Amines Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

The Global Amines Market achieved a valuation of USD 13.67 billion in 2022, and it is poised for robust growth throughout the forecast period with a projected Compound Annual Growth Rate (CAGR) of 4.19% until 2028 and is expected to reach at USD 17.35 billion by 2028. Amines find application in the agricultural sector as a source of nitrogen and natural fertilizers. The buoyant growth of this sector, fueled by the rising demand for enhanced crop yield and superior crop protection, is driving the need for amines. Their usage in agrochemicals to enhance the solubility of pesticides in water is also contributing to the market's expansion.

Moreover, amines play a pivotal role in plastic softening and the removal of carbon dioxide from ammonia gas, facilitating the production of synthetic ammonia and further propelling market growth. A diverse array of industries, including chemicals, energy, and plastics, reap the benefits of amines' applications, which support market growth. The rapid growth of the construction and infrastructure sector further contributes to market expansion. Amines also serve as additives in paint coatings, and recent technological advancements have led to the development of high-quality amines optimized for this purpose. Multifunctional amines, for instance, provide exceptional co-dispersion, viscosity stability, film performance, and additive optimization for waterproof coatings, thereby catalyzing growth in the amine market. Additionally, their emulsification properties make amines vital in various industrial sectors, including gas treatment and chemical manufacturing, adding to the industry's growth trajectory.

Key Market Drivers

Growing Usage of Amines in Personal Care and Cosmetics Products: Amines offer numerous medicinal benefits and aid in treating severe allergic reactions triggered by factors like insect bites, stings, medications, and more. This medical application spurs market growth. Furthermore, heightened hygiene awareness due to the global pandemic has amplified the demand for personal and household cleansing products, further driving market growth. Amines feature in various cleaning products, including floor and tile cleaners, as well as laundry detergents, effectively tackling dirt, grease, and stains, thus contributing to market expansion. The thriving cosmetics industry also bolsters the amines market. Amines play a critical role in personal care and cosmetics products by regulating pH levels and reducing surface tension. They are extensively used in cosmetics like eyeliner, mascara, hair care products, sunscreens, and skin cleansing products, among others, driving further market growth. The growing awareness of safe water consumption also fuels industry growth. Amines aid in mitigating the effects of carbon dioxide and other acids, as well as in controlling water pH. With a significant portion of the global population lacking access to basic drinking-water services, the rising awareness of contaminated water and measures taken for safe drinking water are expected to drive market growth.

Increasing Demand for Liquid Detergent: Amines, versatile organic compounds, have multifaceted applications across industries. The escalating demand for liquid detergents is a key driver behind the global amines market's growth. Amines, derived from ammonia, play a crucial role in formulating liquid detergents. They serve as surfactants, reducing water surface tension and enhancing its interaction with oils and hydrophobic substances. This characteristic makes amines indispensable in creating detergents that effectively remove stains, dirt, and oils from fabrics and surfaces. The preference for convenience and efficiency, driven by evolving consumer lifestyles and advancing technology, has elevated the demand for liquid detergents. Additionally, liquid detergents often exhibit a lower environmental impact, being effective in cold water washes, thereby saving energy. The surge in demand for environmentally friendly alternatives further propels the liquid detergent market. The rise in urbanization, leading to smaller living spaces and higher population densities, has increased the need for compact and versatile cleaning solutions. Liquid detergents fulfill this requirement by offering efficiency while consuming less storage space.

Growing Demand of Amines for Water Treatment: The global amines market has experienced significant growth, primarily driven by the increasing demand for amines in water treatment applications. Amines, characterized by their nitrogen content, are organic compounds that find extensive utility across diverse industries. Their role in water treatment has gained attention due to concerns about water quality and environmental sustainability. One key application of amines in water treatment is their use as corrosion inhibitors. Corrosion of water infrastructure and industrial equipment can result in structural damage, increased maintenance costs, and potential health risks. Amines can form a protective layer on metal surfaces, preventing metal-water interaction and mitigating corrosion. Additionally, amines play a significant role in pH control. Acting as acid and base neutralizers, amines help maintain desired pH levels in water treatment processes, ensuring the efficiency of chemical reactions and minimizing adverse effects. Industries such as power generation, petrochemicals, pulp and paper, and textiles rely heavily on water in their processes. The expansion of these industries, particularly in developing economies, drives demand for efficient water treatment methods, increasing the need for amines. Growing awareness of water scarcity, pollution, and environmental sustainability prompts industries to adopt responsible practices, where amines offer a viable solution for addressing water-related challenges in an eco-friendly manner.

Key Market Players

• Arkema S.A.
• Akzo Nobel N.V.
• BASF SE
• SABIC
• The Dow Chemical Company
• Huntsman Corporation
• Mitsubishi Gas Chemical Company
• Taminco Corporation
• Celanese Corporation
• Solvay S.A.

Report Scope:

In this report, the Global Amines Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Amines Market, By Product:

• Ethanol Amines
• Fatty Amines
• Alkyl Amines
• Others

Amines Market, By Application:

• Crop Protection
• Surfactants
• Water Treatment
• Personal Care
• Gas Treatment
• Others

Amines Market, By Region:

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Amines Market.

Available Customizations:

Global Amines Market report with the given market data, the publisher offers customizations according to a company's specific needs.


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