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China Amine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

China Amines Market is segmented by Type (Ethyleneimines, Alkylamines, Fatty Amines, Specialty Amines, and Ethanolamine's), End-user Industry (Rubber, Personal Care Products, Cleaning Products, Adhesives, Paints, and Resins, Agro Chemicals, Oil and Petrochemical, and Other End-user Industries).

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China Amines Market Size

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Market Summary-China Amines Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 4.50 %
Market Concentration High

Major Players

China Amines Market

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of China Amines Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

China Amines Market Analysis

The market for China amines is expected to grow at a CAGR of more than 4.5% globally during the forecast period. The increasing demand for personal care products and accelerating demand from the pharmaceutical industry has been driving the market growth.

  • However, the strict compliance in china with respect to environmental concerns and lowering of export subsidies, easy availability of economical and eco-friendly alternatives and the outbreak of COVID-19 disease across the globe are likely to hinder the growth of the studied market.
  • The occurrence of heterocyclic amines in commercial fast-food meat products and boosting hydrogen production by primary amines is expected to drive the demand for the market during the forecast period are likely to provide opportunities for the China amines market over the next five years.

China Amines Market Trends

This section covers the major market trends shaping the China Amines Market according to our research experts:

Personal Care Products to dominate the market

  • Personal care is one of the major end-users for amines. Primary aromatic amines (PAAs) are used as ingredients, in a variety of products in the personal care segment, such as foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others.
  • Some of the majorly used amines in this sector include Triethanolamine (TEA) and Monoethanolamine (MEA).
  • China has become the largest consumer, as well as one of the largest producers of amines. The production has reached such high levels that it has become a major hub for exporting cosmetics and personal care products to developed nations, such as the United States, the United Kingdom, and Spain.
  • According to the National Bureau of Statistics of China, the retail sales of cosmetics and personal care products in 2019, China, is 299.22 billion Yuan which is around 14.24% higher than the previous year.
  • Amines are widely utilized in disinfectant concentrate or disinfectant as a virucide in hand sanitizer. The outbreak of diseases has driven consumers to take up various preventive measures, such as the increased use of hand sanitizers which is expected to enhance the demand for amines over the forecast period.
  • The above-mentioned factors are anticipated to drive the demand for personal care products during the forecast period.
China Amines Market Revenue Share

Ethyleneamines Segment to Dominate the Market

  • Ethyleneamines are required in a large number of industries in China, including, pharmaceutical, automotive, and several others.
  • Hurricane Chemicals and Lianmeng Chemicals are the major local players in China, with a capacity of around 10,000 metric tons/year of EDA (ethylenediamine).
  • The pharmaceutical industry in the country is expected to witness rapid growth. According to IQVIA, the pharmaceutical industry in the country is expected to reach USD 175 billion, by 2022 and it is anticipated that China to become the second-largest overall pharmaceutical spending by 2024 just behind the United States. This is likely to augment the demand for ethyleneamine from the sector, owing to its requirement as a raw material.
  • Furthermore, the outbreak of novel coronavirus (COVID-19) pandemic becomes a huge growth catalyst for the pharmaceutical industry.
  • Hence, all such market trends are expected to drive the demand for China amines market during the forecast period.
  • However, the sales of vehicles declined in the country after 2018, which has created a challenging scenario for the market studied in automotive applications. Moreover, the outbreak of the COVID-19 disease has a severe impact on the China automotive industry, which is expected to induce negative momentum on the demand for amines over the forecast period.
China Amines Market Revenue Share

China Amines Industry Overview

The China amines market is partially consolidated in nature. Some of the major companies are BASF SE, Evonik Industries AG, Eastman Chemical Company, Shandong IRO Amine Industry Co., Ltd., and INEOS amongst others.

China Amines Market Leaders

  1. BASF SE

  2. Evonik Industries AG

  3. Eastman Chemical Company

  4. Shandong IRO Amine Industry Co., Ltd.

  5. INEOS

*Disclaimer: Major Players sorted in no particular order

China Amines Market Concentration.png
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China Amines Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Personal Care Products

      2. 4.1.2 Accelerating Demand from the Pharmaceutical Industry

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Strict Compliance in China with Respect to Environmental Concerns and Lowering of Export Subsidies

      2. 4.2.2 Easy Availability of Economical and Eco-friendly Alternatives

      3. 4.2.3 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

      1. 4.5.1 Current Technologies

        1. 4.5.1.1 Zeolite-catalyzed Methylamines Processes

        2. 4.5.1.2 Direct Amination of Isobutylene

    6. 4.6 PESTEL Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Ethyleneamines

      2. 5.1.2 Alkylamines

      3. 5.1.3 Fatty Amines

      4. 5.1.4 Specialty Amines

      5. 5.1.5 Ethanolamines

    2. 5.2 End-user Industry

      1. 5.2.1 Rubber

      2. 5.2.2 Personal Care products

      3. 5.2.3 Cleaning Products

      4. 5.2.4 Adhesives, Paints, and Resins

      5. 5.2.5 Agro Chemicals

      6. 5.2.6 Oil and Petrochemical

      7. 5.2.7 Other End Users (includes Electronics, Construction)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 Ascend Performance Materials

      3. 6.4.3 BASF

      4. 6.4.4 Eastman Chemical Company

      5. 6.4.5 Evonik Industries AG

      6. 6.4.6 Henan Prosper Chemicals Co. Ltd

      7. 6.4.7 Huntsman Corporation

      8. 6.4.8 INEOS

      9. 6.4.9 INVISTA

      10. 6.4.10 LyondellBasell Industries NV

      11. 6.4.11 Quzhou New Refrigeration Material Co. Ltd

      12. 6.4.12 Shandong IRO Amine Industry Co. Ltd

      13. 6.4.13 Solvay SA

      14. 6.4.14 Tosoh Corporation

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Occurrence of Heterocyclic Amines in Commercial Fast-food Meat Products

    2. 7.2 Boosting Hydrogen Production by Primary Amines

    3. 7.3 Other Opportunities

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China Amines Industry Segmentation

The China amines market report include:

Type
Ethyleneamines
Alkylamines
Fatty Amines
Specialty Amines
Ethanolamines
End-user Industry
Rubber
Personal Care products
Cleaning Products
Adhesives, Paints, and Resins
Agro Chemicals
Oil and Petrochemical
Other End Users (includes Electronics, Construction)
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China Amines Market Research FAQs

The China Amines Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

BASF SE, Evonik Industries AG, Eastman Chemical Company, Shandong IRO Amine Industry Co., Ltd. and INEOS are the major companies operating in the China Amines Market.

The report covers the China Amines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Amines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

China Amine Industry Report

Statistics for the 2024 China Amine market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. China Amine analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

China Amine Market Report Snapshots

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China Amine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)