The global tert-Butylamine (tBA) market is forecast to reach USD 480.1 Million by 2028, according to a new report by Reports and Data. It is an environment-friendly organic compound and is a primary raw material for the synthesis of various organic compounds such as rubber additives, pesticides, and dyes, among others.
The compound is a primary chemical intermediate for the production of antihypertensive drugs, used in the treatment of high blood pressure and the production of Terbutaline drugs applicable in asthma and bronchitis treatment. Tert-Butylamine is an effective solution for the removal of surfactants such as Polyvinylpyrrolidone (PVP) surfactants and capping agents like Potassium Bromide (KBr) from the nanoparticle surface.
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Further key findings from the report suggest
- Pharmaceutical grade tert-Butylamine product type lead the segment with a market share of 60.7% in the year 2018. Pharmaceutical grade compounds exceed a purity of 99% and contain no fillers, dyes, excipients, binders, or unknown substances. Less than 3% of the products in the market are pharmaceutical grade, and terButylamine is one of them.
- North America is forecasted to hold a market share of 20.3% in the year 2018. The region is switching to environmentally friendly products, and the growth in industrialization and automotive are fueling the demand for the market product.
- Key participants include Zibo Fufeng Chemical Co., Ltd., BASF SE, Linshu Huasheng Chemical Co., Ltd., Sterling Chemicals, Tianjin Luhua Chemical Co., Ltd., Shandong Yanggu Huatai Chemical Co., Ltd., Eastman Chemical Company, Vinati Organics Limited, Zibo Luhua Hongjin New Material Co., Ltd., and Chemopharma, among others.
- In July 2019, BASF invests in a second production plant for tert-Butylamine in China. The company plans to increase its tBA capacity by more than 30%. The plant is expected to start-up in the year 2022.
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For the purpose of this report, Reports and Data have segmented into the global tert-Butylamine (tBA) market on the basis of product type, application, end-use industry, and region:
Product Type Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
- Industrial Grade
- Pharmaceutical Grade
Application Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
- Chemical Intermediaries
- Pharmaceuticals
- Pesticides
- Others (Gas purification agent, and dyes)
End-Use Industry Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
- Agrochemicals
- Healthcare
- Rubber Processing Industries
- Others
Regional Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
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Key point summary:
- Report Coverage: It includes data pertaining to manufacturers, product offerings in the global tert-Butylamine (tBA) market, timeline considered, and scope of the study. Furthermore, this section also highlights market segments studied in the report on the basis of types, applications, end-user industries, and regions.
- Executive Summary: It provides an extensive historical assessment, competitive landscape, regional mapping, CAGR, drivers, restraints, key trends, growth prospects, challenges, and other micro- and macro-economic indicators.
- COVID-19 Impact Analysis: In this section, the report discusses the impact of the pandemic on various aspects of the industry, such as production capacity, consumption, import and export status, demand and supply ratio, revenue generation, and market shares of key players in the regions included in the study.
- Company Profiles: This section gives detailed profiles of the leading players in the tert-Butylamine (tBA) sector on the basis of their value, volume, production capacity, product portfolios, and other vital aspects.
Conclusively, all key aspects of the tert-Butylamine (tBA) Market are quantitatively and qualitatively assessed to study the global as well as regional market. This market report delivers key information and other valuable data about the overall market and provides a detailed study based on market drivers and restraints to preject future growth.
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