Amines Market Overview:

Amines Market is valued at USD 18.8 billion in 2027 and is estimated to grow at a CAGR of 7.8% in 2022-2027. Amines are broadly defined as a functional group of a nitrogen atom with a lone pair in organic chemistry. Amines are derived from ammonia, where hydrogen atoms are replaced with alkyl or aryl groups. Inorganic chemistry, most amines are alkyl, trimethylamines, and arylamines, like aniline, the most common aryl or aromatic amine. While it is often used extensively in organic chemistry, inorganic amines are a common exatypicaleing monochloramine. Amines are the primary building blocks of our daily lives, being used in almost every aspect, like pharmaceuticals, textiles, personal care and cosmetics, and agriculture. The amines used daily are most commonly biogenic amines essential for natural metabolic and physiological functions. In this report, we will look at the various segmentations of the Amines Market and analyze the Market landscape, drivers, and challenges.

COVID-19 Impact 

During the COVID-19 Pandemic, the supply chain was heavily disrupted, and production facilities were non-functional. As a result, during the COVID-19 Pandemic, many end-use industries using amines, such as paints and coatings, personal care and cosmetics, textiles, and so on, were affected. According to the International Trade Centre (ITC), consumer demand for textiles and apparel fell by 11% internationally in 2020, while textile machinery sales fell by 44% overseas, according to the Italian Textile Machinery Manufacturers Association. A similar pattern emerged in the other industries. However, during the Pandemic, the pharmaceutical sector saw a rise in demand. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the Pharmaceutical Industry in North America saw a growth of 3.3% in 2020, while Europe saw an increase of 3.9%. Amines are an essential feedstock for pharmaceuticals; therefore, even while demand for other end-use industries fell, demand for amines surged in the pharmaceutical industry. 

Report Coverage

The report: "Amines Market – Forecast (2022-2027)" covers an in-depth analysis of the following segments of the Amines Market.

By Type: Ethanolamines, Alkylamines, Fatty Amines, Specialty Amines, Ethyleneamines, Aromatic Amines, Others

By Function: Solvents, Corrosion Inhibitors, Catalysts, Surfactants, Others.

By Application: Water Treatment, Gas Treatment, Cleaning Products, Adhesives, Paints, Polymers and Resins, Agrochemicals, Petrochemical, Cosmetics, Rubber, Others.

By End-Use Industry: Agriculture Industry, Paints & Coatings, Pharmaceutical Industry, Oil & Gas Industry, Textile Industry, Automotive Industry, Personal Care and Cosmetics, Others

By Geography: North America, Europe, Asia-Pacific, South America, RoW

Key Takeaways

• The Asia-Pacific region holds the largest share in the amines market primarily due to the growth and dominance of the Agriculture and Personal Care Industry.
• Ethanolamines are a versatile form of amine that possesses the properties of both primary alcohol and primary amine.
• Amines are primarily used as solvents for fats and oils and in conjunction with fatty acids to form emulsions.
• The increase in demand and the growth of the Pharmaceutical Industry prove to be a driver for the Amines Market.

Drivers - Amines Market 

The increase in quality and growth of the Pharmaceutical Industry: The pharmaceutical industry is growing exponentially, and there has never been a higher need for drugs than there is now during the COVID-19 Pandemic. Amines are at the forefront of medication discovery, and the growing demand for pharmaceuticals has increased the demand for Amines in the market. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the United States of America (USA) spent USD 64,357 million on pharmaceutical research and development in 2019, while Europe spent EUR 39,000 million (USD 45,380 million) in 2020. This is one of the primary drivers for the Amines Market.

Opportunity - Amines Market 

• Bio-based Amines:

Amines are essential intermediates in the chemical industry because of their nucleophilic properties, which give them a high reactivity. Despite the increased interest in biobased monomers and polymers, especially polyamides, it is essential to note that natural amines are scarce. In 2019, Nouryon announced the launch of a new technology platform for the production of biobased ethylene amines and derivatives. The technique, based on ethylene oxide, enables Nouryon to expand its ethylene amine product portfolio by allowing for selective manufacturing of a wide range of end products.

Challenges - Amines Market 

• Harmful Effects of Amines and Amine-based Chemicals on health:

While some amines, particularly biogenic amines, are beneficial to the human body and are required, several amines are harmful to the human body. Triethylamine and N N-dimethyl ethylamine are two examples of these amines employed mainly in the epoxy, foundry, and polyurethane foam industries. These amines have been linked to glaucoma, which causes eyesight blurring. Allyl Amines, which are employed in vulcanizing rubber, creating ion-exchange resins, and as an intermediary in pharmaceutical synthesis, are another hazardous type of amine. Allyl Amines are known to harm the liver and kidneys, and repeated exposure can also negatively affect the nervous system. These factors prove to be a challenge for the Amines Market.

By Type - Segment Analysis

Ethanolamines will hold a significant share in 2021. Ethanolamines are amines that form a bond with ethanol. It has the property of being both primary alcohol and a primary amine, making it one of a kind. Triethanolamine and diethanolamines are two common ethanolamine subgroups. Ethanolamines are utilized as raw materials in detergents, medicines, agrochemicals, and chemical intermediates, among other things. It's also used as a surfactant, corrosion inhibitor, and solvent. Its diverse nature also makes it beneficial in cosmetics for regulating pH. Alkylamines, also known as aliphatic amines, are another form of amine in which one of the hydrogen atoms is replaced by an alkyl group. Methylamine, ethylamine, and propylamine, for example, are substitutes for one, two, and three hydrogen atoms in ammonia, respectively. There are also fatty amines, where the amine is connected to a hydrocarbon chain, aromatic amines, which are linked to one or more aryl groups, and specialty amines.

By Function - Segment Analysis 

Solvents hold a prominent share in the function segment in 2021. It has the property of being both primary alcohol and a primary amine, making it one of a kind. Triethanolamine and diethanolamines are two common ethanolamine subgroups. Ethanolamines are utilized as raw materials in detergents, medicines, agrochemicals, and chemical intermediates, among other things. It's also used as a surfactant, corrosion inhibitor, and solvent. Its varied nature also makes it beneficial in cosmetics for regulating pH. Alkylamines, also known as aliphatic amines, are another form of amine in which one of the hydrogen atoms is replaced by an alkyl group. Methylamine, ethylamine, and propylamine, for example, are substitutes for one, two, and three hydrogen atoms in ammonia, respectively. Amines are also commonly used as catalysts in various processes and are used as corrosion inhibitors and surfactants.

By Application - Segment Analysis

Agrochemicals application held a significant share in 2021. Amines are an essential source of agricultural chemicals. Pesticides, herbicides, insecticides, and other chemicals containing them are employed mainly for crop protection. They are also utilized in fertilizers, emulsifiers, other chemical processes, and crop protection. The need for high-quality crops and food is constantly increasing, so amines are critical in sustaining product quality in the agriculture industry. According to the Ministry of Chemicals and Fertilizers, India's expected fertilizer production for 2020-2021 is 47.8 million metric tonnes, up 12.4% over the previous year. Amines are also used in water, gas, polymers and resins, petrochemicals, and other applications.

By End-Use Industry - Segment Analysis

Agriculture Industry held a prominent share in 2021. As mentioned above, agrochemicals see the most use of amines as it is used for various applications like pesticides, fertilizers, emulsifiers, and chemical processes. According to the Food and Agriculture Organization of the United Nations, the global agriculture market is recorded to have a seventh consecutive monthly increase in December 2020 of 2.3% from November and 3.1% year-on-year. The Pharmaceutical Industry is one of the fastest-growing industries regarding the demand for amines. This is because amines are used for various uses, such as producing drugs and solutions and emulsions. Some popular medicines that are amine-based are amphetamine, tramadol, atenolol, norepinephrine, etc. Other End-Use Industries include paints & coatings, oil & gas, automotive, textile, personal care & cosmetics, and more.

By Geography - Segment Analysis

Asia-Pacific region held the largest share in the Amines Market in 2021. This is because of the growth of critical industries in the Asia-Pacific region like the agriculture industry and the personal care and cosmetics industry. This is especially true for China and India, where their quality of life and disposable income has increased substantially. According to India Brand Equity Foundation (IBEF), the total food grain production in the country was estimated to be 296.65 million tons in the Fiscal Year 2020, which is an increase of 3.9% from FY 2019. According to the United States Department of Agriculture, China is the world's largest agricultural importer in 2019, with imports valued at USD 133.1 billion. According to the International Trade Administration, China's Personal Care and Cosmetics Market is valued at USD 42.8 billion in 2020 and is estimated to become the largest market within the next five years. Due to the growth and dominance of these markets in the Asia-Pacific region, the Amines Market is most prominent in Asia-Pacific.

Competitive Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Amines Market. The key companies in the Amines Market are

1. BASF SE
2. Arkema S.A.
3. Akzo Nobel N.V.
4. Dow Chemical Company
5. Mitsubishi Gas Chemical Company, Inc.
6. Huntsman Corporation
7. Solvay Group
8. Tosoh Corporation
9. Nouryon
10. Saudi Basic Industries Corporation (SABIC)

• On 10 June 2020, BASF SE and ExxonMobil Catalysts and Licensing LLC announced the launch of an energy-efficient amine gas treatment called OASE sulfexx. This revolutionary amine-based solvent is designed to remove hydrogen sulfide while minimizing the absorption of carbon dioxide from gas streams.

Global Amines Market Growth, Trend and Forecast 2022-2027

Chapter 1 Amines Market Overview

1.1 Product Overview and Scope of Amines

1.2 Amines Market Segmentation by Type

1.2.1 Global Amines Market Share of Amines by Type in 2022

1.2.2 Ethanolamines

1.2.3 Alkylamines

1.2.4 Fatty Amines

1.2.5 Specialty Amines

1.2.6 Ethyleneamines

1.2.7 Aromatic Amines, Others

1.3 Amines Market Segmentation by Function

1.3.1 Solvents

1.3.2 Corrosion Inhibitors

1.3.3 Catalysts

1.3.4 Surfactants, Others.

1.4 Amines Market Segmentation by Application

1.4.1 Water Treatment

1.4.2 Gas Treatment

1.4.3 Cleaning Products

1.4.4 Adhesives, Paints

1.4.5 Polymers and Resins

1.4.6 Agrochemicals

1.4.7 Petrochemical

1.4.8 Cosmetics

1.4.9 Rubber, Others.

1.5 Amines Market Segmentation by End-Use Industry

1.5.1 Agriculture Industry

1.5.2 Paints & Coatings

1.5.3 Pharmaceutical Industry

1.5.4 Oil & Gas Industry

1.5.5 Textile Industry

1.5.6 Automotive Industry

1.5.7 Personal Care and Cosmetics, Others

1.6 Amines Market Segmentation by Regions

1.6.1 North America

1.6.2 China

1.6.3 Europe

1.6.4 Southeast Asia

1.6.5 Japan

1.6.6 India

1.6. Global Market Size (Value) of Amines (2015-2028)

Chapter 2 Global Economic Impact on Amines Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Amines Market Competition by Manufacturers

3.1 Global Amines Production and Share by Manufacturers (2021 and 2022)

3.2 Global Amines Revenue and Share by Manufacturers (2021 and 2022)

3.3 Global Amines Average Price by Manufacturers (2021 and 2022)

3.4 Manufacturers Amines Manufacturing Base Distribution, Production Area and Product Type

3.5 Amines Market Competitive Situation and Trends

3.5.1 Amines Market Concentration Rate

3.5.2 Amines Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Amines Production, Revenue (Value) by Region (2015-2022)

4.1 Global Amines Production by Region (2015-2022)

4.2 Global Amines Production Market Share by Region (2015-2022)

4.3 Global Amines Revenue (Value) and Market Share by Region (2015-2022)

4.4 Global Amines Production, Revenue, Price and Gross Margin (2015-2022)

4.5 North America Amines Production, Revenue, Price and Gross Margin (2015-2022)

4.6 Europe Amines Production, Revenue, Price and Gross Margin (2015-2022)

4.7 China Amines Production, Revenue, Price and Gross Margin (2015-2022)

4.8 Japan Amines Production, Revenue, Price and Gross Margin (2015-2022)

4.9 Southeast Asia Amines Production, Revenue, Price and Gross Margin (2015-2022)

4.10 India Amines Production, Revenue, Price and Gross Margin (2015-2022)

Chapter 5 Global Amines Supply (Production), Consumption, Export, Import by Regions (2015-2022)

5.1 Global Amines Consumption by Regions (2015-2022)

5.2 North America Amines Production, Consumption, Export, Import by Regions (2015-2022)

5.3 Europe Amines Production, Consumption, Export, Import by Regions (2015-2022)

5.4 China Amines Production, Consumption, Export, Import by Regions (2015-2022)

5.5 Japan Amines Production, Consumption, Export, Import by Regions (2015-2022)

5.6 Southeast Asia Amines Production, Consumption, Export, Import by Regions (2015-2022)

5.7 India Amines Production, Consumption, Export, Import by Regions (2015-2022)

Chapter 6 Global Amines Production, Revenue (Value), Price Trend by Type

6.1 Global Amines Production and Market Share by Type (2015-2022)

6.2 Global Amines Revenue and Market Share by Type (2015-2022)

6.3 Global Amines Price by Type (2015-2022)

6.4 Global Amines Production Growth by Type (2015-2022)

Chapter 7 Global Amines Market Analysis by Application

7.1 Global Amines Consumption and Market Share by Application (2015-2022)

7.2 Global Amines Consumption Growth Rate by Application (2015-2022)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Amines Manufacturing Cost Analysis

8.1 Amines Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labor Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Amines

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Amines Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Amines Major Manufacturers in 2022

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Amines Market Forecast (2022-2028)

12.1 Global Amines Production, Revenue Forecast (2022-2028)

12.2 Global Amines Production, Consumption Forecast by Regions (2022-2028)

12.3 Global Amines Production Forecast by Type (2022-2028)

12.4 Global Amines Consumption Forecast by Application (2022-2028)

12.5 Amines Price Forecast (2022-2028)

Chapter 13 Appendix