Amines Market Size to Reach US$ 25.01 Billion 2022-2027 - IMARC Group
According to the latest report by IMARC Group “Amines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global amines market reached a value of US$ 18.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.01 Billion by 2027, exhibiting a CAGR of 5.05% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Amines are colorless, less volatile organic compounds derived from ammonia by replacing hydrogen atoms with an aryl or alkyl group. They are widely utilized as water softeners and corrosion inhibitors in the manufacturing of rubber, synthetic resins, fibers, and azo dyes. They are also extensively used in crop protection chemicals, personal care products, pharmaceuticals, coatings, paints, and wastewater and gas treatment for eliminating carbon dioxide (CO2) from natural gas.
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Amines Market Trends:
Significant growth in the agriculture sector represents one of the key factors propelling the use of amines in the manufacturing of crop protection substances. These substances protect crops against parasites, fungal infections, and soil-borne rodents. Besides this, the rising prevalence of chronic disorders, such as hypertension, diabetes, and cholesterol, is driving the application of amines in the healthcare industry. Furthermore, rising accidents and the increasing number of individuals undergoing surgical intervention are positively influencing the demand for anesthetic drugs, which, in turn, is strengthening the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global amines market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, function and application.
Breakup by Product:
Breakup by Function:
Breakup by Application:
Market Breakup by Region:
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Competitive Landscape with Key Player:
Key Highlights of the Report:
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