Amines Market Report 2022, Demand, Trends, Growth And Forecast 2027

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.

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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Market Trends:

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.

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 NV

Arkema SA

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.

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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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