The global amine antioxidant market size was valued at USD 1,587.1 Million in 2022 and is anticipated to reach USD 2,542.7 Million by 2031, expanding at a CAGR of 5.6% during the forecast period.
Amine antioxidant is a chemical that prevents material oxidation. Oxidation produces a broad range of oxidation products with high or low molecular weights when oxidative factors, such as oxygen, are present. Amine antioxidants are recognized as shelf-life extenders due to their effectiveness. Thus, they are widely used in producing food additives, rubber compounds, adhesives, and others. Amine antioxidants are mostly employed as lubricants and gasoline additives.
Amine antioxidants are heavily utilized in engines and gearboxes for lubrication and ongoing oil consumption. The oil becomes tainted, degrades, or seeps out without additives, failing to protect engine parts. The consumption of amine antioxidants is expected to rise due to the increased demand for lubricants.
Amine antioxidants have a wide range of applications, including rubber processing, plastic processing, food and feed additives, and adhesives. This additive is widely employed to reduce wear and tear of machinery components throughout manufacturing stages or increase quality by avoiding oxidation in fuels.
Industrialization influences the demand for amine antioxidants, which are exceptionally adaptable antioxidants for rubber applications that provide good protection against heat and oxidative degradation at high temperatures. Additionally, they are predominantly non-discoloring under heat aging and have limited bloom susceptibility. According to the Netherlands Bureau for Economic Policy Analysis (CPB), global industrial production increased by 3.3% in 2022. This reflects an increase in production of 2.8% annual average of the previous ten years. China, the US, Japan, Germany, India, South Korea, Italy, France, the UK, and Indonesia are the top 10 manufacturing nations across the globe. In advanced economies, industrial production exceeded pre-pandemic levels in 2022. Industrial production in the European Union went up 8% in 2021 compared to 2020 and has continued its upward trend with a 5% increase in 2022 compared with 2021. The global industrial production has increased by 4% in 2022 compared to the previous year (2021). Thus, rapid industrialization is expected to boost the amine antioxidant market.
Economic growth determines the market dynamics for amine antioxidants. Increased industrial output, consumer expenditure, and infrastructural development are usually the results of economic expansion. Industrial machinery is high in demand, as it requires quality tires and lubrication to continue the work effectively and for it amine antioxidants are used. Amine antioxidant is required to be produced on a large scale to meet the overall growing demand, as it has wide applications in producing hose covering, tubing, conveyor belts, wire & cable jacketing, gaskets, seals, and mechanical goods. Thus, rapid economic growth is anticipated to propel the amine antioxidant market.
Increasing Per Capita Income
Per capita income is a measure of the amount of money earned by a person in a nation or country. It has a direct impact on the spending power of individuals. Therefore, rising per capita income allows consumers to spend increasingly on goods and services. According to the World Bank, the world GDP per capita for 2022 was USD 12,743.9, a 2.98% increase from 2021, whereas the world GDP per capita for 2021 was USD 12,363.8, a 12.72% increase from 2020. Amine antioxidant is used to manufacture hose covering, tubing, conveyor belts, wire & cable jacketing, gaskets, seals, and mechanical goods, as it is versatile in rubber applications to protect against heat and oxidative degradation and provide excellent protection at high temperatures. Additionally, they are relatively non-discoloring during heat aging and have less susceptibility to bloom, and have little to no effect on the cure rate. The amine antioxidants are utilized in engines and gearboxes for lubrication and oil consumption. The increasing per capita income is expected to boost the amine antioxidant market.
Market Driver- Rising Demand for Plastic Additives
The growing usage of polymers and plastics in various sectors, such as automotive, construction, packaging, and electronics, is increasing the demand for amine antioxidants. Amine antioxidants aid in enhancing the lifespan of these materials by decreasing their sensitivity to oxidative destruction. Furthermore, the growing emphasis on sustainable materials is boosting demand for amine antioxidants, as it improves the longevity and performance of these materials, reducing the need for frequent replacements.
Market Driver- Growing Demand for Lubricants
Amine antioxidants are primarily utilized as fuel and lubricant additives to protect greases and lubricants at high temperatures and extend engine oil drain intervals. Additives are necessary for lubrication purposes. Oxidation causes lubricant breakdown and the formation of degradation products. Oxidation has several key consequences, including the creation of lacquer and varnish, a rise in viscosity, the formation of sludge and deposits, and corrosion. Copper and iron in metal components, as well as extreme circumstances, such as high pressure, high temperature, high friction, and high metal concentration, lead to lubricant oxidation. The heat produced by the combustion process in combustion engines is sufficient to oxidize the lubricating oil unless antioxidants contained in the formulation prevent the development of oxidation and the creation of degradation products. Amine antioxidants prevent the oxidation of base oil in lubricants as well as the suppression of oil breakdown and thickening. The growing demand for lubricants is propelling the amine antioxidant market.
Market Restraint- Potential Threat of Substitutes & Government Regulations
The availability of alternative products with similar characteristics, such as phenolic antioxidants, is expected to restrain the market. Phenolic antioxidants are resistant to degradation, color, strength, and high temperature. Additionally, environmental regulations and policies promote the use of sustainable alternatives. This encourages consumers to shift from amine antioxidants to alternative products and creates challenges for market expansion. Thus, the increasing demand for alternative materials is restraining the market. Strict regulations imposed by several governments and regulatory bodies hampers the amine antioxidants market. Environmental concerns caused by the use of amine compounds have led to increased governing policies.
Market Opportunity- Increasing Demand from Developing Countries
Many developing economies are focusing on the development of industries by increasing investments as well as establishing manufacturing facilities. High usage of plastics, polymers, rubber, and adhesives have increased the demand for amine antioxidant in developing countries. Therefore, many developing nations have increased their investments in the development of these products. The products made from amine antioxidants are heavily used by automotive, electronics, construction, and packaging industries, due to their properties, such as resistance to degradation, color, strength, and high temperature. Manufacturing and export of materials, such as plastic, polymers, rubber, and adhesives, are increasing at a rapid pace, which further boosts the demand for amine antioxidants. Such investments and industrial development are expected to create immense opportunities in the amine antioxidant market.
Scope of the Report
The report on the global amine antioxidant market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Global Amine Antioxidant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 and 2021
Type (N-(1,3-Dimethylbutyl)-N′-phenyl-p- phenylenediamine (6PPD); 4,4'-Bis(alpha, alpha-dimethylbenzyl) diphenylamine; N-Isopropyl-N'-phenyl-1,4-phenylenediamine (IPPD); Diphenylamine; 2,2,4-Trimethyl-1,2-dihydroquinoline (TMQ RD); and Others), Form (Solid and Liquid), Application (Rubber Compounds, Hot Melt Adhesives, Polyurethane Flexible Foam, Lubricants, and Others), and Distribution Channel (Manufacturers (Direct Sales) and Wholesalers/Distributors)
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered
BASF SE; Mayzo, Inc; Performance Additives; SI Group, Inc; SONGWON; R.T. Vanderbilt Holding Company, Inc; TCI; Go Yen Chemical Industrial Co., Ltd; Jiangsu Feiya Chemical Corporation Co.,Ltd.; Sunshield chemicals Ltd.
On the basis of type, the amine antioxidant market is divided into N-(1,3-Dimethylbutyl)-N′-phenyl-p- phenylenediamine (6PPD); 4,4'-Bis(alpha, alpha-dimethylbenzyl) diphenylamine; N-Isopropyl-N'-phenyl-1,4-phenylenediamine (IPPD); Diphenylamine; 2,2,4-Trimethyl-1,2-dihydroquinoline (TMQ RD); and Others.
The diphenylamine segment held XX% share of the market in 2022 and is expected to hold XX% market share in 2031. Diphenylamine is a chemical molecule that is commonly used in the production of rubber and plastic products. It helps protect against oxidative damage produced by ultraviolet (UV) rays, which lead to quality degradation or shorten the life of these materials. Increasing demand for diphenylamine as it gets used as a rubber compound is expected to drive the market in the coming years.
On the basis of form, the amine antioxidant market is bifurcated into solid and liquid.
The liquid segment held XX% market share in 2022 and is expected to account for XX% market share in 2031. A liquid amine antioxidant prevents scorch formation during the manufacturing of flexible polyurethane foam. It is cost-effective substitute for traditional solid diphenylamine-based antioxidants, which are frequently utilized in conjunction with hindered phenols as the fundamental scorch inhibitor package by polyol makers. For instance, amine antioxidant additives are utilized in engines and gearboxes for lubrication and oil. The oil is tainted, degrades, or seep out without additives, failing to protect engine parts. Thus, the increased demand for lubricants boosts the consumption of amine antioxidants. Liquid amine antioxidants are used to prolong the life of a lubricant by increasing the oxidative resistance of the base oil. It allows lubricants to operate at high temperatures.
On the basis of application, the market is divided into rubber compounds, hot melt adhesives, polyurethane flexible foam, lubricants, and others.
The rubber compounds segment held XX% market share in 2022 and is expected to hold XX% market share in 2031. Amine antioxidants are used heavily in rubber products to protect against oxidation, ozone, and UV radiation. They prevent the development of free radicals, which damage products made of rubber, as they react with oxygen or other atmospheric factors. Amine antioxidants are utilized in rubber processing to prevent rubber deterioration. Rubber oxidizes and produces peroxides when exposed to oxygen, which cause natural aging or impairing its physical properties, such as elasticity and tensile strength. Amine antioxidant provide a protective layer on the top of the original material, preventing it from being damaged by these reactive chemicals.
On the basis of distribution channel, the market is fragmented into manufacturers (direct sales) and wholesalers/distributors.
The manufacturers (direct sales) segment held XX% market share in 2022 and is expected to hold XX% in 2031. The direct distribution channel of amine antioxidants does not use any intermediaries. Manufacturers sell products directly to the end consumers. The direct distribution channel is used by manufacturers to build trust with customers and to create a brand image. A significant amount of amine antioxidants gets distributed through distributors, as they are employed in rubber compounds, hot melt adhesives, polyurethane flexible foam, lubricants, and others.
On the basis of region, the amine antioxidant market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America held a significant market share in the global amine antioxidants market and the market in the region is projected to expand at a rapid pace in the coming years, owing to high consumption levels and the presence of a large number of international companies. North America is anticipated to be one of the major markets for amine antioxidants throughout the forecast period. The rising demand for rubber, plastic, food & feed additives, adhesives, and gasoline & lubricants from various industries is expected to fuel the market in the region.
Europe is anticipated to hold a large market share due to the increased product development efforts by manufacturers. The market in Asia Pacific is expected to expand at a considerable CAGR in the coming years owing to the growing industrialization in emerging countries, such as China and India.
In September 2022, SI Group, Inc., a performance additives company, announced the addition of manufacturing capabilities and capacity to begin producing ETHANOX 4757 amine antioxidants at its Rasal, India facility. ETHANOX 4757 is an octylated-butylated diphenylamine primary antioxidant used in lubricants, greases, industrial, automotive, and heat transfer fluids.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Global Amine Antioxidant Market
Historical, Current, and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Amine Antioxidant Market Performance
- N-(1,3-Dimethylbutyl)-N′-phenyl-p-phenylenediamine (6PPD)
- 4,4'-Bis(alpha, alpha-dimethylbenzyl) diphenylamine
- N-Isopropyl-N'-phenyl-1,4-phenylenediamine (IPPD)
- 2,2,4-Trimethyl-1,2-dihydroquinoline (TMQ RD)
- Rubber Compounds
- Hot Melt Adhesives
- Polyurethane Flexible Foam
By Distribution Channel
- Manufacturers (Direct Sales)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Market Players Profiled in the Report
- BASF SE
- Mayzo, Inc
- Performance Additives
- SI Group, Inc
- R.T. Vanderbilt Holding Company, Inc
- Go Yen Chemical Industrial Co., Ltd
- Jiangsu Feiya Chemical Corporation Co.,Ltd.
- Sunshield chemicals Ltd.
- Manufacturers operating in the global amine antioxidant market include BASF SE; Mayzo, Inc; Performance Additives; SI Group, Inc; SONGWON; R.T. Vanderbilt Holding Company, Inc; TCI; Go Yen Chemical Industrial Co., Ltd; Jiangsu Feiya Chemical Corporation Co.,Ltd.; Sunshield chemicals Ltd.