Top Companies in Amines Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Amines Market is projected to reach a value of USD 19.7 Billion by 2028 at a CAGR of 4.5% over the forecast period.
The Global Amines Market is valued at USD 15.2 Billion in 2021 and is projected to reach a value of USD 19.7 Billion by 2028 at a CAGR of 4.5% over the forecast period. The demand for products is also projected to increase over the coming few years due to the growing product penetration in sectors including crop protection chemicals, water treatment, and gas treatment.
Over the coming years, the personal care industry's explosive growth is anticipated to serve as the primary market driver due to rising consumer spending on luxury and lifestyle goods worldwide.
It is anticipated that the growth in the personal care market, where amines are used to make cosmetics, skincare, hair care, toiletries, and fragrances, will present profitable business opportunities. Additionally, the pharmaceutical industry's expanding need for amines to manufacture painkillers is anticipated to provide the amines market with tremendous growth opportunities. The primary usage of morphine and Demerol is as analgesics. Furthermore, growing numbers of older people and the prevalence of numerous chronic diseases drive the rising need for healthcare services. As a result, the market for amines is extending due to the expansion of the pharmaceutical industry. Also, the purchasing power of consumers for personal care and hygiene products is rising due to lifestyle changes. Additionally, the increase in online distribution channels is driving up sales of personal care items, fueling the market expansion of amines.
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The Amines market is dominated by globally established players such as Arkema SA (France), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), SABIC (Saudi Arab), The Dow Chemical Company (US), Huntsman Corporation (US), Mitsubishi Gas Chemical Company (Japan), Taminco Corporation (US), Celanese Corporation (US), Solvay S.A. (Belgium), INEOS Group (UK), Lanxess Corporation (Germany), and Lyondell Basell Industries Holdings BV (US) among others. In addition, companies are significantly funding R&D to create novel amine compositions with supplementary advantages and enhanced functional performance. As well, a small number of market players are concentrating on growing their current production capacity to satisfy the rising demand from various end-use sectors, including surfactants, cleaning agents, personal care products, etc.
Let’s Look at the Top Companies That are Taking the Amines Market by Storm
- Arkema SA (France)
The company Arkema SA produces and sells a variety of chemicals. In addition, the company has performance products and industrial chemicals, such as acrylics, PMMA, hydrogen peroxide, technical polymers, specialized chemicals, and useful additives.
- Akzo Nobel N.V. (Netherlands)
Akzo Nobel N.V. produces specialist chemicals. The business sells pulp and paper, bleaching and oxidizing, salt chlorine, decorative paints and coatings, surfactants, polymers, bleach, and other chemical products. In addition, global customer service is provided by Akzo Nobel.
- BASF SE (Germany)
BASF SE manufactures chemicals. The company's six business segments comprise chemicals, plastics, performance products, practical solutions, agricultural solutions, and oil and gas. In addition to providing various system solutions and services, BASF supplies goods for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries.
- The Dow Chemical Company (US)
The Dow Chemical Company is a business that specializes in chemicals. The industry produces plastic materials, rubber, agro-science, and specialty chemicals. In addition, Dow Chemical provides services to the packaging, construction, food, and personal care industries worldwide.
- Mitsubishi Gas Chemical Company (Japan)
Mitsubishi Gas Chemical Company produces chemicals like xylene and methanol. The company also has specialty chemicals and engineered polymers.
- Taminco Corporation (US)
The Taminco Corporation manufactures alkylamines and their derivatives. Manufacturers of everyday goods mainly serve agriculture, water treatment, personal and home care, animal nutrition, and oil and gas end-markets with the company's products.
- Celanese Corporation (US)
The Celanese Corporation produces advanced materials and chemicals on a global scale. The company sells synthetic polymers, vinyl emulsion, acetyl, and acetate, among other things. Celanese operations serve worldwide customers.
- Huntsman Corporation (US)
Huntsman Corporation is a leading manufacturer and distributor of specialty chemicals worldwide. The company provides various chemicals, including sophisticated epoxy, acrylic, and polyurethane-based formulations, maleic anhydride, surfactants, amines, and textile chemicals and dyes.
- Solvay S.A. (Belgium)
Solvay S.A. makes plastics and chemicals. The company manufactures silica, functional polymers, hydrogen peroxide, soda ash, surfactants, flavors for food and fragrances, and other specialty polymers. The aerospace, alternative energy, automotive, chemical, construction, consumer goods, food and beverage, and oil and gas industries are just a few of the sectors that Solvay supplies its products.
- INEOS Group (UK)
INEOS Group produces petrochemicals, specialized chemicals, and oil products. Engineering thermoplastic resins, PVC products, films and compounds, commercial CFC alternatives, and melamine resins for coating, technical, and specialized applications are among the items the company sells in Europe, Latin America, and North America.
- Lanxess Corporation (Germany)
The company LANXESS Corp. is a manufacturer. The company produces polymers, synthetic rubber, and chemicals. Customers of LANXESS are located throughout Pennsylvania.
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