The India Alkyl Amine market is anticipated to grow at a steady CAGR of 3.37% by FY2030.
Amines are derivatives of Ammonia. When one or more than one hydrogen is replaced with alkyl substituents, then it is called Alkyl Amine. Based on the type, the market of Alkyl Amine is segmented into Methyl Amine and Higher Alkyl Amines (Ethyl Amines, Propyl Amines, Butyl Amines and Cyclohexyl Amines). Alkyl Amines are active compounds and thus, it has varied applications. Propylamines function as an additive in the petroleum sector and as a plastics regulator. Moreover, it serves as an intermediary for rubber chemicals, coating chemicals, and medications.
Increasing demand from the personal care, agriculture, water treatment, paint and coating and petroleum industries are the key drivers for the growth of Alkyl Amine market. Methyl Amine held largest volumetric share of the Alkyl Amine market. Monomethylamine (MMA), with dimethylamine (DMA) and trimethylamine (TMA) are the three kinds of methyl amine with MMA having numerous applications in dyestuff, mining, natural gas treatment, rocket fuel, pharmaceuticals, water treatment, and for manufacturing insecticides. Growing demand for Alkyl Amines in the agrochemical and water treatment segments in the Asia-Pacific Region is due to growing population. The booming use of C1-C6 alkyl amines as pesticides in the agrochemical industries also contributes to the market’s expansion. Although expanding applications for solvents in the manufacture of spandex, polyurethane elastomers, and polyimide films further support the market’s expansion.
Based on region, the India Alkyl Amine Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been dominating the market. In FY2022, West India consumed approximately 42% of the market, owing to the presence of numerous manufacturers located in Western states like Gujarat and Maharashtra.
The end-use industries for Alkyl Amine include Pharmaceuticals, Agrochemicals, Explosives, Water Treatment, and Others. Among these, the pharmaceuticals industry is dominating the Alkyl Amines market with a market share of 45% in FY2022.
Domestic players in the India Alkyl Amine market are Alkyl Amines Chemicals Limited, Rashtriya Chemicals and Fertilizers Ltd., and Balaji Amines Limited. Other major companies operating in Alkyl Amine market include Shandong IRO Amine Industry Co., Ltd, Jiangxi Hurricane Chemical Co., Ltd., BASF Company Ltd., Mitsubishi Chemical, Anyang Jiutian Fine Chemical Co. Ltd., Tosoh Corporation, Huntsman Corporation, Dow Chemical, Eastman Chemicals, and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2030
Objective of the Study:
- To assess the demand-supply scenario of Alkyl Amine which covers production, demand and supply of Alkyl Amine market in India.
- To analyse and forecast the market size of Alkyl Amine in India.
- To classify and forecast India Alkyl Amine market based on end-use and regional distribution.
- To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Alkyl Amine market in India.
To extract data for India Alkyl Amine market, primary research surveys were conducted with Alkyl Amine manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Alkyl Amine market over the coming years.
ChemAnalyst calculated Alkyl Amine demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Alkyl Amine to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
- Alkyl Amine manufacturers and other stakeholders
- Organizations, forums and alliances related to Alkyl Amine distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Alkyl Amine manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, India Alkyl Amine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by Type: Methyl Amine and Higher Alkyl Amines (Ethyl Amines, Propyl Amines, Butyl Amines and others)
- Market, by End-use: Pharmaceuticals, Agrochemicals, Explosives, Water Treatment, and Others
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: Northern India, Southern India, Eastern India, Western India
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.