia-Pacific constitutes the largest market worldwide. The region also ranks as the fastest growing market worldwide with a CAGR of 4.9% over the analysis period. Led by China, Asia-Pacific has reinforced its position in the global Alkylamines market as the largest producer, consumer and also the exporter of Alkylamines. Massive expansion in industrial sector along with increased participation of governments and private entities in industrial manufacturing, and rising demand for goods and products in consumer and commercial sectors are poised to drive present and future growth in the Asia-Pacific alkylamines market.

Major players in the market include A.B. Enterprises, Alkyl Amines Chemicals Ltd., Arkema Group, Balaji Amines Ltd., BASF SE, BorsodChem MCHZ s.r.o., Daicel Corporation, DowDuPont Inc., Eastman Chemical Company, Evonik Industries AG, Hualu Holding Co. Ltd., Huntsman International LLC, Koei Chemical Company Limited, Luxi Group Co. Ltd., Mitsubishi Gas Chemical Company Inc., Oxea Gmbh, The Chemours Company, Zhejiang Jiangshan Chemical Co. Ltd., Zhejiang Jianye Chemical Co. Ltd., and Zhejiang Xinhua Chemical Co., Ltd. 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. Product Groups/Segments analyzed in the report include Methylamines (Monomethylamines, Dimethylamines, and Trimethylamines), Ethylamines (Monoethylamines, Diethylamines, and Triethylamines), Propylamines, Cyclohexylamines, and Butylamines.

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