Global and China Tert-Butylamine Market to Exceed $295.92 Mn in 2020
Global and China Tert-Butylamine (CAS 75-64-9) Market for Rubber Industry, Pharmaceuticals, Agrochemicals and Other (Chemical Synthesis, etc.) Applications 2014 - 2020
Deerfield Beach, FL -- (SBWire) -- 06/12/2017 --Zion Market Research has published a new report titled "Global and China tert-Butylamine (CAS 75-64-9) Market for Rubber Industry, Pharmaceuticals, Agrochemicals and Other (Chemical Synthesis, etc.) Applications, 2014 - 2020." According to the report, global demand for tert-Butylamine was valued at USD 200.0 million in 2014, is expected to reach USD 295.92 million by 2020, growing at a CAGR of 6.8% between 2015 and 2020. In terms of volume, the global tert-Butylamine market stood at 50,000.0 tons in 2014.
tert-Butylamine (tBA) is a primary aliphatic amine that is used as an intermediate for the production of accelerators for the rubber and tire industry. It is also used in the pharmaceutical and agricultural industries as a building block. tert-Butylamine is produced commercially by the Ritter reaction of isobutene with hydrogen cyanide under acidic conditions to give the formamide. In the laboratory, it can be prepared by the hydrogenolysis of 2,2-dimethylethylenimine, or via tert-butylphthalimide.
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tert-Butylamine is used as an intermediate in the preparation of the sulfenamides such as N-tert-butyl-2-benzothiazylsulfenamide and N-tert-butyl-2-benzothiazylsulfenimide. As rubber accelerators, these compounds modify the rate of vulcanization or rubber. A variety of pesticides are derived from this amine, including terbacil, terbutryn, and terbumeton.
tert-Butylamine is widely used as an accelerator in rubber industry. Rubber industry accounted for around 40% share in total volume consumption in 2014. tert-Butylamine has a vast range of applications and is used as a chemical intermediate in the manufacturing of a variety of agrochemical and pharmaceutical formulations and chemical synthesis. The rubber market is the largest application area for tert-Butylamine, followed by pharmaceuticals and agrochemicals respectively. However, chemical synthesis is a fast growing application of tert-Butylamine.
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The global tert-Butylamine market was dominated by Asia Pacific, which accounted for over 45% of the global volumes consumed in 2014. Growth of tert-Butylamine in Asia Pacific has been mainly driven by the extensive use of tert-Butylamine by end-user industries such as rubber, pharmaceuticals, crop protection chemicals and increasing chemicals industry in the region. It is the largest tert-Butylamine market in terms of production and consumption.
Key players operating in this market includes 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., etc.
Browse detail report at: http://www.marketresearchstore.com/report/global-and-china-tert-butylamine-market-for-34818
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