Amines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Amines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • May 2022 •
  • 145 pages •
  • Report ID: 6197673 •
  • Format: PDF
The global amines market reached a value of US$ 18.56 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 25.01 Billion by 2027, exhibiting a CAGR of 5.05% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Amines are colorless, less volatile organic compounds that belong to the family of nitrogen. They are made by replacing oxygen with hydrogen atoms in the molecule or reaction of ammonia with organic groups. They are widely used as corrosion inhibitors and in the production of rubber, fibers, synthetic resins, and azo dyes. Besides this, they are also employed in gas treatment for removing carbon dioxide (CO2) from natural gas and the manufacturing of various drugs.

Amines Market Trends:
The vast applications of amines in different end use industries represent one of the key factors bolstering the market growth. For instance, they find application in the agriculture sector to formulate chemicals for crop protection. Moreover, due to inflating income levels, improving living standards, and the rising influence of social media, the demand for personal care products is increasing worldwide, which, in turn, is influencing the market. Amines are also used to produce plastics, emulsifiers, chelating agents, corrosion inhibitors, and concentrated detergents. This, along with significant growth in the construction, energy, and industrial sectors, is strengthening the market. Apart from this, the growing prevalence of chronic diseases, such as diabetes, hypertension, and cholesterol, is positively influencing the use of amines in the pharmaceutical industry. They are also gaining traction as solvents for manufacturing paint and coatings in the automotive industry. Furthermore, increasing investments in research and development (R&D) activities to improve their characteristics and expand their uses are anticipated to propel the growth of the market.

Key Market Segmentation:
the analyst 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:
Fatty Amines

Breakup by Function:
Chelating Agent
Corrosion Inhibitor
Bleach Activators

Breakup by Application:
Gas Treatment
Water Treatment
Personal Care
Paints and Coatings

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Solvay S.A.

Key Questions Answered in This Report:

How has the global amines market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global amines market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the function?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global amines market and who are the key players?
What is the degree of competition in the industry?