DUBLIN--(BUSINESS WIRE)--The "Alkylamines Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The market for alkylamines is anticipated to register a CAGR over 6% during the forecast period 2019-2024.
Growing pulp and paper industry in developing countries is driving the alkylanines market.
- Growing demand as solvent in paints and coatings industry globally is expected to drive the demand for the market during the forecast period.
- Emission restrictions in transportation sector by regional governments and organizations are likely to hinder the market's growth.
- Increasing innovations in pharmaceutical sector is projected to act as an opportunity for the market in future.
Growing Demand from 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 industries such as automotive, machinery, 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 the developing countries.
- With innovations in the paint formation due to a highly competitive market and 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 over 7% higher in 2019 than 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, expected to drive the demand for the alkylamines during the forecast period.
Asia-Pacific to Dominate the Global Market
- Asia-Pacific region dominated the global market share in 2018. With the growing demand for paints and coatings and growing pharmaceuticals industries in countries such as China, India, Japan, and South Korea, the usage of alkylamines is increasing in the region.
- China is the largest single producer and consumer of alkylamines, accounting to a large chunk of the global capacity in 2018.
- China is the second largest pharmaceutical market globally and is expected to grow at a CAGR of 3.4% over the period of 2018-2022 and estimated to value at USD 145 billion by 2022.
- Indian rubber industry, experiencing the growth at a CAGR of 2.53% over 2014-2018 reporting 1.11 million tons of rubber in 2018 and is expected to reach 1.26 million tons in 2023, in turn increasing the demand of alkylamines in India.
- Over 3/4th of the world's total alkylamines consumption is consumed in Asia-Pacific. Hence, Asia-Pacific's developing countries are expected to be the prime drivers of growth for Alkylamines market, through the forecast period.
The alkylamines market is partially fragmented. Key players in the allkylamines market include BASF SE, Alkyl Amines Chemicals Ltd., Dow Chemicals Company, Eastman Chemical Company and Hutsman Internetional LLC.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Growing Demand as Solvent in Paints & Coatings Industry
4.1.2 Growing Pulp & Paper industry in Developing Countries
4.2 Market Restraints
4.2.1 Emission Restrictions in Transportation Sector by Governments
4.3 Value Chain / Supply Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2.4 Paper Chemicals
5.2.5 Fuel Additives
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.3.2 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle East & Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Akzo Nobel N.V.
6.4.2 Alkyl Amines Chemicals Ltd.
6.4.3 Arkema Group
6.4.4 BASF SE
6.4.5 Eastman Chemical Company
6.4.6 Hutsman International LLC
6.4.7 Kao Corporation
6.4.8 Mitsubishi Chemical Corporation
6.4.9 Procter & Gamble
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Innovations in Pharmaceutical Sector
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/c3ygrw