Global Amines Market Size By Type (Ethanolamine, Alkylamine, Ethylene Amine, Fatty Amine and Specialty Amine), By Application (Water Treatment, Cleaning, Agriculture, Personal Care, Paint & Coatings, Pharmaceuticals, Petroleum, Gas Treatment, Others), By Function (Solvent, Chelating Agent, Corrosion Inhibitor, Bleach Activators, Surfactants, Others) Industry Analysis Report, Country Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI4838  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 240   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global Amines Market size was over USD 16.24 billion in 2019 and is estimated to grow over 8.4% CAGR between 2020 and 2026 owing to increasing awareness regarding personal health and hygiene and use of high-quality personal care products. Increasing demand from agricultural sector coupled with rising awareness regarding use of advanced agricultural techniques to promote the market growth in the coming years.

Amines are an important class of organic chemicals produced by replacing one or more hydrogen atoms in ammonia using aryl/alkyl groups. They are widely found in many biologically active compounds. The market for amines is expanding with growing utilization in petroleum applications. 

Increasing demand for amines as an important ingredient in pharmaceutical formulations coupled with the rising prevalence of chronic health disorders such as diabetes, blood pressure, cholesterol and heart problems, among others is likely to raise the amines market demand. The increasing demand for amines as a solvent in manufacturing paint and coatings coupled with the surging use of paint and coatings in automotive and construction industries is expected to drive the market growth.

Amines Market Statistics

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According to statistical data released by the European Coatings, paint and coatings sector was valued at around USD 160 Billion in 2019 which is expected to foster the amines market growth.

The increasing consumer awareness regarding the need for personal grooming coupled with the escalating use of cosmetic products to look more presentable in personal & professional life is likely to provide demanding opportunities in personal care products. Furthermore, the rising consumer awareness regarding the need to maintain personal health and hygiene owing to increasing occurrence of pandemics such as COVID-19 is likely to attract consumer attention towards the use of cleaning agents and disinfectants, which contain amines.

The increasing use of pesticides and insecticides in crop cultivation may further raise the amines market share from the agricultural sector, especially in developing nations where agriculture is the major source of income for population.

However, exposure to amines for prolonged periods of time may result in certain health disorders. Allyl amines have been defined as a hazardous substance by the New Jersey Department of Health and Senior Services. Prolonged exposure to allyl amines can cause various health hazards such as irritation and burning of skin and eyes, irritation of nose and throat, coughing and shortness of breath and damage to liver, kidneys and nervous system.

Besides, extended exposures to allyl amines can also result in pulmonary edema, a medical condition with severe shortness of breath. These health hazards associated with the exposure to allyl amines for long duration of time are expected to pose a challenge to the use of amines in different end use applications.

Global Amines Market Report Coverage
Report Coverage Details
Base Year:2019Historical Data for:2015 to 2019
Market Size in 2019:16.24 (USD) BillionForecast Period:2020 to 2026
No. of Pages:240
Tables, Charts & Figures:269
Geographies covered (5):North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Segments covered:Type, Application, Function
Growth Drivers:
  • Asia Pacific: Increasing use of advanced farming practices such as use of high-quality crop protection chemicals. Increasing industrialization and rising water treatment concerns
  • North America: Increasing demand from pharmaceutical sector
  • Europe: Increasing use of personal care and grooming products
Pitfalls & Challenges:
  • Health hazards of amines on prolonged exposure.

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Increasing demand from end use applications such as agrochemical production, wood preservation, construction, personal care products and gas treatment to propel the amine industry

Amines Market by Ethanolamines Type

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The market is segmented by type into ethanolamines, alkylamines, ethylene amines, fatty amines and specialty amines. Ethanolamine segment type is expected to reach USD 13.14 billion by 2026 growing at a CAGR of 8.3% throughout the forecast period. The increasing deployment of ethanolamines in a diverse range of end use applications such as agrochemical production, and gas treatment is likely to boost the amines market growth. Furthermore, the surfactant properties of ethanolamine make it an ideal fit for various personal care products such as shampoos, soaps, creams and other cosmetic preparations.

It is an important ingredient in wood preservative formulations to enhance the life cycle of wood products, thus promoting its demand from architectural sector. The increasing use of triethanolamine to produce cement grinding aids and performance enhancers, which reduce energy consumption during the manufacturing process of cement and improve the cement quality is expected to raise the amines market amines market demand from construction industry.

Increasing applications in pharmaceutical industry to trigger the business growth

Amines Market by Pharmaceutical Application

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The market by application is segmented into water treatment, cleaning, agriculture, personal care, paint & coatings, pharmaceutical, petroleum, gas treatment and others. The increasing use of morphine and demerol, which contain amines as analgesics and pain killers is likely to raise the product demand from pharmaceutical formulations.

Besides, amines are also used in manufacturing novocaine which is used as anaesthetic and Ephedra which is commonly used as a decongestant. The increasing use of recreational drugs such as methamphetamines and amphetamines which contain amines to treat acidity is expected to augment the amines market revenue.

Pharmaceutical application is expected to reach USD 5.26 billion by 2026 from around USD 3 billion in 2019, growing at a CAGR of 8.5% over the assessment period. The properties of amines of being a rich source of amino acids which regulate the vitamin levels in human body and as stimulants for neurotransmitters like serotonin may further foster the amines market sale.

Surfactant properties of amines to foster the industry growth

Amines Market by Surfactant Function

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The growth of the market should be primarily driven by the excellent surfactant properties and foaming nature of amines. The excellent surfactant properties of amines make it suitable for use in different personal care products such as shampoos, soaps, creams and other cosmetic formulations. The rising disposable income of people coupled with the awareness regarding personal grooming and presentable looks is likely to boost the amines market demand from personal care applications.

Surfactant function is expected to surpass USD 9 billion by 2026 growing at a CAGR of 8.8% during the review period. The surfactant and foaming properties of amines make them an ideal choice for manufacturing various cleaning agents and detergents. The spread of various bacterial and viral infections such as the spread of COVID-19 is likely to raise the amines market trends from laundry detergents and surfactants in the coming years.

Increasing use of modern agricultural techniques for crop protection & rising demand from water treatment sector to escalate the business growth in Asia Pacific

Amines Market by Region

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Asia Pacific is expected to reach USD 12.5 billion by 2026 growing at a CAGR of 9.1% over the forecast period owing to increasing application of the product in manufacturing various crop protection chemicals such as pesticides, insecticides, and herbicides, among others. For instance, diethanolamine is one of the key raw materials in manufacturing glyphosate to improve the quality of this herbicide.

Increasing use of modern agricultural techniques for crop protection such as use of high-quality crop protection chemicals is expected to drive the amines market growth in the region. Increasing industrialization in countries such as China, Japan and India is creating water treatment concerns, which may raise the product demand from water treatment sector.

Growth strategies such as capacity expansion and new product development among industry participants to accelerate market competitiveness

Key players operating in the amines industry are BASF SE , Alkyl Amines & Chemicals Ltd , Huntsman Corporation , Evonik Industries, Hexion Inc., Balaji Amines, AkzoNobel N.V. , DowDuPont, Daicel Chemical Industries Ltd, Corbion, Volant-Chem Corp., Lonza Corporation, Koei Chemical Company Limited, NOF Corporation and Luxi Chemical Co., Ltd.  Key players are engaging in growth strategies such as capacity expansions to meet the increasing consumer demands. Players are also focusing on new product development to enhance their existing product portfolio.

In April 2019, BASF SE started the expansion of its production facility for alkylethanolamines in Ludwigshafen, Germany. This strategic initiative will enable the company to produce more than 110,000 metric tons of alkylethanolamines per year. It will also enable the company to expand its customer base in Europe, particularly in the Water- and Gas Treatment industries. 

In July 2020, Balaji Amines has invested USD 20-23 million for construction of a new ethyl amine manufacturing plant in India which would be the biggest manufacturing facility for ethyl amines in India. Also, it will reduce the dependence on foreign countries for the import of dimethyl carbonate, a byproduct of ethyl amines.

The global amines market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:

By Type

  • Ethanolamine
  • Alkylamine
  • Ethylene Amine
  • Fatty Amine
  • Specialty Amine

By Application

  • Water Treatment
  • Cleaning
  • Agriculture
  • Personal Care
  • Paint & Coatings
  • Pharmaceuticals
  • Petroleum
  • Gas Treatment
  • Others

By Function

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

The above information has been provided for the following countries:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Frequently Asked Questions (FAQ) :

In 2019, the global amines industry revenue was over USD 16.24 billion and is projected to grow at over 8.4% CAGR through 2026.
The Ethanolamine segment is anticipated to grow at 8.3% CAGR and reach around USD 13.14 billion by 2026, further boosting the industry growth.
The Pharmaceutical application is valued at USD 3 billion in 2019 and is projected to reach USD 5.26 billion by 2026 with an 8.5% CAGR.
The Asia Pacific amines market size is estimated to reach USD 12.5 billion by 2026 while growing at over 9.1% CAGR due to the increasing application of the product in numerous crop protection chemicals like insecticides, pesticides, herbicides, etc.

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Premium Report Details

  • Published Date: Oct 2020
  • Pages: 240
  • Tables: 244
  • Charts / Figures: 25
  • Companies covered: 15
  • Countries covered: 5

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