R&D Activity and Newer Application Areas Sustain Growth in the Global Alkylamines Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Alkylamines market. The global market for alkylamines is forecast to reach 1019 thousand tons by 2017, driven by research and development activity, and evolving newer application areas. Additionally, emerging markets in the Asia-Pacific and Latin American region are expected to drive the future growth prospects of the global alkylamines market.

Alkylamines: A Global Strategic Business Report

Follow us on LinkedIn – Alkylamines are used in a broad range of applications, such as in pharmaceuticals, water treatment plants, as solvents in the manufacture of fibers and microchips, in the manufacture of crop protection products, and in the paper industry. Agricultural chemicals (primarily pesticides), solvents, water treatment, and surfactants are the largest markets for methyl and higher amines, accounting for about 60% to 65% of the total consumption. Among these, agrochemicals and solvents are the largest users. Refinery gas treatment, rubber accelerators, paint and coatings, and pharmaceuticals account for about 35% of the consumption. Given the fact that alkylamines are used as intermediates across diverse sectors, the market continues to witness unabated research and development efforts, which are leading to new discoveries in the innovative application areas. For instance, through research and development, it was discovered that Methylamine has a unique ability to imitate insulin-like activity, thereby making it a better anti-diabetic drug than mafenide. Also, research studies conducted revealed that alkylamines and propanolamines obtained from fluoxetine could be effective appetite suppressants. Scientists have developed alkylamine and propanolamine analogues of fluoxetine, and assessed their anorexigenic and antidepressant activities. By studying various substituents at C-4 aryl position of fluoxetine, it was found that alkylamines exhibit anorexigenic activity, along with antidepressant activity, while propanolamines exhibit anorexigenic activity without being antidepressant. With the research and development activity indicating newer application areas, the growth prospects for Alkylamines look promising in the years to come.

The United States represents the single largest regional market for alkylamines, as stated by the new market research report on Alkylamines. The US market for amines is witnessing a steady rise in demand, mainly fueled by new end-use applications, such as wood preservatives, personal care products, detergents, and glyphosate herbicides. In terms of growth, Asia-Pacific, led by China and India among others, is forecast to expand at the overall fastest compounded annual growth rate of over 3.7% for the analysis period 2009-2017. China is witnessing a steady increase in demand for various amines, including alkylamines and ethylene amines. As a result, leading chemical companies worldwide announced plans to undertake major investment initiatives in the Chinese ethylene amines market.

Methylamines represent the largest product segment for alkylamines, followed by ethylamines. Methylamine, which forms the simplest form of the alkylamines group, is used as intermediates in several specialty chemicals, with applications in shampoos, water-treatment chemicals, liquid detergents, solvents, and animal feed. The market is also projected to sail ahead at the fastest CAGR through 2017, spurred by the rapid growth in Monomethylamines and Trimethylamines segments. Ethylamine, on the other hand, is expected to face the brunt of declining demand from pesticides market.

Key market participants profiled in the report include Air Products and Chemicals Inc., Alkyl Amines Chemicals Ltd., Arkema Group, Ashland Inc., BASF SE, BorsodChem MCHZ s.r.o, Daicel Corp., E. I. Du Pont De Nemours and Company, Dow Amines, Huntsman International LLC Koei Chemical Company Limited, LCY Chemical Corp., Mitsubishi Gas Chemical Company Inc., and Taminco NV, among others.

The research report titled “Alkylamines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, product overview, recent industry activity, and profiles of market players worldwide. Analysis and overview is provided for the period 2009-2017 for major geographic markets, such as the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Market analytics are presented in terms of volume (tons) for product segments, including Methylamines (Monomethylamines, Dimethylamines and Trimethylamines), Ethylamines (Monoethylamines, Diethylamines and Triethylamines), Propylamines, Cyclohexylamines and Butylamines. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Alkylamines_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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