Global Amines Market to Reach USD 31.7 Billion by 2033, Propelled by Considerable Developments in Agriculture Industry

December 24, 2024 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Amines Market Report by Product (Ethanolamines, Fatty Amines, Alkylamines, and Others), Function (Solvent, Chelating Agent, Corrosion Inhibitor, Bleach Activators, Surfactants, and Others), Application (Agriculture, Gas Treatment, Petroleum, Water Treatment, Personal Care, Paints and Coatings, and Others), and Region 2025-2033”, the global amines market reached a value of USD 21.5 Billion in 2024. Amines are nitrogen-containing organic compounds that are produced by substituting hydrogen atoms in ammonia molecules with alkyl or aryl groups. When ammonia reacts with organic groups or oxygen atoms, they are replaced with hydrogen, thereby forming amines. They are characterized by their colorless nature and low volatility. These chemicals act as catalysts or chemical intermediaries that can accelerate chemical reactions in numerous end-use industries. Apart from this, they are also used for removing carbon dioxide (CO2) from natural gas, formulating crop protection chemicals, and manufacturing pharmaceuticals.

Global Amines Market Trends:

The global market is majorly driven by the continual developments in the agriculture industry. This can be attributed to the rising adoption of crop protection chemicals and pesticides among farmers. In line with this, the increasing awareness regarding the importance of using personal care products among the masses is propelling the market. Moreover, the rapid utilization of amines as a solvent in medicinal and anesthetic drugs is providing an impetus to the market growth. Apart from this, the escalating product demand in various applications of construction and residential sectors is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization and industrialization, the growing prevalence of chronic diseases, and extensive research and development (R&D) activities conducted by key players. Looking forward, the market value is projected to reach USD 31.7 Billion by 2033, expanding at a CAGR of 4.2% during 2025-2033.

Market Summary:

Based on the product, the market has been segmented into Ethanolamines, Fatty Amines, Alkylamines, and others.
On the basis of the function, the market has been categorized into solvent, chelating agent, corrosion inhibitor, bleach activators, surfactants, and others.
Based on the application, the market has been classified into agriculture, gas treatment, petroleum, water treatment, personal care, paints and coatings, and others.
On the geographical front, the market has been segregated into 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 Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product, Function, Application, Region
Region 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 and Solvay S.A.
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)

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Global Amines Market to Reach USD 31.7 Billion by 2033, Propelled by Considerable Developments in Agriculture Industry

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