Tuesday, 02 January 2024 12:17 GMT

Amines Market Size, Share, Trends, Growth & Forecast 2026-2034


(MENAFN- Straits Research) Introduction

Straits Research published a report, “Amines Market Size & Outlook, 2026-2034”. According to the study, the market size is valued at USD 25.03 billion in 2025 and is projected to expand to USD 39.41 billion by 2034, registering a compound annual growth rate (CAGR) of 5.29%

Market Dynamics

The global amines market is fueled by expanding industrialization, growing demand from emerging economies, and increased production of agrochemicals and specialty chemicals. Rising investments in chemical infrastructure and the onshoring of manufacturing facilities offer growth potential. Moreover, advancements in process optimization, energy-efficient production, and digital integration in chemical plants create opportunities for cost reduction, operational efficiency, and supply chain resilience, further enhancing the market's attractiveness and long-term growth prospects.

However, the market growth is constrained by stringent environmental regulations concerning emissions, waste disposal, and the handling of hazardous chemicals. Amines used in industrial manufacturing can generate toxic byproducts and volatile organic compounds, prompting regulatory bodies to enforce tighter operating standards and costly compliance measures. These requirements demand significant investment in advanced filtration systems, safer processing technologies, and rigorous monitoring practices.

Market Highlights

  • Product Insights: Ethanolamine dominates the global amines market with over 50% market share, primarily due to its versatility across multiple industrial applications, including gas treatment, surfactants, and personal care.
  • Applications Insights: Crop protection represents the fastest-growing application with a CAGR of 5.65%, fueled by increasing agricultural production and rising adoption of agrochemicals.
  • Regional Insights: The Asia-Pacific amines market is dominant with a market share of over 45%, driven by rapid industrial growth, expanding chemical manufacturing, and increasing demand from various sectors.

Competitive Players

  • BASF SE
  • Dow Inc.
  • Huntsman Corporation
  • Akzo Nobel N.V.
  • Clariant AG
  • Solvay S.A.
  • Alkyl Amines Chemicals Ltd.
  • Balaji Amines Ltd.
  • Eastman Chemical Company
  • Evonik Industries AG
  • Arkema S.A.
  • SABIC
  • Amines & Plasticizers Ltd.
  • Taminco Corporation
  • Mitsubishi Chemical Corporation
  • LyondellBasell Industries
  • Akema Fine Chemicals
  • Indo Amines Ltd.
  • Koei Chemical Co., Ltd.
  • Black Rose Industries Ltd.

    Recent Developments

    • May 2025 - Huntsman expanded its facility in Conroe, Texas, to add an E-GRADE® unit producing high-purity, low-trace-metal amines, including quaternary amines and amine oxides. This expansion aims to serve growing demand for amines in sensitive applications such as semiconductor manufacturing.

    Segmentation

  • By Product
  • Ethanolamine
  • Fatty Amines
  • Alkyl Amines
  • Others
  • By Applications
  • Crop Protection
  • Surfactants
  • Water Treatment
  • Personal Care
  • Gas Treatment
  • Others
  • By Regions
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

    Chat with us on WhatsApp

    MENAFN11122025004597010339ID1110467070



  • Straits Research

    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

    Search