March 17, 2021
According to the research report titled ‘Global Aliphatic Amines Market A? Analysis By Industry , By End-Use, By Region, By Country : Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global aliphatic amines market share accounted for USD 5689.66 million in the year 2019 and is expected to register substantial growth during the forecast period.
Proliferating home care and personal care, paints & coatings, agrochemicals, as well as pharmaceutical sectors coupled with widespread product adoption are some of the growth factors of global aliphatic amines market.
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For those unaware, aliphatic amines are basically organic compounds that comprise of nitrogen atoms as well as a pair of electrons. These amines usually have no aromatic ring attached to the nitrogen atom.
By industry, the market is segmented into chemicals, pharmaceutical, and others. The reports states that pharmaceuticals segment currently accounts for the largest share in global aliphatic amines market and is expected to generate lucrative returns in the ensuing years. Increased pervasiveness of gastrointestinal disorders and diabetes coupled with improving health cognizance have resulted in rapid expansion of the pharmaceutical sector, which in turn is fueling the demand for aliphatic amines.
Citing the end-user spectrum, the market is split into surfactants, water treatment, rubber, feed additives, pesticides, solvents, and others. Global aliphatic amines industry size from solvent segment is predicted to expand considerably during the forecast period. The product is widely adopted among solvents and for producing paints & coatings. Thus, high demand for paints & coating solutions from construction, machinery, and automotive sector are adding traction to the overall market size.
Considering the geographical landscape, Asia-Pacific presently holds the largest market share and is likely to expand continuously during the estimated timeframe. Growing population, rapid urbanization, and widespread product adoption from agriculture, FMCG, construction, energy, as well as manufacturing sector are paving the way towards the growth of aliphatic amines market in Asia-Pacific.
The prominent companies operating in global aliphatic amines market are Evonik Industries AG, Solvay S.A., Clariant AG, Arkema S.A., DuPont de Nemours Inc., Alkyl Amines Chemicals Ltd., AkzoNobel N.V., Huntsman Corporation, Hexion Inc., and BASF SE among others.