The global amines market size reached USD 21.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 31.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.2% during 2025-2033. The rising market demand for amines in pharmaceuticals, agrochemicals, and personal care products, along with advancements in manufacturing technologies are some of the major factors propelling the market growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 21.5 Billion |
Market Forecast in 2033
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USD 31.7 Billion |
Market Growth Rate 2025-2033 | 4.2% |
Increasing Industrial Applications
Amines are essential in various industrial applications, including the production of agricultural chemicals, pharmaceuticals, and water treatment chemicals. Their role in manufacturing herbicides, pesticides, and drug synthesis is fueling the product demand. Balaji Amines, a key manufacturer in India, announced plans to set up a separate plant for methylamines to meet the growing demand for methylamines and related value-added products from the pharmaceuticals and agriculture industries. The proposed plant is likely to be commissioned in FY 2024-25 with a capacity of 40,000 TPA. Such initiatives are projected to create a positive market outlook.
Growing Construction Sector
The construction industry’s growth, driven by urbanization and infrastructure development, boosts the demand for amines. Amines are used to produce epoxy resins, which are essential for coatings, adhesives, and flooring materials. Their increasing use in construction materials and industrial coatings supports market growth. As per industry reports, global construction spending is anticipated to reach around $22 trillion by 2040, increasing from about $13 trillion in 2023. Consequently, the increasing use of amines in construction materials and industrial coatings will continue to be pivotal in supporting market growth.
Rising Demand in Automotive and Electronics
Amines are used in various automotive and electronics applications, including fuel additives, lubricants, coatings, and electronic component production. The expansion of the automotive and electronics sectors, driven by technological advancements and consumer demand, contributes significantly to the amines market growth. Furthermore, as vehicle production increases globally, particularly with the growing popularity of electric vehicles (EVs), the demand for high-performance materials including rubber and coatings is witnessing an uptick. In addition, in the electronics sector, amines are crucial in the production of semiconductors, photoresist materials, and epoxy resins which are essential for manufacturing electronic components such as printed circuit boards (PCBs) and microchips. With the exponential growth of the electronics industry driven by the demand for consumer electronics, smart devices, wearables, and automotive electronics (in autonomous and electric vehicles), the market is witnessing a significant revolution.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product, function, and application.
Breakup by Product:
Ethanolamines account for the majority of the amines market share
The amines market research report has provided a detailed breakup and analysis of the market based on the product. This includes ethanolamines, fatty amines, alkylamines, and others. According to the report, ethanolamines represented the largest segment.
Ethanolamines dominate the market due to their versatile applications across multiple industries. They are widely used in the production of surfactants, detergents, and personal care products, making them integral to household and industrial cleaning sectors. Ethanolamines are also critical in gas treatment, where they help remove impurities, and in the production of herbicides and pharmaceuticals. Their role in cement production as a grinding aid further boosts the amines market demand, thereby solidifying ethanolamines' leading position in the market across the globe.
Breakup by Function:
Solvents hold the largest share of the industry
A detailed breakup and analysis of the market based on the function have also been provided in the report. This includes solvents, chelating agent, corrosion inhibitor, bleach activators, surfactants, and others. According to the report, solvents accounted for the largest market share.
Solvents dominate the market because of their extensive use across various industries, particularly in pharmaceuticals, agrochemicals, and chemical processing. Amines serve as efficient solvents in organic synthesis, aiding in the production of drugs, dyes, and resins. Their ability to dissolve a wide range of substances makes them valuable in the formulation of coatings, adhesives, and cleaning agents. Additionally, amines are crucial in gas treatment processes, such as carbon capture, where they effectively absorb gases, driving their demand as solvents.
Breakup by Application:
Agriculture represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes agriculture, gas treatment, petroleum, water treatment, personal care, paints and coatings, and others. According to the report, agriculture represented the largest segment.
Agriculture exhibits a clear dominance in the market due to its extensive use in producing agrochemicals like herbicides, pesticides, and fertilizers. Amines are vital for improving crop yield, controlling weeds, and enhancing soil health. As global food demand rises, the need for efficient and sustainable farming practices increases, driving the demand for amine-based products. Additionally, the focus on improving agricultural productivity and protecting crops against pests positions agriculture as a key sector driving the growth of the market.
Breakup by Region:
Asia Pacific leads the market, accounting for the largest amines market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for amines.
The expanding agricultural sector in the Asia Pacific region, which relies on amine-based agrochemicals to boost crop production, is driving the market growth across the region. Additionally, the rising demand for personal care products and cosmetics, where amines are used in formulations, contributes to market growth. According to the IBEF, the Indian personal care and cosmetics market share is expected to grow to USD 20 Billion by 2025 with a CAGR of 25. This growth is expected to significantly increase the demand for amines in the coming years. The rapid industrialization in countries like China and India has fueled the demand for amines in water treatment, surfactants, and chemical processing industries. Furthermore, the growing automotive sector drives the use of amines in coatings, adhesives, and fuel additives. Increasing urbanization and population growth further amplify demand for amine-based products across multiple industries.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the amines industry include:
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
The amines market is highly competitive, with several key players dominating through product innovation, strategic mergers, and expansions. For instance, BASF strengthened its partnership with OQEMA, one of Europe’s leading chemical distributors, about BASF’s standard amines portfolio, excluding ethanolamines in the UK and Ireland. The companies have held a productive partnership in Germany and Eastern Europe for over two decades, and now intends to collaborate in the UK, combining OQEMA’s extensive distribution and sales network and in-depth local market knowledge with BASF’s ability to deliver high-quality, competitively priced products at scale. Emerging players in Asia Pacific, particularly in China and India, are also gaining ground, driven by the regional demand and low production costs. The market remains dynamic, with a growing emphasis on sustainable and specialty amine products.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered | Ethanolamines, Fatty Amines, Alkylamines, Others |
Functions Covered | Solvent, Chelating Agent, Corrosion Inhibitor, Bleach Activators, Surfactants, Others |
Applications Covered | Agriculture, Gas Treatment, Petroleum, Water Treatment, Personal Care, Paints and Coatings, Others |
Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Akzo Nobel N.V., Arkema S.A., BASF SE, Celanese Corporation, Dow Inc., DuPont de Nemours Inc., Huntsman Corporation, Lanxess AG, LyondellBasell Industries N.V., Mitsubishi Gas Chemical Company Inc., SABIC, Solvay S.A., etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global amines market was valued at USD 21.5 Billion in 2024.
We expect the global amines market to exhibit a CAGR of 4.2% during 2025-2033.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various end-use industries for amines.
The rising adoption of amines across the agriculture sector to formulate chemicals for crop protection is primarily driving the global amines market.
Based on the product, the global amines market can be categorized into ethanolamines, fatty amines, alkylamines, and others. Currently, ethanolamines account for the majority of the global market share.
Based on the function, the global amines market has been segregated into solvent, chelating agent, corrosion inhibitor, bleach activators, surfactants, and others. Among these, solvent currently holds the largest market share.
Based on the application, the global amines market can be bifurcated into agriculture, gas treatment, petroleum, water treatment, personal care, paints and coatings, and others. Currently, the agriculture sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global amines market include Akzo Nobel N.V., Arkema S.A., BASF SE, Celanese Corporation, Dow Inc., DuPont de Nemours Inc., Huntsman Corporation, Lanxess AG, LyondellBasell Industries N.V., Mitsubishi Gas Chemical Company Inc., SABIC, and Solvay S.A.