According to ChemAnalyst report, “India Alkyl Amine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The India Alkyl Amine Market is likely to grow at a CAGR of 3.37% during the forecasted period by FY2030. The end-use industries Pharmaceuticals, Agrochemicals, Explosives, and Water Treatment are anticipated to favour the Alkyl Amine Market expansion in India in the forthcoming years.
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, 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 have varied applications.
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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 finding 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.
The India Alkyl Amine Market is segmented based on type, end-use, sales channel, and region. 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.
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.
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“India Alkyl Amine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” 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.
“Linked to various downstream industries such as Pharmaceuticals, Rubber Processing, Solvents, Agrochemicals, Explosives, Feed Additives, Paper Chemicals, and Water Treatment, Alkyl Amine can be stated as a versatile chemical. In India, the pharmaceutical industry is the primary consumer of Alkyl Amine to prepare drugs like adrenaline, ephedrine, and pethidine, which is likely to dominate the India Alkyl Amine market in the forecast period till FY2030. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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