Amines Market Global Outlook, Size, Status, and Demand Analysis Forecast to 2023


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The global amines market is growing, due to the high growth from end-user industries and huge developments in the developing economies across the globe. The amines have several applications in different industries including agricultural, personal care  and petroleum; therefore a high demand for amines is projected during the forecast period.

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Amines are the nitrogen containing organic compounds that are derived from ammonia (NH3). Amines are either naturally found or synthetically manufactured. Some of the naturally occurring amines are alkaloids (present in some plants), catecholamine neurotransmitters, and histamine (found in most animal tissues).

The developing economies of Asia-Pacific and Latin America, such as India, China and Brazil, and new amines grades in the market would offer ample opportunities for the growth of the amines market. The key manufacturers of amines may expand their geographical presence as well as their product portfolio in emerging economies to exploit the revenue generation opportunities in these countries.

Amines

Geographically, Asia-Pacific held the largest share in the global amines market in 2015, owing to the high demand from agricultural and personal care industries. China dominated the Asia-Pacific amines market in 2015, and it is anticipated to retain its dominance during 2016 – 2022.

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Some of the key players operating in the global amines market include BASF SE, Akzo Nobel N.V., The Dow Chemical Company, Clariant, Huntsman Corporation, Mitsubishi Gas Chemical Company Inc., OXEA, Taminco (a subsidiary of Eastman Chemical Company), Tosoh Corporation, and Arkema Group.

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