Global Amines Market, By Type (Ethanolamine, Alkylamines, Fatty Amines, Ethylene Amine, Amino Methyl Propanol (AMP), Specialty Amines, Ethanol Amines), Application (Agricultural Chemicals, Cleaning Products, Gas Treatment, Personal Care Products, Petroleum, Water Treatment, Others), Function (Solvent, Chelating Agent, Corrosion Inhibitor, Bleach Activators, Surfactants) – Industry Trends and Forecast to 2030.
Amines Market Analysis and Size
Amines are key essentials for human life because they are important for building amino acids. These amino acids are building blocks of proteins in living organisms. Amines also help in the synthesis of numerous dopamine, histamine, serotonin, vitamins, epinephrine, and norepinephrine, among others. The increasing prevalence of chronic medical conditions is promoting the usage of the amines for the development of medication process and novel drugs. As a result, the need for amines in the pharmaceutical market is considerably increasing which is expected to enhance the market growth.
Data Bridge Market Research analyses that the amines market is expected to reach USD 26,794.05 million by 2030, which was USD 19,578.15 million in 2022, registering a CAGR of 4.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Amines Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Ethanolamine, Alkylamines, Fatty Amines, Ethylene Amine, Amino Methyl Propanol (AMP), Specialty Amines, Ethanol Amines), Application (Agricultural Chemicals, Cleaning Products, Gas Treatment, Personal Care Products, Petroleum, Water Treatment, Others), Function (Solvent, Chelating Agent, Corrosion Inhibitor, Bleach Activators, Surfactants),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Alkyl Amines Chemicals Limited (India), Kao Corporation (Japan), Albemarle Corporation (U.S.), Evonik Industries AG (Germany), BASF SE (Germany), Eastman Chemical Company (U.S.), Huntsman International LLC (U.S.), Solvay (Belgium), DuPont (U.S.), BALAJI AMINES (India), Indo Amines Limited (India), NOF CORPORATION (Japan), Celanese Corporation (U.S.), INEOS (U.K.), SABIC (Saudi Arabia), Air Products and Chemicals, Inc. (U.S.), Nouryon (Netherland), Global Amines Company Pte. Ltd. (Singapore)
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Market Opportunities
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Market Definition
Amines are organic compounds that contains nitrogen atoms with a lone pair. These are derivatives of ammonia which have one or more than one hydrogen atom substituted by either aryl or alkyl group. Amines have an irreplaceable position in human life because they are used in several personal care products, wastewater treatment, crop protection chemicals, gas treatment, pharmaceuticals, paints and coating, dyes, solvents, and many others.
Global Amines Market Dynamics
Drivers
- Increasing demand for liquid detergent
The growing demand for liquid detergent is expected to drive the growth of the amines market during the forecast period. The demand for liquid detergent is growing rapidly because of the rising usage of washing machines and dishwashers in urban areas, changes in consumer lifestyle and improvement in living standards. Consumers are highly adopting liquid detergent due to its ability to break down stains in fabrics. Therefore, the increasing demand for liquid detergent will increase the market growth.
- Growing usage of triethanolamine in personal care and cosmetics products
Growing demand for moisturizers and creams because of increasing consumer disposable income and awareness regarding personal care is expected to boost the market growth. For instance, triethanolamine which is an ammonia compound used as a foaming agent or emulsifier in personal care and cosmetics products. Thus, the increasing usage of triethanolamine in personal care and cosmetics products is anticipated to drive the growth of the amines market.
Opportunities
- Surging development by market players to increase product line
The surging development and other innovations by market players further offer numerous opportunities for the market growth. For instance, in October 2019, Nouryon constructed a demonstration facility in Stenungsund, Sweden to showcase a cutting-edge and more eco-friendly technological platform for synthesis of ethylene amines and their derivatives. This technique based on ethylene oxide allows the selective manufacturing of various end products. This is enabling Nouryon to increase the portfolio of its product line.
- Increasing development in wastewater treatment activities
The development of wastewater treatment plants in both developed and developing regions will create immense opportunities for market growth because amines improve water quality and act as corrosion inhibitors. The South African government contributed around USD 24 million to construct numerous wastewater treatment plants in 2019. Therefore, development in the wastewater treatment activities all over the globe promotes the market growth.
Restraints/ Challenge
- Stringent government rules associated with amines
Stringent government rules and regulations regarding the overexposure of amines, mainly methylamines, will hamper the growth of the market during the forecast period. Methylamines are harmful for human skin and may cause major market growth limitations.
- Fluctuating price of raw materials
Fluctuations in the price of raw materials which are used for the production of amine such as ethyl alcohol, industrial gases and ammonia, may have a direct impact on the overall growth of the amine market growth during the forecast period of 2023 to 2030.
This amines market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the amines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2021, BASF announced to increase in their production capacity for key specialty amines. With this announcement, BASF is able to produce more of its key tertiary amines and polyetheramines market under the LupragenTM and Baxxodur® brands. These assets will complement a global network of specialty amines production plants in North America including those at Ludwigshafen, Germany, and in Nanjing, China.
- In 2020, Huntsman Corporation, a US-based company that manufactures and markets chemical products, acquired Gabriel Performance Products for $250 million. This acquaition is likely to widen the offering of Huntsman in a specialty products portfolio that will further increase curing and toughening agents and other additives used in a wide range of coatings, composite, adhesive applications.
Global Amines Market Scope
The amines market is segmented on the basis of type, application, function and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ethanolamine
- Monoethanolamine
- Diethanolamine
- Triethanolamine
- Methyl Diethanolamine
- Alkylamines
- Methyl Amine
- Ethyl Amine
- Propyl Amine
- Fatty Amines
- Ethylene Amine
- Ethylenediamines
- Diethylenetriamine
- Tetraethylenepentamine
- Aminoethylpiperazine (AEP)
- Piperazine
- Amino Methyl Propanol (AMP)
- Specialty Amines
- Ethanol Amines
Application
- Agricultural Chemicals
- Cleaning Products
- Gas Treatment
- Personal Care Products
- Petroleum
- Water Treatment
- Others
End-use
- Rubber
- Personal Care Products
- Cleaning Products
- Adhesives
- Paints and Resins
- Agro Chemicals
- Oil and Petrochemical
- Other
Amines Market Regional Analysis/Insights
The amines market is analyzed and market size insights and trends are provided by country, type, application, function and end-use as referenced above.
The countries covered in the amines market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the amines market owing to the rapidly growing FMCG industry in emerging economies such as India and China. Furthermore, growing government intervention in providing safe drinking water in economies such as India, China and Indonesia will further boost the market growth.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 because of the increasing demand for amines from nutraceuticals and animal feed industries in this region. Furthermore, the strong demand of amines from the pharmaceutical industry will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Amines Market Share Analysis
The amines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to amines market.
Some of the major players operating in the amines market are:
- Alkyl Amines Chemicals Limited (India)
- Kao Corporation (Japan)
- Albemarle Corporation (U.S.)
- Evonik Industries AG (Germany)
- BASF SE (Germany)
- Eastman Chemical Company (U.S.)
- Huntsman International LLC (U.S.)
- Solvay (Belgium), DuPont (U.S.)
- Balaji Amines (India)
- Indo Amines Limited (India)
- NOF CORPORATION (Japan)
- Celanese Corporation (U.S.)
- INEOS (U.K.)
- SABIC (Saudi Arabia),
- Air Products and Chemicals, Inc.(U.S.)
- Nouryon (Netherland)
- Global Amines Company Pte. Ltd. (Singapore)
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