Market demand scale and forecast of China s octanamine industry in 2024

Mondo Finance Updated on 2024-03-02

According to the "Market Research and Investment Strategy Report on China's Octamine Industry (2024 Edition)" released by Limu Information Consulting, high-grade aliphatic amines are important intermediates in the production of surfactants and softeners in organic chemistry, and have important uses in industrial and agricultural production.

Octamine is mainly used in pharmaceutical intermediates, fungicides, fiber and leather softeners, fabric antistatic agents, water and water treatment flocculants, extractants, etc. Domestic octamine is mainly used for the synthesis of isothiazolinone fungicides. Octylisothiazolinone can be used in a wide range of products such as coatings, paints, inks, lubricants, shoe polishes, leather chemicals, wood products, and cultural heritage preservation.

At present, the global specialty amine field is in a situation of monopolistic competition, and the foreign market is occupied by BASF and Solvay. In recent years, due to cost and environmental considerations, international giants have drastically reduced the production of specialty amines and gradually shifted to China. The world's major octylamine manufacturers (excluding China) are BASF AG and Solvay.

Domestic manufacturers include Jiangsu Wansheng Dawei Chemical, Solvay (Zhangjiagang) Fine Chemicals, BASF Performance Chemicals (Nanjing)**, Zhejiang Xinhua Chemical Co., Ltd., and Shandong Damin Chemical Co., Ltd. In recent years, under the influence and restrictions of environmental protection related policies, some small-scale manufacturers in the domestic region have gradually withdrawn, and the industry has gradually concentrated on enterprises with scale advantages.

In 2020, China's octylamine market **42-4.80,000 tons of caprylamine market in China in 2021**40-4.50,000 tons, 2022 China's octamine market**60-6.50,000 tons of 50,000 tons, China's octamine market in 2023**52-6.30,000 tons.

Octamine products can be used in the treatment of industrial dye wastewater, the remediation of the national industrial environment, coupled with increasingly strict control and requirements, the future of domestic production capacity of acid dye intermediates is bound to improve wastewater treatment, and the demand for octamine products will increase greatly. Octamine products can also be widely used as bactericidal algaecides in the purification and prevention of rivers and lakes, and the demand for this will also grow as China becomes more environmentally conscious.

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