Amines Market Estimates, Product Benchmarking, Segmentation
Forecast 2014-2025
“Amines Market size was estimated at USD 14.4 billion in 2016 and is
anticipated to reach USD 29.3 billion by 2025. Amines market is expected to
witness significant growth over the forecast period owing to increasing
application scope in personal care products, crop protection, paint & coatings,
surfactants and water treatment.”
Industry Insights
The global Amines Market size was estimated at USD 14.4 billion in 2016 and is anticipated to reach USD 29.3
billion by 2025. Amines market is expected to witness significant growth over the forecast period owing to
increasing application scope in personal care products, crop protection, paint & coatings, surfactants and water
treatment. Rising need for yield improvement among farmers coupled with growing agricultural industry
demand for fertilizers is projected to fuel the market growth over the next eight years.
India and China are anticipated to act as important countries to drive the growth primarily due to the rising end
user industry demand for amines as a raw material in manufacturing azo dyes and as an ingredient for making
drugs in pharmaceutical industry. Amine growing demand for gas treatment to remove hydrogen sulfide (H2S),
and carbon dioxide (CO2) from refinery process streams is also expected to bolster the market growth by 2024.
Furthermore, improving infrastructure growth in BRICS countries, and rising demand for heavy duty laundry
liquids are anticipated to propel the market demand over the forecast period. In addition, increasing cosmetic
products demand in developing markets of India and China coupled with growing personal care industry in
Germany is likely to boost the amines market over the next eight years. However, the increasing volatility in
crude oil prices has impacted the amines prices resulting in the rising demand for bio based molecules, thus
challenging the amines market growth by 2024.
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