The global tertiary amines market size is projected to reach USD 5.72 billion by 2025, expanding at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. Widespread use of the product in pharmaceuticals, personal care, agriculture chemicals, pharmaceuticals, and textile fiber industries is projected to drive the growth.
In the pharmaceuticals industry, tertiary amines and their derivatives are used as intermediates for manufacturing medicines. The derivatives with ring-like structure of aryl group are used for manufacturing drugs, such as rosuvastatin, used for lowering cholesterol; aripiprazole belonging to the class of antipsychotic; and imatinib, used for cancer treatment. Derivatives such as imipramine, amitriptyline, lofepramine, and clomipramine are used for manufacturing anti-depressants.
Asia Pacific tertiary amines market witnessed the fastest growth in 2018 owing to the rapidly growing agricultural chemical industry in emerging economies including China, India, Japan, and South Korea. The presence of key raw material suppliers and manufacturers with massive production capacities is expected to further propel the regional growth.
The personal care application is expected to record significant growth over the forecast period. The rapidly growing personal care industry in emerging economies, such as China and India along with the rising consumer preference for personal hygiene and skincare is expected to drive the demand for tertiary amines demand.
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Further key findings from the report suggest:
- C-8 tertiary amine is anticipated to expand at a CAGR of 4.4%, in terms of revenue, from 2019 to 2025 as they are majorly used for manufacturing amine oxides and surfactants
- Floatation reagents application segment is anticipated to hold a market share of 11.8% in 2025 on account of growing demand for the product in water treatment
- The consumption of tertiary amines in petroleum end use is expected to register a CAGR of 4.7% from 2019 to 2025 backed by rising demand for drilling fluids
- The Germany tertiary amines market is anticipated to exceed 47.6 kilotons by 2025 owing to the presence of major polyurethane foam manufacturers, such as BASF SE, Bauder, and Covestro
- Some of the key market participants are Arkema, Lonza, Dow Chemical Co., BASF SE, Kao Corporation, and Albemarle Corporation
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Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
1.2 Market research scope & assumptions
1.3 Information procurement
1.3.1 Information analysis
1.3.2 Market formulation & data visualization
1.3.3 Data validation & publishing
1.4 Research scope and assumptions
Chapter 2 Executive Summary
2.1 Market outlook
2.2 Segmental outlook
2.3 Competitive insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market lineage outlook
3.1.1 Global amines market outlook
3.1.2 Global tertiary amines market outlook
3.2 Tertiary amine market size & growth prospects, 2014 – 2025
3.3 Value chain analysis
3.3.1 Raw material outlook
3.3.2 Sales channel analysis
3.3.3 Price trend analysis, 2014 – 2018
3.3.4 Production cost analysis
3.4 Technology overview
3.4.1 From alcohol and aldehydes
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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