According to a recent market study published by Growth Market Reports, titled, “Global Butylamine Market, By Type, By Application, By End Use Industry, and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 312.5 Million in 2022 and is expected to expand at a growth rate of 4.8% by 2031.

As per Growth Market Reports industry analyst, “The Global Butylamine Market is anticipated to register significant growth during the forecast period, 2022-2031. Increasing demand for butylamine from the rubber industry drives the market, as butylamine is used to produce rubber chemicals. Growing pharmaceutical industry in the Asia Pacific further drives the market as butylamine is used in the production of medicines. Butylamine is a primary amine that is widely used in various industries as an intermediate for the production of chemicals, pharmaceuticals, and other organic compounds. It is a colorless liquid with a strong, unpleasant odor similar to that of ammonia or rotten fish. Despite its unpleasant odor, butylamine is a versatile and important chemical in the manufacturing world.”

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One of the primary applications of butylamine is in the production of herbicides, fungicides, and pesticides. These chemicals are used to protect crops and plants from pests and diseases, and butylamine serves as a crucial building block in their manufacture. Butylamine is also used in the production of pharmaceuticals, including antidepressants, antihistamines, and local anesthetics. Additionally, to its use in the manufacturing sector, butylamine is also used as a solvent and reagent in laboratory settings. Its high reactivity makes it useful in a range of chemical reactions, including acid-base reactions and nucleophilic substitution reactions.

However, it is important to note that butylamine is a hazardous material and requires proper handling and storage measures to prevent accidents. Exposure to butylamine can cause skin and eye irritation, respiratory problems, and other health issues. Therefore, it is important to follow safety guidelines and wear appropriate protective equipment when working with butylamine.

Primary and secondary research methodology is used for keen observation and study about the Global Butylamine Market. Primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews are conducted with stakeholders across industry verticals on regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments. Validation of the estimated market size and current and future trends are done from the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess the experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases are analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crisis of global interdependence and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Strict measures are required for monitoring the pandemic, which affected businesses and caused unanticipated short and long-term effects. Consequently, pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 serves as an opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the present scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

  • Key market players include BASF SE, Merck KGaA, OQ CHEMICALS GMBH, Hefei TNJ Chemical Industry Co.,Ltd., Zhejiang Jianye Chemical Co., Ltd., Molekula Group, LobaChemie Pvt. Ltd., EMCO Dyestuff, Central Drug House, Jinan Future Chemical Industry Co.,Ltd, Veeprho, Tokyo Chemical Industry Co., Ltd., Aaron Chemicals LLC., Otto Chemie Pvt. Ltd., Alkyl Amines Chemicals Limited,  and KOEI CHEMICAL CO., LTD.

Report Scope:

Report Metric

Details

Market Value in 2022

USD 312.5 Million

Market Growth Rate (from 2023 to 2031)

4.8%

Historical Data

2016 & 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (USD Million)

Market Segments

By Type, By Application, By End Use Industry, By Distribution Channel, and By Region

Key Companies Profiled

BASF SE, Merck KGaA, OQ CHEMICALS GMBH, Hefei TNJ Chemical Industry Co.,Ltd., Zhejiang Jianye Chemical Co., Ltd., Molekula Group, LobaChemie Pvt. Ltd., EMCO Dyestuff, Central Drug House, Jinan Future Chemical Industry Co.,Ltd, Veeprho, Tokyo Chemical Industry Co., Ltd., Aaron Chemicals LLC., Otto Chemie Pvt. Ltd., Alkyl Amines Chemicals Limited,  and KOEI CHEMICAL CO., LTD.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.


Target Audience:

  • Supply-side: Raw material suppliers and Manufacturers  

  • Demand Side: Industrial sectors

  • Regulatory Side: Concerned government authorities and other regulatory bodies