Ethylamine market concentration increases, with few large-scale production companies

Ethylamine is an important organic chemical intermediate. It is a liquid or gas at room temperature and pressure. The liquid is colorless and transparent, with a strong ammonia smell. Since the ethylamine molecule contains active primary and secondary amine groups, it can react with a variety of compounds to form a variety of derivatives, which are widely used in pesticides, medicine, fine chemicals and other fields. Ethylamine series products include monoethylamine, diethylamine and triethylamine.

In recent years, the domestic market demand for ethylamine has continued to grow, mainly due to the growth in market demand for downstream products such as glyphosate. Since 2017, agricultural product prices on the global demand side have shown signs of bottoming out, and international agrochemical giants have destocked The stage has basically ended and a new round of inventory replenishment cycle has entered, which has led to an increase in sales of domestic pesticide companies and a corresponding increase in demand for ethylamine products. In addition, the promotion and application of triethylamine in the field of vinylene carbonate has also laid the foundation for the growth of demand for ethylamine. According to the “In-depth Market Research and Development Prospects Report on China’s Ethylamine Industry 2023-2028” released by the Industrial Research Center in 2022 , China’s demand for ethylamine is 185,200 tons.

my country’s ethylamine industry started late. In the early days, it was mainly through the introduction of foreign technology. The industry’s production capacity was small, product yields were low, and energy consumption was high. However, as domestic companies achieved independent technological breakthroughs, domestic products gradually replaced imports with high cost performance. , occupying the domestic market. After domestic enterprises achieved industrialization and large-scale production, their production capacity expanded rapidly and market competition became fierce, which is not conducive to the long-term and healthy development of the industry.

In the past five years, with the issuance of environmental protection policies and the tightening of market supervision, my country’s ethylamine market structure has been continuously optimized, devices with high energy consumption, high pollution, and small scale have been continuously withdrawn from the market, and market concentration has continued to increase. At present, there are few companies that have achieved industrialized and large-scale ethylamine production in my country. Representative companies in the industry mainly include Dezhou Dehua Chemical Co., Ltd., Shandong Kunda Biotechnology Co., Ltd., Zhejiang Jianye Chemical Co., Ltd., Nanjing Qinzuofu Chemical Co., Ltd., Zhejiang Xinhua Chemical Co., Ltd., etc.

Industry analysts said that in the short term, existing companies in the industry have major challenges in terms of scale, technology, customer resources, etc. Advantages, it is difficult for new entrants to accumulate these advantages in a short period of time, and ethylamine companies face little threat of substitution; in the long term, as new entrants start production one after another and gain market recognition, the market share of the original companies in the industry will Being squeezed, at the same time, Dezhou Dehua Chemical Co., Ltd., Shandong Kunda Biotechnology Co., Ltd., Zhejiang Jianye Chemical Co., Ltd., Nanjing Qinzuofu Chemical Co., Ltd., and Zhejiang Xinhua Chemical Co., Ltd. will rely on their leading B The scale advantage of base amine production capacity and brand advantage continue to maintain its leading position in the industry.