Summary

The global alkylamines market was valued at US$6.26 billion in 2023. The market value is expected to reach US$8.93 billion by 2029. Alkylamines are a class of organic compounds consisting of one or more alkyl groups attached to an amine group (NH2). These compounds are versatile intermediates used across a wide range of industrial applications due to their unique chemical properties.

Looking ahead, the alkylamines market is poised for continued growth due to several promising factors. The rising demand for water treatment chemicals is expected to be a significant driver as industrialization and urbanization lead to increasing water pollution levels. Alkylamines are used in water treatment processes to control pH levels and prevent scaling and corrosion. The expanding application of alkylamines in the production of solvents, adhesives, and rubber chemicals, especially in the automotive and construction industries, is also likely to bolster market growth. Moreover, growing environmental regulations are pushing for more sustainable chemical processes, which is expected to encourage innovation and the development of eco-friendly alkylamine derivatives, adding a further dimension to market expansion. The market is expected to grow at a CAGR of approx. 6% during the forecasted period of 2024-2029.

Market Segmentation Analysis:

By Type: The report provides the bifurcation of the global alkylamines market based on the type: Methylamines, Ethylamines, Propylamines, Butylamines, Cyclohexylamines, and Others. Methylamines have historically held the highest share of the global alkylamines market due to their extensive applications across diverse industries. Methylamines are vital in the production of agrochemicals, such as herbicides and pesticides, which are crucial for increasing agricultural productivity. This is particularly important as global food demand continues to rise, necessitating efficient crop protection solutions. Ethylamines are expected to be the fastest-growing segment in the alkylamines market, driven by their increasing demand in multiple industries, particularly agriculture and pharmaceuticals. In the pharmaceutical industry, ethylamines are used in the synthesis of APIs, particularly for medications used to treat cancer, cardiovascular diseases, and neurological disorders. This is particularly relevant as the prevalence of these diseases continues to rise. Ethylamines are also gaining importance in the production of rubber chemicals, solvents, and resins, which are critical for the automotive and construction sectors.

By Region: The report provides insight into the alkylamines market based on the regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific held the major share of the market. China plays a pivotal role in the growth of the Asia Pacific alkylamines market due to its massive industrial base, especially in the agrochemical and pharmaceutical sectors. As the world's largest producer of agrochemicals, China relies heavily on alkylamines for the production of herbicides, pesticides, and fertilizers, which are crucial for sustaining its vast agricultural industry. The country’s focus on enhancing agricultural productivity to meet the needs of its large population has fueled the demand for alkylamines in agrochemical production. The pharmaceutical industry in the US is growing due to the increasing prevalence of chronic diseases and rising healthcare spending, which has spurred the need for alkylamines in drug manufacturing. Furthermore, the country’s focus on water treatment and environmental sustainability, driven by both government initiatives and private sector efforts, has led to increased demand for alkylamines in water treatment chemicals used to maintain industrial water systems and reduce pollution.

Germany has been a key driver of growth in the European alkylamines market, owing to its strong industrial and chemical manufacturing sectors. As the largest economy in Europe, Germany's demand for alkylamines has been fueled by the country's robust automotive industry, which uses alkylamines in the production of rubber chemicals, solvents, and adhesives for manufacturing various automotive components. The country’s chemical sector, which is one of the largest in Europe, also relies on alkylamines for producing specialty chemicals and intermediates.

Market Dynamics:

Growth Drivers: The global alkylamines market has been growing over the past few years, due to factors such as growing demand for agrochemicals, expanding personal care and cosmetics industry, escalating pharmaceutical industry, rapid urbanization and industrialization, growing demand for wastewater treatment, rising usage of cyclohexylamines in artificial sweeteners, and many other factors. The growing pharmaceutical industry is having a substantial impact on the expansion of the global alkylamines market, as alkylamines are widely used as intermediates in the synthesis of active pharmaceutical ingredients (APIs) and other drug formulations. With increasing healthcare needs driven by an aging global population, the rise of chronic diseases, and the demand for innovative medical treatments, the pharmaceutical industry is witnessing rapid growth. This, in turn, is boosting the demand for alkylamines, which are essential for producing a variety of medications, including antibiotics, antidepressants, and antihistamines.

Challenges: However, the market growth would be negatively impacted by various challenges such as fluctuations in the raw materials price, health and safety concerns, etc. Alkylamines are derived from various raw materials, including ammonia, alcohols, and hydrocarbons, whose prices can be volatile due to factors such as geopolitical instability, changes in supply and demand dynamics, and fluctuations in crude oil prices. When the prices of these raw materials increase, manufacturers face higher operational costs, which can lead to reduced profitability.

Trends: The market is projected to grow at a fast pace during the forecast period, due to technological advancements, shift toward sustainability and bio-based chemicals, increasing focus on specialty chemicals, etc. The shift toward sustainability and bio-based chemicals is increasingly contributing to the growth of the global alkylamines market by driving demand for environmentally friendly and renewable alternatives. As industries and consumers become more conscious of the environmental impact of traditional petrochemical-derived products, there is a rising preference for bio-based alkylamines, which are derived from renewable resources like plant-based feedstocks. These bio-based alternatives help reduce carbon footprints and dependence on fossil fuels, aligning with global sustainability goals and regulatory mandates aimed at minimizing environmental impact.

Impact Analysis of COVID-19 and Way Forward:

The overall impact of COVID-19 on the global Alkylamines market in 2020 was negative. The pandemic caused significant disruptions in supply chains, manufacturing activities, and end-use industries like automotive, rubber, and construction, leading to a decline in demand for alkylamines. Although certain sectors such as pharmaceuticals, agrochemicals, and water treatment experienced steady or increased demand, they were not enough to offset the broader downturn in industries severely affected by lockdowns and economic slowdowns. The global alkylamines market saw a degree of recovery toward the end of 2020 and into 2021. The demand from essential industries, coupled with the gradual reopening of economies, helped offset the losses seen in sectors like automotive and rubber.

Competitive Landscape:

The global alkylamines market is fragmented in nature. The key players in the global alkylamines market are:

BASF SE
The Dow Chemical Company
Eastman Chemical Company
Huntsman Corporation
Arkema
Kao Corporation
Mitsubishi Chemical Group Corporation
Solvay SA
Evonik Industries AG
Balaji Amines Ltd.
Alkyl Amines Chemicals Limited
Global Amines Ltd.

Companies are focusing on expanding their production capacities and enhancing product portfolios to meet the growing demand across industries such as pharmaceuticals, agrochemicals, water treatment, and personal care. A key strategy being adopted is vertical integration, where major players are investing in securing raw material supplies and streamlining their production processes to ensure cost efficiency and consistent quality. This enables them to maintain stable pricing while reducing dependency on third-party suppliers.

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Table of Contents

1. Executive Summary

2. Introduction

2.1 Alkylamines: An Overview
2.1.1 Introduction to Alkylamines

2.2 Alkylamines Segmentation: An Overview

3. Global Market Analysis

3.1 Global Alkylamines Market: An Analysis

3.1.1 Global Alkylamines Market: An Overview
3.1.2 Global Alkylamines Market by Value
3.1.3 Global Alkylamines Market by Type (Methylamines, Ethylamines, Propylamines, Butylamines, Cyclohexylamines, and Others)
3.1.4 Global Alkylamines Market by Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa)

3.2 Global Alkylamines Market: Type Analysis

3.2.1 Global Alkylamines Market by Type: An Overview
3.2.2 Global Methylamines Alkylamines Market by Value
3.2.3 Global Ethylamines Alkylamines Market by Value
3.2.4 Global Propylamines Alkylamines Market by Value
3.2.5 Global Butylamines Alkylamines Market by Value
3.2.6 Global Cyclohexylamines Alkylamines Market by Value
3.2.7 Global Others Alkylamines Market by Value

4. Regional Market Analysis

4.1 Asia Pacific Alkylamines Market: An Analysis

4.1.1 Asia Pacific Alkylamines Market: An Overview
4.1.2 Asia Pacific Alkylamines Market by Value
4.1.3 Asia Pacific Alkylamines Market by Type (Methylamines, Ethylamines, Propylamines, Butylamines, Cyclohexylamines, and Others)
4.1.4 Asia Pacific Alkylamines Market Type by Value
4.1.5 Asia Pacific Alkylamines Market by Region (China, Japan, India, South Korea, Australia, and Rest of the Asia Pacific)
4.1.6 China Alkylamines Market by Value
4.1.7 Japan Alkylamines Market by Value
4.1.8 India Alkylamines Market by Value
4.1.9 South Korea Alkylamines Market by Value
4.1.10 Australia Alkylamines Market by Value
4.1.11 Rest of Asia Pacific Alkylamines Market by Value

4.2 North America Alkylamines Market: An Analysis

4.2.1 North America Alkylamines Market: An Overview
4.2.2 North America Alkylamines Market by Value
4.2.3 North America Alkylamines Market by Type (Methylamines, Ethylamines, Propylamines, Butylamines, Cyclohexylamines, and Others)
4.2.4 North America Alkylamines Market Type by Value
4.2.5 North America Alkylamines Market by Region (The US, Canada, and Mexico)
4.2.6 The US Alkylamines Market by Value
4.2.7 Canada Alkylamines Market by Value
4.2.8 Mexico Alkylamines Market by Value

4.3 Europe Alkylamines Market: An Analysis

4.3.1 Europe Alkylamines Market: An Overview
4.3.2 Europe Alkylamines Market by Value
4.3.3 Europe Alkylamines Market by Type (Methylamines, Ethylamines, Propylamines, Butylamines, Cyclohexylamines, and Others)
4.3.4 Europe Alkylamines Market Type by Value
4.3.5 Europe Alkylamines Market by Region (Germany, The UK, France, Italy, Spain, and Rest of the Europe)
4.3.6 Germany Alkylamines Market by Value
4.3.7 The UK Alkylamines Market by Value
4.3.8 France Alkylamines Market by Value
4.3.9 Italy Alkylamines Market by Value
4.3.10 Spain Alkylamines Market by Value
4.3.11 Rest of Europe Alkylamines Market by Value

4.4 Latin America Alkylamines Market: An Analysis

4.4.1 Latin America Alkylamines Market: An Overview
4.4.2 Latin America Alkylamines Market by Value

4.5 Middle East & Africa Alkylamines Market: An Analysis

4.5.1 Middle East & Africa Alkylamines Market: An Overview
4.5.2 Middle East & Africa Alkylamines Market by Value

5. Impact of COVID-19

5.1 Impact of COVID-19 on Global Alkylamines Market
5.2 Post COVID-19 Impact on Global Alkylamines Market

6. Market Dynamics

6.1 Growth Drivers
6.1.1 Growing Demand for Agrochemicals
6.1.2 Expanding Personal Care and Cosmetics Industry
6.1.3 Escalating Pharmaceutical Industry
6.1.4 Rapid Urbanization and Industrialization
6.1.5 Growing Demand for Wastewater Treatment
6.1.6 Rising Usage of Cyclohexylamines in Artificial Sweeteners

6.2 Challenges
6.2.1 Fluctuations in the Raw Materials Price
6.2.2 Health and Safety Concerns

6.3 Market Trends
6.3.1 Technological Advancements
6.3.2 Shift Toward Sustainability and Bio-based Chemicals
6.3.3 Increasing Focus on Specialty Chemicals

7. Competitive Landscape

7.1 Global Alkylamines Market: Competitive Landscape

8. Company Profiles

8.1 BASF SE
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy

8.2 The Dow Chemical Company
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy

8.3 Eastman Chemical Company
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy

8.4 Huntsman Corporation
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy

8.5 Arkema
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy

8.6 Kao Corporation
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy

8.7 Mitsubishi Chemical Group Corporation
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy

8.8 Solvay SA
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy

8.9 Evonik Industries AG
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy

8.10 Balaji Amines Ltd.
8.10.1 Business Overview
8.10.2 Operating Segments

8.11 Alkyl Amines Chemicals Limited
8.11.1 Business Overview
8.11.2 Net Sales by Product

8.12 Global Amines Ltd.
8.12.1 Business Overview
8.12.2 Business Strategy

List of Figures

Figure 1: Alkylamines Segmentation by Type
Figure 2: Global Alkylamines Market by Value; 2019-2023 (US$ Billion)
Figure 3: Global Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 4: Global Alkylamines Market by Type; 2023 (Percentage, %)
Figure 5: Global Alkylamines Market by Region; 2023 (Percentage, %)
Figure 6: Global Methylamines Alkylamines Market by Value; 2019-2023 (US$ Billion)
Figure 7: Global Methylamines Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 8: Global Ethylamines Alkylamines Market by Value; 2019-2023 (US$ Billion)
Figure 9: Global Ethylamines Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 10: Global Propylamines Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 11: Global Propylamines Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 12: Global Butylamines Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 13: Global Butylamines Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 14: Global Cyclohexylamines Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 15: Global Cyclohexylamines Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 16: Global Others Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 17: Global Others Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 18: Asia Pacific Alkylamines Market by Value; 2019-2023 (US$ Billion)
Figure 19: Asia Pacific Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 20: Asia Pacific Alkylamines Market by Type; 2023 (Percentage, %)
Figure 21: Asia Pacific Alkylamines Market Type by Value; 2019-2023 (US$ Million)
Figure 22: Asia Pacific Alkylamines Market Type by Value; 2024-2029 (US$ Million)
Figure 23: Asia Pacific Alkylamines Market by Region; 2023 (Percentage, %)
Figure 24: China Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 25: China Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 26: Japan Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 27: Japan Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 28: India Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 29: India Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 30: South Korea Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 31: South Korea Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 32: Australia Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 33: Australia Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 34: Rest of Asia Pacific Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 35: Rest of Asia Pacific Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 36: North America Alkylamines Market by Value; 2019-2023 (US$ Billion)
Figure 37: North America Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 38: North America Alkylamines Market by Type; 2023 (Percentage, %)
Figure 39: North America Alkylamines Market Type by Value; 2019-2023 (US$ Million)
Figure 40: North America Alkylamines Market Type by Value; 2024-2029 (US$ Million)
Figure 41: North America Alkylamines Market by Region; 2023 (Percentage, %)
Figure 42: The US Alkylamines Market by Value; 2019-2023 (US$ Billion)
Figure 43: The US Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 44: Canada Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 45: Canada Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 46: Mexico Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 47: Mexico Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 48: Europe Alkylamines Market by Value; 2019-2023 (US$ Billion)
Figure 49: Europe Alkylamines Market by Value; 2024-2029 (US$ Billion)
Figure 50: Europe Alkylamines Market by Type; 2023 (Percentage, %)
Figure 51: Europe Alkylamines Market Type by Value; 2019-2023 (US$ Million)
Figure 52: Europe Alkylamines Market Type by Value; 2024-2029 (US$ Million)
Figure 53: Europe Alkylamines Market by Region; 2023 (Percentage, %)
Figure 54: Germany Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 55: Germany Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 56: The UK Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 57: The UK Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 58: France Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 59: France Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 60: Italy Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 61: Italy Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 62: Spain Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 63: Spain Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 64: Rest of Europe Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 65: Rest of Europe Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 66: Latin America Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 67: Latin America Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 68: Middle East & Africa Alkylamines Market by Value; 2019-2023 (US$ Million)
Figure 69: Middle East & Africa Alkylamines Market by Value; 2024-2029 (US$ Million)
Figure 70: Global Agrochemical Market Volume; 2021-2030 (Million Metric Tons)
Figure 71: Global Personal Care and Cosmetics Market Size; 2022–2026 (US$ Billion)
Figure 72: Global Pharmaceutical Market; 2018-2023 (US$ Trillion)
Figure 73: Global Urban Population as Share of Total Population; 2021-2030 (Percentage, %)
Figure 74: BASF SE Sales by Segments; 2023 (Percentage, %)
Figure 75: The Dow Chemical Company Net Sales by Segments; 2023 (Percentage,%)
Figure 76: Eastman Chemical Company Net Sales by Segment; 2023 (Percentage, %)
Figure 77: Huntsman Corporation Revenue by Segment; 2023 (Percentage, %)
Figure 78: Arkema Sales by Segment; 2023 (Percentage, %)
Figure 79: Kao Corporation Net Sales by Segment; 2023 (Percentage, %)
Figure 80: Mitsubishi Chemical Group Corporation Sales Revenue by Segment; 2024 (Percentage, %)
Figure 81: Solvay SA Net Sales by Segment; 2023 (Percentage, %)
Figure 82: Evonik Industries AG Sales by Segment; 2023 (Percentage, %)
Figure 83: Balaji Amines Ltd. Revenue by Segment; 2024 (Percentage, %)
Figure 84: Alkyl Amines Chemicals Limited Net Sales by Product; 2024 (Percentage, %)