Speciality Amines Market, by Type (Alkyl alkanolamines, Ethyleneamines, Ethanolamine, Isopropanolamines), Function (Solvent, Chelating Agent, Corrosion Inhibitor, Bleach Activators, Surfactants, Others), Application (Water Treatment, Cleaning, Agriculture, Personal Care, Paint & Coatings, Pharmaceuticals, Petroleum, Gas Treatment, and others.) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

The global Speciality Amines market size was estimated at USD 2107.0 million in 2023 and is projected to reach USD 3513.36 million in 2030 at a CAGR of 6.60% during the forecast period 2023-2030.

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Specialty amines are key versatile chemicals that hold unique mechanical properties. Specialty amines are colorless or yellow liquid and soluble in water. Specialty amines are chemical mediators with excellent synthesizing properties. Specialty amines are derived from ammonia. Products synthesized with specialty amines show properties like electric insulation, abrasion, heat resistance, and resistance to radiation. Specialty amines are also categorized in term of grades like <99% and ≥ 99%. ≥ 99% grade is used in pharmaceutics and personal care products. When vaporized, amines or amine liquid may produce flammable mixture with air.

Specialty amines are used in dyestuff and act as pigment or optical brighteners. Specialty amines are utilized in the manufacturing of rubber chemicals, coating and agricultural chemicals. The chemical industry uses specialty amines in water treatment as well. Hence the wide range of applications in the various field is creating the demand for specialty amines market on a large scale.

Agricultural industry is driving the specialty amines market owed to developing technologies and modernization. The agriculture industry is further rising the use of genetically modified herbicide-tolerant seed with the coating is further crating the demand and opportunity in the market in the forecast period. Moreover, the utilization of bio-based products and material for the healthy growth of crops in developing countries like India is anticipated to obstruct the chemical market in the forecast period.

Specialty amines being organic compound are widely favoured in the pharmaceutical industry due to their ring-like structure called as the early group is driving the pharmaceutical industry for the treatment of medical conditions like antipsychotic, aripiprazole, cholesterol-lowering rosuvastatin, local anaesthetic lidocain, anticancer drug imtinib, are utilized as solvents and catalyst in various drug manufacturing’s.

The spread of COVID 19 resulted in $2017 million in 2022 and is forecast to readjusted size of $3132 million by 2028. The market has increased rapidly as the need for medicine increase rapidly during COVID-19 when the need for medicine was higher than ever before. Amines are at the front of the pharmaceutical industry due to which the speciality amines market observed an increase.

Key Findings

·         The type segment is further fragmented into Alkyl alkanolamines, Ethyleneamines, Ethanolamine, Isopropanolamines. Ethanolamine is dominating the type segment of the global specialty amine market. Global Ethanolamine is greatly used as feedstock in the production of detergents, emulsifiers, polishes, pharmaceuticals, corrosion inhibitors, and lastly chemical intermediates. Ethanolamine is also known as monoethanolamine or MEA. Ethanolamine is often used for alkalinisation of water in steam cycles of power plants, nuclear power plants, and pressurized water reactors. Due to various uses ethanolamine is further creating opportunities in the market in the forecast period. Additionally, ethanolamine is estimated to hold a major share in the global specialty amines market.

·         The function segment is further bifurcated into Solvent, Chelating Agent, Corrosion Inhibitor, Bleach Activators, Surfactants, Others. Amines are known for their excellent property like surfactants suitable for personal care products like soaps, shampoos, creams, and various cosmetic preparations. The growing populations with the collective purchasing power of individuals, rising disposable income and awareness regarding personal care products is motivating the market growth of amines as surfactant on a large scale. Additionally, surfactant sub-segment is expected to outshine USD 8.9 billion in the forecast period with a CAGR of 8.6%. Surfactant is an easy choice for manufactures regarding amines in various cleaning applications.

·         The organization segment is further bifurcated into Water Treatment, Cleaning, Agriculture, Personal Care, Paint & Coatings, Pharmaceuticals, Petroleum, Gas Treatment, and others. The agriculture sector is dominating the application segment of specialty amines market. The key factor responsible for the growth of the market is the production of chemicals and pesticides for crop protection and is predicted to grow at 7.9% in the forecast period. The pharmaceutical sector is second dominating as amines are highly utilized in the formulation of pharmaceutical products. And the rising occurrence of chronic diseases like cancer, diabetes, cholesterol, blood pressure, obesity, heart failure is likely to raise the demand for specialty amines market. Paints and coating is the third dominating segment as amines are used as solvents in paints and coating industries. And the demand for paints and coating is surging due to the accelerating construction industry and automotive sector.

·         The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia Pacific is estimated to account for the largest market share during the forecast period. In Asia Pacific, speedy industrialization, growing chemical industries and high investments in infrastructure are driving the growth of the specialty amines market along with the modernization of agriculture sector due to crop protection.

Regional Analysis

Asia Pacific to Dominate the Market

Asia Pacific is estimated to account for the largest market share during the forecast period. Modernization of the agriculture sector due to crop protection is driving the agriculture market and in turn increasing the specialty amines market.

Speedy industrialization, growing chemical industries and high investments in infrastructure will further increase the market growth during the forecast period.

Competitive Landscape

·         Air Products and Chemicals

·         Arkema Group

·         The Dow Chemical Company

·         BorsodChem MCHZ

·         Eastman

·         Alkyl Amines Chemicals Ltd

·         Huntsman

·         Ascend Performance Materials

·         BASF

·         Solvay

·         Eastman Chemical Company

·         Wanhua Chemical Group Co., Ltd

·         Ascend Performance Materials

·         Mersaco

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Recent Developments

·       In 2021, an announcement was made by BASF to  increase their production capacity for key specialty amines. BASF will be able to produce more of its key tertiary amines and polytheramines under the brand name LupragenTM and Baxxodur®. This will complement a global network of speciality amines production plants in North America.

·       In 2020, Huntsman Corporation acquired Gabriel Performance Products for $250 million. The US based company’s speciality product portfolio will be increased due to this acquisition.

Reasons to Acquire

·         Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.

·         Gain authentic and granular data access for the Speciality Amines Market to understand the trends and the factors involved in changing market situations.

·         Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.

·         In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Table of Contents

The Speciality Amines Market is segmented into various segments such as Type, End Use and region:

Based on Type

·         Alkyl alkanolamines

·         Ethyleneamines

·         Ethanolamine

·         Isopropanolamines

Based on the Function

·         Solvent

·         Chelating Agent

·         Corrosion Inhibitor

·         Bleach Activators

·         Surfactants

Based on the Application

·         Water Treatment

·         Cleaning

·         Agriculture

·         Personal Care

·         Paint & Coatings

·         Pharmaceuticals

·         Petroleum

·         Gas Treatment

Based on region

·         Asia Pacific

·         Japan

·         China

·         India

·         Australia

·         South Korea

·         Vietnam

·         New Zealand

·         Philippines

·         Thailand

·         Malaysia

·         Hong Kong

·         Taiwan

·         Singapore

·         Indonesia

·         Sri Lanka

·         Rest of Asia-Pacific

·         North America

·         U.S.

·         Canada

·         Mexico

·         Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Sweden

·         Austria

·         Finland

·         Belgium

·         Turkey

·         Russia

·         Poland

·         Hungary

·         Czech Republic

·         Switzerland

·         Netherlands

·         Rest of Europe

·         South America

·         Brazil

·         Argentina

·         Chile

·         Colombia

·         Rest of South America

·         Middle East & Africa

·         South Africa

·         U.A.E.

·         Saudi Arabia

·         Oman

·         Qatar

·         Iran

·         Egypt

·         Rest of Middle East and Africa

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