Asia-Pacific Amines Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Amines are the type of organic compounds containing nitrogen and are the relatives of ammonia. In amines, one of the hydrogen atoms on the nitrogen is replaced with a hydrocarbon group. An amine is classified as a compound that has a nitrogen atom connected with two hydrogen atoms and a single group of some other atoms. Furthermore, substances, where other atoms replace one or both hydrogen atoms, are also classified as amines.
Asia-Pacific Amines Market Segments Size & Growth:
Asia-Pacific Amines Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include rising demand for personal care products, growth in the construction sector, rising middle-class sectors, growth in the agriculture industry, high growth in end-user industries, increasing surfactant demand, rising need for crop protection chemicals, and massive developments in emerging economies. However, availability of specialised raw materials, volatility of raw material prices, and environmental regulations are thereby hindering the growth of the market. Various opportunities of amines market include emerging economies, and new amine grades in the market and impending applications.
Asia-Pacific Amines Market Segments Share:
Asia-Pacific amines market is categorised into a type which comprises of ethylene amines, speciality amines, fatty amines, alkyl amines, and ethanolamines. Among them, Ethanol amine segment is anticipated to hold the largest share in the market during the forecast period because It has a huge variety of applications
Asia-Pacific Amines Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
in agro-chemicals, dyes, rubber industry, plastics, textiles, and many other applications. The fatty amines segment has the high demand for ethanolamine owing to its various increasing applications. By applications, the market is segmented into agro-chemicals, surfactants, water treatment, personal care, gas treatment, and others. The water treatment segment is expected to hold the highest growth rate in the market. Increasing firm regarding wastewater discharge from industrial & municipal sources, and water stress & security are under increased exploration and are monitored through stringent regulations which are estimated to fuel the increasing investments in wastewater industries which in turn drive the demand for fatty amines for various applications such as biocides and corrosion inhibitors. By the end of the forecast period, water treatment segment is expected to reach a value of around $617 million from a value of $ 466 million in 2017. By end-users, the market is segmented into petroleum, construction, chemical manufacturing, healthcare, agriculture, textile & dyes, reprography, and others.
By Geography, China is projected to hold the largest share in the market and India is projected to witness the highest growth rate during the forecast period because of fast-paced growth of key application industries in the region. The fast-growing industries such as manufacturing, energy, construction, and FMCG in emerging countries such as China, India, Japan, and others are expected to drive product use over the forecast period. The high growth is a result of significant growth in end-use industries. Further, the presence of key chemical
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Asia-Pacific Amines Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
manufacturers in the country with extensive product portfolios are projected to boost the demand for the product shortly.
Asia-Pacific Amines Market Trends:
- BASF SE has decided to further expand the production capacity of speciality amines complex in Nanjing, China.
- Clariant AG has awarded RSPO mass balance certification for Asia-Pacific and European production sites.
Asia-Pacific Amines Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
- BASF SE
- The Dow Chemical Company
- Huntsman Corporation
- Clariant AG
- Mitsubishi Gas Chemical Company
- DuPont
Along with these companies, there were many other companies considered/cited in the report while analysing the Asia-Pacific amines market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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