Dublin, Aug. 04, 2023 (GLOBE NEWSWIRE) -- The "Global Methylamine Market Outlook to 2028" report has been added to ResearchAndMarkets.com's offering.
This comprehensive report provides valuable insights into the Methylamine market, offering a glimpse into the future state of the industry.
Understanding Methylamine: A Versatile Chemical Compound
Methylamine (CH3NH2) is the simplest primary amine, a colorless gas with a fish-like odor. It is derived from ammonia, where a methyl group replaces one hydrogen atom. Widely used in pesticides and pharmaceuticals, Methylamine is an important chemical compound prepared by Hofmann Rearrangement at a laboratory scale and by reacting methanol with ammonia under a catalyst at a commercial scale.
Key Market Drivers and Trends
The "Global Methylamine Market Outlook to 2028" report projects a considerable growth rate for the global Methylamine market during the forecast period. Major applications of Methylamine in the electronics, pharmaceuticals, and agriculture sectors are driving the market's growth. The agricultural segment, fueled by the high demand for pesticides utilizing Methylamine, is expected to dominate the market share, especially with the rising population accelerating the growth of the agricultural industry.
Regional Insights
Globally, North America currently holds the leading position in the global Methylamine market in terms of consumption. However, the Asia-Pacific region is poised to grow faster during the forecast period, driven by high demand from emerging economies like India and China for agricultural purposes.
Segmentation and Competitive Landscape
The report analyzes the Methylamine market by segmenting based on type (gas and liquid), application (Alkyl Alkanolamines, N-methylpyrrolidone, Pesticides, Pharmaceuticals & other applications), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). Additionally, it provides extensively researched competitive landscape sections, profiling major companies, their market shares, and projects.
Key Companies Profiled:
- Eastman Chemical Company
- BASF SE
- Celanese Corporation
- Balaji Amines Ltd.
- Mitsubishi Gas Chemical Company, Inc. (MGC)
- Balchem Corporation
- Alkyl Amines Chemicals Ltd.
- Johnson Matthey
- Luxi Chemical Group Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/rv0ool
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