Menu ×

CHEMICALS AND ADVANCED MATERIALS

Quality Amine and Non-Amine Chemicals and Formulations Market Segmentation by Product Type {Amine (Ethanolamine, Ethylene Amine, Alkyl Amine, and Others), and Non-Amine}; by Application (Medicines, Water Treatment, Azo-Dyes, Pesticides, and Others); by End-User Industry (Healthcare, Agriculture, Textile, Personal Care, and Others) – Global Demand Analysis & Opportunity Outlook 2031

  • Text Size:

Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

Request Insights

Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

Read More

IN THE NEWS

  • April 30, 2020: Koei Chemical Company, Limited to provide raw materials to pharmaceutical companies Gilead Sciences, Inc. and FUJIFILM Toyama Chemical Co., Ltd.

  • September 29, 2021: Nouryon, a global specialty chemicals manufacturer, to start production at its new facility in China, aiming to support polymer demand in Asia for the packaging, paint and coatings and construction end-markets.

Global Quality Amine and Non-Amine Chemicals and Formulations Market Highlights over 2022 – 2031

The global quality amine and non-amine chemicals and formulations market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2031. Amines find application in various day-to-day activities, including production of amino acids inside the human body. The growing use of amine formulation and chemicals amongst various sectors is estimated to primarily drive the market growth. Besides, surge in the demand for agrochemicals, backed by increasing demand for food crops to feed the growing population, is anticipated to propel the market growth. For instance, it was noticed that the volume of agrochemicals reached close to 285 million metric tons in 2019. Moreover, amine chemicals find application in pharmaceutical industry, which is estimated to boost the market growth. Various analgesics, anesthetics, decongestants, including, morphine, Demerol and Novocain, contain amines. Moreover, increasing investment in the chemical sector globally, is projected to fuel the market growth.

Quality Amine and Non-Amine Chemicals and Formulations Market Graph

The market is segmented by application into medicines, water treatment, azo-dyes, pesticides, and others. Out of these segments, the medicines segment is anticipated to hold the notable share in the global quality amine and non-amine chemicals and formulations market over the forecast period on account of the increasing research activities in healthcare for development of new drugs, along with rising demand for analgesics. Moreover, increasing investment in the healthcare sector is further anticipated to encourage the segment growth.  CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Quality Amine and Non-Amine Chemicals and Formulations Market Regional Synopsis

On the basis of geographical analysis, the global quality amine and non-amine chemicals and formulations market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness modest growth over the forecast period on the back of growing chemical sector in the region, backed by the lower cost of raw materials and labor in the APAC region.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of the growing pharmaceutical research in the region, along with the high investment in healthcare sector. Furthermore, the presence of major pharmaceutical companies in the region is bound to surge the demand for amine, and other chemicals to manufacture drugs, which is projected to boost the regional market growth.

Quality Amine and Non-amine Chemicals Graph

The global quality amine and non-amine chemicals and formulations market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global quality amine and non-amine chemicals and formulations market includes the following segments:

By Product Type

  • Amine
    • Ethanolamine
    • Ethylene Amine
    • Alkyl Amine
    • Others
  • Non-Amine

By Application

  • Medicines
  • Water Treatment
  • Azo-dyes
  • Pesticides
  • Others

By End-User Industries

  • Healthcare
  • Agriculture
  • Textile
  • Personal Care
  • Others

Growth Drivers

  • Application of Amine Chemicals in Agriculture
  • Increasing Investment in Chemical Sector

Challenges

  • Circulation of Generic Chemicals

Top Featured Companies Dominating the Market

  • BASF SE
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • KOEI Chemical Co., Ltd.
  • Alkyl Amines Chemicals Ltd.
  • Volant Chem Corp.
  • Evonik Industries AG
  • Huntsman Corporation
  • Hexion Inc.
  • LUXI GROUP
  • Nouryon Chemicals Holding B.V.
  • Eastman Chemical Company

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved