The Amines Market is estimated to be valued at Us$ 15.62 Bn in 2023 and is expected to exhibit a CAGR Of 4.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview

Amines are mainly used for manufacturing personal care products, polyurethane surfactants, rubber processing chemicals, water treatment chemicals and others. Primary amines are used in production of polyurethanes and epoxy resins in various industries like construction, automotive etc. Tertiary amines are highly utilized in fabric softeners of personal care products.

Market Dynamics

The amines market is driven by increasing demand from personal care products industry. Amines are predominantly used in formulations of fabric softeners, hair conditioners and skin care creams which is augmenting market growth. According to WHO, annual global spending on personal care products reached approx. US$ 460 Bn in 2020 and is estimated to grow further at a steady pace. Secondly, rising consumption of polyurethane especially in automotive and construction industries is positively impacting amines market. Polyurethane production consumes large amounts of amines as catalyst. With growing automotive and construction industries in developing countries, polyurethane demand and subsequently amines demand is likely to rise over forecast period.

SWOT Analysis

Strength: Amines have wide industrial applications like agrochemicals, personal care, construction etc. They act as solvents and intermediates. New production technologies have increased capacities and lowered costs.

Weakness: Strict environmental regulations regarding emission and disposal of hazardous waste. Volatility in raw material prices affect costs.

Opportunity: Growing demand from end use industries like construction, automotive and electronics drives the market. New product development creates opportunities.

Threats: Availability of substitutes poses threat. Economic slowdowns affect demand.

Key Takeaways

The Global Amines Market Size  is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period, due to increasing demand from agrochemical and personal care industries. The global amines market size is expected to reach US$ 15.62 billion in 2023.

Asia Pacific dominates the global amines market due to strong demand from countries like China, India, Japan and South Korea. Rapid growth of end use industries and increasing population drive the APAC amines market which is projected to exhibit CAGR of over 5% during the forecast period. North America and Europe are other major consumers of amines due to well established end use industries.


Key players operating in the amines market include Arkema SA, AkzoNobel N.V., Alkyl Amines Chemicals Ltd., BASF SE, BASF-YPC Company Limited, The Dow Chemical Company, Huntsman Corporation, and Mitsubishi Gas Chemical Company Inc. These players are focusing on new product development and capacity expansion to cater to growing demand and consolidate their position further.

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