Alkylamines are expected to be the highest revenue generating category
Water treatment drives significant portion of alkylamine market, with construction and automotive driving further growth.
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.