Dimethylamine Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Dimethylamine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Dimethylamine Price Trend for the Q1 of 2024
Asia
The dimethylamine market of the APAC countries witnessed a decline in its market momentum during the first quarter of 2024. During this phase, as compared to the previous quarter, the Indian traders noticed a high supply of the commodity while the demand for the commodity remained on the lower end of the spectrum. In China too, the agrochemical, pharmaceutical, and other related sectors presented only limited rates of procurement.
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Additionally, the feedstock commodities also failed to support the market momentum as in the previous quarters, further accelerating the depreciating price trajectory of dimethylamine. These bearish sentiments of the market could be associated with the onset of the holiday season in China and the weak interest of international players amid the rising tensions at the Red Sea.
Europe
The European countries also witnessed frail growth of the dimethylamine market during the first quarter of 2024. Similar to the Asian countries, the downstream agrochemical, pharmaceutical, etc., presented weak demand for dimethylamine, and in view of this, the trading and manufacturing sector opted for destocking measures by offering discounts on bulk purchases, supporting the downtrend in the prices of dimethylamine.
The decline in methanol and ammonia prices further contributed to this southward journey. The escalating supply chain issues due to the disruption of the Red Sea route, increasing instances of Houthi attacks, and significant rise in freight charges presented challenging trading conditions, contributing a significant share in the falling trajectory of dimethylamine prices.
North America
The North American market of dimethylamine struggled with several challenges during the Q1 of 2024. A number of primary drivers of the dimethylamine prices turned bearish in this phase, extending a negative impact on the dimethylamine market. As the quarter began, the pharma and cosmetics sector showed positive demand, but the agrochemical, rubber, and plastic industries lowered their number of offtakes. With the progression of the quarter, the procurement rates further declined, and even the raw material prices fell, resulting in the downfall of the dimethylamine price trend. The manufacturers reported low consumer confidence and stagnant buying activities, leading to this downward movement of dimethylamine prices.
Analyst Insight
According to Procurement Resource, the price trend of Dimethylamine is estimated to continue its bearish tone globally amid limited growth in the market momentum of its feedstock commodities and consumer purchasing sentiments.
Procurement Resource provides latest prices of Dimethylamine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Dimethylamine is a colorless, flammable gas with a strong ammonia odor with high solubility in water and organic solvents. This gas is a secondary amine, and is characterized for its basicity and reactivity, explored widely in chemical synthesis. It also forms salts and derivatives under normal conditions which are used in a number of applications. In chemical industries, dimethylamine gas is primarily used for the production of pharmaceuticals, agrochemicals, rubber chemicals, and water treatment chemicals.
Report Features | Details |
Product Name | Dimethylamine |
Chemical Formula | (CH3)2NH |
Industrial Uses | Agricultural Chemicals, Pharmaceutical Synthesis, Rubber Chemicals, Water Treatment Process |
Molecular Weight | 45.08 g/mol |
CAS No. | 124-40-3 |
HS Code | 29211190 |
Supplier Database | Eastman Chemical, BASF, Celanese, Mitsubishi Gas Chemical Company, Balaji Amines, Hualu Hengsheng, Alkyl Amines Chemicals, Nanjing Qinzuofu Chemical |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
This reaction requires the presence of a solid catalyst, such as alumina, which can cause dehydration and amination. It also requires elevated temperatures in the range of 380-430 °C. Under these conditions, ammonia and methanol react to give dimethylamine, along with monomethylamine and triethylamine as the side products.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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