Amines Market Analysis By Product (Ethanolamines, Fatty Amines, Alkylamines), Application (Crop Protection, Surfactants, Water Treatment, Personal Care, Gas Treatment) And Segment Forecasts, 2018 - 2025

Industry Insights

The global amines market size was estimated at USD 14.4 billion in 2016. The increasing use of the product and its derivatives for the manufacture of numerous personal care products is expected to have significant impact on the market growth over the forecast period.

The rapid growth of the personal care industry, on account of increasing consumer expenditure on luxury and lifestyle goods at a global level, is expected to act as the key market driver over the forecast years. In addition, the increasing product penetration in applications such as crop protection chemicals, water and gas treatment is likely to propel product demand over the next few years.

Amines are derived from ammonia, which in turn is derived from natural gas, especially methane. A broad range of amines are available in the market, the products are a result of several chemical reactions between amines, alcohols, and acids. The companies are involved in the manufacture of raw materials to the production of end products. Further, small and medium-sized raw material suppliers are also present, which augments the intensity of competition in the industry.

The parent raw material is subject to price fluctuations, on account of the direct dependence on natural gas and refinery product prices. The volatility associated with material prices lead to product price fluctuation risks.

Product Insights

Ethanolamines accounts for the largest product category in terms of both volume and revenue. This segment includes a variety of amines derived as a result of different chemical reactions between primary amines and alcohol. The three key sub-segments include MEA, DEA, and TEA, the product are largely used for the manufacture of detergents, chelating agents, emulsifiers, and chemical intermediates, with widespread applications in end-use verticals such as plastic, agriculture, construction, chemicals and energy.

The fatty amines and alkylamines segments are expected to witness significant growth over the next eight years, on account of the increasing product demand for the production of froth flotation agents, corrosion inhibitors, anti-cackling agents, emulsifiers, and additives. However, the relatively higher prices of the product and its derivative is likely to hamper market demand.

The ethanolamines segment is expected to grow at a CAGR of nearly 8.5% during the forecast period, while fatty amines is expected to be the fastest-growing segment among the different product categories, slated to grow at a CAGR of over 8.5% during the forecast period.

The extensive building and construction activities in key economies such as China, Mexico, India, U.S., and Germany over the past few years have resulted in rapid growth of the construction industry, which, in turn, is expected to have a positive impact on the market demand for amines over the forecast period.

Application Insights

The crop protection application segment accounted for a significant market share in 2016, accounting for over 34% in terms of both volume and revenue. The application segment is likely to witness high growth during the forecast period, the growth can be attributed to the changing dynamics of the agricultural sector across the globe. The modernization of the agricultural practices is expected to drive the demand for crop protection chemicals, which will result in higher demand for amines.

The personal care segment is projected to grow at a CAGR of nearly 5% over the forecast period, in terms of volume. The segment caters to products for skin care, hair care, personal hygiene, oral care, and cosmetics, which account for a significant share in the FMCG industry. The rapidly growing FMCG industry in emerging economies of Asia Pacific is expected to drive the application segment, which in turn is likely to drive the product demand in personal care applications.

Amines are increasingly being used for the manufacture of detergents and cleaners for domestic, commercial and industrial uses. Concentrated detergents and chelating agents are used for industrial cleaning applications. The rapid industrial growth across several emerging economies of the globe is expected to positively impact the product demand during the forecast period.

Water treatment is projected to witness high growth, to the tune of over 8.5% during the forecast years. The increasing consumer awareness about access to safe drinking water will benefit the product demand during the next few years. Growing concerns regarding circulation of contaminated water, supply of water in rural areas, and growing incidence of waterborne diseases among children below the age of five, are likely to act as major drivers for the use of water treating amines.

Regional Insights

Asia Pacific accounted for the largest share in terms of both volume and revenue, on account of fast-paced growth of key application industries in the region. The rapidly-growing industries such as manufacturing, energy, construction, and FMCG in emerging countries such as China, India, and South Korea is expected to drive product use over the forecast period.

The industry in China recorded volumes of over 1,300.0 kilo tons in 2016, and is expected to witness a CAGR of nearly 4.5% during the forecast years. The high growth is a result of significant growth in end-use industries. Further, the presence of key chemical manufacturers in the country with extensive product portfolios are expected to drive the product demand in the near future.

The industry in Europe accounts for a significant share, with the presence of key market players including BASF SE in the region, with large production capacities. Germany accounted for a significant share in terms of both volume and revenue, mainly on account of the large number of market participants in the country.

Competitive Insights

The global amines industry is characterized by intense competition, mainly on account of presence of major players across North America, Europe, and Asia Pacific. Market participants include players such as PPG Industries, Eastman Chemicals, BASF SE, Quaker Chemicals, Dow Chemicals, and Sinopec, among others.

The abovementioned players operate at very high production capacities with a gamut range of products and well-established distribution networks. In addition, the industry players continuously invest in research & development for the purpose of expanding the application scope in major end-use verticals. Product distribution channel plays a crucial role in the industry, the companies in the domain involve in direct, and indirect distribution of their products. The companies collaborate with third-party distributors to cater to local demand.

Report Scope

Segments covered in the report

This report forecasts volume and revenue growth at regional & country levels, and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the amines market on the basis of product, application, and region:

• Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

  • Ethanolamines

  • Fatty Amines

  • Alkylamines

  • Others

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

  • Crop Protection

  • Surfactants

  • Water Treatment

  • Personal care

  • Gas Treatment

  • Others

• Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa