Friday, August 7, 2020

Amines Market Strategies and Forecasts, Analysis and Overview To 2025

 

Amines Market strategic research study offers company accounts, industry investors, and industry members with consequential insights to enable them to make reliable strategic decisions regarding the opportunities in the global market.

 

Amines Market research report offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.

 

KEY BENEFITS

1. Amines market analysis based on current industry scenario and expected future trends to enable stakeholders take strategic decisions.

2. Analysis of the factors impacting the Amines market to understand business opportunities.

3. Identification of key investment pockets for various applications, type and geographies.

4. Identification of the Amines market top key players and their strategic moves.

5. Evaluation of Amines market trends to provide deep-dive intelligence into every market segment.

6. Competitive analysis to effectively plan and execute a business plan.

7. Amines market micro-level analysis based on application, type and geography.

 

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Industry Insights

The global 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.

 

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.

 

Regional Insights

Asia-Pacific is projected to witness fastest growth over the forecast period owing to growing demand from agricultural industry, rising economic development, and increasing R&D endeavors in producing quality amines. India, China, Indonesia, and Malaysia are anticipated to account for major market share in the region primarily due to growing government initiatives for sustainable development. North America and Europe are expected to see considerable growth over the next eight years owing to growing demand for amines in end-use industries and rising awareness of its varied applications. Particularly the US, Germany, France, the UK, and Italy are projected to account for highest growth in the region primarily due to growing of personal care and healthcare products.

 

Competitive Insights

Major players in the amine market include AkzoNobel, BASF, Clariant, and Dow Chemicals. New opportunities arising from Indian government’s PCPIR policy for promoting chemicals and petrochemicals production is also anticipated to propel growth by 2024.

 

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