The methylamine market size was valued at USD 1.6 Bn in 2022 and is projected to reach USD 2.3 Bn by 2031, expanding at a CAGR of 4.41% during the forecast period, 2023 - 2031. A wide range of methylamine derivates is used for producing intermediate products such as herbicides, fungicides, insecticides, and miticides.
Food production within the US has registered a significant rise, due to rising geopolitical tensions, decreasing dependencies on imports, and overall population growth during the last decade. Rising demand for food production is boosting the agricultural sector in North America, which, in turn, is propelling the 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 the simplest form of amine. It is found in a solid form in a pressurized environment. It often releases a pungent fishy odor that resembles ammonia. In liquid form, it boils at 20.3 °F, hence, it vaporizes easily when compared to its counterparts.
Methylamine Market Dynamics
Major Driver
Rising demand for food production
A wide range of methylamine derivates is used for producing intermediate products such as herbicides, fungicides, insecticides, and miticides. Food production within the US has registered a significant rise, due to rising geopolitical tensions, decreasing dependencies on imports, and overall population growth during the last decade. Rising demand for food production is boosting the agricultural sector in North America, which, in turn, is propelling the methylamine market.
Common forms of derivates such as MMA, DMA, and TMA are used for soil fumigation. They are often considered as a replacement for methyl bromide, an ozone-depleting substance. Phosgenite MMA is used for producing methyl isocyanate, which, in turn, is used for producing a wide range of insecticide-based products. DMA-based derivates are used for producing herbicides and fungicides for a wide range of crops such as apples and tobacco. These factors are expected to propel the methylamine market in North America.
Growing demand for high-quality pharmaceutical drugs
Methylamine is a natural antibiotic that is used for eliminating urinary tract infections. It is used for treating chronic infections and preventing a wide range of recurring infections. The coronavirus pandemic raised the awareness of consumers for consuming a wide range of supplemental health-based antibiotics. Consumers began to take good care of their immune systems in order to prevent contracting any diseases.
Common derivates of methylamine used for medications are MMA and DMA, due to their viable properties. MMA, when mixed with ethylene oxide, creates methyl diethanolamine (MDEA) and monomethyl ethanolamine (NMEA). These medications cause sedative and antispasmodic effects upon consumption. Increasing adoption of methylamine in the pharmaceutical sector is expected to boost the methylamine market in North America.
Existing Restraint
Lack of application-specific derivates
Methylamine has plenty of derivates; however, a lack of standardization for application-specific derivates led to a dearth of identification of universal derivates. Every country in the region has different derivates pertaining to different applications. These measures create several challenges for manufacturers in terms of regulations and anticipating upcoming trends and requirements.
This creates a discouraging environment for investments. The volatility of raw materials hampers the growth of the methylamine market in North America. These factors lead to difficulties in keeping a substantial inventory, which hampers on-time deliveries. Imports/exports are priced at a competitive range, due to the high costs of freight charges. These factors, combined with increasing shipping costs to fulfill orders, are expected to hamper the growth of the methylamine market in North America.
Emerging Opportunity
Technological innovations by Tier-I manufacturers
Tier-I manufacturers are expanding their production capacities to increase production volume and technological base in order to manufacture products for wide applications. Present technological trends indicate the usage of DMA & TMA for manufacturing resins and cationic exchange resins.
Innovations in methylamine within the oil & gas sector have led to the use of MMA derivates with ethylene oxide for producing methyl diethanolamine (MDEA) & monomethylethanolamine. MDEA is used for removing acidic components from H2S, mercaptans, and carbonyl sulfide. DMA reacts with CO2 for producing dimethylammonium, which is used for removing sulfur-based compounds, olefins, and other aromatic hydrocarbons from raw oil. Technological innovations in the paper industry include the usage of DMA and TMA-based derivates for producing cationized starches. Such technological innovations are expected to increase the applications of methylamine, which is anticipated to create opportunities for the key market players.
Scope of Methylamine Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Methylamine Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020–2021
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Forecast Period
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2023–2031
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Segmentation
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Derivatives Type (Monomethylamine (MMA), Dimethylamine (DMA), Trimethylamine (TMA)), Form (Gas, Liquid), Application (Agro Chemicals, Painting & Coating, Drugs, Animal Nutrients, Fuel Additives, Printed Circuit Boards, Cosmetic Products, Surfactants & Corrosion Inhibitors, Catalysts, Others), and End-use Industry (Agriculture, Electronics, Oil & Gas, Pulp & Paper, Personal Care & Cosmetics, Chemical Industry, Pharmaceuticals, Water Treatment, Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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Alkyl Amines Chemicals Limited, Balchem Inc., Eastman Chemical Company, BASF SE, Spectrum Chemical, Airgas Specialty Products, Belle Chemical, Johnson Matthey, Thermo Fisher Scientific Inc., MITSUBISHI GAS CHEMICAL COMPANY, INC., Celanese Corporation
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Methylamine Market Segmental Outlook
The global methylamine market is segmented on the basis of derivative type, form, application, end-use industry, and region.
Based on derivative types, the global methylamine market is bifurcated into monomethyl amine (MMA), dimethylamine (DMA), and trimethylamine (TMA). The dimethylamine (DMA) segment held a market share of XX% in 2021. 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 accelerators.
The monomethyl amine (MMA) segment was valued at USD XX million in 2021. MMA is the simplest monoalkyl amine. It is a versatile intermediate used in a variety of applications. MMA is employed as an intermediary in the manufacture of pesticides, solvents (such as N-Methylpyrrolidone), pharmaceuticals, and refining applications.
In terms of form, the global methylamine market is categorized into gas and liquid. The gas segment was valued at USD XX million in 2021. 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 global methylamine market is bifurcated into agrochemicals, painting & coating, drugs, animal nutrients, fuel additives, printed circuit boards, cosmetic products, surfactants & corrosion inhibitors, catalysts, and others. The drugs segment is expanding at a CAGR of 4.48% in the market. Methylamine or monomethyl amine (MMA) is widely used in different stages for the production of various pharmacological substances; therefore, it is retained in the drug substance.
The paints & coatings segment accounted for a market share of XX% in 2021. Methylamine is used as a solvent in industrial coatings and epoxy inks. Its high dielectric constant makes it suitable for use in wire and electrical coatings. It serves as one of the primary ingredients in paint removers. It is used in the production of solvents for flexographic inks, varnishes, and paints (industrial inks and dyes).
In terms of the end-use industry, the global methylamine market is fragmented into agriculture, electronics, oil & gas, pulp & paper, personal care & cosmetics, chemical industry, pharmaceuticals, water treatment, and others. The oil & gas segment is expanding at a CAGR of XX% in the market, 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. Rising demand for natural gas for power generation and electricity, due to its environment-friendly nature, is expected to increase the demand for oil & gas treatment.
The pulp & paper sub-segment held a market share of XX% in 2021, owing to the increasing demand for methylamine in cationic starch. These are frequently employed as wet-end additives in the production of paper, as they help to achieve increased thickness.
Methylamine Market Regional Outlook
The methylamine market in North America was valued at USD 577.5 million in 2022 and is projected to reach USD 838.5 million by 2031, expanding at a CAGR of 4.7% during the forecast period. The market in the US is projected to expand at a CAGR of 4.77% during the forecast period. The market is growing, due to the high demand for methylamine in the manufacture of agrochemicals. Agriculture production has increased, owing to the rise in the 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 yield.
Demand for pesticides and crop protection chemicals is rising in North America, due to the growing need to combat numerous plant illnesses. The growth of the market in the region is attributed to the high demand from end-user sectors and the presence of a large industrial base.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Methylamine Market
- Historical, Current, and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Methylamine Market Performance
Segments
Derivatives Type
- Monomethylamine (MMA)
- Dimethylamine (DMA)
- Trimethylamine (TMA)
Form
Application
- Agro Chemicals
- Painting & Coating
- Drugs
- Animal Nutrients
- Fuel Additives
- Printed Circuit Boards
- Cosmetic Products
- Surfactants & Corrosion Inhibitors
- Catalysts
- Others
End-use Industry
- Agriculture
- Electronics
- Oil & Gas
- Pulp & Paper
- Personal Care & Cosmetics
- Chemical Industry
- Pharmaceuticals
- Water Treatment
- Others
Key Players
Competitive Landscape
Key players operating in the market are Alkyl Amines Chemicals Limited, Balchem Inc., Eastman Chemical Company, BASF SE, Spectrum Chemical, Airgas Specialty Products, Belle Chemical, Johnson Matthey, Thermo Fisher Scientific Inc., MITSUBISHI GAS CHEMICAL COMPANY, INC., and Celanese Corporation. These companies are considered key manufacturers of methylamine based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
Players are adopting key strategies such as acquisitions, collaborations, and geographical expansion for potential opportunities in the methylamine market.
- On May 22, 2023, Celanese announced a new strategic partnership between its Micromax Electronic Inks and Pastes and nScrypt, which designs and manufactures direct digital manufacturing (3D printing) equipment and high-precision microdispensing for various industrial applications. The partnership focuses on building creative solutions across the printed electronics space through the product portfolio of Micromax Electronic Inks and Pastes and the high-precision Factory in a Tool (FiT) line of manufacturing systems from nScrypt.
- On February 01, 2023, Eastman Chemical Company announced the acquisition of Ai-Red Technology Co., Ltd., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia Pacific region. The acquisition states Eastman’s commitment to boosting performance films and the paint protection and window film industries.
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