The tertiary amines market size is projected to reach US$ 7.19 billion by 2031 from US$ 4.64 billion in 2023. The market is expected to register a CAGR of 5.6% in 2023–2031. The growing focus on increasing production capacities by the tertiary amine manufacturers is likely to remain a key tertiary amine market trends.
Tertiary Amines Market Analysis
The major factor driving the tertiary amines market is the increasing use of tertiary amines in various end-use applications. Tertiary amines find application in agricultural chemicals, pharmaceuticals, textiles, water treatment, cleaning products, personal care, and many other applications. Rising demand for detergents, cleaning products, etc., is fuelling the demand for tertiary amines. Tertiary amine derivatives are used in water treatments, oil fields, and personal care.
Tertiary Amines Market Overview
Tertiary amines are an amines having a trivalent group attached to three hydrocarbon groups in the molecule. They have a wide range of uses and are important products in the modern chemical industry. The applications of tertiary amines include quaternary derivatives, amine oxides, and betaines, which are used in household, industrial, and institutional cleaners and disinfectants, oil fields, wood treatment, personal care, water treatment, and other end-use markets. Tertiary amines are synthesized by using different methods such as reductive alkylation of aldehydes with secondary amines over metal catalysts, N-alkylation of amines or nitroarenes with alkylhalides or alcohols, amination of arylhalides, and other methods. There are several classes of tertiary amines.
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Tertiary Amines Market Drivers and Opportunities
Growing Focus towards Water Treatment Activities
Water treatment is becoming increasingly important in many countries and regions across the globe. Various European countries are progressing toward the protection of sensitive water systems, wastewater treatment targets, and the use of wastewater sludge. According to the data from the European Environment Agency (EEA) published in 2021, the collection and treatment of wastewater are improving across Europe. Further, in Southeast Asia, the increasing demand for clean water, growing water contamination, stringent government regulations on water treatment, and increasing industrial waste discharge into water bodies have necessitated initiatives to expand wastewater treatment facilities in the region. All these factors are driving the demand for tertiary amines.
Strong Growth of Personal Care Industry
The consistently growing personal care industry is also boosting the demand for tertiary amines. Personal care product manufacturers are focusing on product branding, advertising, and new product launch strategies to increase the sales of products. Also, growing income, standard of living, and increasing number of people using different personal care products are also driving the growth in the personal care industry, fuelling the growth of the tertiary amines market.
Tertiary Amines Market Report Segmentation Analysis
Key segments that contributed to the derivation of the tertiary amines market analysis are product, application, and end use.
- Based on product, the tertiary amines market is segmented into C-8, C-10, C-12, and others. The C-12 segment held a significant market share in 2023.
- By application, the market is segmented into surfactants, biocides, corrosion inhibitors, and others. The surfactants segment held a larger share of the market in 2023.
- In terms of end use, the market is segmented into agricultural chemicals, pharmaceuticals, textiles, water treatment, cleaning products, personal care, and others. The personal care segment held a larger share of the market in 2023.
Tertiary Amines Market Share Analysis by Geography
The geographic scope of the tertiary amines market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The Asia Pacific region holds a larger share of the global market. The major factor driving the growth of the tertiary amines market in Asia Pacific is the rising use of tertiary amines in various end-use applications. China is one of the major markets for tertiary amines. In Asia Pacific, rising consumption of personal care products, growth in oilfield drilling activities, rising focus towards water treatment activities, etc., are driving the demand for tertiary amines.
Tertiary Amines Market Regional Insights
Tertiary Amines Market Regional Insights
The regional trends and factors influencing the Tertiary Amines Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Tertiary Amines Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Tertiary Amines Market
Tertiary Amines Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 4.64 Billion |
Market Size by 2031 | US$ 7.19 Billion |
Global CAGR (2023 - 2031) | 5.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Tertiary Amines Market Players Density: Understanding Its Impact on Business Dynamics
The Tertiary Amines Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Tertiary Amines Market are:
- Eastman Chemical Company
- Dow Chemical Company
- Indo Amines Ltd
- Albemarle Corporation
- KLK OLEO
- Kao Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Tertiary Amines Market top key players overview
Tertiary Amines Market News and Recent Developments
The tertiary amines market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for tertiary amines and strategies:
- Eastman's care additives business has announced the completion of a significant expansion of its tertiary amine capacity, primarily DIMLA 1214, at both its Ghent, Belgium, and Pace, Florida, manufacturing sites. (Source: Eastman Chemical Company, Company website/Press Release/2022)
- Kao Corporation has decided to build a new tertiary amine production plant in Pasadena, Texas, United States, mainly to meet the growing demand for sterilizing/cleaning applications but also for a wide range of other industrial applications. (Source: Kao Corporation, Company Website/ News/2022)
- BASF will increase the production capacity for key specialty amines manufactured at its Geismar, Louisiana site. After the completed production capacity expansion of a flexible world-scale production asset by mid-2023, BASF will be able to produce more of its key polyetheramines and tertiary amines marketed under the Baxxodur and Lupragen brands. (Source: BASF SE, Company Website/News Release/2022)
Tertiary Amines Market Report Coverage and Deliverables
The “Tertiary Amines Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.