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China Amines Market Size (2024 - 2029)

The China amine market is anticipated to experience growth driven by increasing demand in personal care and pharmaceutical sectors. Despite challenges such as stringent environmental regulations, reduced export subsidies, and the availability of eco-friendly alternatives, the market is poised for opportunities. The presence of heterocyclic amines in fast-food products and the enhancement of hydrogen production by primary amines are expected to contribute positively to the market's expansion over the forecast period.

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Market Size of China Amines Industry

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

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*Disclaimer: Major Players sorted in no particular order

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 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 Size Summary

The China amine market is poised for significant growth, driven by increasing demand in the personal care and pharmaceutical sectors. Amines are integral to various personal care products, serving as foaming agents, emulsifiers, and solubilizing agents, with Triethanolamine and Monoethanolamine being particularly prevalent. China's position as a leading consumer and producer of amines has established it as a major hub for exporting cosmetics and personal care products globally. The demand for amines is further bolstered by their use in disinfectants and hand sanitizers, a trend accelerated by the COVID-19 pandemic. Despite these growth drivers, the market faces challenges from stringent environmental regulations, the availability of eco-friendly alternatives, and the impact of the pandemic on certain industries.

The pharmaceutical industry in China is expected to experience rapid expansion, which will likely increase the demand for ethyleneamines, a crucial raw material in the sector. Major local players like Hurricane Chemicals and Lianmeng Chemicals contribute significantly to the market's capacity. However, the automotive sector's decline in vehicle sales post-2018 and the pandemic's adverse effects pose challenges to the amines market in automotive applications. The market is partially consolidated, with key companies such as BASF SE, Evonik Industries AG, and Eastman Chemical Company playing significant roles. Overall, the China amines market is set to grow, supported by robust demand in personal care and pharmaceuticals, despite facing some industry-specific challenges.

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China Amines Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Personal Care Products

      2. 1.1.2 Accelerating Demand from the Pharmaceutical Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Strict Compliance in China with Respect to Environmental Concerns and Lowering of Export Subsidies

      2. 1.2.2 Easy Availability of Economical and Eco-friendly Alternatives

      3. 1.2.3 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

    5. 1.5 Technological Snapshot

      1. 1.5.1 Current Technologies

        1. 1.5.1.1 Zeolite-catalyzed Methylamines Processes

        2. 1.5.1.2 Direct Amination of Isobutylene

    6. 1.6 PESTEL Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Ethyleneamines

      2. 2.1.2 Alkylamines

      3. 2.1.3 Fatty Amines

      4. 2.1.4 Specialty Amines

      5. 2.1.5 Ethanolamines

    2. 2.2 End-user Industry

      1. 2.2.1 Rubber

      2. 2.2.2 Personal Care products

      3. 2.2.3 Cleaning Products

      4. 2.2.4 Adhesives, Paints, and Resins

      5. 2.2.5 Agro Chemicals

      6. 2.2.6 Oil and Petrochemical

      7. 2.2.7 Other End Users (includes Electronics, Construction)

China Amines Market Size 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.

China Amine Market Report Snapshots

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