tert-Butylamine (tBA) Market Size To Reach USD 480.1 Million By 2028 Says Reports And Data

Reports And Data

The application of tert-Butylamine (tBA) in the production of antihypertensive drugs for the treatment of high blood pressure are driving the market

NEW YORK CITY, NY, UNITED STATES, March 10, 2022 /EINPresswire.com / -- 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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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.

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.

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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.
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.
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

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Regional Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)
North America
Europe
Asia Pacific
MEA
Latin America

About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

Tushar Rajput
Reports and Data
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