Amines Market Overview:

Amines comprise of varied group of chemical intermediates which contain at least one nitrogen atom bonded to hydrogen atoms or to alkyl or aryl groups. Amines ae used across diverse industry verticals and the global amines market expands largely in line with global economic activity.

Global amines market demand will be driven by accelerating economic activities on a global scale, manufacturing, and higher consumer spending purveyed by rise in disposable income which would result in additional consumption of amines-oriented applications. However, surge in the usage of bio-based products in agricultural practices is likely to boost the growth of the global amines market. Moreover, health risks associated with the usage of amines is also estimated to be a major bottleneck to the growth of the market.

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The developing countries present significant growth opportunities to the global amines market. As consumers in the developing countries gain more purchasing power, they are more likely to spend on superior personal care products and invest in luxury items. Amines are vital components of personal care products such as detergents, soaps, shampoos and other cleaning products. Moreover, expansion of spending capabilities will also lead to spending on products which have higher price point such as higher quality cleansers, creams, and lotions which make extensive use of amines.

Competitive Landscape:

The key players of Global Amines Market are BASF, AkzoNobel NV, The Dow Chemical Company, Huntsman Corporation, Clariant AG, Oxea GmbH, Tosoh Corporation, Mitsubishi Gas Chemical Company, Celanese Corporation, Daicel Chemical Industries Ltd and others.

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Amines Market Segmentation:

The global amines market has been segmented based on product type and application.

By application, the global amines market has been segmented into Water Treatment, Cleaning products, Agriculture, Personal Care, Petroleum, Paint & Coatings, Pharmaceuticals and others.

By product, the global amines market has been segmented into Ethyleneimine, Alkyl Amines, Fatty Amines, Specialty Amines, and Ethanol Amines.

Regional Analysis:

By region, the global amines market has been segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

APAC is expected to domineer the global amines market both in terms of value as well as volume. Rapid industrialization purveyed by the availability of relatively cheap labor and ease of operations has induced high demand for amines across various industry verticals. Moreover, growing disposable income in the emerging economies of the region is expected to result in heightened demand for amines market end use products which will further drive the market growth in the region.

North America market will be driven by persistent demand for amines from the well-established personal care products industry. The Europe and Row markets is anticipated to account for relatively lesser share of the global amines market.

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