The global alkyl amines market size is expected to reach USD 9,453.2 Million in 2028 and register a revenue CAGR of 5.9% during the forecast period. Increasing production of various medicines in the pharmaceutical sector and agricultural products, exponential growth of various end-use industries and sectors including rubber, pharmaceutical, paper pulp, and paints coating are major factors expected to drive market revenue growth. Alkyl amine is used in several applications in various end-use industries. For instance, in the rubber industry, alkyl amines is used for manufacturing different kinds of rubber. Each chemical manufactured has certain functionality in this industry.
Top Companies Operating in the Global Alkyl Amines Market:
BASF SE, AkzoNobel Chemicals, Mitsubishi Gas Chemical Company, Alkyl Amines Chemicals Ltd., Shandong Hualu Hengsheng Chemical, Koei Chemical Company Limited, Luxi Chemical Group Co. Ltd, Feicheng Acid Chemicals, Taminco, Balaji Amines, Eastman Chemical Company, DuPont.
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Use of alkyl amines for treating contaminated water in waste-water treatment plants, due to decrease in level of ground water, necessary measures taken by governments of several countries globally in order to supply clean and drinkable water to citizens are some of the key factors boosting market revenue growth. These chemicals are used for treating water by allowing immediate dissolution of sediments present in the water, as well as improve efficiency of water filtration.
Rising demand for packaged food products and raw food items is making farmers focus on reducing the amount of time required for crop cultivation by using excessive fertilizers and pesticides. Governments of various countries across the globe are also focusing on modernization of agriculture by providing subsidies, infrastructure, and access to international markets. Hence, to increase production, large quantities of fertilizers, pesticides are used in crops for cultivation. Companies adhering to such production of chemicals require alkyl amines derivatives. Pesticides such as Fenvalerate, Butachlor, Dichlorvos (DDVP), Cypermethrin, Monocrotophos, Fonaphos, Phosphamidon and Alphamethrin are also being made using alkyl amines. Demand for agricultural products is expected to increase due to increasing global population, which is expected to drive market revenue growth.
Alkyl amines have also been used in manufacturing of vaccines and its supplementary materials. Remdesivir and other COVID related medicines have small amount of these chemicals. Thus, sudden increase in demand for medicine post COVID-19 outbreak, is driving demand for alkyl amine and is expected to support market growth over forecast period. Various companies are investing in production expansion in order to cater to high ongoing demand from industries such as rubber, pharmaceuticals, and chemicals.
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Alkyl Amines Market Segmentation
- Ethylamines, Butylamines Isobutylamines
- Proplamines Isopropylamines
- Rubber Industry
- Agrochemical Industry
- Water treatment Industry
- Pharmaceuticals Industry
- Paper Industry
Manufacturing Process Outlook:
- Alcohol-amine reaction
- Aldehyde-amine and ketamine hydrogenation reaction
- Nitrile reduction
- Ritter reaction
- Reductive amination
- Hydrogenation of anilines
- Reaction of alkyl halides and amines
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Alkyl Amines market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Alkyl Amines market.
The global Alkyl Amines market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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