Amines Market By Type (Primary Amines, Secondary Amines, Tertiary Amines) , By Application (Agriculture, Cleaning, Gas Treatment, Personal Care, Petroleum, Waste Treatment, Pharmaceuticals, Paints and Coatings, Others) : Global Opportunity Analysis and In

Amines Market By Type (Primary Amines, Secondary Amines, Tertiary Amines) , By Application (Agriculture, Cleaning, Gas Treatment, Personal Care, Petroleum, Waste Treatment, Pharmaceuticals, Paints and Coatings, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2030

The amines market was valued at $21.4 billion in 2023, and is projected to reach $35.7 billion by 2030, growing at a CAGR of 7.7% from 2024 to 2030.
Amine is a nitrogen-containing organic compound that is a derivative of ammonia. Amines serve as catalysts and solvents in industrial processes, highlighting their significance in chemistry's practical and theoretical aspects. They are applicable in a wide range of sectors such as agriculture, pharmaceuticals, and manufacturing of dyes.
The growth the global amines market is majorly driven by expansion of the pharmaceuticals sector, as they are frequently used in morphine and Demerol, which are popular pain killers. Moreover, novocaine is one drug used as an anesthetic, which is hugely dependent on amines. Furthermore, amines are significantly used in the manufacturing of pesticides and herbicides. With exponentially growing the population, the need for high agricultural yield increases, which eventually propels the demand for pesticides and herbicides, thereby boosting the growth of the amines market. The development of the healthcare industry significantly contributes toward the growth of the amines market. This is majorly attributed to the fact that biogenic amines play an essential role in cell membrane stabilization, immune functions, and prevention of chronic diseases, as they participate in the nucleic acid and protein synthesis. However, availability of bio-based alternatives acts as a key restraint of the market. On the contrary, growing trend toward producing amines from renewable resources is expected to offer remunerative opportunities for the expansion of the market. Thus, companies are exploring bio-based routes to create amines that are more environmentally friendly. Furthermore, they are taking efforts to develop synthesis methods that reduce the environmental impact, such as using less toxic reagents and solvents, and improving energy efficiency. In addition, surge in demand for specialty amines used in applications such as water treatment, coatings, and surfactants is expected to open new avenues for the market growth. Moreover, implementation of stringent government regulations focusing on minimizing the health risks associated with amine exposure has led to adoption of safer handling practices and formulations, which is likely to offer remunerative opportunities for the market growth.
The amines market is segmented into type, application, and region. By type, the market is classified into primary amines, secondary amines, and tertiary amines. On the basis of application, it is segregated into agriculture, cleaning, gas treatment, personal care, petroleum, water treatment, pharmaceuticals, paints & coatings, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

Depending on type, the primary amines segment is expected to dominate the market by 2030.
On the basis of application, the pharmaceutical segment is anticipated to exhibit the highest growth during the forecast period.
Region wise, amines are projected to gain high prominence in Asia-Pacific in the coming years

Competition Analysis

Competitive analysis and profiles of the major players in the global amines market include Evonik Industries AG, BASF SE, Solvay S.A., Akzo Nobel N.V., Dow Inc., Shell Plc., Eastman Chemical Company, Huntsman Corporation, Arkema, and Balaji Amines Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

Key Market Segments

By Type

Primary Amines
Secondary Amines
Tertiary Amines

By Application

Agriculture
Cleaning
Gas Treatment
Personal Care
Petroleum
Waste Treatment
Pharmaceuticals
Paints and Coatings
Others

By Region

North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
Evonik Industries AG
BASF SE
Solvay S.A.
Akzo Nobel N.V.
Dow Inc.
Shell Plc.
Eastman Chemical Company
Huntsman Corporation
Arkema
Balaji Amines Ltd