Amines Market Size

Amines Market Size

Global Amines Market size was over USD 17 billion in 2020 and is estimated to grow at a CAGR of 8% from 2021 to 2027. The increasing adoption of modern agricultural practices and growing awareness among farmers regarding the importance of increasing crop yield per hectare of cultivable land area are likely to raise the demand for agrochemicals, in turn, escalating product demand.

Rising demand for paints & coatings from the construction sector owing to increasing residential construction & infrastructural development activities across the globe is expected to boost the product demand during the forecast period. Moreover, growing consumer awareness of the importance of presentable looks in both personal and professional spaces is likely to raise the demand for high-end cosmetic and personal care products.

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Amines are nitrogen-containing organic compounds derived by the substitution of one or more hydrogen atoms by an alkyl or aryl group. Different types of amines, such as ethanolamine, alkyl amine, ethylene amine, fatty amine, specialty amine, and Amino Methyl Propanol (AMP), are used in numerous commercial applications as a solvent, chelating agent, corrosion inhibitor, bleach activators, and surfactants, among others.
 

Smaller amines may cause health hazards, such as irritation to the skin and mucous membranes of the throat, lungs, eyes & nose, due to prolonged exposure. Increasing instances of acute health disorders including pulmonary edema result in shortened breath and gasping owing to prolonged exposure to allylamines. Moreover, evidence of clinical studies showing the formation of carcinogenic nitrosamines in cosmetic products containing diethanolamines may reduce the rate of acceptance of such products to some extent among consumers and hamper the amines market growth over the forecast timeframe.