Tertiary Amines Global Market Estimated to Surge at a CAGR of 9.5% to Reach $7.77 Billion By 2028 | BASF SE, Solvay S.A., Kao Corporation, Arkema S.A., Lonza Group Ltd.

The tertiary amines market size has grown strongly in recent years. It will grow from $4.98 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to chemical manufacturing demand, growing construction sector, surfactant and water treatment applications, expanding pharmaceutical industry, consumer goods production.

The tertiary amines market size is expected to see strong growth in the next few years. It will grow to $7.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to infrastructure development, increasing water treatment needs, pharmaceutical manufacturing growth, innovation in surfactant production, environmentally friendly formulations. Major trends in the forecast period include utilization of tertiary amines in gas treatment processes, application of tertiary amines in polyurethane catalysts, shift towards tertiary amines as additives in lubricant formulations, development of tertiary amines for agricultural chemicals, adoption of tertiary amines in the textile and leather industries.

Market Overview -
Tertiary amines refer to a class of amine that contains three radicals attached to three hydrocarbon groups in the molecule. They are used in creating a variety of chemicals such as cosmetics, surfactants, disinfectants, and fuel oils. Tertiary amines are used as raw materials for synthesizing quaternary ammonium salts, various chemical derivatives, replacement processes, and amino group elimination.

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Expanding Role Of Tertiary Amines Fueled By Growing Demand In Personal Care Products
The rising demand for personal care products is expected to people the growth of the tertiary amines market going forward. Personal care products refer to an item that is intended for cleaning, grooming, boosting attractiveness, or altering the physical appearance. Tertiary amines including Triethanolamine (TEA) are used in personal care products such as skin lotions, creams, cosmetics, moisturizers, eye gels, and shaving foams as pH adjusters and surfactants. For instance, in March 2022, according to a Cosmetics Europe study, a Belgium-based trade association for the cosmetics and personal care industry, it has been found that 72% of European customers see personal care products as very important in their daily lives and an average consumer uses over 7 different cosmetics and personal care products daily. Therefore, the rising demand for personal care products across the globe is driving the demand for the tertiary amines market.

Competitive Landscape -
Major companies operating in the tertiary amines market report are Mitsui Chemicals Inc., BASF SE, Procter & Gamble Chemicals Company, The Dow Chemical Company, Evonik Industries AG, Solvay S.A., DuPont de Nemours Inc., Air Products and Chemicals Inc., Kao Corporation, Arkema S.A., Eastman Chemical Company, Akzo Nobel N.V., Huntsman International LLC., Lonza Group Ltd., Daicel Corporation, Albemarle Corporation, KLK OLEO Group, NOF CORPORATION, Zhejiang Xinhua Chemical Co Ltd., Balaji Amines Ltd., Alkyl Amines Chemicals Ltd., Temix Oleo Srl, Indo Amines Ltd., Global Amines Company Pte. Ltd., Tokyo Chemical Industry Co Ltd., Shandong Nuoer Bio-Tech Co Ltd., Hangzhou Dayangchem Co Ltd., Dawei Chemicals Co Ltd., Volant-Chem Corp, Sino-Japan Chemical Co Ltd., Zibo Tenghui Oil & Fat Chemical Co Ltd.

Innovative Trends In Tertiary Amines Market Pioneering Products And Process Advancements
Product and process innovations have emerged as the key trends gaining popularity in the tertiary amines market. Major companies operating in the market are prominently focusing on innovative industry-specific products and processes to comply with the demands of newer customers. For instance, in April 2022, A research team at the University of Illinois at Urbana-Champaign discovered a new chemical reaction, called a carbon-hydrogen amination cross-coupling reaction. This enhances and accelerates the production of tertiary amines. This innovation could lead to the development of new medications to treat diseases that are currently incurable.

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Key Segments -
The tertiary amines market covered in this report is segmented -
1) By Product: C-8 TA, C-10 TA, C-12 TA, C-14 TA, C-16 TA, Other Products
2) By Application: Surfactants, Biocides, Floatation Agents, Corrosion Inhibitors, Emulsifier, Drilling Material, Other Applications
3) By End-User: Cleaning Products, Agricultural Chemicals, Personal Care, Petroleum Industry, Water Treatment, Plastics, Pharmaceuticals, Textiles and Fibers, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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