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Amines Market Trends

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

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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: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size for amines crossed USD 21.4 billion in 2023 and will grow at 7.9% CAGR between 2024 and 2032, fueled by burgeoning industrial growth and rapid urbanization worldwide.

The water treatment segment of the amines market held a decent share in 2023 and will witness 7.7% CAGR during 2024- 2032, attributed to the escalating concerns regarding water quality.

Asia Pacific market will record an 8.4% CAGR from 2024 to 2032, owing to robust industrial development and expanding population.

Alkyl Amines & Chemicals Ltd. (AACL), Amines & Plasticizers Ltd. (APL), Arkema, Balaji Amines, BASF SE, Daicel Corporation, Dow Inc, and Eastman Chemical Company among others.