Trimethylamine Market Size
| Study Period | 2018 - 2028 |
| Market Volume (2023) | 564.37 kilotons |
| Market Volume (2028) | 691.61 kilotons |
| CAGR (2023 - 2028) | 4.15 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Trimethylamine Market Analysis
The Trimethylamine Market size is expected to grow from 564.37 kilotons in 2023 to 691.61 kilotons by 2028, at a CAGR of 4.15% during the forecast period (2023-2028).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- The major factor driving the studied market's growth is increasing initiatives and investments by government and animal welfare associations.
- Conversely, the products' high toxicity and environmental concerns are expected to hinder market growth.
- Increasing oil and gas industrial activities will likely create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Trimethylamine Market Trends
This section covers the major market trends shaping the Trimethylamine Market according to our research experts:
Choline Chloride - A Huge Market Potential
- Choline chloride is the largest application of trimethylamine. Trimethylamine is used in the production of choline chloride which is used in the animal feed and human development as a vitamin, in the oil & gas exploration activities, lubricants, and greases, etc.
- Choline chloride is majorly used as feed in the poultry. With rising incomes of the consumers to eat more protein coupled with the increasing population and urbanization, the demand for poultry meat and eggs is significantly rising.
- Poultry is a key factor for the smallholders and poor people, both in rural and urban areas, thereby boosting the production of poultry. According to the Poultry Hub Organization, global poultry production was 111,000 thousand metric tons in 2015 and is expected to reach 131,255 thousand metric tons in 2025.
- With the increasing demand for poultry meat coupled with the increasing poverty in the country, there is a significant growth in the poultry industry. Owing to all these factors, the market for trimethylamine is likely to grow across the world during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.
- China’s trimethylamine demand is rising faster than the global average, due to the rising demand for meat products from China’s wealthy middle class. The enormous growth can be explained by the surging demand for animal feed used in the livestock and farming industries. Since the population almost doubled to 1.4 billion people, the country’s demand for meat and animal feed has exploded.
- Recently, the development of China's aquaculture industry accelerated hugely. The capacity of pork eggs and livestock also ranked in the first place, worldwide. This scenario is creating an exciting opportunity for the trimethylamine market in the country.
- Furthermore, the 12th five-year development plan in the feed industry clearly pointed out that China should develop feed products with excellent quality, safety, high-efficiency, and new feed additives, as well as strengthen the international competitiveness and reduce the production cost.
- Due to all such factors, the market for trimethylamine in the region is expected to have a steady growth during the forecast period.
Trimethylamine Industry Overview
The trimethylamine market is consolidated in nature. Some of the major players in the market include BASF SE, Celanese Corporation, Eastman Chemical Company, MITSUBISHI GAS CHEMICAL COMPANY, INC., and DuPont, among others.
Trimethylamine Market Leaders
BASF SE
Celanese Corporation
Eastman Chemical Company
MITSUBISHI GAS CHEMICAL COMPANY, INC.
*Disclaimer: Major Players sorted in no particular order
Trimethylamine Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Initiatives and Investments by Government and Animal Welfare Associations
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4.1.2 Other Drivers
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4.2 Restraints
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4.3 Industry Value-Chain Analysis
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4.4 Porters Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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4.5 Price Analysis
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Anhydrous Liquefied Gas
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5.1.2 Aqueous Solution
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5.2 Application
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5.2.1 Choline Chloride
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5.2.2 Chemical Intermediate
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5.2.3 Ion-exchange Resins
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5.2.4 Other Applications
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BALAJI AMINES
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6.4.2 BASF SE
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6.4.3 Celanese Corporation
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6.4.4 DuPont
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6.4.5 Eastman Chemical Company
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6.4.6 MITSUBISHI GAS CHEMICAL COMPANY, INC.
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6.4.7 The Chemours Company
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6.4.8 Triveni chemicals
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6.4.9 Zhejiang jiangshan Chemical Co., Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Oil & Gas Industrial Activities
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Trimethylamine Industry Segmentation
The global trimethylamine market report includes:
| Type | |
| Anhydrous Liquefied Gas | |
| Aqueous Solution |
| Application | |
| Choline Chloride | |
| Chemical Intermediate | |
| Ion-exchange Resins | |
| Other Applications |
| Geography | |||||||
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Trimethylamine Market Research FAQs
How big is the Trimethylamine Market?
The Trimethylamine Market size is expected to reach 564.37 kilotons in 2023 and grow at a CAGR of 4.15% to reach 691.61 kilotons by 2028.
What is the current Trimethylamine Market size?
In 2023, the Trimethylamine Market size is expected to reach 564.37 kilotons.
Who are the key players in Trimethylamine Market?
BASF SE, Celanese Corporation, Eastman Chemical Company and MITSUBISHI GAS CHEMICAL COMPANY, INC. are the major companies operating in the Trimethylamine Market.
Which is the fastest growing region in Trimethylamine Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2022-2028).
Which region has the biggest share in Trimethylamine Market?
In 2022, the Asia Pacific accounts for the largest market share in Trimethylamine Market.
Trimethylamine Industry Report
Statistics for the 2023 Trimethylamine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Trimethylamine analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
