USD 45.24 million
Report ID: SQSG15E2043 | Region: Global | Published Date: November, 2022 | Pages: 157
Global N-Methylmorpholine Market was valued at USD 45.24 million in 2021, and it is expected to reach a value of USD 51.48 million by 2028, at a CAGR of more than 1.90% over the forecast period (2022- 2028).
N-Methylmorpholine is a colourless and clear in appearance liquid, with amine odour characteristics. It is manufactured by the dehydration of reaction of methylamine and diethylene glycol as well as by the hydrogenolysis of N-Formylmorpholine. It has maximum water content and is completely miscible in water and also in organic solvents. It is used in many applications owing to its versatility such as chemical and pharmaceutical. Rise in its demand in end-use industries is expected to augment the market growth during the forecast period.
It is widely used as the solvent, catalyst, corrosion inhibitor, and additive in the processing of organic synthesis. It is also used as the catalyst for foaming in the processing of polyurethane plastics while featuring extraordinarily outstanding performance. It is also used in the synthesis of rubber accelerators, fine chemicals, synthesis of amino benzylpenicillin, and hydroxy benzylpenicillin catalyst.
Global Market Size
USD 45.24 million
more than 1.90% CAGR
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The global N-Methylmorpholine market is segmented based on the product type, application, and region. Based on the product type, it is bifurcated into 99-99.5%, and >99.5%. Based on application, it is segmented into chemical, pharmaceuticals, and others. Based on region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Product Type
The global N-methylmorpholine market is bifurcated based on product type into up to 99-99.5%, and >99.5%. The 99-99.5% segment is anticipated to hold the largest share in the global market. By type, it ranges from 99-99.5% majorly use in Chemical industries such as agro-chemicals, paint industry, leather, synthesis, and fine chemicals and also used as a solvent. This solvent can be used as an intermediary chemical for the production process of very end-products. The demand for such solvent will trigger the demand of 99-99.5% in the market during the forecasted period.
Analysis by Application
The global N-methylmorpholine market is segmented based on application into chemical, pharmaceuticals, and others. Chemical segment is anticipated to hold the largest share in the global market. N- methylmorpholine is a solvent used in the production of dyes, resins, waxes. Asia is one of the top most producers in the Agro-Chemical and Chemical segment. It is used in the production of polyurethane foams, elastomers, and adhesives as a crosslinker. Chemical industry contributes about 60-65% market share. By application, for pharmaceutical industry mainly serves as a reagent in the synthesis of active pharmaceutical ingredients. Majorly in Pharmaceuticals industry >99% Methylmorpholine is used and works as a neutralizing amine for water reducible alkyd coatings, these factors are also driving the demand in the pharmaceutical segment.
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The global N-methylmorpholine market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia Pacific region is expected to account for the largest market. China is the core center of the chemical industry’s supply chain, with the presence of organizations that have massive factories in the country. As per the International Council of Chemical Associations (ICCA), China is the eighth largest chemical importing nation and the twelfth largest chemical exporting nation across the globe. Most of the Chinese factories were shut down due to the coronavirus pandemic. As a result, there is a high disruption in the supply chain process of chemicals globally. the market is also likely to witness a high volatility in prices owing to a certain array of factors such as natural prices hike in the key economies of the Asia-Pacific region and a decline in the import of products from China to India. Hence, this might impact the growth of the Asia Pacific market. In addition to this, the industry has also been influenced by the decline in the import from China in India. This has largely influenced the growth of the industry. Also, the increased prices of natural gas in India have increased the prices of N-Methylmorpholine in the India. This volatility in the prices further impacts the market growth.
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Increased Demand of N-Methylmorpholine Across Various Applications
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The N-methylmorpholine market is competitive market. The major producers are from China followed by India. Post-Covid, the market became more sensitive as there is a 20-25% hike in the prices. Currently, China has minimized the production of N-Methyl which resulted in a shortage of supply of N-Methylmorpholine.
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According to our global N-Methylmorpholine market analysis, The Asia pacific accounted for a major market revenue share of more than 40% in the year 2021 and is estimated to maintain its dominance over the forecast period. Asia is one of the topmost producers in specialty chemical segment owing to developing nations such as China and India. Chinese n-methylmorpholine imports have reduced across the globe which is shifting the demand to India. Hence, India is projected to witness fastest growth over the forecast period though China dominates the Asian market. China still holds the major share in the Asia Pacific n-methylmorpholine market however, the Indian chemical industry which in turns is also promoting the growth of n-methylmorpholine in Indian market.
|Market size value in 2021||USD 45.24 million|
|Market size value in 2028||USD 51.48 million|
|Growth Rate||more than 1.90%|
|Forecast period||2022- 2028|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global N-Methylmorpholine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global N-Methylmorpholine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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