Soaring Demand in Personal Care Products to Lead the Market
Amine is one of the cheapest and the most easily available raw material for personal care products. Amines are used in the manufacture of various personal care products, such as hand lotions, soaps, cosmetic creams, shaving creams, laundry detergents, body washes, shampoos, cosmetics, fragrances, and hair dyes, among others. The growing purchasing power of middle-class population is leading people to spend more on comfort and beauty. Thus, growth in the use of personal care products is expected to boost the demand for amines.
The growing demand for pesticides from developing countries is due to the increased importance on crop yield and efficiency. The pesticide section is driven by the increasing use of herbicide-resistant crops. However, the increasing usage of bio-based products in agriculture, especially in developed countries of North America, is restraining the market for amines.
The development of new wood preservation chemicals, construction chemicals, and agro-chemicals is opening up newer applications for products related to the amine market, thereby, providing the market with an opportunity for growth.
Increasing Application Base
One of the major products of amines is ethylamine, which accounts for the greatest global market share, as it has a large variety of applications in agrochemicals, plastics, dyes, rubber industry, and textiles. The demand for another major product of amines, i.e. fatty amines, is running high owing to its increasing applications.
Asia-Pacific Region to Lead the Market
Asia-Pacific accounts for the highest share and is also expected to witness the highest growth rate during the forecast period. Japan is the biggest consumer of beauty products, followed by China in the Asia-Pacific region. The cosmetics & personal care industry has been the one industry that has been unaffected by economic and socio-political changes. It is known as the recession-free industry. The Asia-Pacific region has been the fastest growing regional market for shaving creams, which has also led to the growth of the amines market as they are a major raw material for shaving creams. The major manufacturers have also been launching new products and increasing their production facilities to meet the growing demand for personal care products, in this region.
Key Developments in the Market
March 2018: Eastman has world-class internal manufacturing and external sourcing partnerships that ensure our ability to grow, innovate, and serve our customers in this growing market.
Feb 2018: Dongming Hengchang Petrochemical Company selected LyondellBasell’s Spheripol PP Technology for a Chinese project.
Major Players: INEOS, Huntsman, Dow Chemicals, AkzoNobel, and Eastman Corporation, among others.
Reasons to Purchase this Report
- To understand the impact of end-user applications on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating technology in the market
- To identify the countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Price Analysis
3.4 Production Analysis
3.5 Technological Snapshot
4. Market Dynamics
4.1.1 Growing Demand for Personal Care Products from Asia-Pacific
4.1.2 Accelerating Demand for Pesticides from Developing Countries
4.1.3 Increasing Demand and Usage in Construction Sector
4.2.1 Rising Consumption of Wood-free Products
4.2.2 Increasing Usage of Bio-Based Products for Agriculture in Developed Countries
4.3.1 Development of New Applications
4.3.2 Increasing Usage of Genetically Modified Herbicide-Tolerant Seeds
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By End-user Industry
5.1.2 Personal Care products
5.1.3 Cleaning Products
5.1.4 Adhesives, Paints and Resins
5.1.5 Agro Chemicals
5.1.6 Oil & Petrochemical
5.1.7 Other Applications (includes Electronics, Construction, among others)
5.2 By Type
5.2.3 Fatty Amines
5.2.4 Specialty Amines
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.7 Rest of Europe
6.4 South America
6.4.4 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.1 Air Products and Chemicals Inc.
8.2 Akzo Nobel N.V.
8.3 Alkyl Amines
8.5 BASF SE
8.6 Celanese Corporation
8.7 Clariant International Ltd
8.8 Huntsman Corporation
8.11 LyondellBasell Industries N.V.
8.12 Mitsubishi Gas Chemical Company, Inc.
8.15 Solvay S.A.
8.16 Taminco Corporation (Eastman Chemical Company)
*List Not Exhaustive
**Subject to availability on public domain
- Air Products and Chemicals Inc.
- Akzo Nobel N.V.
- Alkyl Amines
- BASF SE
- Celanese Corporation
- Clariant International Ltd.
- Huntsman Corporation
- LyondellBasell Industries N.V.
- Mitsubishi Gas Chemical Company Inc.
- Solvay S.A.
- Taminco Corporation