Alkylamines Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Product Type (Methylamines, Ethylamines, Propylamines, Butylamines, and Cyclohexylamines), Application (Solvent, Rubber, Agrochemicals, Paper Chemicals, Fuel Additives, Pharmaceuticals, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

alkylamines market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for alkylamines is anticipated to register a CAGR of over 6% during the forecast period 2019 – 2024. The growing pulp and paper industry in developing countries is driving the alkylanines market.

  • The growing demand of alkylamines as solvents in the paints and coatings industry globally is expected to drive the demand for the market during the forecast period.
  • The emission restrictions in the transportation sector by regional governments and organizations are likely to hinder the market’s growth.
  • The increasing innovations in the pharmaceutical sector is projected to act as an opportunity for the market in future.

Scope of the Report

The alkylamines market report includes:

Product Type
Methylamines
Ethylamines
Propylamines
Butylamines
Cyclohexylamines
Application
Solvent
Rubber
Agrochemical
Paper Chemicals
Fuel Additives
Pharmaceuticals
Other Applications
Geography
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
North America
United States
Mexico
Canada
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Growing Demand from the Solvent Segment

  • Alkylamines are majorly employed in the formulation of paints and coatings in the form of solvents. 
  • The demand for paints and coatings is increasing in the current scenario, owing to the growth in the industries like automotive, machinery, and construction.
  • Major companies in the paints and coating industry are expanding and largely focusing on developing economies globally. This can be majorly attributed to the growth in demand for new constructions and other industrial applications in developing countries.
  • With innovations in the paint formation, due to a highly competitive market and the changing preferences of the customers, the uses of solvents in paints and coating are rapidly increasing.
  • The biggest end-user industry of paints and coatings is the building and construction industry. The Chinese government has projected the capital expenditure in construction to be over 7% higher in 2019 than that in the previous year.
  • All the aforementioned factors are expected to support the consumption of paints and coatings (solvent) in the coming years. This, in turn, is expected to drive the demand for the alkylamines during the forecast period.
alkylamines market

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Asia-Pacific to Dominate the Market

  • Asia-Pacific dominated the global market share in 2018. With the growing demand for paints and coatings and the growing pharmaceuticas industries in countries, such as China, India, Japan, and South Korea, the usage of alkylamines is increasing in the region.
  • China is the largest producer and consumer of alkylamines, and accounted for a large chunk of the global capacity in 2018.
  • China is the second-largest pharmaceutical market globally, and is expected to value at USD 145 billion by 2022, registering a CAGR of 3.4% over the period, 2018-2022.  
  • The Indian rubber industry is expeced to register a CAGR of 2.53% over 2014-2018, reporting 1.11 million metric ton of rubber in 2018, and is expected to reach 1.26 million metric ton in 2023, in turn, increasing the demand of alkylamines in India. 
  • Over three-fourth of the world’s total alkylamines consumption is consumed in Asia-Pacific. Hence, the developing countries of Asia-Pacific are expected to be the prime drivers of growth for the alkylamines market through the forecast period.
alkylamines market

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Competitive Landscape

The alkylamines market is partially fragmented. The key players in the allkylamines market include BASF SE, Alkyl Amines Chemicals Ltd, Dow Chemicals Company, Eastman Chemical Company, and Hutsman Internetional LLC.

Major Players

  1. BASF SE
  2. Alkyl Amines Chemicals Ltd
  3. The Dow Chemical Company
  4. Eastman Chemical Company
  5. Huntsman International LLC

* Complete list of players covered available in the table of contents below

alkylamines market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Growing Demand as Solvent in the Paints and Coatings Industry

      2. 4.1.2 Growing Pulp and Paper Industry in Developing Countries

    2. 4.2 Market Restraints

      1. 4.2.1 Emission Restrictions in the Transportation Sector by Various Governments

    3. 4.3 Value Chain / Supply Chain Analysis

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Methylamines

      2. 5.1.2 Ethylamines

      3. 5.1.3 Propylamines

      4. 5.1.4 Butylamines

      5. 5.1.5 Cyclohexylamines

    2. 5.2 Application

      1. 5.2.1 Solvent

      2. 5.2.2 Rubber

      3. 5.2.3 Agrochemical

      4. 5.2.4 Paper Chemicals

      5. 5.2.5 Fuel Additives

      6. 5.2.6 Pharmaceuticals

      7. 5.2.7 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Mexico

        3. 5.3.2.3 Canada

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 Alkyl Amines Chemicals Ltd

      3. 6.4.3 Arkema Group

      4. 6.4.4 BASF SE

      5. 6.4.5 Eastman Chemical Company

      6. 6.4.6 Hutsman International LLC

      7. 6.4.7 Kao Corporation

      8. 6.4.8 Mitsubishi Chemical Corporation

      9. 6.4.9 Procter & Gamble

      10. 6.4.10 Solvay

      11. 6.4.11 Dow Chemicals Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovations in the Pharmaceutical Sector

    2. 7.2 Other Opportunities

**Subject to Availability

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