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The global amines market was valued at US$ 18.56 Billion in 2021.
We expect the global amines market to exhibit a CAGR of 5.05% during 2022-2027.
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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