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Amines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4456
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Amines Market Overview 2023-2028:
The global amines market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
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.
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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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global amines market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, function and application.
Breakup by Product:
- Ethanolamines
- Fatty Amines
- Alkylamines
- Others
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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
Breakup by Region:
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- 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:
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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product, Function, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global amines market was valued at US$ 19.5 Billion in 2022.
We expect the global amines market to exhibit a CAGR of 4.9% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various end-use industries for amines.
The rising adoption of amines across the agriculture sector to formulate chemicals for crop protection is primarily driving the global amines market.
Based on the product, the global amines market can be categorized into ethanolamines, fatty amines, alkylamines, and others. Currently, ethanolamines account for the majority of the global market share.
Based on the function, the global amines market has been segregated into solvent, chelating agent, corrosion inhibitor, bleach activators, surfactants, and others. Among these, solvent currently holds the largest market share.
Based on the application, the global amines market can be bifurcated into agriculture, gas treatment, petroleum, water treatment, personal care, paints and coatings, and others. Currently, the agriculture sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global amines market include 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.
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