An alkylamine is a chemical compound consists of an alkyl group that is attached to a nitrogen atom from an amine. Alkylamines come up when in ammonia one out of three hydrogen atoms is substituted by an alkyl. Depending on the numbers of alkyl groups such Alkylamines are named as primary alkylamines (for one group), secondary alkylamines (for two groups), and tertiary alkylamines (for three groups). Cyclic amines include secondary and tertiary amines.
However, stringent government regulations concerning the overexposure of methylamines that result in adverse effects on human. In addition, exposure to methylamines effects in skin burns and respiratory tract irritation, which, in turns, led to stringent government policies and regulations. Moreover, many issues such as storage problems, stringent government regulations, and ill effects on human health are some factors may hamper the global alkylamine market.
Alkylamines are available in three types that are monoamines, diamines, and polyamines. When a chemical compound consisting of a single amine group in the molecule, particularly one that is a neurotransmitter such as noradrenaline or serotonin, is known as monoamines. A diamine is a chemical compound consists of two amino groups and organic in nature. Whereas, a polyamine is a compound consisting of two or more than two amino groups, and can be organic or synthetic also.
Furthermore, Alkylamines can be used in various application such as agriculture, chemicals, surfactants, and pharmaceuticals, for numerous purposes. These chemicals have various properties according to their applications and use requirement. There is rapid adoption of alkylamines for some applications such as agriculture in the form of agrochemicals or pesticides, and chemicals and surfactants. On the other hand, the pharmaceutical sector will create potential opportunities for the target product attributable to the increasing adoption of alkylamines as drugs such as antimalarial, anesthetic, antiulcer, and many more.
The alkylamines market is reasonably fragmented in nature. The high presence of various industry participants creates the target market extremely competitive. Henceforth frequent price variation, merger & acquisitions, and various strategic decisions have been seen. In addition, entry barriers threat is also high for the new participants. Switching costs are low that creates room for customers or buyers and increases competition amongst the present business players. Also, major industry players invest to produce improved and new products so as to advance competitive advantage above fellow participants.
The demand for alkylamines is high in the Asia Pacific region, owing to the high adoption for the target product from the China market. In addition, the emergence of various end-use applications in various countries such as China, Indonesia, Vietnam, Malaysia, India, South Korea, etc. leads to the increasing demand for alkylamines in the coming years. In addition, rising infrastructure spending in numerous counties such as Saudi Arabia, Brazil, Russia, and Mexico is complementing the respective regional market growth. Increasing pharmaceutical application scope in North America, coupled with product innovation and development will rise the product demand in the region.
Some of the Key Players of the global Alkylamines market are BASF, Eastman, Shandong Hualu-Hengsheng Chemical, Dow, Zhejiang Jiangshan Chemical, Akzo Nobel, Zhejiang Xinhua Chemical, Solvay, Huntsman, Zhejiang Jianye Chemical, P&G Chemicals, Amines, Kao Chemical, Shandong Kunda Biotechnology, Tosoh, Mitsubishi Gas Chemical, Arkema, Evonik, Koei Chemical, and Alkylamines Chemicals.