Alkylamines Market size 2020 | BASF SE, Alkylamines Chemicals Ltd., Arkema, Dow Inc., Feicheng Acid Chemicals Co. Ltd., Koei Chemical Company
Alkylamines Market Forecast
According
to MRFR analysis, the Alkylamines Market is expected to reach around 7 billion
in 2028.
Alkylamines
belong to a versatile family of chemical synthesis compounds. Alkylamines are
ammonia derivative compounds with one or more hydrogen atoms have replaced by
alkyl groups. Amines are classified based on the number of carbon atoms bonded
directly to the nitrogen atom. A primary (1°) amine has one alkyl (or aryl)
group on the nitrogen atom, a secondary (2°) amine has two, and a tertiary (3°)
amine has three of them. The alkyl groups are substituents, while the NH4+ ion
is the parent species. The common names for simple aliphatic amines consist of
an alphabetic list of alkyl groups that are attached to the nitrogen atom,
followed by the suffix -amine.
Alkylamines
are being increasingly used in various applications, including solvents,
insecticides, feed additives, rubber processing chemicals, and water treatment
chemicals, propelling the market forward. The market is expanding due to the
increasing usage of alkylamines in manufacturing a wide range of solvents.
Furthermore, the rising use of C1-C6 alkylamines as pesticides in the
agrochemical sector propels the market growth.
Moreover,
the growing demand for alkylamines in wastewater treatment boosts the Alkylamines
Market. Alkylamine is an effective surfactant that can act as a biocide
due to its ability to kill microorganisms. When used in water, alkylamines
improve the biocidal activity of chlorinated phenolic. Alkylamines improve
water quality while also acting as corrosion inhibitors due to their oxygen
scavenging property. The rising amount of wastewater discharged into rivers,
which poses health, environmental, and climate-related risks, are driving up
demand for water treatment plants.
Market Segmentation
The
alkylamines market has the following market segments:
Based on market
applications:
The alkylamines market is segmented based on industry
applications such as solvents, agrochemicals, rubber processing, water
treatment, feed additives, paper chemicals, pharmaceuticals, others.
Based on market
types:
The amines market is segmented into Methylamines,
Higher Alkylamines (ethylamine, propylamines, butylamines, &
cyclohexylamines).
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Based on the
geography:
A detailed segmentation is done for amines for key
regions that include Asia-Pacific, North America, Europe, and RoW and further
for key countries in each region.
Regional Analysis
Asia-Pacific
accounted for the largest market share and is projected to witness the fastest
growth in the market. It is mainly attributed to the rapid growth of exports,
growing water treatment activities and surfactants, and the vast presence of
key producers in the region. Europe recorded significant growth in the global
market based on consumption. The demand for the alkylamines market trends,
products, and services, is mainly driven by stringent government regulations,
rehabilitation of wastewater treatment plants, and targe-scale end-use
industries and hence, help in the global market expansion.
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Industry News
●
In November 2019,
Alkylamines Chemicals Limited announced to sell Company's 29,77,996 equity
shares representing a 30.44% stake in Diamines and Chemicals Limited
(Diamines)company.
●
In November 2019,
Eastman Chemical Co., a leading producer of alkylamines, announced to increase
Alkylamines' capacity to meet growing global demand from various end markets
such as home and personal care, water treatment, and animal nutrition.
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