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Methylamine Market

Methylamine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Methylamine Market: Introduction

  • Methylamine (CH3NH2) is a colorless gas. It is a derivative of ammonia, but with one hydrogen atom being replaced by the methyl group. Methylamine is manufactured as solution in ethanol, methanol, and water. It is also manufactured as anhydrous gas in pressurized metal containers.
  • Methylamine is used as a building block for the production of various other compounds with catalytic activity. It is used as a chemical intermediate to produce biocides, herbicides, insecticides, and some surfactants. It is also used as a component to synthesize pharmaceuticals such as theophylline and ephedrine.
  • Based on form, the global methylamine market can be segmented into gas and liquid. The gas segment dominated the global methylamine market in 2020. In terms of revenue, the liquid segment is anticipated to expand at a faster pace during the forecast period. Liquid methylamine is used as solvent in the synthesis of various chemical compounds.

Key Drivers of Methylamine Market

  • Increase in 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. In turn, this is boosting the global methylamine market. Rise in demand for ammonium sulfate in pharmaceuticals, oil & gas treatment, electronics, fuel additives, and other industries is expected to drive the global methylamine market during the forecast period.
  • Increase in usage of methylamine in agricultural applications is expected to boost the market during the forecast period. Methylamine is widely used to manufacture pesticides, insecticides, herbicides, and various other agrochemicals. Growth in the agrochemicals industry is driving the global methylamine market.

Restraints of Methylamine Market

  • Dearth of universal directives pertaining to applications of methylamine is expected to restrain the market during forecast period. Every country has different directives pertaining to applications of Methylamine. Companies find it difficult to deal with these country-wise regulations. This is discouraging investment in the methylamine market, thereby restraining the market.

COVID-19 impact on Methylamine Market

  • The COVID-19 outbreak is hampering the demand for methylamine in many applications. Governments of various countries across the globe enforced stringent lockdowns to curb the spread of the coronavirus. This led to a slowdown in manufacturing operations and restrictions on supply and transport, thus affecting the methylamine market.
  • Key players operating in the methylamine market are primarily tier I and tier II manufacturers and suppliers. Manufacturing and supply chain facilities of these players are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of methylamine.
  • The COVID-19 outbreak has directly affected the production and demand for methylamine. The industrial shutdown caused by the COVID 19 pandemic has created disruption in the supply chain. Disruption in supply of raw materials is projected to hamper full-scale operations of companies operating in the market.

North America to Constitute Significant Share of Global Methylamine Market

  • In terms of region, the global methylamine market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global market in 2020, due to the presence of key manufactures in the region such as Eastman Group, The Chemours Company, and BASF SE. High consumption of methylamine in the production of agrochemicals is also boosting the methylamine market in the region.
  • Asia Pacific is also one of the key consumers of methylamine. The market in the region is anticipated to expand at a faster pace than that in other regions during the forecast period. Expansion of agrochemicals and pharmaceuticals industries is expected to drive the methylamine market in Asia Pacific during the forecast period.

Competitive Landscape of Global Methylamine Market

Major players operating in the global methylamine market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. The market is currently witnessing fierce competition among several leading players. Key players operating in the market include:

  • Alkyl Amines Chemicals Limited
  • Balaji Amines Ltd.
  • Balchem Corporation
  • Celanese Corporation
  • Eastman Chemical Company
  • Johnson Matthey Plc
  • Luxi Chemical Group Co., Ltd.
  • The Chemours Company

Global Methylamine Market: Research Scope

Global Methylamine Market, by Form

  • Gas
  • Liquid

Global Methylamine Market, by End-use

  • Agriculture
  • Oil & Gas Treatment
  • Electronics
  • Fuel Additives
  • Pharmaceuticals
  • Others

Global Methylamine Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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