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Tert butylamine is used as an intermediate in the production of accelerators for the rubber and tyre industries. In developed regions like Europe and North America, the growing demand for luxury cars is driving the demand for high-quality tyres in the automobile industry, which, in turn, is significantly contributing to the industry growth. Moreover, the growing adoption of electric vehicles owing to the favourable government policies in the region is expected to positively impact the sales of the product. Moreover, the thriving pharmaceutical sector is also aiding the market expansion. The growing competition over prescription drug home delivery among some of the biggest names like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to boost the sales of end-use products and further push the growth of the tert butylamine industry.
The capacity expansion by the major players is driving the growth of the tert butylamine industry. The manufacturers are increasingly focusing on expanding their business, particularly in the emerging regions like the Asia Pacific. In September 2016, BASF SE (OTCMKTS: BASFY), one of the leading players in the market, completed a major capacity expansion for tert butylamine (tBA) at its plant in China, marking an increase of 60% from its initial annual capacity of 10,000 tons. This would allow the company to fulfil the increasing demand for tyre additives in the Asia Pacific, especially China, and strengthen its global footprint. Such developments are expected to positively impact the overall growth of the tert butylamine industry.
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The major players in the global tert butylamine market are BASF SE, Zibo Luhua Hongjin New Material Co., Ltd., and Leisha Pharma Solutions Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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