Amines Market Growth, Demand and Challenges of the Key Industry Players 2027

Global Amines Market Research and Forecast Report 2022-2027

Author: Elena Anderson

Marketing Manager

Report DescriptionAbout IMARC Group

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Global Amines Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " Amines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ," the global amines market reached a value of US$ 18.56 Billion in 2021.

Amines are nitrogen-containing organic compounds that are produced by substituting hydrogen atoms in ammonia molecules with alkyl or aryl groups. When ammonia reacts with organic groups or oxygen atoms, they are replaced with hydrogen, thereby forming amines. They are characterized by their colorless nature and low volatility. These chemicals act as catalysts or chemical intermediaries that can accelerate chemical reactions in numerous end-use industries. Apart from this, they are also used for removing carbon dioxide (CO2) from natural gas, formulating crop protection chemicals, and manufacturing pharmaceuticals.

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Global Amines Market Trends:

The global market is majorly driven by the continual developments in the agriculture industry. This can be attributed to the rising adoption of crop protection chemicals and pesticides among farmers. In line with this, the increasing awareness regarding the importance of using personal care products among the masses is propelling the market. Moreover, the rapid utilization of amines as a solvent in medicinal and anesthetic drugs is providing an impetus to the market growth.

Apart from this, the escalating product demand in various applications of construction and residential sectors is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization and industrialization, the growing prevalence of chronic diseases, and extensive research and development (R&D) activities conducted by key players.

Looking forward, IMARC Group expects the market to reach US$ 25.01 Billion by 2027, exhibiting at a CAGR of 5.05% during 2022-2027.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/amines-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Product:

• Ethanolamines

• Fatty Amines

• Alkylamines

• Others

Breakup by Function:

• Solvent

• Chelating Agent

• Corrosion Inhibitor

• Bleach Activators

• Surfactants

• Others

Breakup by Application:

• Agriculture

• Gas Treatment

• Petroleum

• Water Treatment

• Personal Care

• Paints and Coatings

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• Akzo Nobel N.V

• Arkema S.A

• BASF SE

• Celanese Corporation

• Dow Inc

• DuPont de Nemours Inc

• Huntsman Corporation

• Lanxess AG

• LyondellBasell Industries N.V

• Mitsubishi Gas Chemical Company Inc

• SABIC

• Solvay S.A

1. What was the size of the global amines market in 2021?

2. What is the expected growth rate of the global amines market during 2022-2027?

3. What has been the impact of COVID-19 on the global amines market?

4. What are the key factors driving the global amines market?

5. What is the breakup of the global amines market based on product?

6. What is the breakup of the global amines market based on the function?

7. What is the breakup of the global amines market based on the application?

8. What are the key regions in the global amines market?

9. Who are the key players/companies in the global amines market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/amines-market/toc

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