Business

Specialty Amines Market Dynamics, Drivers and Restraints, Current Trends & Forecast 2028

Press Release

Market Introduction

Specialty amines are different forms of compounds containing amine group as the base composition. Most of the specialty amines are colorless or yellow light liquids. Specialty amines or the other amine liquids when vaporized can form a flammable mixture with the air. Specialty amines are multifunctional chemicals which have a very wide range of application. The application of the specialty amines varies with the compound to which they are attached. Specialty amines can help in improving the efficiency of soaps or surfactants. The specialty amines play a vital role in curing of the epoxy resins. The petroleum and oil industry uses the specialty amines for as additives in fuel oil or petroleum. A variety of specialty amines are used in the manufacture of the herbicides and pesticides in the fertilizer industry. Specialty amines act as catalysts in the synthesis of various chemicals. The specialty amines are used in dyestuffs and act as pigment or optical brighteners. The specialty amines are also used in the manufacturing of rubber chemicals, coatings and agricultural chemicals. Specialty amines are used in the chemical industries for the treatment of water used in the boilers.

Market Dynamics

The growth of population has created the demand for pharmaceutical products. The growth of pharmaceutical industry will thus help in creating more demand for the specialty amines. The growth of the fertilizer and pesticide industry resulted due to declining soil quality will help in the growth of specialty amines market.  The use of specialty amines in curing agents will help in the market growth of specialty amines. Specialty amines are used as catalysts in many processes carried out in the chemical industries which would have an impact on the sales of specialty amines. The use specialty amines as ingredients in the water treatment will generate a new market for the sales of specialty amines. The specialty amines have several regulation for their transportation, sales, manufacture, disposal and use depending on the region. These regulations can retard the growth of specialty amines market.

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Market Segmentation

The specialty amines market is segmented on the following basis:

Specialty amines by application:

  • Epoxy Curatives
  • Surfactant
  • Water Treatment
  • Herbicides
  • Catalysts
  • Petroleum and Oil Additives
  • Metalworking Fluid Additives
  • Chemical Intermediates
  • Coatings

Specialty amines by end-use industry:

  • Pharmaceutical
  • Fertilizer and Petrochemical
  • Chemicals
  • Paints and Adhesives
  • Automotive
  • Petroleum Refining

Regional Outlook

The North America region has a shown a rise in the production of the pharmaceutical drugs as well as the fertilizers in recent years. The growth of the pharmaceutical, fertilizer and automotive industries is expected to boost the demand for the specialty amines in the market in North America. In Latin America the chemical industry is growing at good rate and the fertilizer and pesticide industry is growing with a low rate which is expected to help in growth of specialty amines market. The European region has a moderately growing fertilizer industry. The automobile and pharmaceutical industries in Europe are growing with an appreciable rate. These growing industries in the Europe are expected to help in the growth of specialty amines market.

China and India are the highly populated countries where the growing industries like pharmaceutical, chemicals, fertilizers and automotive are expected to create a platform for the sales of the specialty amines. The South East Asia with its growing rubber industry and moderately growing pharmaceutical, fertilizer and chemical industries is expected to help in the sales growth of the specialty amines in coming years. The sales of automobiles in the Middle East and Africa have increased in recent years which may help in the growth of the automotive industrial growth in the region. Growing petroleum refineries and chemical industries in the region are expected to help in boosting the sales of specialty amines.

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List of Market Participants

Some of the market participants involved in the production of specialty amines are listed below:

  • Air Products and Chemicals, Inc.
  • Arkema Group
  • The Dow Chemical Company
  • BorsodChem MCHZ, s.r.o.
  • Eastman Chemical Company
  • Alkyl Amines Chemicals Ltd
  • Huntsman International LLC
  • Ascend Performance Materials
  • BASF SE
  • Wanhua Chemical Corp
  • Solvay

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends and Issues and Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K., Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest of Eastern Europe)
  • South East Asia and Pacific (India, ASEAN, Oceania)
  • China
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint