Amines are intermediate chemical compounds that are used in the manufacturing of other chemical products. It is produced by the alkylation of alcohols or the reduction of nitriles. They are categorized into primary amines, secondary amines, tertiary amines, and cyclic amines. Amines are widely used in the production of herbicide formulations, cement and concrete, corrosion inhibitors, chelating agents, and petroleum products.
Market Dynamics
There is a growing demand for surfactants from various applications such as agricultural formulations, fabric softeners, biocides, detergents, and emulsifiers. Growth in the textile industry is another major factor fueling demand for surfactants. Surfactants are also used in the production of various agricultural chemical products. All these factors are expected to augment the global amines market growth over the forecast period.
Rapidly growing end user industries such as construction, energy, manufacturing, and FMCG are boosting the demand for amines. Growth in chemical industries due to increasing investments in the industry coupled with the rising production of chemicals due to the growing demand from various end user industries will favor the market growth over the forecast period. Hence, the rapidly growing end user industry is expected to bolster the global amines market growth.
Fluctuating prices of raw materials used in the manufacturing of amines and its derivatives are expected to hamper the market growth.
Key features of the study:
- This report provides an in-depth analysis of the global amines market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global amines market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- The key companies covered as a part of this study include Arkema SA, AkzoNobel N.V., Alkyl Amines Chemicals Ltd., BASF SE, BASF-YPC Company Limited, The Dow Chemical Company, Huntsman Corporation, and Mitsubishi Gas Chemical Company Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgrade, market expansion, and marketing tactics
- The global amines market report caters to various stakeholders in this industry including investors, suppliers, amine manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global amines market
Detailed Segmentation:
- Global Amines Market, By Product Type:
- Ethanolamines
- Alkylamines
- Fatty amines
- Others
- Global Amines Market, By Application:
- Crop Protection Chemicals
- Water Treatment
- Personal Care
- Surfactants
- Others
- Global Amines Market, By Region:
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- North Afric
- Central Africa
- South Africa
- Rest of Africa
- Company Profiles
- Arkema SA.
- AkzoNobel N.V.
- Alkyl Amines Chemicals Ltd.
- BASF SE
- BASF-YPC Company Limited
- The Dow Chemical Company
- Huntsman Corporation
- Mitsubishi Gas Chemical Company Inc.