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The amines market is projected to witness significant growth by 2027 owing to prevalent product demand in several industrial applications across the globe. Amines are derived from ammonia, wherein a substituent like an alkyl or aryl group replaces one or more hydrogen atoms.
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Amines Market Statistics, Revenue, Demand and Trend Analysis Research Report by 2027
The amines market is projected to witness significant growth by 2027 owing to prevalent product demand in several industrial applications across the globe. Amines are derived from ammonia, wherein a substituent like an alkyl or aryl group replaces one or more hydrogen atoms. • The amines market has been categorized in terms of product (ethanolamine, ethylene amine, alkyl amine, fatty amines, amino methyl propanol (AMP), and specialty amines), application, function, and region. • The ethanolamine product segment has further been bifurcated into monoethanolamine, triethanolamine, diethanolamine, and methyl diethanolamine (MDEA). In 2020, the diethanolamine segment was valued at over USD 1.2 billion and is projected to grow at a CAGR of around 6.6% over the forecast period. • The alkyl amine product segment has been segmented into methyl amine, propyl amine, ethyl amine, and others. The propyl amine segment valuation exceeded USD 640 million in 2020 and is calculated to expand at a CAGR of over 10.8% through the assessment timeframe. The others segment is anticipated to progress at above 8.7% CAGR over the analysis period. • In 2020, the ethylene amine product segment surpassed a valuation of USD 2.1 billion and is slated to grow at a CAGR of over 7.4% through the forecast timeline. The segment has further been divided into ethylene diamine, piperazine, diethylenetriamine, aminoethylpiperazine (AEP), tetraethylenepentamine, and others.
The ethylene diamine segment was valued at more than USD 970 million in 2020 and is anticipated to grow at approximately 8.1% CAGR through the projected period. The diethylenetriamine segment is estimated to progress at a CAGR of about 7.1% over the study timeframe. • In 2020, the tetraethylenepentamine segment was worth more than USD 350 million and is set to observe substantial growth at a CAGR of nearly 6.9% through the forecast timeline. The aminoethylpiperazine segment is speculated to garner a sizable revenue by the end of 2027, expanding at a CAGR of over 6.2% through the projected timeline. • The piperazine segment surpassed a valuation of USD 60 million in 2020 and is expected to see robust growth at around 7.8% CAGR over the forecast period. The others segment is expected to progress at a CAGR of about 5.9% through the analysis time period. • Browse key industry insights spread across 500 pages with 470 market data tables and 45 figures & charts from the report, “Amines Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/amines-market
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