Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Specialty Amines Market size was over USD 15.77 billion in 2024 and is poised to exceed USD 30.11 billion by 2037, witnessing over 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of specialty amines is evaluated at USD 16.45 billion.
The rising advancement in pharmaceutical industries globally will exponentially help the specialty amines market to grow in the upcoming years. According to the data provided by the Congressional Budget Office of the U.S., compared to the preceding eleven years, the number of new pharmaceuticals licensed for sale climbed by 60% between 2010 and 2021, reaching a peak of 59 new drugs approved in 2018.
Specialty Amines Sector: Growth Drivers and Challenges
Growth Drivers
- The increasing expansion of fertilizers and pesticides industries - Pesticides are widely employed in contemporary agriculture because they are a cost-efficient and productive technique to improve production quality and volume, keeping food security for the growing global population.
Pesticides are extensively used in the crops and fiber production of the world is also growing. To illustrate, as described in the Global Environment Document Repository, global natural fiber output was projected to reach 32 million tons in 2018. The size of the global fiber industry is anticipated to expand rapidly until at least 2025. - The rising demand for specialty chemicals in different types of industries - The five biggest sectors of the specialty amines market worldwide in 2022 were water-soluble polymers, building chemicals, electronic chemicals, industrial & institutional cleaners, and specialty polymers, with a combined market share of around 40% as found in our in-depth research. There are multiple subsegments inside each specialty chemicals industry segment, each with its own unique product, market, and competitor profiles.
- Increasing adoption of chemical products across the world - Generally speaking, the manipulation and particularly the transformation of matter, usually at the molecular level, characterizes the activities of the chemical industry. All socioeconomic systems, including those in the agricultural, transportation, global health, and information economies, are still centered around these activities.
Challenges
- The excessive cost accompanying specialty amines - As per the American Chemistry Council, in 2020 the industry brought in over USD 553 billion and had over 870,000 employees, earning an average income of more than USD 87,000. However, to stay competitive, chemical firms must streamline their manufacturing processes in addition to dealing with escalating prices.
Costs vary from step to step, and inefficiencies at any one of these phases might result in increased expenses and decreased earnings. - Rising adoption of a healthy lifestyle - The adoption of a healthy lifestyle by end consumers and their increased awareness of the harmful effects of agrochemicals have emerged as key obstacles to the expansion of the amine industry. Because organic and biobased goods are safe for human consumption, more people are choosing them. Its overall expansion may be hampered by the constant fluctuations in raw material prices and availability.
Specialty Amines Market: Key Insights
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.1% |
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Base Year Market Size (2024) |
USD 15.77 billion |
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Forecast Year Market Size (2037) |
USD 30.11 billion |
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Regional Scope |
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Specialty Amines Segmentation
Type (Alkyl Alkanolamines, Ethanolamines, Ethyleneamines, Isopropanolamines)
Ethanolamines segment is poised to account for around 48% specialty amines market share by 2037 because of the intensive use of ethanolamines as feedstock in the generation of detergents, pharmaceuticals, emulsifiers, etc. globally.
Between 2025 and 2037, the world's consumption of ethanolamines is expected to increase at an average annual rate, mostly due to the growth of growing Asian markets, especially those in mainland China. The current global population growth and climate change make it imperative that innovative, practical, and affordable natural products be developed for the good of humanity.
Treatment Type (Water Treatment, Personal Care)
By 2037, personal care segment is estimated to dominate over 70% specialty amines market share owing to the increasing use of specialty amines in personal care kinds of stuff such as soaps, shampoos, and different types of creams, etc.
Eastman's functional amines division produces basic alkyl amines and solvents, which serve as the foundation for many of its downstream derivative products. The specialized amines division of Eastman comprises formic acid solutions, performance products, and specialty intermediates. These offerings offer amine-derived building blocks that are commonly utilized in personal care end-use applications.
Function (Solvent, Chelating Agent, Corrosion Inhibitor, Bleach Activators, Surfactants)
In specialty amines market, surfactants segment is predicted to account for around 37% revenue share by 2037 due to the increasing awareness associated with personal care in people globally.
According to the Personal Care Association Europe, the 500 million customers in Europe who use cosmetics and personal care products daily do so to safeguard their health, improve their well-being, and increase their self-esteem. Cosmetics, which include everything from antiperspirants to perfumes, shampoos, make-up, and sunscreen to soaps, tubes of toothpaste, and sunscreens, are vital at every stage of life and offer significant emotional and practical advantages.
Our in-depth analysis of the global specialty amines market includes the following segments:
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Type |
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Treatment Type |
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Grade |
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Function |
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Application |
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End-Users Industries |
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Implementation Type |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Specialty Amines Industry - Regional Synopsis
North American Market Statistics
North America industry is estimated to dominate majority revenue share of 38% by 2037. This growth will be noticed owing to the increasing use of raw materials in pharmaceutical industries for specialty amines in this region. The United States chemical industry stated that they transform raw materials into over 70,000 different products that are necessary for contemporary living and then supply those goods to over 750,000 final consumers across the country.
The rising chemical industry and the expanding export of chemicals will help the U.S. to have a huge expansion in the specialty amines industry. At almost 9 percent of all U.S. exports, the chemical industry is the country's largest exporter.
Canada will also encounter a huge expansion due to the rising pesticide industry in this country and specialty amines used to make pesticides like herbicides and fungicides. According to Innovation, Science, and Development Canada, in 2023 there was almost USD 124 million export has been made on pesticides in Canada.
APAC Market Analysis
APAC region specialty amines market revenue is expected to witness significant growth till 2037 owing to the increasing modernization of agricultural sectors in this region. Firstly, modern agriculture is needed to meet the vast demands of a large population. With 76% of Asia’s poor living in rural regions, improving agricultural output and income is vital to eliminating poverty, according to the theme chapter of Asian Development Outlook 2021 Update issued in September 2021.
The rising need for food production with the rising population in China will expand the specialty amines industry growth. It is critical to match agriculture with the requirements of China's population of over 1.4 billion as it seeks modernization for its benefit.
The rising beauty care and cosmetics industry in Korea will help the specialty amines industry to grow at a rapid pace in this country. According to the International Trade Association (ITA), the Korean government revealed intentions in March 2023 to create big data and IoT-based individualized skin diagnostic programs and customized cosmetics to support the country's bio-health sector.
Recent developments in AI and digitalization in Japan will help this country expand specialty amines market demand in this region. NEC, a Tokyo-based company that has been actively involved in AI research, is a pioneer in the integration of network and IT technologies.
Companies Dominating the Specialty Amines Landscape
- BASF SE
- Company Overview
- Business Planning
- Main Product Offerings
- Financial Execution
- Main Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Air Products and Chemicals Inc.
- Arkema Group
- The Dow Chemical Company
- BorsodChem MCHZ
- Eastman Chemical Company
- Alkyl Amines Chemicals Ltd
- Huntsman Corporation
- Ascend Performance Materials LLC
- SABIC
- Solvay
Recent Developments
- BASF SE and Shandong Wiskind Architectural Steel Co., Ltd. (Wiskind) have grown their strategic cooperation with renewable polyurethanes (PU) sandwich panels for cold chain utilizations.
- BASF SE uncovered a total solution photovoltaic (PV) frame, co-developed with Jiangsu Worldlight New Material Co., Ltd (Worldlight), an international producer of PV composite frames. The PV frame, created with an industry-leading total solution that blends polyurethanes (PU) with a water-borne coating solution, outcomes in an 85% limitation in product carbon footprint (PCF) vs aluminum frames.
- Report ID: 5999
- Published Date: Jan 03, 2025
- Report Format: PDF, PPT
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