Press release
Amines Market | Arkema SA, AkzoNobel N.V., Alkyl Amines Chemicals Ltd., BASF SE
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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Aliphatic Amines Market
𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐥𝐢𝐩𝐡𝐚𝐭𝐢𝐜 𝐀𝐦𝐢𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 2024-2030: 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
The global Aliphatic Amines market, valued at approximately USD 7.04 billion in 2023, is projected to expand to USD 11.61 billion by 2030. This growth represents a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.
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