Global Amines Market is accounted for $17.92 billion in 2020 and is expected to reach $39.56 billion by 2028 growing at a CAGR of 10.4% during the forecast period. The increasing demand for amines as an important ingredient in pharmaceutical formulations and the rising prevalence of chronic health disorders such as diabetes, blood pressure, cholesterol, and heart problems, among others are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period, due to the growing application of the product in manufacturing numerous crop protection chemicals such as herbicides, insecticides, and pesticides and among others. For example, diethanolamine is one of the key raw materials in manufacturing glyphosate to expand the quality of this herbicide.
Some of the key players profiled in the Amines Market include BASF SE, Lonza Corporation, Luxi Chemical Co., Ltd, AkzoNobel N.V., Alkyl Amines & Chemicals Ltd, Balaji Amines, Corbion, Daicel Chemical Industries Ltd, Delamines B.V, Hexion Inc, Huntsman Corporation, NOF Corporation, Oxea GmbH, Taminco and Volant-Chem Corp.
Types Covered in Amines Market
• Alkyl Amine
• Ethanol Amine
• Ethylene Amine
• Fatty Amine
• Specialty Amine
Functions Covered:
• Bleach Activators
• Chelating Agent
• Corrosion Inhibitor
• Solvent
• Surfactants
Applications Covered:
• Adhesives, Paints, and Resins
• Cleaning Products
• Crop protection
• Gas Treatment
• Surfactants
• Water Treatment Cleaning
End Users Covered:
• Agricultural Chemicals
• Oil and Petrochemical
• Personal Care
• Pharmaceutical
• Rubber
• Textile
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