Aromatic Polyamines Market: Introduction
Polyamine is an organic compound containing more than two primary amino groups. Alkyl polyamines occur in both forms: natural and synthetic. Aromatic polyamines are colorless, hygroscopic, and soluble in water. Aromatic polyamines have distinctive aroma, due to which they are widely consumed in applications such as food & beverages, fragrances, and cosmetics. A majority of aromatic polyamines are crystal-like solids at room temperature. Polyamines are largely used as chelating agents. They are suitable for dissolving metal ions in organic solvents.
Global Aromatic Polyamines Market: Trends & Developments
Demand for aromatic polyamines is increasing due to growth of population and rise in the disposable income. This, in turn, increases the expenditure on luxurious products and flavored foods. Additionally, changes in lifestyle drive the demand for packed foods, subsequently boosting the demand for aromatic polyamines in different applications. However, negative effects of synthetic food aroma, such as allergies inhibit the use of aromatic polyamines in various applications such as wines, flavored foods, and cosmetics. Nevertheless, growing research and development activities to increase scope of usage of aromatic polyamines is anticipated to offer lucrative opportunities to the global aromatic polyamines market during the forecast period.
Global Aromatic Polyamines Market: Segmentation
The global aromatic polyamines market can be classified based on type, application, and region. In terms of type, the market can be segregated into modified aromatic polyamines and pure aromatic polyamines. Pure aromatic polyamines possess strong aroma and these are unbreakable chemical compounds. Therefore, they are preferred in numerous applications such as curing agents, chelating agents, and flavored foods. Modified aromatic polyamines are largely used in cosmetics and wines. Based on application, the aromatic polyamines market can be divided into curing agents, wines, chelating agents, flavored foods, cosmetics, and others. Rise in the demand for aromatic polyamines in the food & beverages industry is anticipated to boost the global market in the near future. Demand for cosmetics and fragrances in developing economies is increasing due to rise in the per capita income and increase in the standards of living.
Global Aromatic Polyamines Market: Regional Outlook
In terms of region, the global aromatic polyamines market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The markets in North America and Europe are estimated to expand at a sluggish pace, as they are highly mature markets and they have adopted aromatic polyamines in applications such as cosmetics, foods, and beverages quite early. The market in Asia Pacific is estimated to expand at a rapid pace during the forecast period, due to rise in the production as well as consumption of aromatic polyamines in developing economies such as India and China. This is attributable to rising demand for aromatic polyamines led by increase in the consumption of cosmetics and rise in the adoption of various foods and beverages in the region. The aromatic polyamines market in Middle East & Africa is projected to expand at a moderate pace in the near future, owing to high cost of production of aromatic polyamines in the region. The market for aromatic polyamines in Latin America is expected to expand at a rapid pace during the forecast period, due to rise in the demand from the food & beverages sector in this region.
Global Aromatic Polyamines Market: Key Players
Key players operating in the global aromatic polyamines market are Silverline Chemicals, Veera Fragrances, Hindustan Mint & Agro Products, G.J. Chemical, Anderson Development Co., Lackwerke Peters, and Coamong.
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