Tertiary Amines Market Size Worth $5.6 Billion by 2031 | CAGR: 2.8%: AMR
Rising demand from the cosmetics and personal care industry drives the growth of the global tertiary amines market. By type, the C-14 TA segment held the major share in 2021. By region, however, Asia-Pacific would remain lucrative throughout the forecast period.
Portland, OR, Nov. 21, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global tertiary amines market was estimated at $4.3 billion in 2021 and is expected to hit $5.6 billion by 2031, registering a CAGR of 2.8% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
|Market Size in 2021||$4.3 Billion|
|Market Size in 2031||$5.6 Billion|
|No. of Pages in Report||368|
|Segments Covered||Product Type, Application, End-use, and Region.|
|Drivers||Rising demand from the cosmetics and personal care industry|
|Restraints||Toxic nature of tertiary amines|
|Opportunities||Increase in water treatment activities|
- The outbreak of the pandemic increased the demand for cleaning products & disinfectants which augmented the utilization of tertiary amines in industrial, household, and institutional cleaners.
- This drift is likely to continue even when the pandemic is gone.
The global tertiary amines market is analyzed across product type, application, end use, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By type, the C-14 TA segment held more than one-fourth of the global tertiary amines market revenue in 2021, and is expected to dominate by 2031. The C-12 TA segment, on the other hand, would manifest the fastest CAGR of 3.1% throughout the forecast period.
By application, the surfactants segment garnered more than two-fifths of the total tertiary amines market share in 2021, and is expected to dominate by 2031. The others segment, simultaneosuly, would project the fastest CAGR of 2.9% throughout the forecast period.
By end-use, the cosmetics and personal care segment held nearly one-third of the global tertiary amines market revenue in 2021, and is expected to dominate by 2031. The pharmaceuticals segment, however, would cite the fastest CAGR of 3.0% throughout the forecast period.
Based on region, the market across Asia-Pacific generated nearly three-fifths of the global tertiary amines market share in 2021, and is anticipated to retain the lion’s share by 2031. The same region would manifest the fastest CAGR of 3.2% during the forecast period. The other provinces analyzed through the report include LAMEA, Europe, and North America.
The key market players analyzed in the global tertiary amines market report include Solvay, Arkema, BASF SE, DuPont de Nemours, Inc., Alkyl Amines Chemicals Limited, Hexion Inc., Huntsman International LLC, Albemarle Corporation, Kao Corporation, and Eastman Chemical Company.
These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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