The application of Tert Butylamine (tBA) in the production of antihypertensive drugs for the treatment of high blood pressure are driving the market for tert-Butylamine market.
Tert Butylamine (tBA) Market Size – USD 296.2 Million in 2020, Growth - CAGR of 6.10%, Trends –Growing application of tBA in the pharmaceutical industry.
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.
The high demand for tert-Butylamine in healthcare and medical sectors along with the eco-friendly nature of the compound are driving the market. Factors expected to hamper the market for tert-Butylamine are the fluctuations in the prices of raw materials.
The Asia Pacific region is expected to dominate the market for tert-Butylamine. Constant growth in the demand for rubber and pharmaceutical industries are propelling the demand for the market. Implementation of government policies for the development of the agricultural industry are anticipated to boost the consumption of the market in agricultural nations such as India and China.
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Top Leading Players: 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.
Key Companies in the market include:
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.
The application of tert-Butyalmine in pesticides is forecasted to grow with a CAGR of 6.8% during the forecast period. Many pesticides are obtained from the market compound and is applicable for crop protection such as terbutryn, terbacil, and terbumeton. It is also used in the synthesis of diafenthiuron and sulfa urea herbicide nicosulfuron pesticides.
Rubber Processing industries are forecasted to hold a market share of 21.8% in the year 2026. Tert-Butyalmine are commonly used to improve the speed of vulcanization of rubber. The surge in demand from the tyre and automotive industry is anticipated to boost the market demand across the globe. An increase in industrialization in the emerging nations, are pushing the demand for rubber which in turn is propelling the market for tert-Butylamine.
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.
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Market Segmentation:
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
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Tert Butylamine (tBA) market report:
- What is the expected market size of the global Tert Butylamine (tBA) market during the forecast period?
- What factors are expected to hamper global Tert Butylamine (tBA) market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Tert Butylamine (tBA) market?
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