Amines are basically those organic compounds that are traditional derivatives of ammonia as well as one or more hydrogen atoms. Such compounds are substituted either by alkyl or aryl group. The aim of this market research study is to analyze the current and future trends in the global amines market. It is anticipated that various industrial applications are expected to increase the consumption of amines and related organic compounds. The study covers a deep analysis of the potential of various applications and types of amines. The report analyzes key growth opportunities in the emerging as well as developed economies so that key players operating in the market can design effective strategies as per their targeted plans and regions. The increasing number of technical innovations in production of amines has led to an effective and more improved use of amines in consumer and industrial applications which is a key factor driving the growth of global amines market.
Growing applications of amines in personal care products, paints & coatings, surfactants, crop protection and water treatment are anticipated to play a crucial role in fueling the growth of global amines market over foreseeable years. Governments of several economies such as India, China and Middle East have relatively increased their overall expenditure on the improvement of infrastructure, which is another key factor projected to pose a positive impact on the global amines demand in surfactant application. However, the use of amines results in human health concerns such as skin disorders, which is a major aspect anticipated to hamper the growth of amines market, globally. In addition, stringent government regulations on the use of amines limit its use in beauty and personal care products, which is likely to restrict the market growth. Also, increasing consumption of amines, especially in new applications is expected to tender good growth opportunities for the global amines market. Furthermore, increasing crop protection, personal care, coatings & paints, surfactants and water treatment applications are expected to fuel the growth of global amines market over the forecast period.
The global amines market can be segmented on the basis of type, application and region. On the basis of type, the global amines market can be segmented into ethyleneamine, alkylamines, fatty amines, specialty amines and ethanol amines. On the basis of application, the global amines market can be segmented into agricultural chemicals, cleaning products, gas treatment, personal care products, petroleum, water treatment and others. On the basis of region, the global amines market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific (APAC). The demand in Asia-Pacific is estimated to be the major driving factor for the global amines market. China is anticipated to account for the largest share and lead the overall demand for amines owing to increasing industrial production over the last few years. The market in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India among others is also anticipated to grow rapidly throughout the forecast period.
Major players operating in the global amines market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the major players in the global amines market include BASF, AkzoNobel, Arkema SA, Dow Chemicals, Clariant Corporation and Huntsman Corporation.