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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