Global Amines Market Report to be Driven by Rising Demand from Agrochemical Sector in the Forecast Period of 2021-2026

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The new report by Expert Market Research titled, ‘Global Amines Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Global Amines Market, assessing the market based on its segments like products, application, and region.

The new report by Expert Market Research titled, ‘Global Amines Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Global Amines Market, assessing the market based on its segments like products, application, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 4%

Amines are utilised in agriculture as a nitrogen source and a natural fertiliser. The agricultural industry's robust expansion, owing to increased need for high yield and enhanced crop protection, is raising demand for amines in the agricultural sector, fuelling market expansion. The use of amines in agrochemicals to generate pesticides while enhancing the pesticide's capacity to dissolve in water is also fuelling industry expansion. Additionally, amines are used to soften plastic and remove carbon dioxide from ammonia gas to manufacture synthetic ammonia, which is fuelling market expansion.

Industry Definition and Major Segments

Amines are nitrogen-containing organic molecules generated from ammonia. Among the important amines include amino acids, aniline, biogenic amines, and trimethylamine. They have a variety of applications and are utilised in the dyeing, pharmaceutical, and gas treatment industries, among others.

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Based on product, the amines market is divided into:

  • Ethanolamine’s
  • Fatty Amines
  • Alkylamines
  • Others

Based on application, the industry is divided into:

  • Crop Protection
  • Surfactants
  • Water Treatment
  • Personal Care
  • Gas Treatment
  • Others

On the basis of region, the market is segmented into:

  • North America
  • Europe
  • Asia
  • Latin America
  • Middle East and Africa

Market Trends

Amines are linked to a variety of medical benefits and aid in the treatment of life-threatening allergic responses caused by insect bites or stings, foods, drugs, latex, and other factors, boosting market growth. Furthermore, rising hygiene awareness because of the coronavirus epidemic has increased demand for personal and home cleansing products, fuelling market expansion. Amines are used in a variety of cleaning goods such as floor cleaners, tile cleaners, and laundry detergents to help remove dirt, grease, and stains, hence assisting market growth. Furthermore, the thriving cosmetics business is propelling the expansion of the amines market. Amines are used in personal care and cosmetics products to adjust the pH and lower surface tension. They are widely utilised in cosmetics, including eyeliner, mascara, brushes, hair care products, sunscreens, and skin cleansing products, among others, which is projected to drive market expansion further. Furthermore, rising consumer awareness of the importance of safe drinking water is hastening the amines industry. They are used to reduce the effects of carbon dioxide and other acids, as well as to regulate the pH of water.

Key Market Players

The major players in the market are Arkema S.A., Dow Chemical Company, Huntsman International LLC, Solvay S.A., LANXESS AG, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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