The growth of the market can be attributed to the increasing demand from end-use industries such as pharmaceuticals, agrochemicals, water treatment, and others. The growing demand for amines in industrial applications is driving the growth of the market.
Growing demand for amines from the pharmaceutical industry is one of the major factors driving the growth of the amines market. The increasing prevalence of chronic diseases, rising geriatric population, and the increasing number of surgeries have triggered the demand for pharmaceutical drugs, which in turn is expected to drive the demand for amines.
Moreover, increasing demand for amines in agrochemical applications is also one of the major factors driving the growth of the amines market. Ammonia and its derivatives are used in fertilizers, insecticides, and fungicides, which are used in the agricultural sector. The rising demand for food, population growth, and increased government initiatives in the agricultural sector have increased the demand for agrochemicals, which is expected to drive the growth of the amines market.
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Report Coverage
The report: "Amines Market – Forecast (2022-2027)" covers an in-depth analysis of the following segments of the Amines Market.
By Type: Ethanolamines, Alkylamines, Fatty Amines, Specialty Amines, Ethyleneamines, Aromatic Amines, Others
By Function: Solvents, Corrosion Inhibitors, Catalysts, Surfactants, Others.
By Application: Water Treatment, Gas Treatment, Cleaning Products, Adhesives, Paints, Polymers and Resins, Agrochemicals, Petrochemical, Cosmetics, Rubber, Others.
By End-Use Industry: Agriculture Industry, Paints & Coatings, Pharmaceutical Industry, Oil & Gas Industry, Textile Industry, Automotive Industry, Personal Care and Cosmetics, Others
By Geography: North America, Europe, Asia-Pacific, South America, RoW
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Key Takeaways
The Asia-Pacific region holds the largest share in the amines market primarily due to the growth and dominance of the Agriculture and Personal Care Industry.
Ethanolamines are a versatile form of amine that possesses the properties of both primary alcohol and primary amine.
Amines are primarily used as solvents for fats and oils and in conjunction with fatty acids to form emulsions.
The increase in demand and the growth of the Pharmaceutical Industry prove to be a driver for the Amines Market.
Competitive Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Amines Market. The key companies in the Amines Market are
o BASF SE
o Arkema S.A.
o Akzo Nobel N.V.
o Dow Chemical Company
o Mitsubishi Gas Chemical Company, Inc.
o Huntsman Corporation
o Solvay Group
o Tosoh Corporation
o Nouryon
o Saudi Basic Industries Corporation (SABIC)
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TOC :
Chapter 1 Amines Market Overview
1.1 Product Overview and Scope of Amines
1.2 Amines Market Segmentation by Type
1.2.1 Global Amines Market Share of Amines by Type in 2022
1.2.2 Ethanolamines
1.2.3 Alkylamines
1.2.4 Fatty Amines
1.2.5 Specialty Amines
1.2.6 Ethyleneamines
TOC Continued…
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