According to the latest report by IMARC Group “Amines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global amines market size reached US$ 18.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.01 Billion by 2027, exhibiting a CAGR of 5.05% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Amines are colorless, less volatile organic compounds derived from ammonia by replacing hydrogen atoms with an aryl or alkyl group. They are widely utilized as water softeners and corrosion inhibitors in the manufacturing of rubber, synthetic resins, fibers, and azo dyes. They are also extensively used in crop protection chemicals, personal care products, pharmaceuticals, coatings, paints, and wastewater and gas treatment for eliminating carbon dioxide (CO2) from natural gas.
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Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Amines Market Trends and Drivers:
Significant growth in the agriculture sector represents one of the key factors propelling the use of amines in the manufacturing of crop protection substances. These substances protect crops against parasites, fungal infections, and soil-borne rodents. Besides this, the rising prevalence of chronic disorders, such as hypertension, diabetes, and cholesterol, is driving the application of amines in the healthcare industry. Furthermore, rising accidents and the increasing number of individuals undergoing surgical intervention are positively influencing the demand for anesthetic drugs, which, in turn, is strengthening the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global amines market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, function and application.
Breakup by Product:
- Ethanolamines
- Fatty Amines
- Alkylamines
- Others
Breakup by Function:
- Solvent
- Chelating Agent
- Corrosion Inhibitor
- Bleach Activators
- Surfactants
- Others
Breakup by Application:
- Agriculture
- Gas Treatment
- Petroleum
- Water Treatment
- Personal Care
- Paints and Coatings
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Akzo Nobel N.V.
- Arkema S.A.
- BASF SE
- Celanese Corporation
- Dow Inc.
- DuPont de Nemours Inc.
- Huntsman Corporation
- Lanxess AG
- LyondellBasell Industries N.V.
- Mitsubishi Gas Chemical Company Inc.
- SABIC
- Solvay S.A.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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