Global Industry Insight: Amines Market Size, Share, Development, Growth and Demand Forecast to 2022

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. Among the various types of amines, the ethanolamines segment held the largest share in the global amines market in 2015, and it was followed by alkylamines, fatty amines, ethyleneamines, and specialty amines, in terms of volume and value. The specialty amines segment is projected to witness the highest growth in the global amines market during 2016-2022. Similarly, among the various applications, the personal care segment accounted for the largest consumption of amines in 2015. The agriculture application segment is projected to be the second fastest growing segment after the ‘other’ segment.

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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). Synthetically, amines may be manufactured through two broad methods – chemical reduction of organic nitrogen compounds and reaction of amines or ammonia with organic compounds. Amines are categorized into four major subcategories; primary amines, secondary amines, tertiary amines and cyclic amines. Commercially, amines are used in several applications such as in herbicide formulations; chemical intermediate for fungicide and algaecide products and adhesive chemicals; cement and concrete production; chelating agents; corrosion inhibitors; for gas treatment; manufacturing of ion exchange resins; petroleum production and refining operation; pharmaceuticals; surfactants, wood treatment; and water treatment.

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. The presence of large number of players in the Chinese amines market and increasing investment for the development of amines by major manufacturers are the key drivers for the growth of the amines market in the country.

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GLOBAL AMINES MARKET SEGMENTATION:
By Type

Ethanolamines
Alkaylamines
Specialty Amines
Fatty Amines
Ethyleneamines
By Application

Agricultural Chemicals
Gas Treatment
Cleaning Products
Personal Care
Petroleum
Water Treatment
Others
By Region

North America
U.S.
Canada
Europe
Germany
Italy
France
U.K.
Russia

Asia-Pacific
China
India
Japan
Rest of the World
Brazil
Mexico

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