Amines Market Expected to Retain Dominance & Grow at an Encouraging CAGR to 2023

Posted by Priya on October 17th, 2018

Market Synopsis of Global Amines Market

Global Amines Market is estimated to grow from USD XX Million in 2015 to USD XX Million in 2022 with CAGR of XX% from 2014 to 2022. With wide use in an array of application such as paints & coatings, agriculture, water treatment, personal care and others play an important role in the growth of amines market. Amines are derived from  ammonia with one or more hydrogen atoms are substituted by either aryl or alkyl group.

Amines Market 

The global amines market is segmented based on products, application and region for forecasted period 2014 to 2022. On basis of types; amines is further divided into ethylene amine, alkyl amines, fatty amines, specialty amines, and ethanol amines. Ethanol amines accounts for the largest market share in terms of volume followed by alkyl amines, fatty amines and specialty amines.

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Key Players

The key players of Global Amines Market are BASF, AkzoNobel NV, The Dow Chemical Company, Huntsman Corporation, Clariant AG, Oxea GmbH, Tosoh Corporation, Mitsubishi Gas Chemical Company, Celanese Corporation, Daicel Chemical Industries Ltd and others.

Reasons to Buy The Report

• This report includes in-depth study analysis of Amines market
• It covers market segmentation by type, application and end user.
• It helps in identifying region-wise major suppliers and understanding consumption patterns.
• Report provides benefit of amines and premium insights about the same that will support in investment of Amines where allied companies are providing details on the fast-growing segments and regions with respect to amines.
• In addition, it will provide key findings that will help companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.
• The data used in the report is primarily based on primary interviews with major producing companies, industry experts and all these are supported by authentic industry data from secondary sources.

Geographically, APAC region dominates the amines market both in terms of volume and value and the amines market is expected to grow at a the CAGR of XX % in 2022. China is the prime  revenue generating country with respect to amines market due to rapid industrialization, growing chemical industries, lower paid labor and huge investment in infrastructure. India and Middle east have increased their investment in crop protection and agriculture which uses amines to improve yield of agriculture thus helping farmers. This will also play a role in growing the global amines market . North America has the largest market of personal care products which is expected to drive the growth of amines market in the near future. Europe and RoW has a low role to play in the growth of amines market.

Ethanol amines used as cleaning agent and corrosion inhibitor is expected to drive the growth of amines market in forecasted period. The rising health awareness among consumers and increasing use of fatty amines in personal care products drives the amines market; it has started in 2014 and is expected to continue till 2022. Increased R&D and consumption of amines in various applications has given an opportunity to many industrialists to use amines. However, use of too much amines causes health problems which can hinder the amines market growth in the forecasted period.