Global Aliphatic Amines Market To Amass Notable Gains Over 2020-2025

January 10, 2022


According to the research report titled ‘Global Aliphatic Amines Market A? Analysis By Industry (Pharmaceutical, Chemicals, Others) , By End-Use, By Region, By Country (2020 Edition) : Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global aliphatic amines market was worth USD 5689.66 million in 2019 and is anticipated to showcase lucrative growth trends between 2020 and 2025.
 

Expanding end-user industries such as pharmaceuticals, paint and coatings, agrochemicals, personal care and home care are majorly driving global aliphatic amines market growth. For the record, aliphatic amines are organic compounds containing nitrogen atom with a lone pair of electrons.

 

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Based on industry, global aliphatic amines industry landscape is segmented into pharmaceutical, chemicals, and others. As cited in the report, pharmaceuticals segment is expected to grow lucratively over the analysis timeframe owing to rising awareness related to health issues, growing pervasiveness of medical ailments like diabetes and gastrointestinal issues and in manufacturing of anti-diabetic drugs as it helps in regulating insulin levels.
 

Speaking of the end user range, the marketplace is divided into solvents, feed additives, pesticides, rubber, water treatment, surfactants, and others. Among these, solvents segment is likely to amass notable gains through 2025, on account of rising usage of aliphatic amines as solvents in many personal care products. Moreover, aliphatic amines are widely used in the formulation of paints and coatings in the form of solvents, thereby propelling the segmental growth.
 

On the geographical front, the aliphatic amines market share in Asia Pacific is likely to expand with a strong CAGR over the study duration, on account of rising population and rapid urbanization, along with increasing demand from agricultural sector. Rapid expansion of end-user industries like manufacturing, energy, construction, FMCG and agricultural in China, India, Japan, and South Korea, are further favoring the industry outlook.
 

Leading players profiled in the worldwide aliphatic amines industry vertical are Evonik Industries AG, Solvay S.A., Clariant AG, Arkema S.A., Dow Inc., Alkyl Amines Chemicals Ltd., Akzo Nobel N.V., Huntsman Corporation, Hexion Inc., and BASF SE.

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