A new research report by Transparency Market Research offers a comprehensive evaluation of the global Tertiary Butyl Amine Market. The study, titled “Tertiary Butyl Amine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”, is available for sale on the firm’s website.
Tertiary butyl amine is a transparent colorless compound with molecular formula (CH3)3CNH2. It possesses amine-like odor. Tertiary butyl amine is primarily used in rubber, agrochemicals, pharmaceuticals, and chemical intermediates. It is employed as rubber accelerator to improve the rate of vulcanization. Agrochemicals derived from this compound include terbutryn, terbacil, and terbumeton.
Rubber is not only used to manufacture tire in automobiles, but it is also employed in engine gaskets, radiator seals, performance hoses, ignition cables, and airbags. Asia Pacific holds more than 60% share of the global rubber market. The region is expected to offer immense growth to the tertiary butyl amine market during the forecast period. Rise in demand for automobiles in Europe and Asia Pacific is estimated to propel the rubber market. This, in turn, is likely to boost the demand for tertiary butyl amine in the near future. Crop protection chemicals are widely used in the agriculture industry to enhance the crop yield.
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Crop protection chemicals such as fungicides, herbicides, and insecticides are employed to eliminate unwanted plants and pests. Increase in usage of crop protection chemicals is anticipated to propel the demand for tertiary butyl amine. Growth in population has raised food security concerns. Developing and underdeveloped countries lack proper infrastructure for storage and distribution of food grains. This, in turn, is projected to fuel the demand for tertiary butyl amine owing to its usage in agrochemicals.
In terms of region, Asia Pacific is likely to exhibit significant demand for tertiary butyl amine in the next few years, led by the expansion in the rubber industry. Demand for rubber is high from tire and automotive applications in major countries in the region such as China and India. Increase in demand for new automotive vehicles is estimated to fuel the demand for rubber. This, in turn is likely to boost the demand of tertiary butyl amine. Large scale manufacturers such as BASF SE are expanding their capacity in the region to meet the rising demand for rubber additives such as tertiary butyl amine, which is used as an accelerator in the rubber industry. Furthermore, steady growth in automotive sales in Europe and North America is projected to propel the demand for tertiary butyl amine in the next few years.
Increase in population in developing countries coupled with rise in demand for food is driving the agrochemicals market across the globe. The usage of tertiary butyl amine for the preparation of agrochemicals is likely to enhance the demand for this compound during the forecast period. Agrochemicals are being used increasingly in Latin America and Middle East & Africa to boost the crop yield. This is anticipated to augment the demand for tertiary butyl amine. The usage of this compound for the preparation of drugs in the pharmaceuticals industry is estimated to propel the tertiary butyl amine market.
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Major companies operating in the tertiary butyl amine market include BASF SE, Sigma-Aldrich Co. LLC., and Zibo Luhua Hongjin New Material Co.,Ltd. In 2015, BASF SE increased its production capacity at its plant in China to meet the rising demand for rubber additives for tire applications in China and other countries of Asia Pacific.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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