Global Amines Market is Growing Rapidly as its Demand Continues to Grow due to High Use of Amines in Construction Sector and Pesticides in Emerging Economies Including India

 

Amines are natural chemicals that play a critical role in a variety of biological processes, including metabolism, respiration, neurotransmission, growth, development, immunity, inflammation, fluid, and muscle contraction. Amines are important to the development of cells and tissues as well as for cell maintenance and repair and growth. Amines are synthesized in the cytoplasm of various cells as a part of the cellular processes. Amines found in living cells include the three-carbon amines, which are generally found in various plants; catecholamines, which include epinephrine, norepinephrine, and dopamine; and a local excitatory substance, histamine, which occur predominantly in the respiratory tract. 


 Increasing use of pesticides in emerging economies is expected to drive growth of the global amines market during the forecast period. According to the United Nations Food and Agricultural Organization (FAO), pesticide use in India reached 0.31 kilogram per hectare in 2017, increasing from 0.24 kilogram per hectare in 2010. This means, 52,750 tons of pesticides were used in India in 2017, increasing from 40,094 in 2010. According to the same source, global pesticide production reached 62,528.21 tons in 2016, increasing from 41,578.73 tons in 2010. Aromatic amines are widely used as herbicides and hence it is witnessing significant demand. Thus, these factors are expected to drive growth of the global amines market during the forecast period. Furthermore, increasing demand and usage in the construction sector is expected to propel the global amines market growth over the forecast period.

However, increasing consumption of wood-free products and growing use of bio-based products in agriculture in developed countries is expected to restrain growth of the global amines market during the forecast period. Among regions, Asia Pacific is expected to witness significant growth in the global amines market during the forecast period. This is owing to rapid growth of various industries such as energy, construction, manufacturing, and more in emerging economies such as South Korea, India, and China. Besides, the presence of key chemical manufacturers is expected to boost the regional market growth in the near future. Furthermore, Europe is expected to register a robust growth rate over the forecast period, owing to the presence of key market players such as BASF SE in the region.

Key companies involved in the global amines market are Air Products and Chemicals, Inc., Tosoh Corporation, BASF SE, Solvay, Celanese Corporation, SABIC, Clariant, Mitsubishi Gas Chemical Company Inc., Daicel Corporation, LyondellBasell Industries N.V., DowDuPont, INVISTA, Huntsman International LLC, and INEOS.

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