Amines Market Global Competitive Insights and Industry Outlook 2021

Global Amines market gives essential information, objective insights regarding Global market top key players analysis, and much more. The report provides detailed information on segmentation which covers product type, various components, end-user or applications, and various regions. The report deals with the most driving forces influencing the market’s revenue scale. The report delivers a comprehensive analysis of key segments, recent trends, major drivers, growth constraints, competitive landscape during this market. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Amines investments from 2021 till 2025.

The market for amines is expected to expand at a CAGR of more than 4% during the forecast period.

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Market Overview: -

- Increasing usage of bio-based products for agriculture in developed countries is expected to hinder the growth of the market studied.
- Increasing usage of genetically modified herbicide-tolerant seeds is likely to act as an opportunity in the future.

Competitive Landscape: -

The amines market is highly consolidated in nature. Some of the key players in the market studied include BASF SE, Arkema Group, Akzo Nobel N.V., Solvay, and INEOS, among others.

Key Market Trends: -

Increasing Demand form Pharmaceutical Industry

- Amines are majorly used in the pharmaceutical industry. It contains a ring-like structure known as aryl group which is majorly seen in pharmaceuticals such as antipsychotic aripiprazole cholesterol-lowering rosuvastatin, local anesthetic lidocaine, anticancer drug imatinib and are also used as solvents and catalysts in various drug manufacturing.
- According to IQVIA Institute for Human Data Science, the global pharmaceutical market reached a value of USD 1.2 trillion in 2018. The market is expected to register at a CAGR of 4-5% during the forecast period. North America is partly responsible for the largest portions of the revenue, due to the leading role of the United States pharmaceutical sector.
- Asia-Pacific and North America are the dominant regions in the amines market. In Asia-Pacific, China occupies the largest share, followed by India, while regarding the growth rate, India is expected to witness the fastest growth.
- The amines market is growing in the pharmaceutical industry, due to increasing awareness regarding health issues, etc.
- All the aformentoned factors are likely to increase the demand for amines over the forecast period.

Asia-Pacific to Dominate the Market

- Asia-Pacific has become the largest consumer, as well as one of the largest producer of amines. The production has reached such high levels that it has become a major hub for exporting of cosmetics and personal care products to developed nations, such as the United States, United Nations and Spain.
- The tier-2 markets, such as South Korea, are expected to witness a rapid rise in the demand for personal care products. Moreover, China, and India are also likely to experience good opportunities for the personal care market.
- Increasing awareness about the advantages of multi-functional personal care products is expected to boost the demand for amines during the forecast period.
- Overall, the market share of Asia-Pacific in the personal care industry (including cosmetic products, and others) is growing significantly and is likely to follow the same trend during the forecast period, driving the overall market for amines in the region.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Amines Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Amines Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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