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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.