North America Alkylamines Market Outlook

the north american alkylamines market is expected to register a stable growth rate between 2018 and 2032. the increasing demand from various application segments such as in surface coatings, crop protection, oil and gas, and water treatment is expected to drive the market. the u.s. and canada are the major countries in the north american alkylamines market. the availability of attractive government initiatives and support is expected to drive demand in the region. the market is likely to be dominated by major manufacturers such as huntsman corporation, akzonobel, cie de saint-gobain, and the dow chemical company. the players are likely to leverage their strong presence in the region to gain a strong foothold in the market. the growing demand from end-use industries and applications such as drug intermediates, rubber accelerators, and metal detergents is expected to drive the market further. the rising focus on environmental safety initiatives and sustainable production methods is likely to be a major growth factor for the alkylamines market. due to their excellent emulsifying and wetting properties, alkyl amines reduce the surface tension of liquids, and thus, these are widely used in various coating applications. the growing demand for alkylamines in this segment is expected to be one of the major contributors to the market growth. the rising investments and funds from the government and private players have helped to sustain the growth of the alkylamines market. the availability of raw materials at competitive prices is expected to further drive the market. the increasing demand from the oil and gas sector, on account of the rising need for lubricants and armoring agents, is expected to propel the market further. on the other hand, stringent environmental regulations, accompanied by the high costs of alkylamines production technology, are expected to limit the market growth rate in the region. nevertheless, the rapidly emerging biobased production technologies are expected to reduce dependence on hazardous chemicals and create long-term growth opportunities.