Amines Market size was estimated at USD 14.4 billion in 2016 and is anticipated to reach USD 29.3 billion by 2025. Amines market is expected to witness significant growth over the forecast period owing to increasing application scope in personal care products, crop protection, paint & coatings, surfactants and water treatment. Rising need for yield improvement among farmers coupled with growing agricultural industry demand for fertilizers is projected to fuel the market growth over the next eight years. India and China are anticipated to act as important countries to drive the growth primarily due to the rising end user industry demand for amines as a raw material in manufacturing azo dyes and as an ingredient for making drugs in pharmaceutical industry.
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Market Synopsis of Amines Market:
Amine growing demand for gas
treatment to remove hydrogen sulfide (H2S), and carbon dioxide (CO2) from
refinery process streams is also expected to bolster the market growth by 2024.
Furthermore, improving infrastructure growth in BRICS countries, and rising
demand for heavy duty laundry liquids are anticipated to propel the market
demand over the forecast period. In addition, increasing cosmetic products
demand in developing markets of India and China coupled with growing personal
care industry in Germany is likely to boost the amines market over the next
eight years. However, the increasing volatility in crude oil prices has
impacted the amines prices resulting in the rising demand for bio based
molecules, thus challenging the amines market growth by 2024. Henceforth,
companies are projected to focus in technological advancements through R&D
efforts that would decrease the amines prices and could potentially reduce the
demand supply gap over the next eight years. Automobile production growth in
Malaysia, China, Mexico and Indonesia is another important factor anticipated
to propel the application of paints and coatings, thus boosting the amines
market over the next eight years.
Product Insights
Amines comprises of various
products such as chlorpromazine, amitriptyline, imipramine, lofepramine,
clomipramine, and ethanolamine which are used to relieve allergic disorder,
anxiety, excitement, mental disorder, and restlessness. It constitutes few
other products such as desipramine, nortriptyline, and amoxapine that are
considered very significant tricyclic anti-depressants. The aforementioned
products application in pharmaceutical industry is anticipated to fuel the
market growth over the forecast period. Ethanolamine is projected to account
for more than 50% market share by 2024 primarily owing to its rising use as a
corrosion inhibitor in matching fluids, lubricants, and cooling systems for
automotive & marine industrial applications. It is also used as a cleaning
agent in the form of triethanolamine and monoethanolamine thus anticipating the
market growth to propel by 2024
Application Insights
Crop protection is the key amine
application in the agricultural industry that is expected to drive the market
growth over the forecast period. The market also has various applications in
pharmaceutical industry in making medicines. However, the increasing
applications of bio-based products and rising stringent environmental
regulations regarding water pollution are projected to challenge the amines
market by 2024. Growing amine application in FMCG industry is also anticipated
to bolster the market growth over the forecast period.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Amines: Market
Variables, Trends & Scope
Chapter 4 Amines: Product
Estimates & Trend Analysis
Chapter 5 Amines: Application
Estimates & Trend Analysis
Chapter 6 Amines: End-use
Estimates & Trend Analysis
Chapter 7 Amines: Industrial
End-use Estimates & Trend Analysis
Chapter 8 Amines: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Amines: Manufacturers
Company Profiles
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