Amines Market
Amines Market Forecasts to 2030 - Global Analysis By Product (Aliphatic Amines, Aromatic Amines, Heterocyclic Amines, Fatty Amines, Specialty Amines and Other Products), Type, Source, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $16.82 BN |
|
Projected Year Value (2030) |
US $24.96 BN |
|
CAGR (2024 - 2030) |
5.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Amines Market is accounted for $16.82 billion in 2024 and is expected to reach $24.96 billion by 2030 growing at a CAGR of 5.2% during the forecast period. Amines are organic compounds derived from ammonia (NH₃) by replacing one or more hydrogen atoms with alkyl or aryl groups. They contain a nitrogen atom with a lone pair of electrons and can be classified into primary (one alkyl group), secondary (two alkyl groups), and tertiary (three alkyl groups) amines. Amines are commonly used in pharmaceuticals, dyes, and agricultural chemicals due to their ability to act as nucleophiles and form various chemical bonds.
According to the Sustainable Water Alliance, Saudi Arabia is the third-largest consumer of water in the world, and it is expected to become the third-largest country in the use of treated water after China & the United States.
Market Dynamics:
Driver:
Urbanization and infrastructure development
As cities expand and infrastructure projects rise, there is a greater need for high-performance materials that can enhance durability and functionality. Amines are integral in producing these materials, including concrete admixtures, epoxy resins, and surfactants. The growing population and urban sprawl necessitate the development of new buildings, roads, and facilities, thus amplifying the demand for amine-based products across various construction and infrastructure applications.
Restraint:
Strict regulations
Strict regulations on amines stem from concerns over environmental impact and health hazards, as some amines can be toxic or cause pollution. These regulations require stringent safety measures, proper handling, and disposal practices, which increase operational costs for manufacturers. Compliance with these regulations can limit production flexibility and raise prices, impacting market growth.
Opportunity:
Advancements in chemical synthesis
Innovations in synthesis methods, such as more precise catalytic processes and improved reaction conditions, enable the production of high-quality amines with fewer by-products. These advancements also lead to the development of novel amine derivatives with tailored properties for specific applications. Furthermore, enhanced synthesis techniques can streamline manufacturing processes and scale up production, meeting the increasing demand across various industries. As a result, these technological improvements drive market growth by expanding the range of applications and improving the overall economic feasibility of amine production.
Threat:
Health and safety issues
Health and safety issues associated with amines arise from their potential toxicity and irritant properties, which can pose risks to workers handling these chemicals. Exposure may lead to respiratory issues, skin irritation, and other health concerns, prompting stringent regulatory measures. These regulations increase compliance costs for manufacturers and can limit production capabilities. Consequently, concerns about health and safety can hinder market growth by restricting the workforce, increasing operational costs, and slowing down production processes in the amines industry.
Covid-19 Impact
The covid-19 pandemic disrupted the amines market through supply chain interruptions, reduced industrial activity, and decreased demand in certain sectors like automotive and construction. However, it also increased demand for pharmaceuticals, disinfectants, and sanitizers, which use amines as key ingredients. The pandemic accelerated the focus on healthcare and hygiene, potentially driving growth in those areas. Overall, the market experienced mixed effects, with some sectors facing challenges while others saw increased demand.
The synthetic amines segment is expected to be the largest during the forecast period
The synthetic amines segment is estimated to be the largest during the forecast period. Synthetic amines are artificially produced compounds containing one or more amino groups (-NH₂) attached to organic molecules. They play a crucial role in chemical synthesis and industrial applications, including pharmaceuticals, agrochemicals, and polymers. Their versatility allows for the creation of diverse products, from dyes and detergents to drugs and pesticides, making them essential in modern chemical manufacturing.
The pharmaceuticals segment is expected to have the highest CAGR during the forecast period
The pharmaceuticals segment is anticipated to witness the highest CAGR growth during the forecast period. In pharmaceuticals, amines are pivotal in drug development due to their ability to form active pharmaceutical ingredients (APIs) and intermediates. They are integral in creating diverse drug classes, including antihistamines, antidepressants, and antipsychotics. Amines facilitate drug binding to biological targets by interacting with receptors or enzymes. Their versatility enables fine-tuning of drug properties such as solubility, stability, and bioavailability, making them essential in optimizing therapeutic efficacy and minimizing side effects.
Region with largest share:
In the Asia-Pacific region, the amines market is anticipated to witness the largest share driven by rapid industrialization and urbanization. Increased demand for pharmaceuticals, agrochemicals, and personal care products significantly contributes to market expansion. The region's growing automotive and construction sectors also boost the use of amines in adhesives, coatings, and detergents. Additionally, rising investments in infrastructure development further stimulate market growth. The Asia-Pacific region remains a key player, leveraging its large-scale production capabilities and expanding industrial base.
Region with highest CAGR:
In North America, the amines market is is expected to have highest CAGR due to strong demand from the pharmaceutical, agricultural, and chemical industries. The region’s advanced healthcare infrastructure drives the need for amine-based drugs and chemicals. Growth in personal care products and the expansion of the automotive and construction sectors also contribute to increased amine usage. Additionally, technological innovations in chemical processes and a focus on sustainable practices support market growth.
Key players in the market
Some of the key players profiled in the Amines Market include BASF SE, Dow Chemical Company, Huntsman Corporation, Eastman Chemical Company, AkzoNobel N.V., Mitsui Chemicals, Inc., Solvay S.A., Lanxess AG, Clariant AG, Evonik Industries AG, Nouryon, Air Products and Chemicals, Inc., Albemarle Corporation, Chemical Products Corporation, Tosoh Corporation, Arxada, Balaji Amines Limited, Aarti Industries Limited, Alkyl Amines Chemicals Limited, Gujarat Alkalies and Chemicals Limited
Key Developments:
In December 2023, BASF has expanded its production capabilities for specialty amines at its existing facilities. The increase in production capacity helps BASF ensure a more reliable and flexible supply chain for its customers, which is crucial for industries dependent on these specialty chemicals. BASF aims to enhance the sustainability of its operations through this expansion by integrating more efficient technologies and processes in its production facilities.
In October 2023, Alkyl Amines Chemicals Limited, a major player in the chemical industry, has commenced commercial production at its new manufacturing facility. The new plant is strategically located to optimize logistics and supply chain efficiency. It features advanced manufacturing technologies and infrastructure designed to enhance production capabilities.
Products Covered:
• Aliphatic Amines
• Aromatic Amines
• Heterocyclic Amines
• Fatty Amines
• Specialty Amines
• Other Products
Types Covered:
• Primary Amines
• Secondary Amines
• Tertiary Amines
• Quaternary Ammonium Compounds
• Other Types
Sources Covered:
• Synthetic Amines
• Natural Amines
Applications Covered:
• Agriculture
• Automotive
• Chemical Manufacturing
• Construction
• Pharmaceuticals
• Personal Care
• Water Treatment
• Textiles
• Electronics
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Amines Market, By Product
5.1 Introduction
5.2 Aliphatic Amines
5.2.1 Methylamines
5.2.2 Ethylamines
5.2.3 Propylamines
5.2.4 Butylamines
5.3 Aromatic Amines
5.3.1 Aniline
5.3.2 Toluenediamine
5.3.3 Diphenylamine
5.4 Heterocyclic Amines
5.4.1 Piperidine
5.4.2 Pyrrolidine
5.4.3 Morpholine
5.4.4 Piperazine
5.5 Fatty Amines
5.5.1 Cocamide DEA
5.5.2 Laurylamine
5.5.3 Stearylamine
5.6 Specialty Amines
5.7 Other Products
6 Global Amines Market, By Type
6.1 Introduction
6.2 Primary Amines
6.3 Secondary Amines
6.4 Tertiary Amines
6.5 Quaternary Ammonium Compounds
6.6 Other Types
7 Global Amines Market, By Source
7.1 Introduction
7.2 Synthetic Amines
7.3 Natural Amines
8 Global Amines Market, By Application
8.1 Introduction
8.2 Agriculture
8.3 Automotive
8.4 Chemical Manufacturing
8.5 Construction
8.6 Pharmaceuticals
8.7 Personal Care
8.8 Water Treatment
8.8 Textiles
8.10 Electronics
8.11 Other Applications
9 Global Amines Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 BASF SE
11.2 Dow Chemical Company
11.3 Huntsman Corporation
11.4 Eastman Chemical Company
11.5 AkzoNobel N.V.
11.6 Mitsui Chemicals, Inc.
11.7 Solvay S.A.
11.8 Lanxess AG
11.9 Clariant AG
11.10 Evonik Industries AG
11.11 Nouryon
11.12 Air Products and Chemicals, Inc.
11.13 Albemarle Corporation
11.14 Chemical Products Corporation
11.15 Tosoh Corporation
11.16 Arxada
11.17 Balaji Amines Limited
11.18 Aarti Industries Limited
11.19 Alkyl Amines Chemicals Limited
11.20 Gujarat Alkalies and Chemicals Limited
List of Tables
1 Global Amines Market Outlook, By Region (2022-2030) ($MN)
2 Global Amines Market Outlook, By Product (2022-2030) ($MN)
3 Global Amines Market Outlook, By Aliphatic Amines (2022-2030) ($MN)
4 Global Amines Market Outlook, By Methylamines (2022-2030) ($MN)
5 Global Amines Market Outlook, By Ethylamines (2022-2030) ($MN)
6 Global Amines Market Outlook, By Propylamines (2022-2030) ($MN)
7 Global Amines Market Outlook, By Butylamines (2022-2030) ($MN)
8 Global Amines Market Outlook, By Aromatic Amines (2022-2030) ($MN)
9 Global Amines Market Outlook, By Aniline (2022-2030) ($MN)
10 Global Amines Market Outlook, By Toluenediamine (2022-2030) ($MN)
11 Global Amines Market Outlook, By Diphenylamine (2022-2030) ($MN)
12 Global Amines Market Outlook, By Heterocyclic Amines (2022-2030) ($MN)
13 Global Amines Market Outlook, By Piperidine (2022-2030) ($MN)
14 Global Amines Market Outlook, By Pyrrolidine (2022-2030) ($MN)
15 Global Amines Market Outlook, By Morpholine (2022-2030) ($MN)
16 Global Amines Market Outlook, By Piperazine (2022-2030) ($MN)
17 Global Amines Market Outlook, By Fatty Amines (2022-2030) ($MN)
18 Global Amines Market Outlook, By Cocamide DEA (2022-2030) ($MN)
19 Global Amines Market Outlook, By Laurylamine (2022-2030) ($MN)
20 Global Amines Market Outlook, By Stearylamine (2022-2030) ($MN)
21 Global Amines Market Outlook, By Specialty Amines (2022-2030) ($MN)
22 Global Amines Market Outlook, By Other Products (2022-2030) ($MN)
23 Global Amines Market Outlook, By Type (2022-2030) ($MN)
24 Global Amines Market Outlook, By Primary Amines (2022-2030) ($MN)
25 Global Amines Market Outlook, By Secondary Amines (2022-2030) ($MN)
26 Global Amines Market Outlook, By Tertiary Amines (2022-2030) ($MN)
27 Global Amines Market Outlook, By Quaternary Ammonium Compounds (2022-2030) ($MN)
28 Global Amines Market Outlook, By Other Types (2022-2030) ($MN)
29 Global Amines Market Outlook, By Source (2022-2030) ($MN)
30 Global Amines Market Outlook, By Synthetic Amines (2022-2030) ($MN)
31 Global Amines Market Outlook, By Natural Amines (2022-2030) ($MN)
32 Global Amines Market Outlook, By Application (2022-2030) ($MN)
33 Global Amines Market Outlook, By Agriculture (2022-2030) ($MN)
34 Global Amines Market Outlook, By Automotive (2022-2030) ($MN)
35 Global Amines Market Outlook, By Chemical Manufacturing (2022-2030) ($MN)
36 Global Amines Market Outlook, By Construction (2022-2030) ($MN)
37 Global Amines Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
38 Global Amines Market Outlook, By Personal Care (2022-2030) ($MN)
39 Global Amines Market Outlook, By Water Treatment (2022-2030) ($MN)
40 Global Amines Market Outlook, By Textiles (2022-2030) ($MN)
41 Global Amines Market Outlook, By Electronics (2022-2030) ($MN)
42 Global Amines Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
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Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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