Amine Catalyst Market Size & Share, by Type (Reactive, Non-Reactive); Application (Foam, Adhesive & Sealant, Coating, Elastomer); End-user (Automotive, Consumer Electronics, Construction, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4096
  • Published Date: Mar 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Amine Catalyst Market size is projected to cross USD 25 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023-2035. In the year 2022, the market size of amine catalyst was USD 15 Billion in the year 2022. The major factor attributed to the growing market in the assessment period is the increasing demand for amine catalysts in the automotive industry. Amine catalyst is heavily being used as a coating material as a substitute for leather for making seat covers of vehicles owing to its advantages such as protection from UV radiation and high temperature. Thus, the increased production rate of vehicles is estimated to bring in lucrative growth opportunities for market growth during the estimated time period. As per the Organization of Motor Vehicle Manufacturers (OICA), the global production of vehicles was 80,145,988 units in 2021 around the world. This figure has increased from 77,711,725 units of vehicles in 2020.

Amine catalysts aid the development of foams, adhesives & sealants, coatings, elastomers, and others. All these applications of amine catalysts are projected to expand the usage of amine catalysts in various end-use industries such as automotive, construction, electrical & electronics, and other industries which in turn is anticipated to expand the size of the global amine catalyst market during the forecast period. Furthermore, amine catalysts also have characteristics of corrosion inhibitors in lubricants, machining fluids, and cooling systems for industrial, automotive, marine, and other applications which are estimated to create favorable opportunities for market expansion in the forecast period. 


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Amine Catalyst Sector: Growth Drivers and Challenges

Growth Drivers

  • Rapid Growing Construction Sector – Amine catalysts are considered to be an ideal option for construction processes as rigid forms and increase the strength of the infrastructure. Thus, the rapid expansion of the construction industry and high investments in the construction sector by major key players and the government are anticipated to fuel the growth of the global amine catalyst market in the upcoming years. As per recent statistics, the total spending in the U.S. construction sector was expected to be USD 1.36 trillion in 2020. Further, the U.S. construction industry accounted for 4.2% of the total GDP in 2021.

  • Quick Expansion of the Automotive Industry – Anime catalyst has very advantageous benefits including high tensile strength, resistance against extreme heat, protection from harmful UV rays, and others. Thus, vehicle manufacturers are demanding a high amount of amine catalyst for producing highly-efficient vehicles. Hence, the swift expansion of the automotive sector is expected to create a positive outlook for market growth in the next few years. As per the recent data published, it has been calculated that the global automotive industry is projected to garner approximately USD 9 trillion by 2030.

  • Investments Made in the Chemical Industry for High Production of Amine Catalyst – It has been calculated that the global chemical industry garnered almost USD 5 trillion in 2021 worldwide.

  • Increased Expenditure on Research and Investment Activities -  Key players of the global market is investing huge amounts in developing technologically developed components such as amine catalyst in the upcoming years for bridging the gap between supply and demand of amine catalyst in various end-use industries. Thus, the high expenditure on research and development activities is expected to create a positive outlook in the upcoming years. The World Bank released the global expenditure made in the Research & Development (R&D) sector which showed that in 2020 it was 2.63% of the total GDP. This is an increase from year 2.14% of the total GDP in 2016.

Challenges

  • Highly Volatile Nature of Amine Catalyst
  • High Cost Associated with the Manufacturing Processes - Although amine catalyst has many benefits, the production process requires huge investments. Such high manufacturing costs subsequently result in increased costs for the end users. This trend is anticipated to lower the adoption rate of products manufactured with ethylene glycol owing to the presence of a large population base with low and middle income. Hence, it is estimated to hamper the market growth during the assessment period.
  • Requirement of High Investments

Amine Catalyst Market: Key Insights

Base Year

   2022

Forecast Year

   2023-2035

CAGR

   ~5%

Base Year Market Size (2022)

   ~ USD 15 Billion

Forecast Year Market Size (2035)

   ~ USD 25 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Amine Catalyst Segmentation

Application (Foam, Adhesive & Sealant, Coating, Elastomer)

The global amine catalyst market is segmented and analyzed for demand and supply by application into foam, adhesive & sealant, coatings, elastomers, and others. Out of these, the adhesives and sealants segment is attributed to holding a major share of the market by the end of 2035. The major factor for the segment growth is the rising use of adhesives and sealants in various end-use industries such as construction, electrical, automotive, oil & gas, and other sectors. Recent calculations stated the global adhesives industry generated a notable revenue of almost USD 45 billion in 2020. Also, the usage of amine catalysts in packaging, paper, plastic, and other industries owing to their flexibility, coupled with the ease of availability in a wide range of varieties is estimated to bring opportunities for significant revenue generation in the upcoming years.

End-user (Automotive, Consumer Electronics, Construction, Industrial)

The global amine catalyst market is also segmented and analyzed for demand and supply by end-user into automotive, consumer electronics, construction, industrial, and others. Out of these, the automotive segment is projected to hold a significant share with a notable CAGR value during the assessment period. One of the major factors that are estimated to bring in lucrative growth opportunities for segment expansion is the rising rate of production and sales of vehicles coupled with increased demand for vehicles for individualized transportation. For instance, it was found that the global sales of automobiles were just under 70 million units in 2021. Also, the need for comfortable interiors and smart features in vehicles to enhance the driving experience is estimated to increase the demand for amine catalysts in the next few years. Furthermore, the availability of efficient automotive finance methods is projected to increase the usage of an automobile and is also estimated to favor segment growth.

Our in-depth analysis of the global market includes the following segments:

             By Type

  • Reactive
  • Non-Reactive

            By Application

  • Foam
  • Adhesive & Sealant
  • Coating
  • Elastomer
  • Others

            By End-User

  • Automotive
  • Consumer Electronics
  • Construction
  • Industrial
  • Others

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Amine Catalyst Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific amine catalyst market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the increasing need for transportation activities in the countries, especially in India, Japan, China, and others, along with the growing sale of automobiles owing to a rise in disposable income, the higher surge in the sale of vehicles, along with the presence of major automobile manufacturers in the region. For instance, over 3.50 million units of passenger and commercial vehicles were sold in India in 2020. Further, the major boom in the chemical industry is also estimated to potentially accelerate the amine catalyst market in the region as acetylene is highly used in various end-user industries. In addition to this, the region's expanding construction industry and rising real estate investment are also anticipated to boost market growth in the APAC region during the forecast period.

North American Market Forecast   

The North American acetylene market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the proliferating manufacturing of aircraft, and automobiles. Based on a report, the general aviation aircraft fleet in the United States is projected to increase from 205,670 in 2021 to 210,898 by 2041. Moreover, the growing sale of vehicles in the U.S. and Canada, along with the surge in the welding, and metal fabrication industries are further estimated to raise the acetylene market growth in the region during the projected time frame.

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Companies Dominating the Amine Catalyst Landscape

top-features-companies
    • Clariant AG

      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Evonik Industries AG
    • BASF SE
    • Covestro AG
    • Huntsman International LLC
    • Kao Corporation
    • Momentive Inc.
    • Elé Corporation
    • Avient Corporation
    • Linde plc

In the News

  • FLinde plc announced that it has expanded its agreement with Celanese Corporation, a global chemical and specialty materials company. As per the agreement, Linde is poised to supply carbon dioxide, along with oxygen, nitrogen, and carbon monoxide to the company.

  • Avient Corporation launched Edgetek Toughened PPA formulations that can offer high-heat performance, low moisture absorption, and excellent impact resistance.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4096
  • Published Date: Mar 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing use of amine catalysts in the automotive industry and the high demand for amine catalysts in various end-use industries boost market growth.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2035.

Highly volatile nature of amine catalysts coupled with the high cost associated with the manufacturing processes and the requirement of high investments are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Clariant AG, Evonik Industries AG, BASF SE, Covestro AG, Huntsman International LLC, Kao Corporation, Momentive Inc., Elé Corporation, Avient Corporation, Linde plc, and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, end-user, and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Amine Catalyst Market Report Scope
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