Kenneth Research, in its repository of market research reports, has recently added a report on Dimethylaminepropylamine Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Dimethylaminepropylamine Marketis anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dimethylaminepropylamine Market products.
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The global Dimethylaminepropylaminemarket was valued at USD 263.1million in 2016 and is projected to reach USD 415.3million by 2025, growing at a CAGR of 5.2% from 2017 to 2025.
Dimethyaminopropyleneamine is used in the manufacturing of a large number of surfactants that are used in the manufacturing of soaps, shampoos and other personal care products. The other applications include dyes, adhesives and sealants and fuel additives.
Market Dynamics:
1. Market Drivers
1.1 Growing demand from emerging economies
1.2 Versatile and unique chemical properties
2. Market Restraints
2.1 Stringent government and environment regulations
2.2 Volatile raw prices
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Market Segmentation:
The global Dimethylaminepropylaminemarket is segmented on the applicationand region.
1. By Application:
1.1 PU Catalyst
1.2 Water Treatment
1.3 Agriculture
1.4 Pharmaceuticals
1.5 Personal Care
1.6 Others
2. By Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. BASF SE
2. Air Products and Chemicals
3. Eastman Chemical Company
4. Huntsman
5. Alkyl Amines Chemical Ltd.
6. Hans Group
7. Solvay SA
8. Realet Chemical Technology Co. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Dimethylaminepropylaminemarket was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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