13 May 2019
Visiongain has launched a new chemicals report Amines Market Report 2019-2029: Market and Volume Forecasts By Application (Agrochemicals, Personal Care, Cleaning Products, Petroleum & Gas Treatment, Water Treatment, Pharmaceutical, Textile, Others) and by Chemical Type (Ethanolamine, Ethyleneamine, Alkyl Amine, Fatty Amine, Specialty Amine) with Regional Market Analysis and Financial Analysis of Leading Companies PLUS the Amines Recovery Market Forecast by Technique (Thermal Reclaiming, Ion Exchange, Electrodialysis), by Product (MDEA 99%, MDEA 97%, MDEA 95%, Others) and by End-User (Oil & Gas, Textiles, Medical, Paints & Coatings, Others).
Amines have given a consistent performance and have proven to be among the most versatile and cost-effective ground modification materials. Their expansion has been rapid in recent years in the fields of personal care, petroleum & gas treatment, and agricultural enhancement. These amines come with a wide range of products. There are various amine grades which are developed by leading manufacturers to cater to specific application requirements of customers across the globe. Europe and Asia-Pacific region are expected to witness the highest growth in the coming years.
The growing population, increasing awareness about amine based products, and strong economic conditions are supporting the growth of the amines market. The penetration of amine products in the emerging regions is currently growing, which is expected to grow during the forecast period from 2019 to 2029. It is also supported by rising awareness about the benefits of amines in different vertical industries provided good prospects for growth of the market in the emerging regions. Furthermore, the demand for all the amines products is intensifying in specifically China, India, South East countries; and thus the demand in the Asia-Pacific region is also expected to rise subsequently.
The Visiongain report analyst commented "Amines market is expected to witness a high growth on account of ongoing plans of many companies in various sectors toward maintaining temperature. Continuous advancements in amines have enabled the development of more efficient processed products such as agrochemical, personal care, cleaning and textiles; this will boost the demand for Amines globally. The applications of Amines have already pervaded many industries, bringing potential benefits that have been predicted to double the annual economic growth rate in several developed economies in the future." The potential amines growth is led by the recent investments in the emerging markets in the Asia-Pacific region, namely, China, India, and Southeast Asian countries.
Leading companies featured in the report who are developing Amines technology include BASF SE, DowDuPont Inc. Company, AkzoNobel N.V., Evonik Industries, Huntsman Corporation, Eastman (Taminco), Arkema, Tosoh Corporation, The Chemours Company, Nippon Shokubai and other international players in the amines chemical market.
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