The global Alkylaminesmarket was valued at USD 4.61billion in 2016 and is projected to reach USD 7.93billionby 2025, growing at a CAGR of 6.20% from 2017 to 2025.
Alkylamines find application in wide variety of industries. The demand for these chemicals is high as they are starting materials for a wide range of chemicals used in end-use applications. The presence of large number of manufacturing facilities in Asia Pacific is expected to boost market demand over the forecast period.
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1. Market Drivers
1.1 Diversified product lines
1.2 Emergence of high end applications
2. Market Restraints
2.1 Hazard involved during transportation
The global Alkylaminesmarket is segmented on the type, application, and region.
1. By Type:
2. By Application:
2.3 Feed Additives
2.4 Rubber Processing
2.5 Feed Additives
2.7 Water Treatment
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3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. OXEA GmbH
4. Shandong Hualu-Hengsheng Chemical Co. Ltd.
5. Mitsubishi Gas Chemical Company
7. Koei Chemical Company
9. Luxi Chemical Group
10. Alkyl Amines Chemicals
11. Feichang Acid Chemicals
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.