Amines are chemical intermediates that are mainly used for formulations in the manufacturing of drugs and textiles chemicals Currently, most amines manufacturers use ammonia as a raw material. Most of the ammonia produced is consumed in the manufacturing of amines. Amines are classified as primary amines, secondary amines, tertiary amines and cyclic amines. Primary amines include ethanolamines, methylamines and ethyleneamines, wherein one of the hydrogen atoms in ammonia is replaced by aromatic or alkyl group. Secondary amines include amines with alkyl, aryl or both groups attached to the hydrogen atom, for example, dimethylamine. Cyclic amines are either secondary or tertiary amines in a cyclic form, for example piperidine.
The global agriculture market is on the rise due to the continuously growing population, especially in emerging nations. The agriculture industry is focusing on optimizing the crop yield to cater to the increasing demand for agricultural yield and cope with the scarcity of fertile land. Growth in the agricultural industry in BRIC countries has been driving the global agricultural chemicals market in the recent years. Furthermore, significant growth paints and coatings industry owing to rapid development in construction industry is also expected to boost the amines market. However, price volatility of raw materials such as ammonia and ethylene oxide is anticipated to hamper the growth of the amines market. Increasing application scope of amines in water treatment coupled with rising personal care industry is expected to open opportunities for the growth of the market over the next few years.
Ethanolamines were the majorly consumed amines in the industry in 2012 accounting for over 50% of the global demand. These amines are expected to grow within forecast period on account of their increasing usage in applications such as crop protection chemicals, surfactants and water treatment among others. Demand for other amines such as alkylamines and fatty amines is expected to be steady due to a substantially high demand from other amines.
Demand for amines was highest from crop protection chemicals, accounting for over 30% of the global demand in 2012. The demand for amines in crop protection chemicals has been growing rapidly over the past few years and is expected to follow a similar trend over the next few years. These amines are being used for a wide range of crop protection chemicals such as herbicides, pesticides and fungicides among others. Changing lifestyles and improvements in technology has led to a significant rise in personal care as well, leading to higher demand for amines. Increasing use of surfactant due to its ability to boast foam capacity is expected to drive amines market. Usage of amines in surfactant has been significantly growing and is expected to follow a similar trend in the next six years.
The amines demand was highest from North America in 2012 accounting over 30% of the global market, owing to growing demand from crop protection chemicals and surfactant industry. The crop protection chemicals industry is currently the largest in North America and is expected to significantly grow with the increasing demand for good agricultural yield. However, demand from other regions such as Europe is expected to be low due to certain regulations from regulatory bodies such as REACH and CLEEN. The demand for amines is expected to increase in Asia Pacific due to rising crop protection chemicals and surfactant industry.
Companies such as The Dow Chemical Company, Rhodia, Huntsman Corporation and AkzoNobel N.V. account for less than 10% market share each. In addition, the amines market is fragmented due to presence of several medium and small scale amines manufacturers on a global as well as regional level.
This report links all sectors of the global amines market, labeling them in a categorized manner into appropriate segments using a premeditated pattern specifically chosen for it. The report offers exhaustive detail on all the market drivers as well as restraints, correlating them with the current and future feasible areas of growth. It should be noted that all market figures and revenues are stated in U.S. dollars. After applying market specific segmentation, the report also delves into a geographic categorization using the larger regional markets of North America, Asia, Pacific, Europe, and the Rest of the World.
The research document enunciates a comprehensive analysis of the global amines market in terms of historic, current, and overall growth. Multiple factors are considered to examine the positive and negative aspects in the amines market, including market size, growth rate, and overall promoting factors. The report primarily compiles a detailed picture of the amines market using Porter’s Five Force Model, a research model that utilizes buyers’ and sellers’ impacts, emerging competitors, product analysis, distributor rights, and competitiveness of the market. The report also details the historical data of the amines market in a way that gives the user a better perspective on the current market scenario. A SWOT analysis is also included, along with all major developments in the amines market. The report contains a segment dedicated to the top players in the amines market and studies their major developments, previous business strategies, and financial overviews.
As chemical intermediates that are primarily utilized for manufacturing various textile chemicals and drugs, amines almost always use ammonia as a base raw material. In fact, a large part of the global manufacture of ammonia goes into the production of amines. A typical look at the amines market reveals the three major segments of primary, secondary, and tertiary amines. These categories show the kind of molecular structure that composes a particular amine.
One of the key drivers for the global amines market is the growing rate of agriculture in emerging countries. Technological advancements allow the crop yield to increase considerably, thereby supplementing the growing population as well as the manufacture of ammonia. Other market drivers include the increasing scope of application in water purification along with a growing awareness of maintaining personal hygiene.
Ethanolamines, a type of primary amines, constituted about 50% of the global amines market in 2012. The segment is expected to continue growing at a steady pace. Crop chemicals demanded the largest amount of amines – more than 30% - from the global amines market in 2012. Geographically speaking, the major companies do not hold a large part of the amines market; instead the market is fragmented through numerous regional suppliers.
The list of top players in the global amines market includes Taminco Corporation, Rhodia, Huntsman Corporation, Mitsubishi Gas Chemical Company Inc., The Dow Chemical Company, BASF SE, BASF-YPC Company Ltd., Arkema SA, Alkyl Amines Chemicals, Ltd., and AkzoNobel N.V.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements in the global amines market
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments