Press release
Tert Butylamine Market - Global Industry Growth, Trends and Forecast
Mainly, tert-Butylamine is used in production of accelerator compounds, which help enhance vulcanization rate of rubber. tert-Butylamine is a major chemical intermediate for the production of antihypertensive drugs, which are used in the treatment of high blood pressure and also in production of Terbutalin drugs used in bronchitis and asthma treatment. It is also used in production of various pesticides such as Terbutryn and Terbacil, among others.
Steady growth of rubber industry owing to growing demand for rubber products across the globe in turn has resulted in increasing demand for additives such as stabilizers, accelerators and flame retardants. Growing use of tert-Butylamine in medical and healthcare related applications coupled with the environment-friendly nature of tert-Butylamine is expected to drive the growth of tert-Butylamine market over the forecast period. Moreover, increasing demand for pesticides across the globe also is expected to bolster growth of tert-Butylamine market. Further, increase in demand for tert-Butylamine for application in dyes and colorants is anticipated to propel the growth in demand for tert-Butylamine market over the forecast period. Fluctuations in raw material prices is expected to have an impact on global tert-Butylamine market.
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Global tert-Butylamine market is expected to be dominated by the Asia Pacific (APAC) region. APAC is one of the major consumers and producers of tert-Butylamine. Steady growth of rubber and pharmaceutical industries in developing countries such as India and China coupled with government policies towards development of agricultural industry are expected to in turn result in the increase in consumption of tert-Butylamine. China is expected to account for a relatively higher share in overall tert-Butylamine consumption and is slated to register a healthy CAGR over the forecast period. Europe is also a considerably large consumer of tert-Butylamine, as tert-Butylamine is an environment-friendly compound and hence supports sustainable development. Latin America and Middle East & Africa regions are expected to register steady growth over the forecast period.
Examples of some of the market participants in the global tert-Butylamine market, identified across the value chain include BASF SE, Zibo Luhua Hongjin New Material Co., Ltd., Eastman Chemical Company, and Vinati Organics Limited, among others. Market players are continuously focusing on expansion of production facilities in order to cater to the rising demand of tert-Butylamine.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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