Home > Chemicals & Materials > Specialty Chemicals > Custom Synthesis > Amines Market

Amines Market Trends

Report ID: GMI4838
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Amines Market Trends

The expanding applications in pharmaceuticals and rising demand in agrochemicals are propelling the amines industry forward. In pharmaceuticals, amines play a crucial role in the synthesis of various drugs and active pharmaceutical ingredients (APIs), contributing to the industry's growth. Additionally, the escalating demand for agrochemicals necessitates the use of amines in pesticide, herbicide, and fertilizer formulations, further boosting market demand and stimulating innovation in amine production.

For instance, in January 2024, Balaji Amines Limited reported the approval from the industries, energy, and Labour Department, Government of Maharashtra, designating the expansion project of Balaji Speciality Chemicals Limited, a subsidiary of Balaji Amines Limited, as a mega project.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for amines was valued at USD 23.1 billion in 2024 and is projected to reach USD 48.5 billion by 2034, driven by a CAGR of 7.6% during the forecast period.

Pharmaceuticals held a 26.8% market share in 2024 and are expected to grow significantly, driven by the increasing prevalence of chronic diseases and the rising demand for active pharmaceutical ingredients (APIs).

The U.S. market was valued at USD 3.9 billion in 2024, driven by the expansion of end-use industries such as pharmaceuticals, agriculture, and water treatment.

Major players in the industry include Alkyl Amines & Chemicals, Amines & Plasticizers, Arkema, Balaji Amines, BASF, Daicel, Dow, Eastman Chemical, Evonik, Global Amines, Hexion, Huntsman, Indo Amines, Kao, Koei Chemical, Lanxess, Luxi Chemical, Mitsubishi Gas Chemical, NOF, Solvay, and Sterling Auxiliaries.