Tertiary Amines Market Is Expected To Reach USD 5.72 Billion By 2025


 San Francisco, 17 May 2023: The Report Tertiary Amines Market Size, Share & Trends Analysis Report By Product (C-8, C-10, C-12, C-14, C-16), By Application (Surfactants, Biocides), By End Use (Personal Care, Cleaning Products), By Region, And Segment Forecasts, 2019 - 2025

The global tertiary amines market size is projected to reach USD 5.72 billion by 2025, expanding at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. Widespread use of the product in pharmaceuticals, personal care, agriculture chemicals, pharmaceuticals, and textile fiber industries is projected to drive the growth.

In the pharmaceuticals industry, tertiary amines and their derivatives are used as intermediates for manufacturing medicines. The derivatives with ring-like structure of aryl group are used for manufacturing drugs, such as rosuvastatin, used for lowering cholesterol; aripiprazole belonging to the class of antipsychotic; and imatinib, used for cancer treatment. Derivatives such as imipramine, amitriptyline, lofepramine, and clomipramine are used for manufacturing anti-depressants.

Asia Pacific tertiary amines market witnessed the fastest growth in 2018 owing to the rapidly growing agricultural chemical industry in emerging economies including China, India, Japan, and South Korea. The presence of key raw material suppliers and manufacturers with massive production capacities is expected to further propel the regional growth.

The personal care application is expected to record significant growth over the forecast period. The rapidly growing personal care industry in emerging economies, such as China and India along with the rising consumer preference for personal hygiene and skincare is expected to drive the demand for tertiary amines demand.

Access Research Report of Tertiary Amines Market @ https://www.grandviewresearch.com/industry-analysis/tertiary-amines-market

Further key findings from the report suggest:

  • C-8 tertiary amine is anticipated to expand at a CAGR of 4.4%, in terms of revenue, from 2019 to 2025 as they are majorly used for manufacturing amine oxides and surfactants
  • Floatation reagents application segment is anticipated to hold a market share of 11.8% in 2025 on account of growing demand for the product in water treatment
  • The consumption of tertiary amines in petroleum end use is expected to register a CAGR of 4.7% from 2019 to 2025 backed by rising demand for drilling fluids
  • The Germany tertiary amines market is anticipated to exceed 47.6 kilotons by 2025 owing to the presence of major polyurethane foam manufacturers, such as BASF SE, Bauder, and Covestro
  • Some of the key market participants are Arkema, Lonza, Dow Chemical Co., BASF SE, Kao Corporation, and Albemarle Corporation

Access Press Release of Tertiary Amines Market @ https://www.grandviewresearch.com/press-release/global-tertiary-amines-market

 

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