Amines Market Size, Share, Growth, Industry & Revenue [2031]
Amines Market Size, Share, Growth, Industry & Revenue [2031]
Segments - Amines Market by Types (Ethanolamine, Specialty Amines, Fatty Amines, Alkylamines, and Ethyleneamines), End-users (Oil & Petrochemical, Agro Chemicals, Gas Treatment, Personal Care, Water Treatment, Surfactants, and Crop Protection), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
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| Report ID :HC-4157
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Report Description
The amines market size was valued at USD 8.9 Billion in 2021 and is projected to reach USD 12.4 Billion by 2030, expanding at a CAGR of around 4% during the forecast period, 2022-2030. The growth of the market is attributed to rising use of the product and its derivatives in the production of several cosmetic products.
Amine is a chemical substance generated from ammonia (NH3). A group of aryl or alkyl atoms replaces multiple hydrogen atoms in its structure. An amine is a functional group that has a lone pair on a nitrogen atom. They are also used as catalysts or chemical mediators to speed up chemical reactions.
Market Trends, Drivers, Restraints, and Opportunities
- Rising consumer spending on luxury and leisure goods is projected to drive the market during the forecast period.
- Increased product usage in applications such as gas treatment, water, and crop protection chemicals are estimated to fuel the market.
- High cost of the raw material is expected to hinder the market growth during the forecast period.
- Growing demand for agriculture chemicals such as pesticides and herbicides are anticipated to boost the market.
- Increasing usage of bio-based goods in agriculture products and chemicals is projected to hamper the market growth.
- Rising demand from pharmaceutical industry in the production of pain relievers is estimated to create immense opportunities for the market players during the forecast period.
- Increasing use of amines in the manufacturing of personal care products such as fragrances, cosmetics, hair care, and skincare is anticipated to offer lucrative opportunities for the key players.
Scope of the Report
The report on the global amines market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Amines Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2019–2020 |
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Forecast Period |
2022 – 2030 |
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Segmentation |
Types (Ethanolamine, Specialty Amines, Fatty Amines, Alkylamines, and Ethyleneamines), End-users (Oil & Petrochemical, Agro Chemicals, Gas Treatment, Personal Care, Water Treatment, Surfactants, and Crop Protection) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Tosoh Corporation; Mitsubishi Gas Chemical Company; Arkema; Sterling Auxiliaries Pvt. Ltd.; Eastman Chemical Company; Kao Corporation; Amines & Plasticizers Ltd.; Global Amines Company; Evonik Industries AG; Lanxess; Daicel Corporation; Solvay; Dow Chemicals; Nouryon Chemicals; NOF Corporation; Hexion Inc.; Indo Amines Limited; Huntsman Corporation; Luxi Chemical Co., Ltd.; BASF SE; Balaji Amines; Koei Chemical Co.; Alkyl Amines & Chemicals Ltd.; Volant Chem Corp.; and Sinopec |
Market Segment Insights
The ethanolamine segment accounted for a major market share in 2021
Based on types, the market is segregated into ethanolamine, specialty amines, fatty amines, alkylamines, and ethyleneamines. The ethanolamine segment accounted for a major market share in 2021. This segment contains several amines generated from various chemical processes involving primary amines and alcohol. The ethanolamine segment is further segregated into MEA, TEA, and DEA. The product is utilized in the manufacturing of chemical intermediates, emulsifiers, chelating agents, and detergents, and in the end-user sectors such as chemicals, construction, agriculture, and plastic.
The alkylamine and fatty amines segments are projected to expand at a significant rate during the forecast period owing to rising demand for the production of additives, emulsifiers, anti-cackling agents, corrosion inhibitors, and froth flotation agents. However, high price of the product and its derivatives is anticipated to hamper the market growth.
The crop protection segment held around 35% of the total market share
On the basis of end-users, the market is fragmented into oil & petrochemical, agro chemicals, gas treatment, personal care, water treatment, surfactants, and crop protection. The crop protection segment accounted for a major market share in 2021 owing evolving trends in the agriculture sector. Need for crop protection chemicals is estimated to increase as agricultural processes modernize, resulting in increased demand for amines. The personal care segment is anticipated to expand at a high CAGR during the forecast period.
The segment includes products such as cosmetics, oral care, personal hygiene, haircare, and skincare items which make up a large portion of the FMCG (Fast Moving Consumer Goods) business. The fast-growing FMCG sector in emerging economies such as China and India are expected to boost the segment. Amines are widely being employed in the production of industrial, commercial, and household detergents and cleansers. The water treatment segment is projected to grow at a substantial rate during the forecast period.
Rising consumer awareness of the importance of safe drinking water is expected to boost the product demand. Rising Concerns about rural water supplies, contaminated water circulation, and increasing incidence of waterborne infections among children under the age of five are anticipated to be important drivers for the usage of water-treatment amines.
Asia Pacific dominated the global market in 2021
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominated the global market in 2021 due to rapid expansion of major application industries in the region. Demand for various types of amines, such as diethanolamine, to create glyphosate, which is used to increase the quality of herbicides, is expected to drive the market in the region.
Furthermore, the COVID-19 infection's abrupt emergence and quick spread have enhanced consumer awareness of the significance of basic hygiene and sanitization. Increased concerns about the cleanliness of drinking water, as well as an increase in the degree of water contamination due to continuing industrialization is projected to fuel the market.
Segments
The global amines market has been segmented on the basis of
Types- Ethanolamine
- Specialty Amines
- Fatty Amines
- Alkylamines
- Ethyleneamines
- Oil & Petrochemical
- Agro Chemicals
- Gas Treatment
- Personal Care
- Water Treatment
- Surfactants
- Crop Protection
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Tosoh Corporation
- Mitsubishi Gas Chemical Company
- Arkema
- Sterling Auxiliaries Pvt. Ltd.
- Eastman Chemical Company
- Kao Corporation
- Amines & Plasticizers Ltd.
- Global Amines Company
- Evonik Industries AG
- Lanxess
- Daicel Corporation
- Solvay
- Dow Chemicals
- Nouryon Chemicals
- NOF Corporation
- Hexion Inc.
- Indo Amines Limited
- Huntsman Corporation
- Luxi Chemical Co., Ltd.
- BASF SE
- Balaji Amines
- Koei Chemical Co.
- Alkyl Amines & Chemicals Ltd.
- Volant Chem Corp.
- Sinopec
Competitive Landscape
Key players competing in the amines market include Tosoh Corporation; Mitsubishi Gas Chemical Company; Arkema; Sterling Auxiliaries Pvt. Ltd.; Eastman Chemical Company; Kao Corporation; Amines & Plasticizers Ltd.; Global Amines Company; Evonik Industries AG; Lanxess; Daicel Corporation; Solvay; Dow Chemicals; Nouryon Chemicals; NOF Corporation; Hexion Inc.; Indo Amines Limited; Huntsman Corporation; Luxi Chemical Co., Ltd.; BASF SE; Balaji Amines; Koei Chemical Co.; Alkyl Amines & Chemicals Ltd.; Volant Chem Corp.; and Sinopec.
Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years.
Frequently Asked Questions
The amines market is projected to expand at a CAGR of around 4% during the forecast period, 2022 – 2030.
The amines market size was valued at USD 8.9 billion in 2021.
The crop protection segment dominated the market in 2021.
Asia Pacific dominated the global market in 2021
Luxi Chemical Co., Ltd.; BASF SE; Balaji Amines; Koei Chemical Co.; Alkyl Amines & Chemicals Ltd.; Volant Chem Corp.; and Sinopec are some of the top players in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Amines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Amines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Amines Market - Supply Chain
4.5. Global Amines Market Forecast
4.5.1. Amines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Amines Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Amines Market Absolute $ Opportunity
5. Global Amines Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Amines Market Size and Volume Forecast by Types
5.3.1. Ethanolamine
5.3.2. Specialty Amines
5.3.3. Fatty Amines
5.3.4. Alkylamines
5.3.5. Ethyleneamines
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Amines Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Amines Market Size and Volume Forecast by End Users
6.3.1. Oil & Petrochemical
6.3.2. Agro Chemicals
6.3.3. Gas Treatment
6.3.4. Personal Care
6.3.5. Water Treatment
6.3.6. Surfactants
6.3.7. Crop Protection
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Amines Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Amines Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Amines Demand Share Forecast, 2019-2026
8. North America Amines Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Amines Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Amines Market Size and Volume Forecast by Types
8.4.1. Ethanolamine
8.4.2. Specialty Amines
8.4.3. Fatty Amines
8.4.4. Alkylamines
8.4.5. Ethyleneamines
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Amines Market Size and Volume Forecast by End Users
8.7.1. Oil & Petrochemical
8.7.2. Agro Chemicals
8.7.3. Gas Treatment
8.7.4. Personal Care
8.7.5. Water Treatment
8.7.6. Surfactants
8.7.7. Crop Protection
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Amines Demand Share Forecast, 2019-2026
9. Latin America Amines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Amines Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Amines Market Size and Volume Forecast by Types
9.4.1. Ethanolamine
9.4.2. Specialty Amines
9.4.3. Fatty Amines
9.4.4. Alkylamines
9.4.5. Ethyleneamines
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Amines Market Size and Volume Forecast by End Users
9.7.1. Oil & Petrochemical
9.7.2. Agro Chemicals
9.7.3. Gas Treatment
9.7.4. Personal Care
9.7.5. Water Treatment
9.7.6. Surfactants
9.7.7. Crop Protection
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Amines Demand Share Forecast, 2019-2026
10. Europe Amines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Amines Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Amines Market Size and Volume Forecast by Types
10.4.1. Ethanolamine
10.4.2. Specialty Amines
10.4.3. Fatty Amines
10.4.4. Alkylamines
10.4.5. Ethyleneamines
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Amines Market Size and Volume Forecast by End Users
10.7.1. Oil & Petrochemical
10.7.2. Agro Chemicals
10.7.3. Gas Treatment
10.7.4. Personal Care
10.7.5. Water Treatment
10.7.6. Surfactants
10.7.7. Crop Protection
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Amines Demand Share Forecast, 2019-2026
11. Asia Pacific Amines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Amines Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Amines Market Size and Volume Forecast by Types
11.4.1. Ethanolamine
11.4.2. Specialty Amines
11.4.3. Fatty Amines
11.4.4. Alkylamines
11.4.5. Ethyleneamines
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Amines Market Size and Volume Forecast by End Users
11.7.1. Oil & Petrochemical
11.7.2. Agro Chemicals
11.7.3. Gas Treatment
11.7.4. Personal Care
11.7.5. Water Treatment
11.7.6. Surfactants
11.7.7. Crop Protection
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Amines Demand Share Forecast, 2019-2026
12. Middle East & Africa Amines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Amines Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Amines Market Size and Volume Forecast by Types
12.4.1. Ethanolamine
12.4.2. Specialty Amines
12.4.3. Fatty Amines
12.4.4. Alkylamines
12.4.5. Ethyleneamines
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Amines Market Size and Volume Forecast by End Users
12.7.1. Oil & Petrochemical
12.7.2. Agro Chemicals
12.7.3. Gas Treatment
12.7.4. Personal Care
12.7.5. Water Treatment
12.7.6. Surfactants
12.7.7. Crop Protection
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Amines Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Amines Market: Market Share Analysis
13.2. Amines Distributors and Customers
13.3. Amines Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Tosoh Corporation
13.4.2. Mitsubishi Gas Chemical Company
13.4.3. Arkema
13.4.4. Sterling Auxiliaries Pvt. Ltd.
13.4.5. Eastman Chemical Company
13.4.6. Kao Corporation
13.4.7. Amines & Plasticizers Ltd.
13.4.8. Glob
Methodology
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