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Potential Growth of Amines Market in the Asia-Pacific Region
Asia-Pacific shows incredible opportunity for the amines market due to its focused application areas such as personal care, cleaning solutions, and water treatment. Currently, the demand of amines is driven by applications such as personal care, cleaning application, gas treatment, agriculture chemicals, and water treatment. The demand for this market is supported by increasing population, need of clean and pure water, increasing awareness for skin-related issues, and so on.
The global demand for amines is increasing rapidly due to diversified uses in various applications ranging from industrial to personal use. Ethanolamines, alkylamines, fatty amines, specialty amines, and ethylene amines are the five important types of amines. Ethanolamine held the largest share in 2012 with the demand of alkylamines growing fastly in other applications. The demand for amines is anticipated to grow due to their wide industrial usage and end-user demand from different applications due to the increased focus on personal care, cleaning solutions, others.
Due to increase in consumption of amines in the Asia-Pacific region, new projects and environmental rules -and regulations related to amines are taking place The increasing purchasing power in developing countries; economic growth, potential projects supported by respective governments; and need for high performance products may add to the greater demand in the future.
Tosoh Corporation, headquartered in Japan, aims to increase its presence in the Asia-Pacific market particularly in Japan by increasing its application development capability and global production infrastructure. Alkyl Amines Chemicals Limited and Taminco NV are leading companies that cater to the increased demand for alkylamines in the Asia-Pacific region. India is a vital market for amines with notable manufacturers such as Indo Amines Ltd., Balaji Amines Limited, and Alkyl Amines Chemicals Limited.
Amines Market By Type (Ethanolamines, Alkylamines, Fatty Amines, Specialty Amines And Ethylene Amines), By Application (Agricultural Chemicals, Cleaning Products, Gas Treatment, Personal Care Industry, Petroleum, Water Treatment & Others) & Geography - Trends And Forecasts To 2018
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