North America Amines Market – Size, Outlook, Trends, and Forecast (2024

North America 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 a group of organic compounds that are derived from ammonia. They are characterised by a distinctive unpleasant smell that may sometimes also remind the handler of the smell of rotting fishes. Generally, an amine is a derivative of ammonia that centres around a single nitrogen atom. As a general rule, 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. Moreover, substances, where other atoms replace one or both hydrogen atoms, are also classified as amines.

North America Amines Market Segments Size & Growth:

North America 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.

North America Amines Market Segments Share:

North America amines market is categorised into a type which comprises 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

North America 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

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. 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, USA is projected to hold the largest share in the market and is projected to witness the highest growth rate during the to boost the

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North America 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

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