Amines Market was valued at USD 16.2 Billion in 2018 and is projected to reach USD 30.4 Billion by 2026


Posted February 8, 2020 by jennysmith

Amines Market was valued at USD 16.2 Billion in 2018 and is projected to reach USD 30.4 Billion by 2026, growing at a CAGR of 8.2% from 2019 to 2026.

 
Amines Market Analysis
According to Verified Market Research, the Amines Market was valued at USD 16.2 Billion in 2018 and is projected to reach USD 30.4 Billion by 2026, growing at a CAGR of 8.2% from 2019 to 2026.

What are Amines?
Amines are organic compounds derived from ammonia in which either one, two, or all three hydrogen atoms are replaced by organic groups. Depending on the number of hydrogen atoms replaced by organic groups such as the aryl or alkyl group, they are called primary, secondary, and tertiary amines for one, two, and all three hydrogen atoms, respectively. Some amines are methylamine, dimethylamine, and trimethylamine. Some of the important amines include amino acids, biogenic amines, and aromatic amines (aniline). Aromatic amines are byproducts in manufacturing compounds of dyes, pesticides, polyurethane foams, and many others. Amines have the applications in pharmaceuticals for medicines and drugs, in crop protection, water purifications and in dyes.

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Global Amines Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The factors such as increasing use of amines in paints and coatings, surfactants and water treatment, crop protection in agriculture, personal care, and beauty products are propelling the global amines market growth. Moreover, the rising concerns among farmers about improvement in the crop yield is expected to bolster the global market growth. Besides, the increasing demand for FMCG products among consumers such as cosmetics and the adoption of modern agriculture practices for pesticides and various agrochemicals are some other factors augmenting the market growth. However, prolong exposure to amines causes the harmful side effect on the human body and the fluctuating raw material prices of amines are key factors stagnating the market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Amines Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Amines Market Competitive Landscape
The “Global Amines Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, Akzonobel N.V, Clariant AG, The DOW Chemical Company, Huntsman Corporation, Tosoh Corporation, Mitsubishi Gas Chemical Company, Oxea GmbH, Delamines B.V, and Taminco.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Amines Market, By Type
• Ethanol Amines
• Fatty Amines
• Alkylamines
• Others

Amines Market, By Application
• Crop Protection
• Gas treatment
• Personal Care
• Water Treatment
• Others

Amines Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World

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Issued By vmr
Country United States
Categories Business , Industry , Marketing
Tags amines , amines market , amines market trends
Last Updated February 8, 2020