Global Trimethylamine Market: Introduction

Trimethylamine is an organic compound with the chemical formula of (CH3)3N. The compound is also known as TMA, N,N-dimethylmethanamine, methanamine and N,N-dimethyl-N-Trimethylamine. Its Chemical Abstracts Service (CAS) number of the compound is 75-50-3. It is a gas at room temperature and atmospheric pressure. However, it can be stored as a transparent liquid under pressure. The boiling temperature of trimethylamine is 2.3°C. The colorless gas has a strong fishy smell due to the presence of tertiary amine group in the structure. Trimethylamine is a natural-occurring product of decomposition of animals and plants. It is synthesized by the reaction of methanol and ammonia. Trimethulamine can be manufactured by the reaction of paraformaldehyde and ammonium chloride.

Trimethylamine is employed in the synthesis of chemicals such as tetramethylammonium hydroxide and choline. It finds application in the production of plant growth regulators such as herbicides. The compound can be used to identify the freshness of fish products. Derivatives of the trimethylamine are used in the production of animal feed, oil & gas exploration activities, and synthesis of vitamins for the human body. Rise in oil & gas exploration activities and private & public investments in animal welfare activities are anticipated to drive the global trimethylamine market during the forecast period.

Global Trimethylamine Market: Segmentation

The global trimethylamine market can be segmented based on from, end-use industry, and region.  In terms of form, the trimethylamine market can be bifurcated into anhydrous liquefied gas and aqueous solution. Anhydrous liquefied gas is finds application as chemical intermediary as proton scavenge and in the production of organic compounds such as diethylhydroxylamine. The aqueous solution form of trimethlyamine is anticipated to hold a large share of the market owing to its applications in the synthesis of chlorine derivatives such as choline chloride and chlormequat chloride.

Based on end-use industry, the trimethylamine market can be divided into chemicals & pharmaceuticals, oil & gas exploration, electronics, and others including industries such as paper and water treatment. Trimethylamine is utilized in the chemicals & pharmaceuticals end-use industry. Trimethylamine is extensively consumed in the formation of choline chloride compound across the globe. Choline chloride is primarily used as poultry feed. Rising demand of poultry products and increase in awareness about animal health are augmenting the demand of improved animal feed products such as choline chloride-based animal food. This, in turn, is fueling the demand of trimethylamine. Furthermore, rise in disposable income and growth of the health care industry, especially in emerging economies such as China, India, and Brazil have boosted the demand of pharmaceutical products. Therefore, the chemicals & pharmaceuticals segment is anticipated to dominate the global trimethylamine market during the forecast period.

Global Trimethylamine Market: Regional Outlook

In terms of region, the global trimethylamine market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounts for a large share of the global trimethylamine market. Surge in population in countries such as China, India, and Indonesia is driving the demand of protein-based food such as poultry products, and government support in the form of subsidiaries for poultry business are propelling the requirement for animal feed in these countries to enhance quality and quantity of products. Moreover, growth in the electronics industry in the countries such as China, South Korea, and Japan propelled the demand for trimethylamine, as a stripper for resists in printed circuit boards (PCBs). This, in turn, is projected to fuel the Asia Pacific trimethylamine market during the forecast period. The trimethylamine market in North America and Europe is anticipated to expand at a considerable pace. The trimethylamine market in Latin America and Middle East & Africa is projected to expand at a sluggish pace during the forecast period due to lack of well-established end-use industries such as electronics and chemical & pharmaceutical in these regions.  

Global Trimethylamine Market: Competitive Landscape

Key players operating in the global trimethylamine market include BASF SE, Celanese Corporation, Eastman Chemical Company, MITSUBISHI GAS CHEMICAL COMPANY, INC., The Chemours Company, and BALAJI AMINES.

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
  • Europe
  • 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.

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