In 2021, the global alkyl amines market (アルキルアミン市場) recorded sales of US$ 6.2 billion. The market is anticipated to achieve a compound annual growth rate (CAGR) of 5.3% from 2022 to 2032, reaching a valuation of US$ 4.3 billion by 2032. The alkyl amines market is experiencing significant growth globally, driven by various factors such as increasing demand from end-use industries like pharmaceuticals, agriculture, and chemicals. Alkyl amines are versatile chemicals used in a wide range of applications, including solvents, corrosion inhibitors, and surfactants, among others.
Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=Srep_id=1440
Market Dynamics
One of the key drivers of the alkyl amines market is the growing pharmaceutical industry. Alkyl amines are essential raw materials for the production of various pharmaceutical drugs, including antidepressants, antivirals, and antimalarial drugs. The increasing prevalence of chronic diseases and the growing geriatric population are driving the demand for pharmaceuticals, thus boosting the demand for alkyl amines.
The agriculture sector is another significant driver of the alkyl amines market. Alkyl amines are used in the production of pesticides and herbicides, which are crucial for crop protection and enhancing agricultural productivity. With the increasing global population and the need to ensure food security, the demand for alkyl amines in the agriculture sector is expected to rise significantly.
The chemicals industry also contributes to the growth of the alkyl amines market. Alkyl amines are used as intermediates in the production of various chemicals, including dyes, polymers, and plastics. The growing demand for these chemicals in industries such as textiles, automotive, and construction is driving the demand for alkyl amines.
Market Future Outlook
The alkyl amines market (알킬 아민 시장) is expected to witness continued growth in the coming years, driven by factors such as increasing industrialization, urbanization, and technological advancements. The market is likely to benefit from the growing demand for alkyl amines in emerging economies, where rapid industrialization is taking place.
Market Insights
The alkyl amines market (marché des alkylamines) is characterized by intense competition among key players. Some of the prominent players in the market include BASF SE, Huntsman International LLC, and Arkema Group. These players are focusing on strategies such as mergers and acquisitions, product innovation, and expansion of production capacities to gain a competitive edge in the market.
Key Players:
- E.I. Du Pont DE Nemours
- BASF SE
- Akzo Nobel Chemicals AB
- Arkema Group
- Shandong Huala Hengsheng Chemical Co.
- Feicheng Acid Chemicals Co.
- Air Products and Chemicals Inc.
- Huntsman International LLC
- Dow Amines
- Mitsubishi Gas Chemical Company
- LCY Chemical Corp.
- Luxi Chemical Co.
- Koei Chemical Company Limited
- Taminco
- Daicel Chemical Industries Ltd.
- BorsodChem MCHZ
- Alkyl Amines Chemicals Ltd.
- Eastman Chemical Co
Competitive Landscape
BASF recently unveiled plans to construct a new world-scale manufacturing plant for alkylethanolamines at its Verbund location in Antwerp, Belgium. The new facility is expected to increase the company's global annual production of alkylethanolamines, including dimethylethanolamines and methyldiethanolamines, by approximately 30% to over 140,000 metric tonnes per year after its scheduled launch in 2024. BASF aims to ensure a reliable and long-term supply of alkylethanolamines through a high level of vertical integration.
Alkylethanolamines find primary application as precursors for flocculants in water treatment and as binders between pigments and resins in the coatings industry. They are also used in gas purification, fabric softeners, metalworking fluid additives, and polyurethanes.
Huntsman Corporation recently announced the expansion of its manufacturing plant in Petfurdo, Hungary, operated by its Performance Products business, to meet the increasing demand for polyurethane catalysts, including specialty amines. Huntsman has observed a rise in demand for its JEFFCAT amine catalysts in recent years. These specialty amines are crucial in the production of everyday items such as foam for automotive seats, mattresses, and building insulation spray foam. Huntsman's innovative product range aids in reducing emissions and odors from consumer products while supporting global environmental objectives.
In November 2019, Alkyl Amines Chemicals Limited decided to divest 29,77,996 equity shares in its subsidiary, Diamines and Chemicals Limited, representing a 30.44% ownership stake in the company. This move indicates a strategic shift in the company's investment portfolio.
Eastman Chemical Co. announced in November 2019 its plans to increase its alkyl amine production capacity to meet the growing global demand across various end-use sectors, including home and personal care, water purification, and animal feed.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RCrep_id=1440
Market Segments Covered in the Report
- By Product type:
- Alkylamines
- Ethylamines
- Propylamines
- Butylamines
- Cyclohexylamines
- By Application:
- Solvent
- Rubber
- Agrochemical
- Paper Chemicals
- Fuel Additives
- Pharmaceuticals
- Other Applications
- By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
About Fact.MR :
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400 Rockville, MD 20852
United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: [email protected]
