Amines Market - By Type (Ethanolamine, Monoethanolamine, Diethanolamine, Triethanolamine, Methyl Diethanolamine (MDEA)), By Application, By Function & Forecast, 2024

Description

Global Amines Market will register 7.9% CAGR between 2024 and 2032, attributed to the rising demand for personal care products. According to Cosmetics Europe, the European cosmetics and personal care market was valued at €96 billion in retail sales in 2023, making it a global leader in the industry. Additionally, Eurostat reports that in 2023, "cosmetic and beauty products" ranked as the third most purchased item among EU online shoppers, with an 18% purchase rate.

Amines are essential ingredients in a variety of personal care formulations, including cosmetics, shampoos, and skincare products, due to their surfactant and conditioning properties. As consumer awareness and preference for quality personal care products rise, manufacturers increasingly incorporate amines to enhance product efficacy. This surge in personal care product consumption directly drives the demand for amines, supporting market growth and expansion in the sector.

The overall Amines market is categorized based on type, application, function, and region.

The ethanolamine segment will drive appreciable gains throughout 2024-2032, propelled by its versatile applications of ethanolamine in various industries. Ethanolamine is a key component in the production of detergents, personal care products, and pharmaceuticals due to its effective emulsifying and surfactant properties. Additionally, its use in gas treatment for carbon dioxide and hydrogen sulfide removal enhances its industrial appeal. The growing focus on efficient and sustainable chemical processes further drives the adoption of ethanolamine, boosting its demand in the amines market.

The agriculture segment will amass a noteworthy amines market share by 2032, driven by the critical role of amines in the formulation of agrochemicals such as herbicides, pesticides, and fungicides. Amines enhance the effectiveness and stability of these chemicals, ensuring better crop protection and yield. The increasing global focus on sustainable farming practices and food security further boosts the need for efficient agricultural inputs. Additionally, technological advancements in agrochemical formulations and the growing agricultural sector worldwide favor the rising demand for amines in agriculture.

North America amines market will register robust growth over 2024-2032 due to the region's robust agricultural sector heavily relies on amines for producing efficient herbicides, pesticides, and fungicides, driving significant demand. Additionally, the expanding pharmaceutical and personal care industries utilize amines in drug formulations and cosmetic products. Technological advancements in chemical synthesis and the growing emphasis on sustainable and high-performance chemicals further bolster the market. Furthermore, the presence of major chemical manufacturers and extensive research and development activities support the continuous growth and innovation in the North America amines market.

Product Code: 4838

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing demand from the pharmaceutical industry
  - 3.2.1.2 Growing use in agriculture
  - 3.2.1.3 Expanding applications in personal care and household products
- 3.2.2 Market challenges
  - 3.2.2.1 Amines are subject to strict regulatory scrutiny due to their potential environmental
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton)
  - 3.3.4.1 North America
  - 3.3.4.2 Europe
  - 3.3.4.3 Asia Pacific
  - 3.3.4.4 Latin America
  - 3.3.4.5 Middle East & Africa
3.4 Regulations & market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Tons)

5.1 Key trends
5.2 Ethanolamine
5.3 Alkylamine
5.4 Ethylene amine
5.5 Fatty amine
5.6 Specialty Amine
5.7 Amino Methyl Propanol (AMP)

Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Tons)

6.1 Key trends
6.2 Water Treatment
6.3 Cleaning
6.4 Agriculture
6.5 Personal Care
6.6 Paint & Coatings
6.7 Pharmaceuticals
6.8 Petroleum
6.9 Gas Treatment
6.10 Others

Chapter 7 Market Size and Forecast, By Function, 2021-2032 (USD Million, Tons)

7.1 Key trends
7.2 Solvent
7.3 Chelating Agent
7.4 Corrosion Inhibitors
7.5 Bleach Activators
7.6 Surfactants
7.7 Others
7.8 Cleaning
7.9 Agriculture

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Tons)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Alkyl Amines & Chemicals Ltd. (AACL)
9.2 Amines & Plasticizers Ltd (APL)
9.3 Arkema
9.4 Balaji Amines
9.5 BASF SE
9.6 Daicel Corporation
9.7 Dow Inc.
9.8 Eastman Chemical Company
9.9 Evonik Industries AG
9.10 Global Amines Company
9.11 Hexion Inc.
9.12 Huntsman Corporation
9.13 Indo Amines Limited (IAL)
9.14 Kao Corporation
9.15 Koei Chemical Co., Ltd.
9.16 Lanxess
9.17 Luxi Chemical Co., Ltd,
9.18 Mitsubishi Gas Chemical Company
9.19 NOF Corporation
9.20 Solvay
9.21 Sterling Auxiliaries Pvt Ltd.
9.22 Tosoh Corporation
9.23 Volant-Chem Corp

Amines Market - By Type (Ethanolamine, Monoethanolamine, Diethanolamine, Triethanolamine, Methyl Diethanolamine (MDEA)), By Application, By Function & Forecast, 2024 - 2032