According to a recent market study published by Growth Market Reports, titled, “Global Methylamine Market, By Derivative Type, By Form, By Application, By End-use Industry, and By Region: Size, Share, Trends and Opportunity Analysis, 2022-2030”, the market was valued at USD 1,573.5 Million in 2021 and is expected to expand at a growth rate of 4.41% by 2030.

As per Growth Market Reports industry analyst, Priya Dasgupta, “The global methylamine market is anticipated to register significant growth during the forecast period, 2022-2030. Increasing demand for food grains, due to the growing population, has boosted agricultural production. This is driving the demand for various agrochemicals, including pesticides, herbicides, insecticides, and fungicides. This is boosting the global methylamine market.”

Methylamine is a form of organic compound that is derived from amines and is often found in the form of a colorless gas. It is derived from ammonia, with one hydrogen replaced by a methyl group. Methylamine is considered as the simplest form of amine. It is found in a solid form in a pressurized environment. Vapors are heavier than normal air, hence they tend to form a cluster in low-lying areas. This leads to easy ignition. Methylamine is often transported in an anhydrous form within pressurized railcars and tank trailers, as it leaks easily. Methylamine is used in pharmaceuticals, insecticides, paint removers, surfactants, and rubber chemicals, among others. The market is anticipated to register significant growth opportunities as a result of increased research and development activities to expand the applications of methylamine.

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Methylamine is used in a wide range of sectors, such as electronics, oil & gas, water treatment, and chemical industry, which is expected to drive the demand for methylamine during the forecast period. Additionally, DMA-based methylamine is used in the production of rubber chemicals, especially for producing dimethyldithiocarbamate salts. These are further used for accelerating the vulcanization of rubber. Water treatment plants often utilize DMA-based methylamine as a raw agent for removing a plethora of suspended solids during the water clarification process. Additionally, methylamine aids in separating solids or liquids during sedimentation, filtration, and other flotation-based operations.

Primary and secondary research methodology is used for keen observation and study about the methylamine 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 Eastman Chemical Company, BASF SE, MITSUBISHI GAS CHEMICAL COMPANY, INC., Balchem Inc., Airgas Specialty Products, Johnson Matthey, Belle Chemical, Celanese Corporation, Thermo Fisher Scientific Inc, Alkyl Amines Chemicals Limited, and Spectrum Chemical.
  • On the basis of derivative type, the dimethylamine (DMA) segment is estimated to expand at a significant pace during the forecast period. DMA is the simplest dialkylamine with a wide variety of applications. DMA is utilized in the production of fungicides, insecticides, bactericides, and solvents (DMF and DMAc). It is employed in the production of chemicals for water treatment, surface active agents, and rubber vulcanization acceleration.
  • Based on form, the gas segment is estimated to grow in the near future. Methylamine is available for sale as an anhydrous gas in pressured metal containers or as a solution in methanol, ethanol, tetrahydrofuran, or water. In the industrial setting, pressurized railcars and tank trailers are used to transport methylamine in its anhydrous form.
  • Based on application, the agrochemicals segment is expected to hold a major share of the market, as different methylamines are used to make intermediates for many agrochemicals, including herbicides, insecticides, fungicides, biocides, and miticides.
  • In terms of end-use industry, the oil & gas segment is anticipated to grow in the near future, due to the increasing demand for oil & gas treatment. Methylamine is utilized in the oil & gas industry to produce a variety of products that are extensively employed in the treatment of natural gas and oil.
  • In terms of regions, the global methylamine market is split into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America constituted a significant share of the market. The US depends heavily on its agricultural sector, as it is a net exporter of food. This is increasing the demand for agrochemicals in the country. The market is growing, due to the high demand for methylamine in the manufacture of agrochemicals. Agriculture production has increased, owing to the rising demand for food grains spurred by the expanding population. This is fueling the demand for different agrochemicals, such as pesticides, herbicides, insecticides, and fungicides to increase the yield.

Report Scope

Report Metric

Details

Market Value in 2021

USD 1,573.5 Million

Market Growth Rate (from 2020 to 2028)

4.4%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

By Derivative Type, By Form, By Application, By End-use Industry, and by Region

Key Companies Profiled

Eastman Chemical Company, BASF SE, MITSUBISHI GAS CHEMICAL COMPANY, INC., Balchem Inc., Airgas Specialty Products, Johnson Matthey, Belle Chemical, Celanese Corporation, Thermo Fisher Scientific Inc, Alkyl Amines Chemicals Limited, and Spectrum Chemical

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