IMARC Group, a leading market research company, has recently released a report titled “Amines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global amines market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What Are The Growth Prospects Of The Amines Industry?

According to the report, The global amines market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

What is Amines?

Amines are colorless, less volatile organic compounds derived from ammonia by replacing hydrogen atoms with an aryl or alkyl group. They are widely utilized as water softeners and corrosion inhibitors in the manufacturing of rubber, synthetic resins, fibers, and azo dyes. They are also extensively used in crop protection chemicals, personal care products, pharmaceuticals, coatings, paints, and wastewater and gas treatment for eliminating carbon dioxide (CO2) from natural gas.

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What are the growth prospects and trends in the Amines industry?

Significant growth in the agriculture sector represents one of the key factors propelling the use of amines in the manufacturing of crop protection substances. These substances protect crops against parasites, fungal infections, and soil-borne rodents. Besides this, the rising prevalence of chronic disorders, such as hypertension, diabetes, and cholesterol, is driving the application of amines in the healthcare industry. Furthermore, rising accidents and the increasing number of individuals undergoing surgical intervention are positively influencing the demand for anesthetic drugs, which, in turn, is strengthening the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

  • Ethanolamines
  • Fatty Amines
  • Alkylamines
  • Others

Breakup by Function:

  • Solvent
  • Chelating Agent
  • Corrosion Inhibitor
  • Bleach Activators
  • Surfactants
  • Others

Breakup by Application:

  • Agriculture
  • Gas Treatment
  • Petroleum
  • Water Treatment
  • Personal Care
  • Paints and Coatings
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Akzo Nobel N.V.
  • Arkema S.A.
  • BASF SE
  • Celanese Corporation, Dow Inc.
  • DuPont de Nemours Inc.
  • Huntsman Corporation
  • Lanxess AG
  • LyondellBasell Industries N.V.
  • Mitsubishi Gas Chemical Company Inc.
  • SABIC
  • Solvay S.A.

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