Alkyl Amines Market Analysis, By Product Type (Alkylamines, Ethylamines, Propylamines, Butylamines, and Cyclohexylamines), By Application (Solvent, Rubber, Agrochemical, Paper Chemicals, Fuel Additives), & By Region - Global Insights 2022-2032
The Alkyl Amines Market revenues were estimated at US$ 6.6 Bn in 2022 and is anticipated to grow at a CAGR of 5.3% from 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach a valuation of US$ 12 Bn. During 2022 – 2032, the market is likely to garner an absolute dollar opportunity of US$ 5.4 Bn.
One of the key factors boosting the alkyl amines demand is the extensive use of Alkyl Amines as a solvent throughout numerous industries such as the paints and coatings industry, rubber manufacturing, pharmaceutical, agrochemicals, and water purification. In the future, feed additives and paper chemicals applications will further add to this requirement.
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From 2021 to 2027, the water treatment sector is anticipated to account for a significant proportion of the alkylamines market. Due to their remarkable cleaning capabilities, these materials are widely used in water treatment chemicals. The depletion of water resources and the growing demand for safe drinking water are leading to increased investments in water treatment facilities.
Key Takeaways from the Market Study
Competitive Analysis
The alkyl amines industry is diversified and competitive due to a large number of industry participants. As a result, pricing wars, mergers and, acquisitions, and other strategic decisions are common. For new entrants, there exist significant entry barriers. Low switching costs give purchasers more options and boost competitiveness among business operators. Key industry participants invest in bettering their products in order to acquire a competitive advantage over their peers.
Some of the key companies in the alkyl amines market include E.I. Du Pont DE Nemours, BASF SE, Akzo Nobel Chemicals AB, Arkema Group, Shandong Huala Hengsheng Chemical Co., Feicheng Acid Chemicals Co., Ltd., Air Products and Chemicals Inc., Huntsman International LLC, Dow Amines, Mitsubishi Gas Chemical Company, LCY Chemical Corp., Luxi Chemical Co., Ltd., Koei Chemical Company Limited, Taminco, Eastman Chemical Co., Daicel Chemical Industries Ltd., BorsodChem MCHZ and Alkyl Amines Chemicals Ltd.
Some of recent developments in the Alkyl Amines Market are:
The alkylethanolamines are mostly utilized as flocculant precursors in water treatment and as adhesives between pigment and resins in the coatings industry. Other uses include gas remediation, fabric softeners, metalworking fluid additives, and polyurethanes.
These specialty amines are utilized in the production of daily things such as foam for automotive seats, beds, and building insulation spray foam. Huntsman's current generation revolutionary product range aids industry efforts to reduce consumer product emissions and smells while also contributing to global environmental goals.
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Market Segments Covered in Alkyl Amines Market Analysis
Global Alkyl Amines Market Analysis and Forecast by Region
Key Questions Covered in the Alkyl Amines Market Report
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the Global Alkyl Amines Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Global Alkyl Amines Market by Product Type (Alkylamines, Ethylamines, Propylamines, Butylamines, and Cyclohexylamines), by Application (Solvent, Rubber, Agrochemical, Paper Chemicals, Fuel Additives, Pharmaceuticals, and Other Applications), across five regions (North America, Asia Pacific)
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
Jun 28, 2023