Benzylamine is an organic compound colorless liquid with strong
odor of ammonia. Benzylamine is also found in apple. It consists of benzyl
group attached to an amine functional group. Benzylamine is a common precursor
in organic synthesis. It is found in a plant called Moringa oleifera, which
is used to treat diabetes in traditional medicine. Benzylamine has the boiling
point of 185°C. It can be produced by reaction between benzyl chloride and
ammonia. Benzylamine has strong alkaline properties. It is totally soluble in
water. Benzylamine is miscible in ethanol, diethyl ether, and acetone.
Benzylamine is a masked source of ammonia. It is also called as N-benzylamine,
monobenzylamine, benzene methanamine, phenyl methylamine, or aminotoluene.
Benzylamine is considered a versatile intermediate for a variety of
applications. Benzylamine and its derivatives are used as chemical
intermediates in the production of textile auxiliaries, agrochemicals, dye
stuff, pigments, amino acids, and other organic compounds. The wide range of
applications in various end-user industries such as pharmaceutical, chemical,
agrochemicals, paints & coatings, textile, and animal health drives the
demand for benzylamine.
Benzylamine Market: Segmentation
Based on
end-user industry, the benzylamine
market can be segmented into pharmaceutical, agrochemicals, paints
& coatings, textile, chemical, and others. The paints & coatings
segment can be sub-segmented into industrial coatings and transportation
coatings. The chemical segment is expected to hold a prominent market share
during the forecast period. It is used as a precursor in several chemical
synthesis processes that are employed for deriving different chemical
compounds. However, the pharmaceutical segment is anticipated to register a significant
growth rate during the forecast period. Benzylamine is used as a building block
for chemical synthesis; for example, in the production of active pharmaceutical
ingredients (APIs). In the agriculture industry, benzylamine is used in the
production of agrochemicals. However, overall share of benzylamine in
agrochemicals is expected to decline during the forecast period owing to change
in trend toward use of biopesticides led by environmental constraints is a
major factor responsible for the anticipated decline in the market share held
by the agrochemicals segment.
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Benzylamine Market: Region-wise Outlook
Based on
region, the global benzylamine market can be divided into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of
demand, Asia Pacific expected to hold a major share of the global benzylamine
market in 2017 and the same trend is likely to continue during the forecast
period. The market in Asia Pacific is projected to expand at a significant
growth rate during the forecast period. Growth of the pharmaceutical industry
(wherein benzylamine is largely used as a precursor in the production of drugs)
and growth of end-user industries such as agrochemicals, textile, plastics, and
paints & coatings are major factors anticipated to boost the demand for
benzylamine in Asia Pacific during the forecast period. China and India are
expected to hold a major share of the market for benzylamine in APAC during the
forecast period. Europe is anticipated to follow Asia Pacific between 2018 and
2026. It would be followed by North America from 2018 to 2026. The market in
Latin America and Middle East & Africa is anticipated to register a
sluggish growth rate during the forecast period.
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Benzylamine Market: Key Players
A large
number of companies operate in the global benzylamine market. Several regional
and local traders, distributors, and importers that supply benzylamine to
end-users operate in the market. Prominent companies operating in the
benzylamine market are Lanxess, Eastman Chemical Company, BASF AG, KOEI
CHEMICAL Co., Ltd., and Shandong Yuexing Chemical Co., Ltd.
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