Alkylamines Market Size, Share & Segmentation By Application (Solvents, Agrochemicals, Rubber Processing, Water Treatment, Feed Additives, Pharmaceuticals, Others) By Type (Methylamines, Ethylamines, Propylamines, Butylamines, Cyclohexylamines), by Region Global Market Forecast 2023-2030

Report Scope & Overview:

Alkylamines Market Size was valued at USD 6.61 billion in 2022, and expected to reach USD 11.11 billion by 2030, and grow at a CAGR of 6.7 % over the forecast period 2023-2030.

A diverse class of chemical synthesis chemicals is the alkylamine family. Alkylamines are derivatives of ammonia in which one or more hydrogen atoms have been swapped out for alkyl groups. Amines are categorised based on how many carbon atoms are directly linked to the nitrogen atom. An alkyl (or aryl) group is present on the nitrogen atom of a primary (1°), secondary (2°), and tertiary (3°) amines, respectively. The NH4+ ion is referred to as the parent species, while the alkyl groups are referred to as substituents. The suffix -amine is followed by an alphabetical list of the alkyl groups connected to the nitrogen atom in the common names for simple aliphatic amines.

Alkylamines are being used more frequently in a variety of applications, such as solvents, pesticides, feed additives, chemicals used in rubber processing, and chemicals used in water treatment, which is driving the market forward. The market is growing as a result of the increased use of alkylamines in the production of a variety of solvents. Additionally, the market is expanding due to the growing usage of C1-C6 alkylamines as pesticides in the agrochemical industry. On the other hand, rising solvent use in the production of spandex, polyurethane elastomers, and polyimide films is fueling market growth.

Market Dynamics:

Drivers:

• Expanding wastewater treatment facilities worldwide.

• Alkylamines are in high demand for solvent applications.

• The need for alkylamines in the paint and coatings sector is rising.

• Increasing use of alkylamines in the agrochemical industries

Restraints:

• Alkylamine's negative consequences and the high cost of maintenance

• Varying costs for raw materials

Impact of Covid-19:

Due to the interruption in the global supply chain caused by COVID-19, the manufacturing of alkylamines has suffered. This is a result of the travel and in-person meeting bans, lockdowns, and curfews implemented to stop the coronavirus from spreading further. The pandemic has an impact on the operations of many various industries, including construction, packaging, agriculture, oil and gas, and others. Because alkylamines are widely used across a number of sectors, a drop in their operations has a direct impact on market expansion.

In order to remain competitive, producers intend to raise alkylamine prices for consumers. Due to the COVID-19 outbreak, the bulk of raw materials providers in this market were forced to close their operational facilities. There has been a drop in global usage recorded by manufacturers of alkylamines and producers of raw materials. Numerous businesses around the world have stopped production at their facilities due to the circumstance. Some other businesses that are still in business only operate at 40–60% efficiency. These businesses have resumed operations, though.

Key Players:

Luxi Chemical Group Co., Ltd., BASF SE, Arkema, Dow Inc., Alkylamines Chemicals Ltd., Feicheng Acid Chemicals Co. Ltd., Koei Chemical Company, Eastman Chemical Co., Balaji Amines, Mitsubishi Gas Chemical Company

By Type: For many years, the main market for alkylamines has been the methylamines category. Methylamines are used to demineralize and deionize water in the rubber sector as well as for the creation of resins. Methylamine is a key ingredient in the production of substances that dissolve suspended particulates in industrial and municipal raw water, drinking water, and wastewater treatment facilities. These are employed to improve solid/liquid separation processes such as flotation, filtration, and sedimentation.

By Application :

Solvents: With a market share of over 30%, the solvent category led the global market. Alkylamines are utilised as a component in the creation of pesticides, weedicides, herbicides, and insecticides. Examples include monomethamine, propylamine, dimethylamine, triethylamine, and cyclohexylamine. Additionally, it serves as a catalyst or intermediary.

Alkylamines are frequently employed in the manufacture of chemicals for the manufacturing of rubber, including stabilisers, antiozonants, accelerators, and preservation agents. Monomethylamine, dimethylamine, diethylamine, monoisopropylamine, and dicyclohexylamine are a few of the common Alkylamines.

Water treatment: Alkylamine is a powerful surfactant that has the ability to destroy bacteria, making it a potential biocide. Pharmaceuticals: Among other things, disinfectants, amoxicillin, ampicillin, antimalarials, tranquillizers, anaesthetics, and tranquillizers are all made from alkylamines. In the upcoming years, this market segment is anticipated to have significant growth.

Others: Included in the "others" category are chemicals used in paper, food and feed additives, textiles, dyes, propellants, and emulsifying agents.

Market Segment:

By Application

• Solvents

• Agrochemicals

• Rubber Processing

• Water Treatment

• Feed Additives

• Pharmaceuticals

• Others

By Type

• Methylamines

• Ethylamines

• Propylamines

• Butylamines

• Cyclohexylamines

Regional Analysis:

Asia-Pacific: Asia-Pacific held the greatest market share and is expected to experience the market's quickest expansion. This is primarily related to the region's high concentration of important producers, quick increase of exports, and expansion of the water treatment and surfactant industries.

Europe: Based on consumption, Europe saw a large increase in the worldwide market. Strict government regulations, the renovation of wastewater treatment facilities, and the presence of sizable end-use businesses are the key drivers of demand.

North America: Owing to its significant alkylamine production bases across the globe and sophisticated manufacturing techniques, North America held the second-largest market share in the global market.

Middle East & Africa: As a result of increased demand from agrochemicals, solvents, and wastewater treatment facilities, alkylamine demand is rising in these regions.

Latin America: Because of cheap manufacturing costs, rising consumer spending power, and increased agricultural production, particularly in Brazil and Argentina, the Latin American market is expected to experience significant demand for alkylamines.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Frequently Asked Questions (FAQ) :