Amines Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Amines Market is worth US$ 26,740.0 Mn in 2022. The market value of Amines is expected to reach US$ 53,095.3 Mn by the year 2032, growing at a CAGR of 7.1% over the forecast period. From 2017–2021, when the market’s CAGR was 5.8%, the market underwent significant growth.
The Amines market is rapidly expanding due to the growing demand for Amines in various end-use products. The consumption of amines has increased over the past few years due to development in application sectors such as water treatment, agriculture, petroleum, and personal care. This trend is anticipated to continue throughout the forecast period.
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ChemView Consulting has analyzed that Amines seeks significant demand from the Agriculture industry, positively influencing the market growth. Increasing Crop Protection products in regions such as the Middle East, Asia Pacific, and Latin America have risen dramatically Amines demand.
According to ChemView Consulting, Amines are ideally suited for usage as intermediates in producing a wide range of goods, including agrochemicals and pesticides, thanks to their outstanding solvency. It is anticipated that rising industrialization would increase product demand for chemical production and the chemical industry’s rapid global expansion.
Segments Covered in Report
By Product Type
- Aromatic Amines
- Fatty Amines
- Specialty Amines
- Aliphatic Amines
- Amine Derivatives
- QAC
By Application
- Crop Protection
- Surfactants
- Water Treatment
- Personal care
- Gas Treatment
- Others
By End Use
- MDI
- Pharmaceuticals
- Agrochemicals
- Paints, Coatings, Dyes & Inks
- Plastic, Polymer & Rubber
- Water Treatment
- Cosmetics & Personal care Industrial & Home care
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
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Key Takeaways from the Amines Market
- Based on the end-user, the pharmaceutical industry segment accounts for 30.0% of the global Amine consumption market share.
- Based on the Application type, the Crop Protection segment will dominate at a significant CAGR from 2022 to 2032.
- Based on Product Type, the Fatty Amine segment is anticipated to dominate the market in terms of volume and value throughout the forecast period. The widespread usage of fatty amines as emulsifiers in various end uses, including agrochemicals, chemical processing, personal care, and home, can be credited with the segment’s expansion.
- Asia-Pacific is projected to dominate the Amines market with a market share of 55.4% during the forecast period due to high consumption from the region’s stringent end-use industries and enormous Amines production rate, particularly in China & India.
Competition Summary
Key companies covered in the market study are BASF SE, Evonik Industries AG, Lonza, Akzo Nobel N.V, Arkema Group, Celanese Corporation, Clariant, Daicel Corporation, Dow Chemical Company, Huntsman International LLC, Eastman Chemical Company, INEOS, LyondellBasell Industries N.V., Mitsubishi Gas Chemical Company Inc., SABIC, Solvay, Tosoh Corporation, Indo Amines Limited, Balaji Amines, Amines & Plasticizers Limited, Alkyl Amines Chemicals Limited, RCF Limited
Report Key Highlights
- Detailed information on factors that will assist Global Amines Market growth during the next ten years
- Assessment of the historical and current Global Amines Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
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