Global Amines Market Size Estimated To Reach USD 33.3 Billion By 2026 - Polaris Market Research
New York, NY -- (SBWIRE) -- 12/12/2018 -- The global Amines market generated USD 16.6 billion in 2018 according to a new report by Polaris Market Research. The report 'Amines Market [By Type (Ethyleneamines, Fatty Amines, Ethanolamines, Specialty Amines, Alkylamines, Others) By Application (Personal Care, Oil and Petroleum, Pharmaceutical, Agricultural Chemicals, Cleaning Products, Water Treatment, Others) By Region]: Market Size & Forecast, 2018 – 2026' indicates that the amines market is anticipated to grow at a CAGR of 9.2% during the forecast period.
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Amines are organic compounds and functional groups containing a basic nitrogen atom with a lone pair of electrons. Amines find applications in a wide range of industries such as personal care, agriculture, construction, pharmaceuticals, paints & coatings, and healthcare among others. Amines are used in making dyes, nylon, medicines and drugs. They are also widely used in manufacturing of chemicals for crop protection, and water purification.
The demand for amines has increased over the years owing to rising demand from pharmaceutical, personal care, agriculture, and construction sectors. Increasing disposable income and improving lifestyles have increased the demand for personal care products, boosting the amines market growth. Rising use in crop protection chemicals, and increasing applications in water treatment further supports the amines market growth. Increase in awareness about personal hygiene, and changing consumer preferences have resulted in accelerated market growth of the amines market. Other factors driving the growth of the amines industry include increasing standards of living, new emerging markets, emerging consumer demographics, and technological advancements.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Amines Market, 2018-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in 2018 owing to increasing population and growing awareness regarding personal care. Increasing disposable incomes and growing applications in the region boost the growth of the amines industry. Use of amines in agriculture, construction, and water treatment further increases the demand of amines in Asia-Pacific.
Competitive Landscape and Key Vendors
The global Amines industry is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base in the global amines industry.
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The leading companies profiled in the amines market report include Clariant International Ltd., Mitsubishi Gas Chemical Company, Inc., Solvay S.A., DowDuPont, BASF SE, Air Products and Chemicals Inc., Arkema S.A., Huntsman Corporation, Sinopec Corporation, and Akzo Nobel N.V.
- Fatty Amines
- Specialty Amines
- Personal Care
- Oil and Petroleum
- Agricultural Chemicals
- Cleaning Products
- Water Treatment
- North America
o Rest of Europe
o Rest of Asia-Pacific
- Latin America
o Rest of Latin America
- Middle East and Africa
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