The new report by Expert Market Research titled, ‘Global Amines Market Growth, Share, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the Global Amines Market, assessing the market based on its segments like products, application, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2021-2026): 4%
Amines are utilised in agriculture as a nitrogen source and a natural fertiliser. The agricultural industry’s robust expansion, owing to increased need for high yield and enhanced crop protection, is raising demand for amines in the agricultural sector, fuelling market expansion. The use of amines in agrochemicals to generate pesticides while enhancing the pesticide’s capacity to dissolve in water is also fuelling industry expansion. Additionally, amines are used to soften plastic and remove carbon dioxide from ammonia gas to manufacture synthetic ammonia, which is fuelling market expansion.
Amines Industry Definition and Major Segments
Amines are nitrogen-containing organic molecules generated from ammonia. Among the important amines include amino acids, aniline, biogenic amines, and trimethylamine. They have a variety of applications and are utilised in the dyeing, pharmaceutical, and gas treatment industries, among others.
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Based on product, the amines market is divided into:
- Fatty Amines
Based on application, the industry is divided into:
- Crop Protection
- Water Treatment
- Personal Care
- Gas Treatment
On the basis of region, the market is segmented into:
- North America
- Latin America
- Middle East and Africa
Amines Market Trends
Amines are linked to a variety of medical benefits and aid in the treatment of life-threatening allergic responses caused by insect bites or stings, foods, drugs, latex, and other factors, boosting market growth. Furthermore, rising hygiene awareness because of the coronavirus epidemic has increased demand for personal and home cleansing products, fuelling market expansion. Amines are used in a variety of cleaning goods such as floor cleaners, tile cleaners, and laundry detergents to help remove dirt, grease, and stains, hence assisting market growth. Furthermore, the thriving cosmetics business is propelling the expansion of the amines market. Amines are used in personal care and cosmetics products to adjust the pH and lower surface tension. They are widely utilised in cosmetics, including eyeliner, mascara, brushes, hair care products, sunscreens, and skin cleansing products, among others, which is projected to drive market expansion further. Furthermore, rising consumer awareness of the importance of safe drinking water is hastening the amines industry. They are used to reduce the effects of carbon dioxide and other acids, as well as to regulate the pH of water.
Key Market Players
The major players in the market are Arkema S.A., Dow Chemical Company, Huntsman International LLC, Solvay S.A., LANXESS AG, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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