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Alkylamines Are Expected To Be The Highest Revenue-Generating Category, Projected To Register A CAGR Of 5% CAGR By 2032

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Pais, Nov. 25, 2022 (GLOBE NEWSWIRE) — The Alkyl Amines Market revenues were estimated at US$ 6.6 Bn in 2022 and is anticipated to grow at a CAGR of 5.3% from 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach a valuation of US$ 12 Bn. During 2022 – 2032, the market is likely to garner an absolute dollar opportunity of US$ 5.4 Bn.

One of the key factors boosting the alkyl amines demand is the extensive use of Alkyl Amines as a solvent throughout numerous industries such as the paints and coatings industry, rubber manufacturing, pharmaceutical, agrochemicals, and water purification. In the future, feed additives and paper chemicals applications will further add to this requirement.

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From 2021 to 2027, the water treatment sector is anticipated to account for a significant proportion of the alkylamines market. Due to their remarkable cleaning capabilities, these materials are widely used in water treatment chemicals. The depletion of water resources and the growing demand for safe drinking water are leading to increased investments in water treatment facilities.

Key Takeaways from the Market Study

  • Global Alkyl Amines Market are estimated to reach a market size of US$ 6.6 Bn by 2022.
  • Methylamines are expected to account for the highest CAGR of 5% during the forecast period.
  • United States is likely to remain the dominant market with an absolute dollar opportunity of US$ 1.9 Bn during 2022 – 2032.
  • The market in China is set to experience the highest CAGR of 5.6% during the 2022-2032 forecast periods.

Competitive Analysis

The alkyl amines industry is diversified and competitive due to a large number of industry participants. As a result, pricing wars, mergers and, acquisitions, and other strategic decisions are common. For new entrants, there exist significant entry barriers. Low switching costs give purchasers more options and boost competitiveness among business operators. Key industry participants invest in bettering their products in order to acquire a competitive advantage over their peers.
Some of the key companies in the alkyl amines market include E.I. Du Pont DE Nemours, BASF SE, Akzo Nobel Chemicals AB, Arkema Group, Shandong Huala Hengsheng Chemical Co., Feicheng Acid Chemicals Co., Ltd., Air Products and Chemicals Inc., Huntsman International LLC, Dow Amines, Mitsubishi Gas Chemical Company, LCY Chemical Corp., Luxi Chemical Co., Ltd., Koei Chemical Company Limited, Taminco, Eastman Chemical Co., Daicel Chemical Industries Ltd., BorsodChem MCHZ and Alkyl Amines Chemicals Ltd.

Some of recent developments in the Alkyl Amines Market are:

  • BASF recently announced that at the Verbund location in Antwerp, Belgium, it is constructing a new world-scale manufacturing plant for alkylethanolamines. The business plans to boost worldwide annual production of its alkylethanolamines portfolio, which includes dimethylethanolamines and methyldiethanolamines, by about 30% to more than 140,000 metric tonnes per year after the anticipated start-up in 2024. BASF offers a dependable and long-term supply of alkylethanolamines by a high degree of domestic backward integration.

                  The alkylethanolamines are mostly utilized as flocculant precursors in water treatment and as adhesives between pigment and resins in the coatings industry. Other uses include gas remediation, fabric softeners, metalworking fluid additives, and polyurethanes.

  • Recently, Huntsman Corporation announced that its Performance Products business would expand its manufacturing plant in Petfurdo, Hungary, to accommodate growing demands for polyurethane catalysts including specialty amines. In recent years, Huntsman has observed an increase in demand for their JEFFCAT amine catalysts.

These specialty amines are utilized in the production of daily things such as foam for automotive seats, beds, and building insulation spray foam. Huntsman’s current generation revolutionary product range aids industry efforts to reduce consumer product emissions and smells while also contributing to global environmental goals.

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Market Segments Covered in Alkyl Amines Market Analysis

  • By Product type:       
    • Alkylamines
    • Ethylamines
    • Propylamines
    • Butylamines
    • Cyclohexylamines
  • By Application:
    • Solvent
    • Rubber
    • Agrochemical
    • Paper Chemicals
    • Fuel Additives
    • Pharmaceuticals
    • Other Applications
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America

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Global Alkyl Amines Market Analysis and Forecast by Region

  • North America Alkyl Amines Market Size and Forecast, 2022-2032
  • Germany Alkyl Amines Market Size and Forecast, 2022-2032
  • UK Alkyl Amines Market Size and Forecast, 2022-2032
  • France Alkyl Amines Market Size and Forecast, 2022-2032
  • Spain Alkyl Amines Market Size and Forecast, 2022-2032
  • Japan Alkyl Amines Market Size and Forecast, 2022-2032
  • China Alkyl Amines Market Size and Forecast, 2022-2032
  • Malaysia Alkyl Amines Market Size and Forecast, 2022-2032
  • Thailand Alkyl Amines Market Size and Forecast, 2022-2032
  • Australia Alkyl Amines Market Size and Forecast, 2022-2032

Key Questions Covered in the Alkyl Amines Market Report

  • What will be the estimated size of the Alkyl Amines Market in 2022?
  • At what rate will sales in the global Alkyl Amines Market grow until 2032?
  • Which are the factors hampering the demand in the artificial sweetener market?
  • Which region will spearhead the growth in the global Alkyl Amines Market during 2022-2032?
  • Which are the factors driving sales in the Alkyl Amines Market during the forecast period?

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Global Alkyl Amines Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Global Alkyl Amines Market by Product Type (Alkylamines, Ethylamines, Propylamines, Butylamines, and Cyclohexylamines), by Application (Solvent, Rubber, Agrochemical, Paper Chemicals, Fuel Additives, Pharmaceuticals, and Other Applications), across five regions (North America, Asia Pacific)

Check out more related studies published by Fact.MR Research:

Alkylate MarketAccording to Fact.MR’s recent study on the global alkylate market, the market is expected to exhibit modest growth, ascending at around 2.5% CAGR through 2031. Expected valuation by the end of the forecast period is approximately US$ 100 Bn, with projections for 2021 indicating a market value worth US$ 78.1 Bn. Demand from the aviation and automobile sectors coupled with advancements in manufacturing infrastructure is expected to drive growth further over the coming years.

Polyalkylene Glycols MarketThe global polyalkylene glycols market stands at a valuation of US$ 2.3 billion by 2022 and is speculated to reach a sales revenue of US$ 5.5 billion by the end of 2032. Worldwide shipments of polyalkylene glycols are slated to increase at an impressive CAGR of 9.1% over the next ten years. Demand for polyalkylene glycols in China is forecasted to rise at a phenomenal CAGR of 10.8% over the next ten years and account for an estimated market valuation of US$ 1.9 billion by the end of 2032.

Alkyl Polyglucoside Market – The global alkyl polyglucoside (APG) market is anticipated at US$ 1.3 billion in 2022 and is anticipated to expand briskly at a CAGR of 8% to reach US$ 2.9 billion by the end of 2032. Sales of alkyl polyglucoside accounted for around 23% share of the global sugar-based surfactants market at the end of 2021.

Europe Alkyl Polyglucoside MarketDuring the projected period, the Europe alkyl polyglucoside market is predicted to grow at a CAGR of 5% across the 2022-2032 period of assessment. By the end of the said forecast duration, a market valuation worth US$ 700 Million is projected. As of 2021, the market was valued at US$ 430 Million, which is expected to rise to US$ 450 Million by 2022-end, reflecting a Y-o-Y increase of 4.6%.

Antiblock Agents MarketThe availability of antiblock agents at low costs with wide range of applications in plastic industry will help in their sales growth. The custom forms of antiblock agents being developed by leading manufacturers will also help in their sales growth in coming years. Growth in use of polymer films like polyethylene, polypropylene or vinyl films in various industrial and nanotechnology applications will help in growth of antiblock agents sales.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That’s why focus on offering insights that can actually make a difference to bottom-lines.

Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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