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The amines market share in APAC is expected to increase by USD 4.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.58%.
This amines market in APAC research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers amines market segmentation in APAC by type (ethanolamine, alkylamine, ethylene amine, and others) and geography (China, Japan, India, South Korea (Republic of Korea), and Rest of APAC). The APAC amines market report also offers information on several market vendors, including Alkyl Amines Chemicals Ltd., Balaji Amines Ltd., BASF SE, Hexion Inc., Huntsman Corp., Indo Amines Ltd., Koei Chemical Co. Ltd, Luxi Chemical Group Co. Ltd., NOF Corp., and Volant-Chem Corp. among others.
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The increasing demand for pectin in convenience foods is notably driving the amines market growth in APAC, although factors such as lack of availability of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the amines industry in APAC. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Amines Market Driver in APAC
One of the key factors driving growth in the amines market in APAC is the increasing demand for pectin in convenience foods. Convenience food is commercially prepared food that requires minimum or no further preparation for consumption. This category includes packaged meals, preserved food, and instant food products. This category of food is called convenience food because it is easy to consume, portion-packed, time-saving, and freeze- or thaw-stable and has convenient packaging. With technological advancement in the packaging industry, the range of convenience has also expanded from frozen, chilled, and shelf-stable to portion ability, easily microwaveable, prepared-mixes, and others. Pectin is extensively used in a wide spectrum of convenience foods ranging from dressings and emulsified sauces and marinades to margarine and spreads. Pectin helps in enhancing the spreadability of low-fat margarine. The functional properties of amines are driving its market demand.
Key Amines Market Trend in APAC
The increasing demand from the pharmaceutical industry is a major amines market trend in APAC that is excepted to impact the industry positively in the coming years. Amines are the most prolific members of nitrogen-based organic compounds and also constitute the indirect source of ammonia. Amines are derived by replacing one or more hydrogen molecules from ammonia with one or the other alkyl molecules. Amines are vastly used in the pharmaceutical industry. It contains a ring-like structure known as the aryl group, which is majorly seen in pharmaceuticals such as antipsychotic aripiprazole cholesterol-lowering rosuvastatin, local anesthetic lidocaine, anticancer drug imatinib, and are also used as solvents and catalysts in various drug manufacturing. The amines market is growing in the pharmaceutical industry due to increasing awareness regarding health issues.
Key Amines Market Challenge in APAC
The lack of availability of raw materials will be a major challenge for the amines market in APAC during the forecast period. Amines are largely manufactured from the peels of apples and citrus fruits such as lemons, limes, and oranges. The supply of pectin, like any agricultural product, has fluctuated at times when weather or pest disease has caused damage, leading to limited crop yields. China's production of apples for the marketing year (MY) 2020-2021 was projected to decrease by around 5% to 40.5 million as compared with around 43 million apple production for MY 2019-2020. This could be attributed to the severe frosts during the apple flowering period in April, which adversely impacted the key apple-producing provinces in northwest China and led to disruptions in the availability of apples for the projected production of pectin in the country. Furthermore, logistical disruptions and reduced consumer purchases of apples in the first quarter of 2020 due to the pandemic that also led to the unavailability of enough raw materials in 2020.
This amines market in APAC analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the amines market in APAC as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the amines market in APAC during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the APAC amines market encompasses successful business strategies deployed by the key vendors. The amines market in APAC is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their product and service offerings through a clear and unique value proposition to compete in the market.
Alkyl Amines Chemicals Ltd. - The company offers aliphatic amines and amine derivatives for textile industries.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The amines market in APAC forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the APAC amines market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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52% of the market's growth will originate from China during the forecast period. Market growth in this region will be faster than the growth of the market in Japan, South Korea (Republic of Korea) and the Rest of APAC.
The outbreak of diseases has driven consumers to take up various preventive measures, such as the increased use of hand sanitizers. This will facilitate the amines market growth in China over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic became a huge growth catalyst for the pharmaceutical industry. The demand for several drugs was high as medicines were required in the treatment of the disease.
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The amines market share growth in APAC by the ethanolamine segment will be significant during the forecast period. Ethanolamine has several important industrial uses: as a scrubber to remove carbon dioxide, hydrogen sulfide, and other acidic pollutants from waste gas streams; as a starting material for manufacturing surfactants, chelating agents, and even pharmaceuticals; as an agent for softening leather; and as an additive for controlling pH in industrial water streams. Diethanolamine is a common ingredient in industrial cleaning products, such as engine degreasers and industrial strength detergents, due to its ability to break down oil and grease.
This report provides an accurate prediction of the contribution of all the segments to the growth of the amines market size in APAC and actionable market insights on post COVID-19 impact on each segment.
Trimethylamine market - The market share is expected to increase by USD 72.39 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.05%.
Amines market - The market share is expected to grow steadily during the forecasted period and post a CAGR of more than 5% by 2021.
Amines Market Scope in APAC |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.58% |
Market growth 2022-2026 |
$ 4.69 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.31 |
Regional analysis |
APAC |
Performing market contribution |
China at 52% |
Key consumer countries |
China, Japan, India, South Korea (Republic of Korea), and Rest of APAC |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alkyl Amines Chemicals Ltd., Balaji Amines Ltd., BASF SE, Hexion Inc., Huntsman Corp., Indo Amines Ltd., Koei Chemical Co. Ltd, Luxi Chemical Group Co. Ltd., NOF Corp., and Volant-Chem Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 07: Parent market
*Exhibit 08: Market Characteristics
**2.2 Value chain analysis
*Exhibit 09: Value chain analysis: Specialty chemicals
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.7 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 10: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 11: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 14: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 15: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 16: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 17: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 18: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 19: Threat of rivalry
**4.7 Market condition
*Exhibit 20: Market condition - Five forces 2021
***5. Market Segmentation by Type
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 21: Type - Market share 2021-2026 (%)
**5.2 Comparison by Type
*Exhibit 22: Comparison by Type
**5.3 Ethanolamine - Market size and forecast 2021-2026
*Exhibit 23: Ethanolamine - Market size and forecast 2021-2026 ($ million)
*Exhibit 24: Ethanolamine - Year-over-year growth 2021-2026 (%)
**5.4 Alkylamine - Market size and forecast 2021-2026
*Exhibit 25: Alkylamine - Market size and forecast 2021-2026 ($ million)
*Exhibit 26: Alkylamine - Year-over-year growth 2021-2026 (%)
**5.5 Ethylene amine - Market size and forecast 2021-2026
*Exhibit 27: Ethylene amine - Market size and forecast 2021-2026 ($ million)
*Exhibit 28: Ethylene amine - Year-over-year growth 2021-2026 (%)
**5.6 Others - Market size and forecast 2021-2026
*Exhibit 29: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Others - Year-over-year growth 2021-2026 (%)
**5.7 Market opportunity by Type
*Exhibit 31: Market opportunity by Type
***6 Customer landscape
**6.1 Overview
*Exhibit 32: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 33: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 34: Geographic comparison
**7.3 China - Market size and forecast 2021-2026
*Exhibit 35: China - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: China - Year-over-year growth 2021-2026 (%)
**7.4 Japan - Market size and forecast 2021-2026
*Exhibit 37: Japan - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Japan - Year-over-year growth 2021-2026 (%)
**7.5 India - Market size and forecast 2021-2026
*Exhibit 39: India - Market size and forecast 2021-2026 ($ million)
*Exhibit 40: India - Year-over-year growth 2021-2026 (%)
**7.6 South Korea (Republic of Korea) - Market size and forecast 2021-2026
*Exhibit 41: South Korea (Republic of Korea) - Market size and forecast 2021-2026 ($ million)
*Exhibit 42: South Korea (Republic of Korea) - Year-over-year growth 2021-2026 (%)
**7.7 Rest of APAC - Market size and forecast 2021-2026
*Exhibit 43: Rest of APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 44: Rest of APAC - Year-over-year growth 2021-2026 (%)
**7.8 Market opportunity by geography
*Exhibit 45: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing demand for pectin in convenience foods
*8.1.2 Growing demand for personal care products in APAC
*8.1.3 Accelerating demand for pesticides
*8.1.4 Increasing demand and usage in the construction sector
**8.2 Market challenges
*8.2.1 Lack of availability of raw materials
*8.2.2 Rising consumption of wood-free products
*8.2.3 Increasing usage of bio-based products for agriculture
*Exhibit 46: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing demand from the pharmaceutical industry
*8.3.2 Increasing investments in research and development (R&D) activities
*8.3.3 Growing prominence of organic food additives
***9. Vendor Landscape
**9.1 Overview
*Exhibit 47: Vendor landscape
**9.2 Landscape disruption
*Exhibit 48: Landscape disruption
*Exhibit 49: Industry risks
**9.3 Competitive scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 50: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 51: Market positioning of vendors
**10.3 Alkyl Amines Chemicals Ltd.
*Exhibit 52: Alkyl Amines Chemicals Ltd. - Overview
*Exhibit 53: Alkyl Amines Chemicals Ltd. - Product and service
*Exhibit 54: Alkyl Amines Chemicals Ltd. - Key offerings
**10.4 Balaji Amines Ltd.
*Exhibit 55: Balaji Amines Ltd. - Overview
*Exhibit 56: Balaji Amines Ltd. - Product and service
*Exhibit 57: Balaji Amines Ltd. - Key offerings
**10.5 BASF SE
*Exhibit 58: BASF SE - Overview
*Exhibit 59: BASF SE - Business segments
*Exhibit 60: BASF SE - Key news
*Exhibit 61: BASF SE - Key offerings
*Exhibit 62: BASF SE - Segment focus
**10.6 Hexion Inc.
*Exhibit 63: Hexion Inc. - Overview
*Exhibit 64: Hexion Inc. - Business segments
*Exhibit 65: Hexion Inc. - Key offerings
*Exhibit 66: Hexion Inc. - Segment focus
**10.7 Huntsman Corp.
*Exhibit 67: Huntsman Corp. - Overview
*Exhibit 68: Huntsman Corp. - Business segments
*Exhibit 69: Huntsman Corp. - Key offerings
*Exhibit 70: Huntsman Corp. - Segment focus
**10.8 Indo Amines Ltd.
*Exhibit 71: Indo Amines Ltd. - Overview
*Exhibit 72: Indo Amines Ltd. - Business segments
*Exhibit 73: Indo Amines Ltd. - Key offerings
*Exhibit 74: Indo Amines Ltd. - Segment focus
**10.9 Koei Chemical Co. Ltd
*Exhibit 75: Koei Chemical Co. Ltd - Overview
*Exhibit 76: Koei Chemical Co. Ltd - Business segments
*Exhibit 77: Koei Chemical Co. Ltd - Key offerings
*Exhibit 78: Koei Chemical Co. Ltd - Segment focus
**10.10 Luxi Chemical Group Co. Ltd.
*Exhibit 79: Luxi Chemical Group Co. Ltd. - Overview
*Exhibit 80: Luxi Chemical Group Co. Ltd. - Product and service
*Exhibit 81: Luxi Chemical Group Co. Ltd. - Key offerings
**10.11 NOF Corp.
*Exhibit 82: NOF Corp. - Overview
*Exhibit 82: NOF Corp. - Overview
*Exhibit 84: NOF Corp. - Key offerings
*Exhibit 85: NOF Corp. - Segment focus
**10.12 Volant-Chem Corp.
*Exhibit 86: Volant-Chem Corp. - Overview
*Exhibit 87: Volant-Chem Corp. - Product and service
*Exhibit 88: Volant-Chem Corp. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 89: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 90: Research Methodology
*Exhibit 91: Validation techniques employed for market sizing
*Exhibit 92: Information sources
**11.4 List of abbreviations
*Exhibit 93: List of abbreviations
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