Amines market: Estimated size with projected growth with in market and forecast, analysis 2022-2028
According to a new report published by UnivDatos Markets Insights, the amines market is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into the product (ethanolamine, fatty amines, alkyl amines, and others); application (water treatment, cleaning products, crop protection, personal care, petroleum, paints & coatings, pharmaceuticals, and others); region/country.
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The amines market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the market. The amines market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the amines market at the global and regional levels.
Market Overview
Being a commodity product, the amines industry enjoys limited valuation in the market however being a key raw material in a large number of end-use industries, the demand for amines has grown over the past years and it is expected that the industry will retain significant growth performance during the foreseeable future. Industries like water treatment, agriculture, pharmaceutical, petrochemical, paints & coatings, and personal care are some of the key industries which are consistently maintaining strong demand for different kinds of amines products. Further, robust industrial growth in emerging economies to serve the large but underpenetrated consumer is propelling the market growth for the amines industry. For instance, according to Invest India, an India-based National Investment Promotion and Facilitation Agency, the pharmaceutical industry in India is expected to reach $65 bn by 2024 and to $120 bn by 2030 from $50 bn in 2022.
COVID-19 Impact
The recent COVID-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industrial operations in a negative way, which has impacted the demand for amines as its highly dependent on industries’ performance. Further, halted construction activities have reduced the demand for paints and coatings, thus decrease the consumption of amines.
The global amines market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on product, the market is categorized into ethanolamine, fatty amines, alkyl amines, and others. Among these, ethanolamine captured a major portion of the pie due to its usage in large numbers of amines-consuming industries. For instance, ethanolamine is used as a scrubber in the petrochemical industry to remove carbon dioxide, hydrogen sulfide, and other acidic pollutants from waste gas streams. Further, as a starting material, it is used in the production of surfactants, chelating agents, and pharmaceutical products, among others.
· Based on application, the market is categorized into water treatment, cleaning products, crop protection, personal care, petroleum, paints & coatings, pharmaceuticals, and others. Among these, crop protection accounted for a prominent share of the market owing to the consumption of fertilizer in large amounts in almost all countries. Further, decreasing arable land has increased the focus on improving crop yield, thereby fueling the demand for crop protection products.
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Geographical Segmentation Includes:
· North America (The United States, Canada, and the Rest of North America)
· Europe (Germany, The United Kingdom, France, Italy, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)
· Rest of the World
Over the years, economies of the Asia-Pacific region have emerged as the key manufacturers of agrochemicals, paints & coatings, personal care products, cleaning products, and pharmaceuticals to name a few. This in turn increased the consumption of amines in the regional economies. Moreover, it is expected that during the forecast period, the region would showcase robust growth owing to rising industrialization in economies like India and ASEAN. Further, governments of various countries like India are focusing on increasing their share of the manufacturing sector in total GDP, which would like to increase the demand for amines.
The major players targeting the market include
· BASF SE
· Eastman Chemical Company
· Arkema S.A.
· Nouryon
· SABIC
· The Dow Chemical Company
· Huntsman Corporation
· Mitsubishi Gas Chemical Company
· Celanese Corporation
· INEOS Group Limited
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Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the amines market?
• Which factors are influencing the amines market over the forecast period?
• What are the global challenges, threats, and risks in the amines market?
• Which factors are propelling and restraining the amines market?
• What are the demanding global regions of the amines market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE AMINES MARKET
6 AMINES MARKET REVENUE (USD MN), 2020-2028F
7 MARKET INSIGHTS BY PRODUCT
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY REGION
10 AMINES MARKET DYNAMICS
11 AMINES MARKET OPPORTUNITIES
12 AMINES MARKET TRENDS
13 DEMAND AND SUPPLY-SIDE ANALYSIS
14 VALUE CHAIN ANALYSIS
15 COMPETITIVE SCENARIO
16 COMPANY PROFILED
17 DISCLAIMER
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