Global Methylamine Market to Witness a Pronounce Growth During 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Methylamine market.

Dimethylamine is an organic compound with the formula (CH3)2NH. This secondary amine is a colorless, flammable gas with an ammonia-like odor. Dimethylamine is commonly encountered commercially as a solution in water at concentrations up to around 40%.

First, the dimethylamine industry concentration is high; China is the biggest producer and consumer of DMA. There are no more than one hundred manufacturers in the world, and high-end products mainly come from America and western European.

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Global Methylamine Market: Forecast by Type / Application / Region

In the world wide, giant manufactures mainly distribute in China. The manufactures of DMA are located in China, production reached 176400 MT in 2015. American and Europe has a long history and unshakable status in this industry, like BASF and Eastman Chemical, both have perfect products. Asia companies Hualu Hengsheng and Mitsubishi are also important player in this market.

Second, many company have several plants, usually close to aimed consumption market. Hualu Hengsheng and Jiangshan Chemical are typical manufacturers that aiming at Zhejiang market and Shandong Market. Some company usually take a joint venture enter into aim market, like BASF-YPC is a joint venture of BASF and Sinopec, which locates in Jiangsu province.

Third, all manufactures in the world are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world's leading technology too.

Fourth, the import and export percent of this industry is low. Since the supply of DMA in China is more than demand, China has to export more than 800 KMT products to other area. Also, foreign companies are willing to buy Chinese products due to its low price.

Fifth, this industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of DMA will increase.

Sixth, we tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Over the next five years, LPI(LP Information) projects that Dimethylamine will register a 2.8% CAGR in terms of revenue, reach US$ 240 million by 2023, from US$ 210 million in 2017.

Global Methylamine Market: Key Players
Eastman Chemical
Basf
Celanese
MITSUBISHI GAS CHEMICAL COMPANY
Balaji Amines
Alkyl Amines Chemicals
Hualu Hengsheng
Jiangshan Chemical
Suqian Xinya Technology
Feicheng Acid Chemical
Haohua-Junhua Group
Nanjing Qinzuofu Chemical

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Related Information:
United States Methylamine Market Research Report 2018
Europe Methylamine Market Research Report 2018
North America Methylamine Market Research Report 2018
Asia-Pacific Methylamine Market Research Report 2018
China Methylamine Market Research Report 2018
EMEA Methylamine Market Research Report 2018
Global Methylamine Market Research Report 2018

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This release was published on openPR.