Alkylamines Market Forecasts to 2030 - Global Analysis By Type (Cyclohexylamines, Ethylamines, Methylamines, Propylamines, Butylamines, Amylamines, Isopropylamines, Isobutylamines, Hexamethylinediamine and Other Types), Manufacturing Process, Application and By Geography
Estimated Year Value (2023)
US $5.98 BN
Projected Year Value (2030)
US $10.66 BN
CAGR (2023 - 2030)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Alkylamines Market is accounted for $5.98 billion in 2023 and is expected to reach $10.66 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Alkylamines is an organic compound created when the nitrogen atom of an amine is linked to an alkyl group. One of the ammonia's three hydrogen atoms is substituted with an alkyl to produce alkyl amines. These amines can be classified into one of three categories depending on how many alkyl groups they contain by exchanging one, two, or all three of the hydrogen atoms in ammonia. Alkyl amines are used in an assortment of products, such as explosives, chemicals, water purification, pharmaceuticals, and agriculture.
According to World Trade Organization (WTO), global alkylamines trade volumes are declined by 13% and 32% in 2020 as a result of the economic impact of COVID-19.
Increasing demand in paints industry
Alkylamines are generally used as solvents in the creation of paints and coatings. Large businesses in the paint and coatings industry are expanding and focusing mostly on developing nations and their economies. This is mainly because emerging nations are experiencing an increase in demand for new structures and other industrial purposes. Due to improved paints, more market competition, and shifting consumer preferences, solvents are being employed in an increasing number of paints and coatings. The market is expanding quickly because of the paint industry's explosive growth.
Alkyl amines are toxic and incur high maintenance costs. Fluctuating prices for raw materials and foreign currency can directly impact the overall market growth of alkyl amines. Ethyl alcohol, ammonia and factory gasses are the primary raw materials. Stringent government regulations on excess exposure of methylamines which have a negative effect on human skin will significantly hinder the overall growth of the industry.
Growing wastewater treatment plants
Alkyl amine is a powerful surfactant that has the capacity to destroy bacteria, making it a potential biocide. When used in water, alkyl amine further strengthens the biocide effects of chlorinated phenolics. By scavenging oxygen, alkyl amines have the dual benefits of improving water quality and preventing corrosion. The need for water treatment facilities is further fuelled by the expanding wastewater discharge into the rivers, where it poses risks to human health, the ecosystem, and the climate. In contrast, the expansion of wastewater treatment facilities in both developed and emerging countries is fuelling the market expansion.
High maintenance cost
Alkylamines have substantial maintenance and shipping expenses due to their hazardous nature. The three main raw materials used to make alkyl amines are ethanol, ammonia, and industrial gases. Alkyl amines' total market growth could be significantly impacted by fluctuations in raw material and currency prices. Alkyl amine's negative effects and expensive price provide a barrier to the market's expansion.
Due to the interruption in the global supply chain caused by COVID-19, the manufacturing of alkylamines has suffered drastically. This is a result of the travel and in-person meeting bans, lockdowns, and curfews implemented to stop the corona virus from spreading further. The pandemic has had an impact on the operations of many various businesses, 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 influence on market expansion.
The methylamines segment is expected to be the largest during the forecast period
The methylamines segment is estimated to have a lucrative growth. Methylamines are significant substances that have a wide range of uses, such as in the production of agricultural chemicals, paints, water treatment chemicals, medicines, corrosion inhibitors, etc. Methylamine may be applied quickly and easily for broad surface areas, coating, and healing procedures. Convenience, simplicity in preparation, and a solid foundation have prompted to the segment's expansion.
The paints & dyes segment is expected to have the highest CAGR during the forecast period
The paints & dyes segment is anticipated to witness the fastest CAGR growth during the forecast period. Alkylamines make up a large portion of the solvent-based paint and dye mix. The need for paints and dyes is increasing in the current environment as a result of growing industries including automotive, equipment, and construction. Large paint and coating businesses are expanding and are mostly concentrated on international economies. Because of improvements in paint formulation, a fiercely competitive market, and changing customer tastes, the use of solvents in paints and coatings is on the rise. The aforementioned factors are propelling segment expansion.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. The use of alkylamines is expanding in the area as a result of the rising demand for paints and dyes and the expanding pharmaceutical industries in nations like China, India, Japan, and South Korea. China makes up a significant portion of the world's capacity for alkylamine production and consumption. Additionally, the expanding paper and pulp sectors in China and India are a significant factor in the alkylamines market. Therefore, it is anticipated that the market for alkylamines would rise most rapidly in the emerging nations of the Asia-Pacific region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. Strict government restrictions, the renovation of wastewater treatment facilities, and the existence of sizable end-use businesses are the key drivers of demand in this area. Alkylamines demand was further enhanced by the use of agrochemicals, solvents, and paints facilities. The market demand in this area is being fuelled by elements including cheap manufacturing costs, increased consumer spending power, and increased agricultural production, particularly in Germany and Spain.
Key players in the market
Some of the key players profiled in the Alkylamines Market include Akzo Nobel NV, BASF SE, Arkema Group, Alkyl Amines Chemicals Ltd, Kao Corporation, Dow, Mitsubishi Chemical Corporation, Eastman Chemical Company, Procter & Gamble, Huntsman International LLC, Solvay, Albemarle Corporation, DuPont, Indo Amines Ltd, Evonik Industries AG, Volant-Chem Corp, Balaji Amines, Hexion, Daicel Corporation and Luxi Group.
In March 2022, BASF has begun production of its first bio-based polyol, Sovermol®, in Mangalore, India. This product serves the fast-growing demand of eco-friendly products for applications in New Energy Vehicles (NEV), windmills, flooring and protective industrial coatings in Asia Pacific.
In February 2022, Eastman’s care additives business has announced the completion of a significant expansion of its tertiary amine capacity, primarily DIMLA 1214, at both its Ghent, Belgium, and Pace, Florida, manufacturing sites.
• Other Types
Manufacturing Processes Covered:
• Nitrile Reduction
• Ritter Reaction
• Alcohol-Amine Reaction
• Direct Amination
• Hydrogenation of Anilines
• Reaction of Alkyl Halides with Amines
• Aldehyde-Amine & Ketamine Hydrogenation Reaction
• Other Manufacturing Processes
• Feed Additives
• Paints & Dyes
• Rubber Processing
• Water Treatment
• Paper Chemicals
• Fuel Additives
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Alkylamines Market, By Type
5.11 Other Types
6 Global Alkylamines Market, By Manufacturing Process
6.2 Nitrile Reduction
6.3 Ritter Reaction
6.4 Alcohol-Amine Reaction
6.5 Direct Amination
6.6 Hydrogenation of Anilines
6.7 Reaction of Alkyl Halides with Amines
6.8 Aldehyde-Amine & Ketamine Hydrogenation Reaction
6.9 Other Manufacturing Processes
7 Global Alkylamines Market, By Application
7.2 Feed Additives
7.5 Paints & Dyes
7.6 Rubber Processing
7.7 Water Treatment
7.8 Paper Chemicals
7.9 Fuel Additives
7.11 Other Applications
8 Global Alkylamines Market, By Geography
8.2 North America
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.5 Other Key Strategies
10 Company Profiling
10.1 Akzo Nobel NV
10.2 BASF SE
10.3 Arkema Group
10.4 Alkyl Amines Chemicals Ltd
10.5 Kao Corporation
10.7 Mitsubishi Chemical Corporation
10.8 Eastman Chemical Company
10.9 Procter & Gamble
10.10 Huntsman International LLC
10.12 Albemarle Corporation
10.14 Indo Amines Ltd
10.15 Evonik Industries AG
10.16 Volant-Chem Corp
10.17 Balaji Amines
10.19 Daicel Corporation
10.20 Luxi Group
List of Tables
1 Global Alkylamines Market Outlook, By Region (2021-2030) ($MN)
2 Global Alkylamines Market Outlook, By Type (2021-2030) ($MN)
3 Global Alkylamines Market Outlook, By Cyclohexylamines (2021-2030) ($MN)
4 Global Alkylamines Market Outlook, By Ethylamines (2021-2030) ($MN)
5 Global Alkylamines Market Outlook, By Methylamines (2021-2030) ($MN)
6 Global Alkylamines Market Outlook, By Propylamines (2021-2030) ($MN)
7 Global Alkylamines Market Outlook, By Butylamines (2021-2030) ($MN)
8 Global Alkylamines Market Outlook, By Amylamines (2021-2030) ($MN)
9 Global Alkylamines Market Outlook, By Isopropylamines (2021-2030) ($MN)
10 Global Alkylamines Market Outlook, By Isobutylamines (2021-2030) ($MN)
11 Global Alkylamines Market Outlook, By Hexamethylinediamine (2021-2030) ($MN)
12 Global Alkylamines Market Outlook, By Other Types (2021-2030) ($MN)
13 Global Alkylamines Market Outlook, By Manufacturing Process (2021-2030) ($MN)
14 Global Alkylamines Market Outlook, By Nitrile Reduction (2021-2030) ($MN)
15 Global Alkylamines Market Outlook, By Ritter Reaction (2021-2030) ($MN)
16 Global Alkylamines Market Outlook, By Alcohol-Amine Reaction (2021-2030) ($MN)
17 Global Alkylamines Market Outlook, By Direct Amination (2021-2030) ($MN)
18 Global Alkylamines Market Outlook, By Hydrogenation of Anilines (2021-2030) ($MN)
19 Global Alkylamines Market Outlook, By Reaction of Alkyl Halides with Amines (2021-2030) ($MN)
20 Global Alkylamines Market Outlook, By Aldehyde-Amine & Ketamine Hydrogenation Reaction (2021-2030) ($MN)
21 Global Alkylamines Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
22 Global Alkylamines Market Outlook, By Application (2021-2030) ($MN)
23 Global Alkylamines Market Outlook, By Feed Additives (2021-2030) ($MN)
24 Global Alkylamines Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
25 Global Alkylamines Market Outlook, By Solvent (2021-2030) ($MN)
26 Global Alkylamines Market Outlook, By Paints & Dyes (2021-2030) ($MN)
27 Global Alkylamines Market Outlook, By Rubber Processing (2021-2030) ($MN)
28 Global Alkylamines Market Outlook, By Water Treatment (2021-2030) ($MN)
29 Global Alkylamines Market Outlook, By Paper Chemicals (2021-2030) ($MN)
30 Global Alkylamines Market Outlook, By Fuel Additives (2021-2030) ($MN)
31 Global Alkylamines Market Outlook, By Agrochemicals (2021-2030) ($MN)
32 Global Alkylamines Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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