Alkylamines Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 –2025
Report ID: GMI3595
Alkylamines Market size is anticipated to witness gains owing to its utilization in chemical, agricultural, rubber processing, paper and pharmaceutical industry. Attachment of alkyl group on nitrogen atom of amine forms alkylamines compounds, they are being characterized by numbers of alkyl group substituting hydrogen atoms in ammonia. Alkylamines including methylamines, ethylamines, propylamines, butylamines and cyclohexylamines are extensively utilized for their distinct characteristics.
Significant growth of agricultural sector owing to supportive government initiatives including subsidizing agrochemical products may fuel product demand. Methylamines are used in fungicides, biocides, insecticides and miticides manufacturing due to its soil fumigating and sterilant properties. These agrochemical products keep microorganism, mites and fungus away from crops and plant yields which is likely to propel alkylamines market size by 2025.
Global paints and coating market are forecasted to reach USD 200 billion by 2022 owing to increasing infrastructural development. These products are utilized in manufacturing of powerful solvents including hexamethyl phosphoramide, dimethyl acetamide (DMAC) and dimethyl formamide (DMF). These solvents have their usage in manufacturing of acrylic fibres in paints and coatings industry owing to its high adhesive strength which holds paints against walls for longer period thus maintaining its durability which may stimulate alkylamines market share by 2025.
Global rubber processing chemicals market is forecasted to reach USD 4 billion in estimated timeframe due to high demand of rubber in automotive and chemical industry. Butylamines are utilized in manufacturing of automotive tyres and helps in vulcanizing accelerators manufacturing. The product’s catalytic behaviour increases rate of reaction in rubber processing. These chemicals also help in cross linking of vulcanized rubber thus, providing mechanical stability along with elasticity which may fuel alkylamines market revenue by 2025.
Global pharmaceutical market is projected to surpass USD 1.5 trillion by 2023 owing to increasing pervasiveness of medical ailments including diabetes and gastrointestinal issues due to deskbound and hectic lifestyle which may propel product demand. The product is utilized in antidiabetic drug manufacturing as it helps in regulating insulin levels which may foster alkylamines market size.
Global corrosion inhibitor market is anticipated to reach USD 9 billion by 2026 due to increasing use of metals in development of civil infrastructure including offices, hospitals and schools. Propylamine are utilized in manufacturing of corrosion inhibitor owing to its antioxidizing properties which shields metal surface from corrosion and rusting along with maintaining pH levels of metal thus, providing thermal stability. These factors may fuel alkylamine market size in foreseeable timeframe.
Direct skin contact and exposure for long periods to alkylamines can cause dermatological disorders. Alkylamines including methylamines, propylamines and butylamines can cause respiratory tract infection and severe skin burns. Its flammable nature makes transportation difficult and expensive which may hamper alkylamines market profitability in forecasted timeframe.
Cyclohexylamines are utilized in artificial sweeteners manufacturing in food industry owing to its sweet taste and nontoxic nature when synthesized in a monomeric form. These products do not contain added calories and are used in manufacturing of sugar free pills which intensifies sweetness of food without increasing calorific count which may propel alkylamine market size by 2025.
North America led by Mexico, Canada and U.S. alkylamines market size is projected to stimulate due to growing infrastructural and renovation activities. These products help in paints and coating manufacturing thereby providing an emulsion layer on walls and shielding it from thermal & UV degradation, heat, and moisture which may fuel the market size by 2025.
Europe driven by UK, Spain, Italy, France and Germany alkylamines market size is projected to amplify owing to its usage in textile industry. It helps in increasing cloth strength thereby providing sturdiness and durability which may fuel product demand. This product is utilized in garments manufacturing due to its property of maintaining pH levels which shield clothes from getting dull fuelling the market size by 2025.
Asia Pacific market led by Australia, South Korea, Japan, India and China alkylamines market size may fuel owing to favourable agro climatic condition should promote agricultural activities to ensure high product yield. This product is utilized in agrochemical manufacturing which shields crops from getting infected from microbes, pests and mites which may fuel market growth by 2025.
Global alkylamines market share is moderately fragmented with major players includes BASF SE, DuPont, Luxi Chemical Co., Ltd., Arkema, Mitsubishi Gas Chemical Company, Luna Chemical Industries Pvt Ltd and Shandong Huala Hengsheng Chemical Co. Ltd. Manufacturers are focusing on expansion by implementing strategic alliance, joint ventures and mergers & acquisitions due to growing product applications in agriculture, pharmaceutical, rubbers and chemical industry which may stimulate the market size.
Alkylamines Market, By Type, 2014-2025 (Kilo Tons) (USD Million)
Alkylamines Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Rubber Processing
- Water Treatment
- Feed Additives
- Paper Chemicals
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa
- BASF SE
- Shandong Huala Hengsheng Chemical Co. Ltd
- Mitsubishi Gas Chemical Company
- Luna Chemical Industries Pvt Ltd
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