Ethylamine Market

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.

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.

The Ethylamine Market report covers exhaustive analysis on,

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand Scenario
• Current Trends/Issues/Challenges in Ethylamine market
• Competition & Companies involved in Ethylamine market
• Technology used in Ethylamine Market
• Value Chain

Regional analysis includes,

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The ethylamine market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Ethylamine market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Ethylamine market segments and geographies.

Ethylamine Market: Restraints

Manufacturers have to go through stringent regulation to use ethylamine as a raw material in producing agrochemicals and pharmaceutical products. Ethylamine is a toxic chemical and should not be used inhaled, swallowed or induced directly. Moreover, the U.S. Occupational Safety and Health Administration (OSHA) has listed ethylamine as a highly hazardous chemical with a threshold quantity of 7,500 unit. Ethylamine is a toxic chemical if 7,500 units or more is exposed in an hour or less.

Such factors affect the growth of ethylamine in producing of agrochemicals and pharmaceutical across the globe. Bio-based agrochemicals are gaining traction in the recent years. Governments are encouraging a shift towards bio-based products which are not toxic, hence growth in bio-based herbicides is expected to decelerate the growth of ethylamine.