Alkyl Amines Market Outlook - Supply and Demand Analysis 2024-2032

Alkyl Amines Market

Alkyl amines, also known as arylamines, are compounds that are obtained via the reaction of ammonia and methanol over a silica-alumina catalyst. Of the alkyl amine group, methylamine is the smallest member, and it can be further divided into monomethylamine (MMA), dimethylamine (DMA), and trimethylamine (TMA). These nitrogen-containing compounds play an important role in many fields such as the preparation of agrochemicals, explosives, surfactants, dyes, and additives, among others. Furthermore, derivatives of nitrogen act as building blocks in the preparation of various bioactive compounds like nucleotides, vitamins, amino acids, organic catalysts, and others.

Global Supply/Demand Outlook

The global alkyl amines market stood at a volume of around 1,976 KT in 2023. The market is projected to grow at a CAGR of 5.10% between 2024 and 2032 to reach a volume of about 3,060 KT by 2032. Methyl and ethyl amines are used in the pharmaceutical sector for making various formulations and drugs. The growth of the pharmaceutical sector and the rising demand for bioactive compounds are aiding the growth of the market, with the pharmaceutical industry contributing to nearly 51% of the alkyl amines consumption on a global scale. The segment is anticipated to remain the largest end user in the forecast period as well. Meanwhile, the agrochemical segment is also expected to emerge as a key application sector driving the consumption of alkyl amines.

The global capacity of alkyl amines was about 2,440 KT in the year 2023. It is estimated to reach around 3,500 KT by 2032. The Asia Pacific region holds the major share of alkyl amines capacities, representing around 66% of the global production capacity.

Regional Market Analysis

In the Asia Pacific, the increasing demand for crop protection chemicals, which are produced using ethyl amines, contributes to the regional demand for alkyl amines.

Ammonia, ethyl alcohol, and factory gases are the main raw materials required for the production of alkyl amines. In the US, prices of ammonia witnessed a significant decline in March 2023, which resulted in the reduced production cost and prices of alkyl amines.

Key Market Players

The top five manufacturers of alkyl amines are Anyang Jiutian Fine Chemicals Co. Ltd., Mitsubishi Gas Chemical Company Inc., Tosoh Corp., Alkyl Amines Chemicals Ltd., and Huntsman Corporation.

AACL (Alkyl Amines Chemicals Ltd.) announced to expand its aliphatic amines capacity by 30% in the year 2024 to approximately 200 ktpa and add new specialty products to increase margin amidst challenges related to demand. The India-based company is making efforts to improve its product quality and production operations. The firm’s growing emphasis on amine derivatives to reduce dependency on cross-border supply chain is expected to help diversify its revenue stream. The company operates more than 20 production plants across three manufacturing sites in the western states of Gujarat and Maharashtra.

Other major manufacturers of alkyl amines are BASF SE, Akzo Nobel N.V., Eastman Chemical Company, Arkema S.A., Koei Chemical Co., Ltd., Kao Corporation, Tokyo Chemical Industry Co., Ltd., and Oxea GmbH.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for alkyl amines by application and region?

• What are the types of alkyl amines available by region?

• Which segments and regions are projected to grow at a faster pace and why in the alkyl amines market?

• What is the nameplate capacity of alkyl amines by region from 2018 to 2032?

• How does the plant capacity utilisation of alkyl amines vary by region between 2018 and 2032?

• Who are the major players in the alkyl amines market by capacity and region?

• What major plant shutdowns and expansions have occurred in the alkyl amines market in the last year and the last quarter?

• What major plant shutdowns and expansions are planned in the alkyl amines market over the next year and quarters?

• How did export and import dynamics of alkyl amines vary by region in terms of value between 2018 and 2023?

• How did export and import dynamics of alkyl amines vary by region in terms of volume between 2018 and 2023?

• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of alkyl amines?

• What are the environmental considerations and regulatory impacts affecting the alkyl amines market?

• What technological innovations are having an impact on the production and application of alkyl amines?

• What are the key trends and innovations in the alkyl amines market?

• What are the challenges and opportunities faced by alkyl amines manufacturers?

• What are the potential risks and barriers to entry for new players in the alkyl amines market?

• What strategic investments and expansions have major players made in the alkyl amines market?

• How are geopolitical factors and international trade policies affecting the global alkyl amines market?

• What are the price trends for alkyl amines, and how are they expected to change?

• How does the supply chain of alkyl amines operate, and what are its key components?