Alkylamines Market to Record Study Growth by 2018
An alkyl amine is a compound that has an alkyl group attached to the nitrogen atom of an amine. Alkyl amines arise when one of the three hydrogen atoms in ammonia is replaced by an alkyl. These amines are classified on the basis of the number of alkyl groups present in it by replacing one, two or all three hydrogen atoms in ammonia. Depending on which such Alkyl amines are called as primary alkyl amines, secondary alkyl amines, and tertiary alkyl amines. Cyclic amines comprise of secondary or tertiary amines.
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The alkyl amines market witnessed continuous efforts on research and development owing to which new products are developed with innovative applications in various fields. Alkyl amines have wide applications like in the rubber processing chemicals, production of pesticides, surfactants, and solvents. The end-use markets for alkyl amines include agriculture, explosives, pharmaceuticals, chemicals, and water-treatment. The emerging economies like Latin America and Asia-Pacific are considered to be the major markets for Alkyl amines in the future.
Recent experiments performed in the U.S. have led to the conclusion that methylamines exhibit unique insulin like properties. Methylamine exhibits insulin releasing activity in both conditions i.e. in-vivo or in-vitro. This unique activity can be utilized in manufacturing better anti diabetic drugs than mafenide, as has been observed and reported by the researchers in the U.S. As a result of such innovative upcoming applications, the alkyl amines market is expanding on a global scale.
However, exposure to methylamines results in respiratory tract irritation and skin burns, which has led to stringent government regulations. The alkyl amines market is inhibited due to many issues like storage problems, ill effects on human health, and stringent government regulations. Emerging economies like India and China are major contributors to this market. China is one of the fastest and largest growing production hubs of alkyl amines.
Some of the major players in this industry include Taminco NV, Dow Amines, Alkyl Amines Chemicals Ltd, Akzo Nobel Functional Chemicals AB, BorsodChem MCHZ s.r.o, LCY Chemical Corp, BASF SE, E. I. DuPont De Nemours and Company, Daicel Chemical Industries Ltd, Ashland Inc., Mitsubishi Gas Chemical Company Inc., Koei Chemical Company Limited, Huntsman International LLC, Air Products and Chemicals Inc., and the Arkema Group.
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