Ethylamine Market Growth, Share, Demand and Applications Forecast to 2029 | FMI
VALLEY COTTAGE, N.Y. – Ethylamine (EA) CAS no: 75-04-7 is a colorless gas or white in color when in liquid form, with an odor like ammonia. Ethylamine is denoted by C2H5NH2 and is miscible with virtually all solvents. Ethylamine is widely used in chemical manufacturing process and other organic synthesis. Ethylamine is a highly flammable chemical and it is suggested to avoid inhalation of the chemical, this may cause residual chronic lung disease. Commercially ethylamine can be produced with two different processes, one where ethanol and ammonia are reacted in the presence of an oxide catalyst, and the other by reductive amination of acetaldehyde.
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Ethylamine has multiple applications in different end use industry. However, ethylamine is primarily used in the synthesis of alkyl isocyanates in the pharmaceutical industry. It is also used as a raw material in the production of herbicides such as Atrazine, Simazine and Cyanazine. Ethylamine is used as a catalyst in end use industries such as plastics for production of polyurethane foam and in dyes for producing ethylcyanopyrolidone disperse and rhodamine dyes. Moreover ethylamine is widely used in different end use industries such as textile, rubber industry, ceramic industry, detergents, and rocket propellant among others for its various applications such as fuel tanning, synthetic agent, corrosion inhibitor, and deflocculating agent among others.
Ethylamine Market: Driver
Ethylamine is extensively driven by the growth in the market of agrochemicals for its importance as a raw material in the production of herbicides such as Atrazine, Simazine and Cyanazine. In the past decade farmers across the globe have started getting more reliant on chemicals to get outputs faster, which has resulted in an increase in demand for herbicides in the recent years. Increasing population as well as increase in demand for higher quality food will result in an increase in dependency on herbicides which in turn is expected to drive the market of ethylamine over the coming years.
Growth in the end use industries such as pharmaceutical, rubber, textile, plastic and dyestuff among others is expected to driver the demand of ethylamine in the coming future owing to its variety of applications.
Market: Regional Outlook
North America and Europe are significant markets owing to the increase in demand for herbicides over the recent years. Atrazine, a herbicide, is one of the most widely used herbicide in the U.S. In terms of production Asia Pacific is expected to be a prominent producer of ethylamine over the coming years. Countries in Latin America are reliant on the import from Asia Pacific countries, the China–Peru Free Trade Agreement is an example of a free-trade bilateral agreement to eliminate any hindrance to trade as well as investment amid China and Peru where ethylamine is one of the many chemicals involved in the exchange.
Growth in the agricultural sector in regions such as Asia Pacific and Latin America over the recent years owing to increase in demand for food, growing population and lack of arable land has led to increase in the consumption of herbicides for quicker and enhanced outputs. Asia Pacific countries such as China and India are anticipated to contribute prominently to the ethylamine market in the coming years on the other hand countries in Latin America are projected to possess high growth potential in the market of ethylamine.
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Middle East & Africa are anticipated to project a steady growth in the ethylamine market owing to less number of key manufacturers in the region, Turkey and some GCC countries are expected to send a ripple effect in terms of using ethylamine in herbicides owing to growth in agricultural activities in the region.
Market: Key participants
The key participants of Ethylamine market are as follows: Balaji Amines Ltd, AMINES & PLASTICIZERS LIMITED, Parchem fine & specialty chemicals, JIGCHEM UNIVERSAL, Galaxy Laboratories, Taj Pharmaceuticals Ltd., and Aurazia Chem Laboratories Private Limited among others.
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