The Amines Market was valued at USD 15.6 billion in 2021 and is anticipated to increase at a CAGR of 4.7% between 2023 and 2030.
Amines are highly in demand for the manufacturing of agrochemicals. They are widely utilized in making crop protection substances. They protect the crop from any fungal infections, soil-borne rodents, or parasites. Because the population is increasing rapidly, so is that the demand for agricultural produce to satisfy the hunger of such an outsized population. This is often giving a push to the Amines Industry.
Growing consumer awareness of the importance of presentable looks in both personal & professional spaces, an increasing number of premium brands offering personal grooming products, changing consumer lifestyles, and increased consumer spending on high-end cosmetic products, like eyeliners, mascaras, blush, and foundations, are likely to spice up product demand from the personal care application.
Moreover, numerous attributes of various sorts of amines including good emulsifying properties, the power to take care of pH levels of the skin & scalp, and surfactant, antistatic & viscosity increasing properties will further contribute to the increasing product demand from different skincare & hair care products over the forecast period.
Awareness about the hazardous effects of agrochemicals and therefore the adoption of a healthy lifestyle by the end-users has become a serious constraint within the growth of the Amine Industry. People are shifting to organic or bio-based products because they're safe for human consumption. The value and availability of raw material also keep it up fluctuating which can restrict its overall growth.
Covid-19 Impact on Amines Market:
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world.
Amines Market Segment Overview
Based on Type, the Amines Market will be segmented into ethylene amine, ethanolamine, alkyl amines, fatty amines, specialty amines, and many others. Ethanolamines have the most effective emulsifying properties, thus, it has been holding the dominating share within the amine industry.
Amines are used for various purposes including wastewater treatment, manufacturing of agrochemical products, in cosmetics and private healthcare products, petroleum, paint & coatings, gas products, pharmaceuticals, et al.
Market Analysis, Insights and Forecast – By Type
· Ethanol Amines
· Fatty Amines
· Alkylamines
· Others
Market Analysis, Insights and Forecast – By Application
· Crop Protection
· Gas treatment
· Personal Care
· Water Treatment
· Others
Market Analysis, Insights and Forecast – By Function
· Solvent
· Chelating Agent
· Corrosion Inhibitor
· Bleach Activators
· Surfactants
Amines Market Regional Overview
Region-wise, in terms of regions, Asia-Pacific has emerged because the leading region within the Amines Market followed by Europe. The strong growth of the agriculture industry in Asian countries may be a major factor driving the market growth. Increasing adoption of recent farming practices to enhance crop yield is probably going to fuel the demand for crop protection chemicals at a major rate within the region. additionally to the present , growing care products demand within the region because of the increase in income , higher spending on enhancing self-appeal, the emergence of latest beauty products are a couple of the factors driving the market growth in Asia-Pacific. The European region is predicted to grow mainly because of the growing need for food safety including significant government support promotes the utilization of agrochemicals. Also, the strong presence of prominent chemical manufacturers in Europe is another factor favoring the market growth in Europe.
Amines Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Amines Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Amines are highlighted below.
· BASF SE, a Germany-based organization, expanded its operations and products portfolio. They have invested an enormous amount of money within the second Tert-Butylamine (TBA) plant that's situated in Nanjing, China. This expansion project has increased their global production by more than half-hour.
· NOURYON expanded its operations in several regions. They modified their methods and techniques of production and inaugurated a replacement and advanced plant for ethylene amines, its derivatives, and their production in Stenungsund, Sweden.
Amines Market, Key Players
· Volant Chem Corp.
· Alkyl Amines & Chemicals Ltd. (AACL)
· Koei Chemical Co., Ltd.
· Balaji Amines
· BASF SE
· Luxi Chemical Co., Ltd.
· Huntsman Corporation
· Indo Amines Limited (IAL)
· Hexion Inc.
· NOF Corporation
· Nouryon Chemicals
· Dow Chemicals
· Solvay
· Daicel Corporation
· Lanxess
· Evonik Industries AG
· Global Amines Company
· Amines & Plasticizers Ltd. (APL)
· Kao Corporation
· Eastman Chemical Company
· Sterling Auxiliaries Pvt Ltd.
· Arkema
· Mitsubishi Gas Chemical Company
· Tosoh Corporation
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Amines Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Ethanol Amines
- 5.2.2. Fatty Amines
- 5.2.3. Alkylamines
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Crop Protection
- 5.3.2. Gas treatment
- 5.3.3. Personal Care
- 5.3.4. Water Treatment
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Function
- 5.4.1. Solvent
- 5.4.2. Chelating Agent
- 5.4.3. Corrosion Inhibitor
- 5.4.4. Bleach Activators
- 5.4.5. Surfactants
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Amines Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Ethanol Amines
- 6.2.2. Fatty Amines
- 6.2.3. Alkylamines
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Crop Protection
- 6.3.2. Gas treatment
- 6.3.3. Personal Care
- 6.3.4. Water Treatment
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Function
- 6.4.1. Solvent
- 6.4.2. Chelating Agent
- 6.4.3. Corrosion Inhibitor
- 6.4.4. Bleach Activators
- 6.4.5. Surfactants
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Amines Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Ethanol Amines
- 7.2.2. Fatty Amines
- 7.2.3. Alkylamines
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Crop Protection
- 7.3.2. Gas treatment
- 7.3.3. Personal Care
- 7.3.4. Water Treatment
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Function
- 7.4.1. Solvent
- 7.4.2. Chelating Agent
- 7.4.3. Corrosion Inhibitor
- 7.4.4. Bleach Activators
- 7.4.5. Surfactants
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Amines Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Ethanol Amines
- 8.2.2. Fatty Amines
- 8.2.3. Alkylamines
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Crop Protection
- 8.3.2. Gas treatment
- 8.3.3. Personal Care
- 8.3.4. Water Treatment
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Function
- 8.4.1. Solvent
- 8.4.2. Chelating Agent
- 8.4.3. Corrosion Inhibitor
- 8.4.4. Bleach Activators
- 8.4.5. Surfactants
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Amines Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Ethanol Amines
- 9.2.2. Fatty Amines
- 9.2.3. Alkylamines
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Crop Protection
- 9.3.2. Gas treatment
- 9.3.3. Personal Care
- 9.3.4. Water Treatment
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Function
- 9.4.1. Solvent
- 9.4.2. Chelating Agent
- 9.4.3. Corrosion Inhibitor
- 9.4.4. Bleach Activators
- 9.4.5. Surfactants
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Volant Chem Corp.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Alkyl Amines & Chemicals Ltd. (AACL)
- 10.6. Koei Chemical Co., Ltd.
- 10.7. Balaji Amines
- 10.8. BASF SE
- 10.9. Luxi Chemical Co., Ltd.
- 10.10. Huntsman Corporation
- 10.11. Indo Amines Limited (IAL)
- 10.12. Hexion Inc.
- 10.13. NOF Corporation
- 10.14. Nouryon Chemicals
- 10.15. Dow Chemicals
- 10.16. Solvay
- 10.17. Daicel Corporation
- 10.18. Lanxess
- 10.19. Evonik Industries AG
- 10.20. Global Amines Company
- 10.21. Amines & Plasticizers Ltd. (APL)
- 10.22. Kao Corporation
- 10.23. Eastman Chemical Company
- 10.24. Sterling Auxiliaries Pvt Ltd.
- 10.25. Arkema
- 10.26. Mitsubishi Gas Chemical Company
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
