Amines Market Size, Trends and Insights By Type (Ethylene Amine, Alkyl Amines, Fatty Amines, Specialty Amines, Ethanol Amines, Others), By Application (Pesticides, Surfactants, Water Treatment, Personal Care Products, Gas Treatment, Pharmaceuticals, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- BASF SE
- The Dow Chemical Company
- Huntsman Corporation
- Akzo Nobel N.V.
- Solvay S.A.
- Eastman Chemical Company
- Others
Reports Description
Global Amines Market was valued at USD 15.3 Billion in 2023 and is expected to reach USD 25.6 Billion by 2032, at a CAGR of 4.6% during the forecast period 2023 – 2032.
Amines are organic compounds produced from ammonia (NH3) that have one or more hydrogen atoms replaced by organic molecules like alkyl or aryl. They are distinguished by the presence of a nitrogen atom attached to one, two, or three carbon atoms, depending on either they’re primary, secondary, or tertiary amines.
Amines Market: Growth Factors
High demand for agricultural chemicals
Amines are essential ingredients in the manufacturing of a variety of agricultural chemicals, such as insecticides, herbicides, fungicides and fertilizers. These pesticides rely on amines for formulation and efficacy in managing pests, illnesses, and weeds, hence increasing agricultural yields and quality.
As the world’s population grows and arable land becomes scarcer, farmers face growing pressure to enhance output while reducing environmental effect. As a result, the need for agricultural chemicals, including amines, continues to increase.
Furthermore, advances in farming methods and technology, as well as changing regulatory environments, all contribute to the growth of the amines industry. However, the agricultural sector’s dependence on chemical solutions to satisfy food production demands fuels the expansion of the amines industry, which is still essential to current farming techniques.
For instance, despite competition from China, India’s agrochemical sector has the ability to develop faster than its current 9% growth rate. The agrochemical sector should focus on innovation to reduce pollution and create a whitepaper on the ease of conducting business with compliances.
Rising demand for amines from the pharmaceutical industry
Amines, chemical molecules containing a nitrogen atom, have important roles in pharmaceutical production, acting as building blocks for a variety of medications. Amines are utilized in the production of a variety of pharmaceutical intermediates, active pharmaceutical ingredients (APIs), and pharmaceutical formulations.
They help to create medications that treat a wide range of medical illnesses, such as cardiovascular disease, cancer, infections, and neurological disorders. As the world’s population rises and ages, so does the need for pharmaceuticals, resulting in an increased requirement for amines as critical raw materials in medication synthesis.
Furthermore, advances in pharmaceutical research and development, together with rising healthcare expenditures globally, are fuelling demand for amines, establishing the pharmaceutical sector as a key driver for expansion in the amines market.
For instance, An Illinois research team has identified a technique to create a unique type of molecule that might pave the way for new treatments to cure previously untreatable diseases. More than 40% of medications and drug prospects include amines, with tertiary amines accounting for 60% of the total.
These amines are called for the three carbons that are bound to a nitrogen. Tertiary amines are present in effective medical medicines, such as antibiotics, breast cancer and leukaemia therapies, opioid pain relievers, antihistamines, blood thinners, HIV medications, antimigraine meds, and others.
Amines Market: Restraints
Fluctuating prices of raw materials
The amines market has considerable challenges due to fluctuating raw material prices. Amines are produced from a variety of raw materials, such as petrochemicals and agricultural products, and their prices are volatile due to variables such as international conflicts, supply-demand dynamics, and currency changes.
Sudden increases in raw material costs can interrupt production plans, raise production expenses, and lower profit margins for amine manufacturers. Furthermore, variability in raw material pricing makes it difficult for businesses to precisely anticipate costs and plan investments effectively.
This volatility may dissuade potential investors and impede market expansion. To address these issues, businesses frequently employ hedging methods, explore alternate raw material suppliers, or modify pricing tactics.
Amines Market: Opportunities
Growing popularity of alkylamines
The amines market is being driven by the rising popularity of alkylamines, which have a wide range of uses. Alkylamines, composed of ammonia derivatives with alkyl substituents, have unique chemical characteristics that allow them useful in a variety of applications.
In agriculture, alkylamines are important components in the synthesis of herbicides, insecticides, and fungicides, which contribute to higher agricultural productivity.
Furthermore, alkylamines have an important role in the chemical sector, as they are used as fundamental components to synthesize numerous medicines and pharmaceutical intermediates.
Furthermore, alkylamines are widely used in the manufacturing of surfactants, rubber compounds, and corrosion inhibitors, which drives customer demand among industrial applications. For instance, Alkyl Amines is one of India’s leading manufacturers of aliphatic amines.
During decades, Alkyl has successfully expanded into value-added products such as amine derivatives and specialty chemicals, in along with generating essential aliphatic amines such as methylamines and ethylamines.
All of those chemicals are mostly employed as solvents and intermediates in end-user industries, covering medicines and chemical sectors which include agriculture, dyes, foundries, water treatment, and specialty chemicals.
Amines Market: Segmentation Analysis
Global Amines market is segmented by type, application, and region. Based on type, the market isclassified into ethylene amine, alkyl amines, fatty amines, specialty amines, and ethanol amines.Ethanolamines dominated market in 2022 with market share of 35% and is expected to keep its dominance during the forecast period 2024-2032.
Ethanolamines are important market drivers due to their wide range of applications in a variety of sectors. Ethanolamines are important building blocks in chemical synthesis and are used as intermediates in the manufacturing of a variety of goods such as surfactants, herbicides, detergents, and medicines.
Their distinct chemical characteristics make them useful in operations such as gas purification, corrosion suppression, and pH control in industrial settings. Furthermore, ethanolamines are widely used in the manufacture of personal hygiene items, textiles, and agrochemicals, which fuels demand.
The increased emphasis on environmental sustainability has sparked interest in ethanolamines, which may be generated from sources of renewable energy and provide environmentally favourable options in some sectors.
Based on application, the market is classified into pesticides, surfactants, water treatment, personal care products, gas treatment, pharmaceuticals, and others. Pesticides segment dominated market in 2022 with market share of 40% and is expected to keep its dominance during the forecast period 2024-2032.
Pesticides play an important role in driving the amines industry since they are widely used in agricultural activities across the world.
Amines serve as essential ingredients in the synthesis of several pesticides, such as insecticides, herbicides, and fungicides. These compounds include nitrogen, a significant ingredient in many pesticide formulations.
Amines have several roles in insecticides. They can function as solvents, emulsifiers, or surfactants, facilitating the dispersion and application of active substances to crops. Furthermore, amines are frequently utilized as intermediates in the synthesis of pesticide compounds, allowing for the formation of certain chemical patterns with desirable qualities such as toxicity and durability.
The expanding worldwide needs for food, as well as the growing need to protect crops from pests and illnesses, drive up demand for pesticides, which in turn raises demand for amines. Rapid population expansion, urbanization, and changing food trends all lead to increased agricultural productivity requirements, which fuels pesticide demand.
Furthermore, advances in agricultural techniques and the introduction of new crop protection technologies need novel pesticide formulations, are based on amines. As a consequence, the amines industry is inextricably related to the agricultural sector’s growth and evolution, notably in addressing pest control concerns and guaranteeing global food security.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 15.3 Billion |
| Projected Market Size in 2032 | USD 25.6 Billion |
| Market Size in 2022 | USD 14.9 Billion |
| CAGR Growth Rate | 4.6% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Amines Market: Regional Analysis
By region, Amines market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Amines market in 2022 with market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.
Amines are widely used in the manufacturing of agricultural chemicals, medicines, personal care items, and polymers, all of which are in high demand in the region’s emerging markets. Asia-Pacific has a flourishing agriculture business, with amines being employed in the creation of pesticides, herbicides, and fertilizers.
As the area faces food security issues and demands to boost agricultural production, the need for amines keeps rising.
Moreover, the development of a strong manufacturing sector, especially in China, increases the need for amines in applications that include surfactants, coatings, and adhesives. With rising consumer buying power and urbanization, there is a greater need for items such as coatings, paints, and household cleansers, pushing up demand for amines.
Thus, the Asia-Pacific region’s quick economic expansion, increasing industrial base, and diversified application sectors all help to propel the amines market ahead, positioning it as a vital participant in the worldwide amine manufacturing and consumption landscape.
Amines Market: Recent Developments
- In October 2021, Global Amines Company Pte. Ltd., signed an official contract to acquire Global Quats and Esterquats Business from Clariant.
- In June 2021, BASF announced an increase in manufacturing capacity for critical specialty amines. BASF can create additional versions of its major tertiary amines and polyetheramines under the LupragenTM and Baxxodur® trademarks.
- In September 2021, Huntsman Corp. announced that its Performance Products division has completed the first phase of the project to expand its Conroe, TX facility to manufacture specialty amines. This cash will be used to increase production for the company’s E-GRADE brand of specialized amines.
List of the prominent players in the Amines Market:
- BASF SE
- The Dow Chemical Company
- Huntsman Corporation
- Akzo Nobel N.V.
- Solvay S.A.
- Eastman Chemical Company
- Clariant AG
- Evonik Industries AG
- Arkema Group
- Tosoh Corporation
- Mitsubishi Gas Chemical Company Inc.
- SABIC (Saudi Basic Industries Corporation)
- Celanese Corporation
- LANXESS AG
- Alkyl Amines Chemicals Limited
- Kao Corporation
- DuPont de Nemours Inc.
- India Glycols Limited
- Taminco Corporation
- Global Amines Company Pvt. Ltd.
- Others
These key players are adopting various growth strategies such as merger & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Amines Market is segmented as follows:
By Type
- Ethylene Amine
- Alkyl Amines
- Fatty Amines
- Specialty Amines
- Ethanol Amines
- Others
By Application
- Pesticides
- Surfactants
- Water Treatment
- Personal Care Products
- Gas Treatment
- Pharmaceuticals
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Amines Market, (2024 – 2033) (USD Billion)
- 2.2 Global Amines Market : snapshot
- Chapter 3. Global Amines Market – Industry Analysis
- 3.1 Amines Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 High demand for agricultural chemicals
- 3.2.2 Rising demand for amines from the pharmaceutical industry
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Amines Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Amines Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Amines Market – Type Analysis
- 5.1 Global Amines Market overview: By Type
- 5.1.1 Global Amines Market share, By Type, 2022 and – 2033
- 5.2 Ethylene Amine
- 5.2.1 Global Amines Market by Ethylene Amine, 2024 – 2033 (USD Billion)
- 5.3 Alkyl Amines
- 5.3.1 Global Amines Market by Alkyl Amines, 2024 – 2033 (USD Billion)
- 5.4 Fatty Amines
- 5.4.1 Global Amines Market by Fatty Amines, 2024 – 2033 (USD Billion)
- 5.5 Specialty Amines
- 5.5.1 Global Amines Market by Specialty Amines, 2024 – 2033 (USD Billion)
- 5.6 Ethanol Amines
- 5.6.1 Global Amines Market by Ethanol Amines , 2024 – 2033 (USD Billion)
- 5.7 Others
- 5.7.1 Global Amines Market by Others , 2024 – 2033 (USD Billion)
- 5.1 Global Amines Market overview: By Type
- Chapter 6. Global Amines Market – Application Analysis
- 6.1 Global Amines Market overview: By Application
- 6.1.1 Global Amines Market share, By Application, 2022 and – 2033
- 6.2 Pesticides
- 6.2.1 Global Amines Market by Pesticides, 2024 – 2033 (USD Billion)
- 6.3 Surfactants
- 6.3.1 Global Amines Market by Surfactants, 2024 – 2033 (USD Billion)
- 6.4 Water Treatment
- 6.4.1 Global Amines Market by Water Treatment, 2024 – 2033 (USD Billion)
- 6.5 Personal Care Products
- 6.5.1 Global Amines Market by Personal Care Products, 2024 – 2033 (USD Billion)
- 6.6 Gas Treatment
- 6.6.1 Global Amines Market by Gas Treatment, 2024 – 2033 (USD Billion)
- 6.7 Pharmaceuticals
- 6.7.1 Global Amines Market by Pharmaceuticals, 2024 – 2033 (USD Billion)
- 6.8 Others
- 6.8.1 Global Amines Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Amines Market overview: By Application
- Chapter 7. Amines Market – Regional Analysis
- 7.1 Global Amines Market Regional Overview
- 7.2 Global Amines Market Share, by Region, 2022 & – 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Amines Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Amines Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Amines Market, 2024 – 2033 (USD Billion)
- 7.4 North America Amines Market, by Type, 2024 – 2033
- 7.4.1 North America Amines Market, by Type, 2024 – 2033 (USD Billion)
- 7.5 North America Amines Market, by Application, 2024 – 2033
- 7.5.1 North America Amines Market, by Application, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Amines Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Amines Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Amines Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Amines Market, by Type, 2024 – 2033
- 7.7.1 Europe Amines Market, by Type, 2024 – 2033 (USD Billion)
- 7.8 Europe Amines Market, by Application, 2024 – 2033
- 7.8.1 Europe Amines Market, by Application, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Amines Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Amines Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Amines Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Amines Market, by Type, 2024 – 2033
- 7.10.1 Asia Pacific Amines Market, by Type, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Amines Market, by Application, 2024 – 2033
- 7.11.1 Asia Pacific Amines Market, by Application, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Amines Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Amines Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Amines Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Amines Market, by Type, 2024 – 2033
- 7.13.1 Latin America Amines Market, by Type, 2024 – 2033 (USD Billion)
- 7.14 Latin America Amines Market, by Application, 2024 – 2033
- 7.14.1 Latin America Amines Market, by Application, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Amines Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Amines Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Amines Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Amines Market, by Type, 2024 – 2033
- 7.16.1 The Middle-East and Africa Amines Market, by Type, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Amines Market, by Application, 2024 – 2033
- 7.17.1 The Middle-East and Africa Amines Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 BASF SE
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 The Dow Chemical Company
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Huntsman Corporation
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Akzo Nobel N.V.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Solvay S.A.
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Eastman Chemical Company
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Clariant AG
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Evonik Industries AG
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Arkema Group
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Tosoh Corporation
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Mitsubishi Gas Chemical Company Inc.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 SABIC (Saudi Basic Industries Corporation)
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Celanese Corporation
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 LANXESS AG
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Alkyl Amines Chemicals Limited
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Kao Corporation
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 DuPont de Nemours Inc.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 India Glycols Limited
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Taminco Corporation
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Global Amines Company Pvt. Ltd.
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 BASF SE
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- BASF SE
- The Dow Chemical Company
- Huntsman Corporation
- Akzo Nobel N.V.
- Solvay S.A.
- Eastman Chemical Company
- Clariant AG
- Evonik Industries AG
- Arkema Group
- Tosoh Corporation
- Mitsubishi Gas Chemical Company Inc.
- SABIC (Saudi Basic Industries Corporation)
- Celanese Corporation
- LANXESS AG
- Alkyl Amines Chemicals Limited
- Kao Corporation
- DuPont de Nemours Inc.
- India Glycols Limited
- Taminco Corporation
- Global Amines Company Pvt. Ltd.
- Others
FAQs
The restraints of the Amines market is strong competition from alternative antimicrobial agents.
The major driver for the Amines market is increased demand for Amines in photography and textile industry.
The “Ethylene Amine” category dominated the market in 2022.
The key players in the market are BASF SE, The Dow Chemical Company, Huntsman Corporation, Akzo Nobel N.V., Solvay S.A., Eastman Chemical Company, Clariant AG, Evonik Industries AG, Arkema Group, Tosoh Corporation, Mitsubishi Gas Chemical Company Inc., SABIC (Saudi Basic Industries Corporation), Celanese Corporation, LANXESS AG, Alkyl Amines Chemicals Limited, Kao Corporation, DuPont de Nemours Inc., India Glycols Limited, Taminco Corporation, Global Amines Company Pvt. Ltd., Others.
“Asia-Pacific” had the largest share in the Amines Market.
The global market is projected to grow at a CAGR of 4.6% during the forecast period, 2023-2032.
The Amines Market size was valued at USD 15.3 Billion in 2023.
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