Delvens has released a new research study titled "Speciality Amines market" analysis by the following subjects: Industry size, share, growth, segmentation, manufacturers and innovations, major trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, prospective road maps, and yearly forecast till 2030′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. report also looks at SWOT and Porter's Five Forces Analysis, as well as crucial statistics like expenditure, costs, revenue, and end-clients.
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.
Delvens Industry Expert's Standpoint
Due to specialty amines’ usage in pharmaceutical sector, rapid growth was observed during the pandemic when the need for medicines reached to an all time high. Moreover, in the agricultural sector, increased agricultural techniques used for crop protection have led to an increased demand of specialty amines because of their use in the chemical fertilizers and pesticides. Moreover, due to rapid industrialization in APAC countries like China and Japan, increased number of water treatment plants are being setup which is providing opportunity for growth in specialty amines market.
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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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.
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.
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In addition to the market data for the Speciality Amines Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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