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Amines are used as corrosion resistant in petroleum industry, construction industry and chemical-manufacturing industry and in engineering tools manufacture. In pharmaceutical industry they are used in antibiotics, CNS drugs, antithelmintics, antifungals and neoplastic chemotherapy. They are also used in cosmetics and toiletries industries to manufacture fabric softeners, personal-care products, textile manufacturing, gas treatment and dishwater detergents. They are also used as color reprography, dyes and in agrochemicals.
The major products of amines are ethanolamines, alkylamines, fatty amines, speciality amines and ethyleneamines. Out of these products, ethylamine accounts for the greatest share as it has large variety of applications in agrochemicals, plastics, dyes, rubber industry and textiles. The demand for fatty amines is running high owing to its increasing applications.
The total global amines market was around USD 11 billion in 2014. North America is the leading market for amines followed by Asia pacific. The market for the amines is growing considerably in the developing countries, as the rising consumer increases the demand for FMCGs like cosmetics and also the modernization of agriculture is increasing the demand for pesticides and agro-based chemicals.
The leading manufacturers of amines globally are BASF, Balaji Amines, DOW chemicals, Sinopec, DuPont, Huntsman, Chemutra Corporation, Akzo Nobel and Arkema.
One of the major drivers is the growing middle class population in the developing countries as this would increase the demand for the cosmetics, toiletries and pharmaceutics. Another important driver is the growth of the construction industry and chemical-manufacturing industry as amines are used in making paints and corrosion resistant paints. The growth of agriculture industry would increase the demand for agrochemicals and so would be driver for amines market.
One of the major challenge this market is facing is the volatile prices of raw materials. The usage of amines is accompanied by harmful environmental effects, hence stricter environmental regulations would reduce the consumption and production of amines, which is a threat to this market.
WHAT THIS REPORT CONTAINS:-
Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various types and end use applications of Amines have been discussed in detail in addition to a comprehensive overview of the market.
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8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
8.2 Balaji Amines
8.3 Dow Chemicals
8.7 Chemutra Corporation
8.8 Akzo Nobel
8.10 Alkyl Amines
8.12 Taminco Corporation
8.13 Solvay SA
8.19 Medichem Life Sciences
8.20 Air Products and Chemicals
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