New York
City, 29 January 2019: The global Amines Market size is anticipated to
reach over USD 33.3 billion by 2026, according to a new study published by
Polaris Market Research. In 2017, the personal care segment dominated the
global amines industry, in terms of revenue. Asia-Pacific was the leading
contributor to the global market revenue in 2017.
The use of amines in wide applications
such as personal care, crop protection chemicals, paints and coatings,
surfactants, and beauty products majorly drives the growth of the market.
Growing awareness regarding personal care and increasing disposable income,
especially in developing regions, is boosting the overall amines industry
growth. Increasing demand of amines from pharmaceutical, and construction
sectors among others augment the growth of amines industry. Technological
advancements and increasing applications in healthcare, pharmaceuticals and
water treatment sectors would provide growth opportunities to the amines
industry during the forecast period. New emerging markets, emerging consumer
demographics, and technological advancements would accelerate the growth of
this market in the coming years.
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The personal care segment is expected
to lead the market during the forecast period owing to wide applications in the
industry. Amines are used in various personal care products, such as soaps,
shaving creams, hand lotions, body washes, shampoos, laundry detergents,
cosmetics, cosmetic creams, fragrances, and hair dyes, among others. Increasing
disposable income and rising awareness regarding personal hygiene boosts the
growth of this segment. Growing demand from emerging economies, and growth of
e-commerce platforms are factors expected to provide numerous growth
opportunities in the coming years.
Competitive
Landscape and Key Vendors:
Asia-pacific is
expected to lead the global amines industry during the forecast period. A
significant rise in the population has been registered over the past few years,
boosting the growth of the amines industry. Increasing awareness regarding
personal care and hygiene, and rising disposable incomes in developing
countries of this region augments the market growth in the region. Increasing
application of amines in healthcare and pharmaceutical also supports amines
market growth in this region. Use of amines in agriculture, construction, and
water treatment further increases the demand of amines in Asia-Pacific. Leading
global players are expanding their presence in developing nations of China,
Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered
by these countries.
The well-known companies profiled in
the amines market report include Clariant International Ltd., Mitsubishi Gas
Chemical Company, Inc., Solvay S.A., DowDuPont, BASF SE, Air Products and
Chemicals Inc., Arkema S.A., Huntsman Corporation, Sinopec Corporation, and
Akzo Nobel N.V. These companies launch new products and collaborate with other
market leaders to innovate and launch new products to meet the increasing needs
and requirements of consumers.
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