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Amines Market | Arkema SA, AkzoNobel N.V., Alkyl Amines Chemicals Ltd., BASF SE

08-05-2021 01:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Amines Market

Amines Market

Amines are intermediates chemical compound that is used in the manufacturing of other chemical products. It is produced by alkylation of alcohols or reduction of nitriles. They are categorized into primary amines, secondary amines, tertiary amines, and cyclic amines. Amines are widely used in the production of herbicide formulations, cement and concrete, corrosion inhibitors, chelating agents, and petroleum products.

The global amines market is projected to reach around US$ 17,675.1 million by the end of 2027, in terms of revenue, growing at CAGR of 3.5% during the forecast period (2020-2027).

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Detailed Segmentation:

Global Amines Market, By Product Type:
Ethanolamines
Alkylamines
Fatty amines
Others

Global Amines Market, By Application:
Crop Protection Chemicals
Water Treatment
Personal Care
Surfactants
Others

Fluctuating prices of raw materials used in the manufacturing of amines and its derivatives are expected to hamper the market growth of amines. The chemical commodities market has experienced an upward trend of prices for ammonia which has direct impact on overall price of amines.

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Alkylamines and fatty amines are gaining traction in the market due to growing demand for the production of corrosion anti-cackling agents, inhibitors, emulsifiers, froth flotation agents, and additives are expected to fuel market growth. Increasing demand for cleaners and detergents is also expected to foster the market growth of amines. Thus, the growing popularity of alkylamines and fatty amines are propelling the market growth of the amines.

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