The global amines market is expected to
reach USD 29.3 billion by 2025, according to a new report by Grand View
Research, Inc. The fast-paced growth of the personal care industry across the
globe acts as a prime factor driving market growth. In addition, the increasing
application scope of the product in the water treatment and building &
construction industries is projected to have positive impacts on the overall
market growth over the forecast years.
The growing use of ethanol amines and its
derivatives for the manufacture of a gamut range of emulsifiers, additives,
chelating agents, and chemical intermediates for gas and water treatment is
expected to drive demand for the product over the coming years. Ethanolamine
accounted for the largest product segment on account of the high usage in skin
and hair care products, including shampoos, cosmetics, conditioner, and serum.
Amines are increasingly being used for the
manufacture of asphalt and concrete additives. The rapid growth of building
& construction in key economies such as China, Germany, India, and the
U.S., is slated to drive product demand over the forecast years.
The amines industry is expected to witness
the fastest growth in the personal care application segment, slated to grow at
a CAGR of 5.2% during the forecast period, in terms of revenue. The presence of
highly integrated market players such as BASF SE, Dow Chemicals, Eastman
Chemical, and PPG Industries, with extensive product portfolios and
distribution networks across the globe, is expected to drive the overall industry
demand over the forecast period.
To request a sample copy or view summary of
this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/amines-industry
http://www.grandviewresearch.com/industry-analysis/amines-industry
Further key findings from the report suggest:
· The amines market was valued at USD 14.4
billion in 2016 and is projected to grow at a significant growth rate during
the forecast period, mainly on account of growing applications in several
end-use verticals, including personal care, construction, mining, and
metalworking.
· The fatty amines product segment accounted
for the second-largest share of the overall industry revenues in 2016. This
segment is expected to grow at a CAGR of 8.6% during the forecast period, on
account of increasing use of the product in the manufacture of corrosion
inhibitors, flotation agents, and anti-cackling agents.
· The product demand in crop protection was
recorded to be the highest among all applications, and is expected to witness
growth at nearly 8% over the forecast period, on account of growth of the
agricultural sector in several emerging economies worldwide.
· The Asia Pacific amines segment dominated
the overall industry; valued at nearly USD 6.5 billion in 2016, and is expected
to witness the highest growth during the forecast period, on account of rapid
surge in demand for surfactants, personal care, and crop protection chemicals
in emerging economies of the region.
· The key strategies adopted by the industry
players include distribution agreements, expansion of production capacity and
acquisitions. For instance, BASF set up a production facility for the
manufacture of specialty and ethanol amines in China.
Grand View Research has segmented the
amines market on the basis of product, application and region:
Product Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
·
Ethanolamine
·
Fatty Amines
·
Alkylamines
·
Others
Application Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
·
Crop Protection
·
Surfactants
·
Water treatment
·
Personal care
·
Gas Treatment
·
Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
