Amines Market
Amines are intermediate chemical compounds that are used in the manufacturing of other chemical products. It is produced by the alkylation of alcohols or the reduction of nitriles. They are categorized into primary amines, secondary amines, tertiary amines, and cyclic amines. Amines are widely used in the production of herbicide formulations, cement and concrete, corrosion inhibitors, chelating agents, and petroleum products.
Market Dynamics
There is a growing demand for surfactants from various applications such as agricultural formulations, fabric softeners, biocides, detergents, and emulsifiers. Growth in the textile industry is another major factor fueling demand for surfactants. Surfactants are also used in the production of various agricultural chemical products. All these factors are expected to augment the global amines market growth over the forecast period.
Rapidly growing end user industries such as construction, energy, manufacturing, and FMCG are boosting the demand for amines. Growth in chemical industries due to increasing investments in the industry coupled with the rising production of chemicals due to the growing demand from various end user industries will favor the market growth over the forecast period. Hence, the rapidly growing end user industry is expected to bolster the global amines market growth.
Fluctuating prices of raw materials used in the manufacturing of amines and its derivatives are expected to hamper the market growth.
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