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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Amines Market Share
The demand for ethanolamine is rising due to its various uses in automotive and marine industries
Ethanolamine dominates the market share as it is primarily used as a cleaning agent in the form of mono-ethanolamine and triethanolamine. Additionally, it serves as a corrosion inhibitor in various industrial, automotive, and marine applications, including lubricants, machining fluids, and cooling systems. The growing demand for ethanolamine in these applications drives its market growth.
Fatty amines are expected to grow rapidly due to their use in producing corrosion inhibitors, froth flotation agents, dispersants, emulsifiers, and additives utilised in mining, construction, and refinery applications. As per amines market analysis, the growing production of oleochemicals can ensure an adequate supply of fatty amines soon.
Alkylamines hold a significant market share, although not as large as ethanolamine. They are derived from ammonia and alkyl halides and are used in manufacturing pesticides, surfactants, and personal care products. The segment’s growth is aided by the growth in production levels of these applications.
Crop protection segment is witnessing rapid growth due to growing use of pesticides in agriculture
The crop protection segment dominates the amines market share due to the growing demand for amines in the manufacturing of pesticides, herbicides, and fungicides. Amines serve as essential ingredients in the synthesis of various crop protection chemicals. They are used as solvents, emulsifiers, or surfactants in pesticide formulations, facilitating the dispersion and application of active substances to crops. Additionally, amines are utilised as intermediates in the synthesis of pesticide compounds, further contributing to their significant market share.
The surfactants segment in amines market is expected to grow rapidly due to the increasing demand for amines in the production of detergents, emulsifiers, and dispersants. Amines are used as foam boosters in shampoos, helping to create a rich lather that effectively cleans hair and skin without irritation. They are also used in lotions and creams to help emulsify oils. The growing demand for personal care products drives the growth of this segment.
The water treatment segment holds a significant market share, driven by the growing demand for amines in the purification and treatment of water. Amines are used as corrosion inhibitors, pH adjusters, and scale removers in water treatment processes. They help maintain the optimal pH and prevent the buildup of scale and corrosion in water systems. The increasing focus on water conservation and the need for efficient water treatment processes contribute to the growth of this segment.
Amines Market Report Snapshots
Amines Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The amines market value is expected to grow at a CAGR of 4% between 2024 and 2032.
The major drivers of the market include the robust growth of the agricultural sector, the rising usage of amines to reduce surface tension and control the pH of cosmetics and personal care products, and the growing end-uses of amines in the chemical and energy sectors.
Key trends aiding market expansion include the medicinal benefits of amines, the rising hygiene consciousness, and the increasing consumer awareness of the use of safe water.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of amines included in the market are ethanolamine, fatty amines, and alkylamines, among others.
Based on type, ethanolamine has the largest share in the market.
The significant applications of amines are crop protection, surfactants, water treatment, personal care, and gas treatment, among others.
Key players in the market are Arkema S.A., Dow Chemical Company, Huntsman International LLC, Solvay S.A., and Lanxess AG, among others.
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