Market Size of Amines Industry
| 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 |
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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 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 | ||||||||
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Amines Market Size Summary
The amines market is poised for steady growth, driven primarily by the increasing demand for pesticides in developing regions. This growth trajectory is supported by the significant role of amines in the pharmaceutical industry, where they are integral to the production of various drugs, including antipsychotics, cholesterol-lowering medications, and anticancer treatments. The market's expansion is, however, tempered by the rising adoption of bio-based agricultural products in developed countries. Nonetheless, the growing use of genetically modified herbicide-tolerant seeds presents a potential opportunity for market players. The pharmaceutical sector, particularly in North America and Asia-Pacific, remains a key contributor to the demand for amines, with China and India emerging as significant players in the market.
Asia-Pacific stands out as the largest consumer and producer of amines, with its production capabilities supporting a robust export market for cosmetics and personal care products to developed nations. The region's market share in the personal care industry is on the rise, driven by increasing consumer awareness of multi-functional products. This trend is expected to bolster the demand for amines throughout the forecast period. The market is characterized by a high level of consolidation, with major companies such as BASF SE, Arkema Group, Akzo Nobel N.V., Solvay, and INEOS dominating the landscape. These factors collectively underscore the dynamic nature of the amines market, with Asia-Pacific poised to maintain its significant influence.
Amines Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand for Personal Care Products from Asia-Pacific
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1.1.2 Accelerating Demand for Pesticides from Developing Countries
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1.1.3 Increasing Demand and Usage in Construction Sector
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1.2 Restraints
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1.2.1 Rising Consumption of Wood-free Products
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1.2.2 Increasing Usage of Bio-Based Products for Agriculture in Developed Countries
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Price Analysis
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1.6 Production Analysis
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1.7 Technological Snapshot
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1.7.1 Current Technologies
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1.7.1.1 Zeolite-catalyzed Methylamines Processes
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1.7.1.2 Direct Amination of Isobutylene
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1.7.1.3 Catalytic Distillation
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1.7.1.4 Ammonolysis of EDC
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1.7.2 Upcoming Technologies
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Ethyleneamines
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2.1.2 Alkylamines
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2.1.3 Fatty Amines
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2.1.4 Specialty Amines
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2.1.5 Ethanolamines
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2.2 End-use
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2.2.1 Rubber
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2.2.2 Personal Care products
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2.2.3 Cleaning Products
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2.2.4 Adhesives, Paints, and Resins
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2.2.5 Agro Chemicals
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2.2.6 Oil and Petrochemical
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2.2.7 Other End-uses
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Australia and New Zealand
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Amines Market Size 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.
