Alkyl Amine Market
Alkyl Amine Market Study by Alkylamines, Ethylamines, Propylamines, Butylamines, and Cyclohexylamines for Solvents, Rubber, Agrochemicals, Paper Chemicals, and Others from 2024 to 2034
Analysis of Alkyl Amine Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Alkyl Amine Market Outlook (2024 to 2034)
Increasing use of alkyl amine in multiple applications, including pesticides, solvents, rubber processing chemicals, feed additives, water treatment chemicals, etc., are contributing to market expansion. The global alkyl amine market size is calculated at US$ 7.22 billion in 2024 and is projected to further climb at a CAGR of 5.3% to end up at a valuation of US$ 12.09 billion by the end of 2034.
Rising demand for agrochemicals in pesticides is anticipated to positively impact the expansion of the alkyl amine market size in the coming 10 years. The constant involvement of market players in R&D activities for identifying the new application scope of alkyl amine is contributing to revenue streams. Moreover, cleansing ability, foaming capabilities, material compatibility, and microbiological activity are some of the abilities of alkyl amine, which are contributing to its increased use in multiple industries, such as pharmaceuticals, agrochemicals, etc.
Growing requirements for alkyl amine in wastewater treatment are projected to be one of the prominent market growth drivers. It is used as an effective surfactant, which acts as a biocide due to its feature to kill microorganisms. Alkyl amine is utilized in wastewater treatment due to its ability to improve chlorinated phenolic’s biocidal activity. It also improves water quality and is projected to act as a corrosion inhibitor because of its oxygen scavenging property.
In recent years, a significant amount of wastewater has been discharged into rivers. This is forecasted to pose environmental, climate, and health-related risks. Therefore, an increase in the requirements for water treatment plants is experienced, which is set to positively impact demand for alkyl amine in wastewater treatment.
- Demand for alkyl amine in Japan is forecasted to increase at a CAGR of 5.5% from 2024 to 2034.
- East Asia is approximated to account for 24.6% of the global alkyl amine market share by the end of 2034.
- Global sales of alkyl amine for consumption in paper chemicals are evaluated to rise at 5.6% CAGR and reach US$ 2.36 billion by 2034.
| Report Attributes | Details |
|---|---|
| Alkyl Amine Market Size (2024E) | US$ 7.22 Billion |
| Forecasted Market Value (2034F) | US$ 12.09 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.3% CAGR |
| Market Share of Cyclohexylamines (2034F) | 55.7% |
| North America Market Share (2034F) | 17.5% |
| South Korea Market Growth Rate (2024 to 2034) | 8.1% CAGR |
| Key Companies Profiled |
|
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What is Setting the Pace for Increasing Sales of Alkyl Amine Globally?
“Extensive Use of Alkyl Amine as Solvent”
Increasing use of alkyl amine as a solvent in multiple industries, including rubber manufacturing, agrochemicals, paints & coatings, water purification, and pharmaceuticals is anticipated to generate lucrative opportunities for market players in the coming decade. Moreover, owing to its remarkable cleaning capabilities, alkyl amine is used in paper chemicals, feed additives, and water treatment. Depletion of natural water resources along with increasing demand for safe and hygienic drinking water is expected to lead to rising investment in various water treatment facilities, which is approximated to have a positive impact on alkyl amine market trends.
What is Forecasted to Stifle Alkyl Amine Market Growth?
“Hazardous Effects and High Operation Cost of Alkyl Amine”
Alkyl amine corrode skin, eyes, and lungs if exposed. In addition, its hazardous nature is forecasted to lead to hefty shipping and maintenance expenses. Its high operation cost and negative effects are estimated to adversely impact market growth opportunities. Moreover, fluctuations in foreign currency prices and raw materials are anticipated to adversely impact market growth. Industrial gases, ammonia, ethanol, etc., are some prominent raw materials used in the production of alkyl amine, and any fluctuations in their prices are set to increase their final cost, which is further limiting growth opportunities in the global market.
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What Innovative Strategies are Startups Employing to Increase Their Market Share?
“Focusing on Use of Alkyl Amine in Pharmaceuticals”
Constant increase in R&D activities for the use of alkyl amine in pharmaceuticals is anticipated to offer opportunities for startups. In some research, it has been identified through in-vivo and in-vitro practices that alkyl amine contains insulin-releasing properties. This is expected to lead to the rising use of alkyl amine in the manufacturing of more effective diabetic drugs. Aspiring market players are estimated to invest more in such R&D activities for exploring new uses of alkyl amine.
Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly updated study, reveals that East Asia is expected to hold 24.6% share of the global market by the end of 2034. The increasing use of alkyl amine in the production of pharmaceutical products is contributing to its growing demand in the region. Moreover, the rising involvement of more manufacturers in product development to offer alkyl amine with comparatively minimal adverse impacts is widening growth opportunities.
How Fast are Alkyl Amine Sales Rising in the United States?
“Well-established Agrochemical Industry Driving Alkyl Amine Demand”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.12 Billion |
| Growth Rate (2024 to 2034) | 3.4% CAGR |
| Projected Value (2034F) | US$ 1.55 Billion |
The United States is anticipated to capture 73.5% share of the market in North America by 2034-end. Integrated pest management, off-patent products, and precision farming are forecasted to help in shaping the agrochemical industry in the United States. Furthermore, the rising demand for agrochemicals is forecasted to lead to increasing sales of alkyl amine for its use as a solvent.
What Growth Opportunities Does China Present for Market Players?
“Expanding Pharmaceutical Industry Widening Application Scope of Alkyl Amine”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 915.7 Million |
| Growth Rate (2024 to 2034) | 6.4% CAGR |
| Projected Value (2034F) | US$ 1.7 Billion |
China is expected to hold 57.3% of the East Asian market revenue share by the end of 2034. The pharmaceutical industry in China is projected to expand significantly, which is set to contribute to the rising consumption of alkyl amine. In addition, the rising population in the country is generating demand for clean drinking water, therefore stimulating sales of alkyl amine in water treatment plants. The government in China is investing in wastewater treatment facilities to match drinking water requirements. As one of the prominent manufacturers of alkyl amine, China is set to generate more opportunities for market players.
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Category-wise Insights
Fact.MR, in its research report, states that increased global demand for cyclohexylamines is owing to their use in artificial sweetener production. The non-toxic nature and sweet taste of this chemical are anticipated to increase their consumption in the food industry.
Why is Cyclohexylamines Gaining Immense Popularity?
“Surging Use of Cyclohexylamines in Artificial Sweetener Production”
| Attribute | Cyclohexylamines |
|---|---|
| Segment Value (2024E) | US$ 4.03 Billion |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 6.74 Billion |
Cyclohexylamines are projected to account for 55.7% share of global market revenue by the end of 2034. They are used in the manufacturing of artificial sweeteners due to their sweet taste and nontoxic nature if synthesized in the form of monomeric. Extra calories are not contained in these products and therefore find application in the production of various types of sugar-free pills to increase sweetness without increasing the count of calories. Thus, the growing use of cyclohexylamines in some artificial sweeteners is driving their demand.
For Which Application is Demand for Alkyl Amine Increasing More?
“Growing Use of Alkyl Amine in Paper Chemicals”
| Attribute | Paper Chemicals |
|---|---|
| Segment Value (2024E) | US$ 1.36 Billion |
| Growth Rate (2024 to 2034) | 5.6% CAGR |
| Projected Value (2034F) | US$ 2.36 Billion |
Paper chemicals are approximated to capture 19.5% of the worldwide demand for alkyl amine by 2034. This chemical assists manufacturers of papers to modify paper properties and further increase overall productivity. Thus, they help paper manufacturers in increasing their production capacity.
Competitive Landscape
The global market is competitive and diversified because of the presence of more participants. Therefore, mergers, acquisitions, new product development, management of supply chain systems, offering quality products, etc., strategies are helping market players get a competitive edge over their peers.
For instance :
- Eastman Chemical Co., in November 2019, announced to increase in its production capacity in alkyl amine to match surging requirements from various end-use sectors, such as water purification, animal feed, home & personal care, etc.
Key players in the alkyl amine market are Mitsubishi Gas Chemical Company, E.I. Du Pont DE Nemours, Taminco, BASF SE, Eastman Chemical Co., Koei Chemical Company Limited, Akzo Nobel Chemicals AB, Luxi Chemical Co., Arkema Group, Dow Amines, Shandong Huala Hengsheng Chemical Co., BorsodChem MCHZ, Feicheng Acid Chemicals Co., Huntsman International LLC, Air Products and Chemicals Inc., Daicel Chemical Industries Ltd., Alkyl Amines Chemicals Ltd., and LCY Chemical Corp.
Segmentation of Alkyl Amine Market Research
-
By Product Type :
- Alkylamines
- Ethylamines
- Propylamines
- Butylamines
- Cyclohexylamines
-
By Application :
- Solvents
- Rubber
- Agrochemicals
- Paper Chemicals
- Fuel Additives
- Pharmaceuticals
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
- FAQs -
What is the demand value of alkyl amine in 2024?
The global alkyl amine market is calculated to reach US$ 7.22 billion in 2024.
What is the sales outlook of alkyl amine for 2034?
Global sales of alkyl amine are approximated to reach US$ 12.09 billion by 2034.
What are the future prospects for alkyl amine?
Worldwide demand for alkyl amine is evaluated to increase at a CAGR of 5.3% from 2024 to 2034.
How much share of global market revenue is East Asia evaluated to hold?
East Asia is calculated to account for 24.6% share of global market revenue by 2034.
What is the contribution of cyclohexylamines to global market revenue?
Cyclohexylamines are calculated to hold 55.7% share of the global market by 2034.
At what CAGR are the sales of alkyl amine projected to rise in South Korea?
The market in South Korea has been forecasted to climb at a CAGR of 8.1% from 2024 to 2034.
Which are the raw materials used in alkyl amine production?
Factory gases and ammonia are used as ethyl alcohol as key raw materials in the manufacturing of alkyl amine.
Alkyl Amine Market
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