Global Amines Market – Size, Outlook, Trends and Forecast (2024

Global Amines Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

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. Furthermore, depending on the number of hydrogens been replaced by the hydrocarbon group they have been classified into primary, secondary and tertiary amines.

Global Amines Market Segments Size & Growth:

Global Amines Market size is projected to reach approximately $20.9 billion by the end of 2024 with a CAGR of close to 8.7% from $14.9 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 global market and impending applications.

Global Amines Market Segments Share:

Global 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 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.

Global 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

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 projected to boost the increasing investments in wastewater industries which in turn would drive the demand for fatty amines for 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, Asia-Pacific is projected to hold the largest share in the market and 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, and South Korea is expected to drive product use over the forecast period. The industries in China has accounted the volumes of over 1,370.0 kilotons in 2017 and is expected to witness a CAGR of nearly 4.7% during the forecast years. The high growth is a result of significant growth in end-use industries.

Further, the presence of key chemical manufacturers in the country with extensive product portfolios are projected to boost the demand for the product shortly. The European industry accounts for a significant share and with the presence of key market players including BASF SE in the region, with large production capacities. Germany

You can also purchase parts of this report. Do you want to check out a section wise price list

Global 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

accounted for a significant share regarding both volume and revenue and mainly on account of a large number of market participants in the country.

Global Amines Market Trends:

The BASF SE company has planned to expand its portfolio of amines with approximately 300 different amines and has the world’s most diverse portfolio of this type of chemical intermediates.
Huntsman Corporation performance products division has increased the off-list prices in the NAFTA region for the amine products listed below, by $0.05/lb.

Global 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 global 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.

Credibility and
Transparency

We actively recruit consumers, business professionals, and elusive individuals for our research panels, fostering enduring relationships. Our commitment to transparency is evident in the comprehensive listing of primary and secondary data sources, ensuring unwavering credibility in our reports.

Exhaustive
Coverage

Uncover the full spectrum with Envision Intelligence. Our detailed and extensive geographical coverage, coupled with survey consultation services, spans brand tracking, concept testing, and consumer behaviour analysis. Adapt to your evolving needs with scalable market research services that leave no facet unexplored.

Competitive
Edge

Stay ahead with Envision Intelligence. Our reports provide the latest market updates up to the date of purchase. Recognising the urgency of impactful decisions, we deliver timely analyses on the unprecedented choices made by CXOs during the COVID-19 crisis—providing valuable insights at no extra cost.

Golden
pportunities

Unearth hidden gems with Envision Intelligence. Our analysts and consultants conduct a comprehensive strategic sieve analysis, augmented by AI tools, to identify non-obvious, golden, and emerging opportunities. Evaluate possibilities that set you apart in the market.

Top-notch Reportsd
Guaranteed

Experience unparalleled depth with Envision Intelligence. Over 70% of our research is exclusive, establishing us as the premier source for in-depth and extensive market insights. Elevate your decision-making with reports that go beyond the ordinary.

Post Purchase
Support

Empower your journey with Envision Intelligence. Our commitment extends beyond the purchase. Enjoy post-purchase support for three months, with queries addressed within 24 business hours via telephone or email. We stand by you in your quest for ongoing success.