Amines Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 15.42 Billion |
| Market Size (2029) | USD 19.45 Billion |
| CAGR (2024 - 2029) | 4.75 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Amines Market Analysis
The Amines Market size is estimated at USD 15.42 billion in 2024, and is expected to reach USD 19.45 billion by 2029, growing at a CAGR of 4.75% during the forecast period (2024-2029).
Major factor driving the market studied is the accelerating demand for pesticides from developing countries.
- 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.
Amines Market Trends
This section covers the major market trends shaping the Amines Market according to our research experts:
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 asantipsychotic aripiprazolecholesterol-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.
Amines Industry Overview
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.
Amines Market Leaders
-
BASF SE
-
Arkema Group
-
Akzo Nobel N.V.
-
Solvay
-
INEOS
*Disclaimer: Major Players sorted in no particular order
Amines Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Growing Demand for Personal Care Products from Asia-Pacific
- 4.1.2 Accelerating Demand for Pesticides from Developing Countries
- 4.1.3 Increasing Demand and Usage in Construction Sector
-
4.2 Restraints
- 4.2.1 Rising Consumption of Wood-free Products
- 4.2.2 Increasing Usage of Bio-Based Products for Agriculture in Developed Countries
- 4.3 Industry Value-Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Price Analysis
- 4.6 Production Analysis
-
4.7 Technological Snapshot
- 4.7.1 Current Technologies
- 4.7.1.1 Zeolite-catalyzed Methylamines Processes
- 4.7.1.2 Direct Amination of Isobutylene
- 4.7.1.3 Catalytic Distillation
- 4.7.1.4 Ammonolysis of EDC
- 4.7.2 Upcoming Technologies
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Ethyleneamines
- 5.1.2 Alkylamines
- 5.1.3 Fatty Amines
- 5.1.4 Specialty Amines
- 5.1.5 Ethanolamines
-
5.2 End-use
- 5.2.1 Rubber
- 5.2.2 Personal Care products
- 5.2.3 Cleaning Products
- 5.2.4 Adhesives, Paints, and Resins
- 5.2.5 Agro Chemicals
- 5.2.6 Oil and Petrochemical
- 5.2.7 Other End-uses
-
5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Australia and New Zealand
- 5.3.1.6 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 Air Products and Chemicals, Inc.
- 6.4.2 Akzo Nobel N.V.
- 6.4.3 Alkyl Amines Chemicals Limited
- 6.4.4 Arkema Group
- 6.4.5 BASF SE
- 6.4.6 Celanese Corporation
- 6.4.7 Clariant
- 6.4.8 Daicel Corporation
- 6.4.9 DowDuPont
- 6.4.10 Huntsman International LLC
- 6.4.11 INEOS
- 6.4.12 INVISTA
- 6.4.13 Kemipex
- 6.4.14 LyondellBasell Industries N.V.
- 6.4.15 Mitsubishi Gas Chemical Company Inc.
- 6.4.16 SABIC
- 6.4.17 Solvay
- 6.4.18 Tosoh Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Development of New Applications
- 7.2 Increasing Usage of Genetically Modified Herbicide-Tolerant Seeds
Amines Industry Segmentation
The amines market report includes:
| Type | Ethyleneamines | |
| Alkylamines | ||
| Fatty Amines | ||
| Specialty Amines | ||
| Ethanolamines | ||
| End-use | Rubber | |
| Personal Care products | ||
| Cleaning Products | ||
| Adhesives, Paints, and Resins | ||
| Agro Chemicals | ||
| Oil and Petrochemical | ||
| Other End-uses | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Australia and New Zealand | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Amines Market Research FAQs
How big is the Amines Market?
The Amines Market size is expected to reach USD 15.42 billion in 2024 and grow at a CAGR of 4.75% to reach USD 19.45 billion by 2029.
What is the current Amines Market size?
In 2024, the Amines Market size is expected to reach USD 15.42 billion.
Who are the key players in Amines Market?
BASF SE, Arkema Group, Akzo Nobel N.V., Solvay and INEOS are the major companies operating in the Amines Market.
Which is the fastest growing region in Amines Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Amines Market?
In 2024, the Asia Pacific accounts for the largest market share in Amines Market.
What years does this Amines Market cover, and what was the market size in 2023?
In 2023, the Amines Market size was estimated at USD 14.72 billion. The report covers the Amines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Amines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Amines Industry Report
Statistics for the 2024 Amines market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Amines analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
