Benzylamine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Benzylamine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

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Benzylamine is an organic compound colorless liquid with strong odor of ammonia. Benzylamine is also found in apple. It consists of benzyl group attached to an amine functional group. Benzylamine is a common precursor in organic synthesis. It is found in a plant called Moringa oleifera, which is used to treat diabetes in traditional medicine. Benzylamine has the boiling point of 185°C. It can be produced by reaction between benzyl chloride and ammonia. Benzylamine has strong alkaline properties. It is totally soluble in water. Benzylamine is miscible in ethanol, diethyl ether, and acetone. Benzylamine is a masked source of ammonia. It is also called as N-benzylamine, monobenzylamine, benzene methanamine, phenyl methylamine, or aminotoluene. Benzylamine is considered a versatile intermediate for a variety of applications. Benzylamine and its derivatives are used as chemical intermediates in the production of textile auxiliaries, agrochemicals, dye stuff, pigments, amino acids, and other organic compounds. The wide range of applications in various end-user industries such as pharmaceutical, chemical, agrochemicals, paints & coatings, textile, and animal health drives the demand for benzylamine.

Benzylamine Market: Segmentation

Based on end-user industry, the benzylamine market can be segmented into pharmaceutical, agrochemicals, paints & coatings, textile, chemical, and others. The paints & coatings segment can be sub-segmented into industrial coatings and transportation coatings. The chemical segment is expected to hold a prominent market share during the forecast period. It is used as a precursor in several chemical synthesis processes that are employed for deriving different chemical compounds. However, the pharmaceutical segment is anticipated to register a significant growth rate during the forecast period. Benzylamine is used as a building block for chemical synthesis; for example, in the production of active pharmaceutical ingredients (APIs). In the agriculture industry, benzylamine is used in the production of agrochemicals. However, overall share of benzylamine in agrochemicals is expected to decline during the forecast period owing to change in trend toward use of biopesticides led by environmental constraints is a major factor responsible for the anticipated decline in the market share held by the agrochemicals segment.

Benzylamine Market: Region-wise Outlook

Based on region, the global benzylamine market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of demand, Asia Pacific expected to hold a major share of the global benzylamine market in 2017 and the same trend is likely to continue during the forecast period. The market in Asia Pacific is projected to expand at a significant growth rate during the forecast period. Growth of the pharmaceutical industry (wherein benzylamine is largely used as a precursor in the production of drugs) and growth of end-user industries such as agrochemicals, textile, plastics, and paints & coatings are major factors anticipated to boost the demand for benzylamine in Asia Pacific during the forecast period. China and India are expected to hold a major share of the market for benzylamine in APAC during the forecast period. Europe is anticipated to follow Asia Pacific between 2018 and 2026. It would be followed by North America from 2018 to 2026. The market in Latin America and Middle East & Africa is anticipated to register a sluggish growth rate during the forecast period.

Benzylamine Market: Key Players

A large number of companies operate in the global benzylamine market. Several regional and local traders, distributors, and importers that supply benzylamine to end-users operate in the market. Prominent companies operating in the benzylamine market are Lanxess, Eastman Chemical Company, BASF AG, KOEI CHEMICAL Co., Ltd., and Shandong Yuexing Chemical Co., Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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