The global tertiary amines market was valued at USD 348890 million in 2023 and is projected to be worth USD 419830 million by 2029 with an expected CAGR of 2.7% during the forecast period 2024-2029.
Market Drivers:
The global market for tertiary amines is expected to grow in the future due to their widespread use in products like surfactants and biocides, among other things. The addition of tertiary amine-based surfactants can increase the efficacy of cleaning products like detergents. These surfactants facilitate the detergent's ability to blend with water and aid in the removal of pollutants from the surface that need to be cleaned. Therefore, it is expected that during the estimated timeframe, market expansion will be supported by the widespread use of tertiary amines. In addition, a significant expansion in the Asia-Pacific region is anticipated during the projection period.
The market for tertiary amines is expanding due to the growing use of detergents and surface cleaners. Products for surface cleaning are in great demand since hospitals, hotels, and restaurants need to clean them frequently. Many institutional and fast-food restaurants, along with industrial facilities like food-processing factories, require detergent and surface cleaning chemicals to keep their working environments sterile and clean. As a result, the global demand for detergent and surface cleaning products is driving market expansion.
The increased demand from the personal care and cosmetics sector is another significant factor supporting market expansion over the anticipated timeframe. Tertiary amines and their derivatives are widely used in the personal care and cosmetics industries.
An important factor expected to propel the expansion of the global tertiary amines market is the increasing demand for these compounds from a range of industries, such as disinfectants, water treatment, medications, and cleaning supplies.
Market Restraints:
Changes in the price of crude oil directly affect the total cost of tertiary amines. As a result, its variety of uses is restricted. Crude oil serves as the primary source of tertiary amines. It consequently leads to instability in the tertiary amines regarding the cost and accessibility of raw materials. Numerous macroeconomic and geopolitical factors impact the prices of raw materials. In addition, the price of crude oil is also influenced by the condition of the financial market and the exchange rate. Thus, fluctuations in raw material prices could prevent market growth during the projection period.
Market Opportunities:
The tertiary amine market is anticipated to grow at a faster rate during the projected period due to an increase in the use of creams and moisturizers brought on by rising disposable incomes. Ammonium compounds such as triethanolamine are used as foaming agents and emulsifiers. Lauryl sulfate is reacted to produce the surfactant that is used in shampoos. Further, due to the rapidly evolving worldwide cosmetics and personal care industry, major players in the market will have development opportunities throughout the anticipated period.
Market Challenges:
The growth of the global tertiary amines market is hindered due to its toxic compounds. The catalysts are frequently used in foundries and the manufacturing of polyurethane foam. Also, these extremely reactive amines are linked to both serious abnormalities of the eyes and systemic health issues. However, a surge in water treatment facilities is expected to open up lucrative potential opportunities for the worldwide tertiary amines market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 – 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 - 2029 |
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CAGR |
2.7% |
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Segments Covered |
By Product Type, Application, End Use, and Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Albemarle Corporation, Kao Corporation, Eastman Chemical Company, Solvay, BASF SE, Huntsman International LLC, DuPont, Alkyl Amines Chemicals, Limited Hexion Inc., Arkema, and Others. |
Market Segmentation:
The C-14 TA segment is the biggest category of the tertiary market. The growing need for applications for agrochemicals and fuel additives is the main driver of the expansion. C-14 TA is used as a raw ingredient for emulsifiers, fuel additives, and agrochemicals. Emulsification employs C-14 tertiary amines to stop the emulsion from disintegrating due to creaming, aggregating, and coalescence. This maintains the emulsion state stable. C-14 tertiary amines are used as anticaking agents for granular or powdered products, such as table salt or confections, to prevent caking and enhance flowability, packing, shipping, and customer satisfaction.
The surfactants segment is the leading tertiary amines market. The growing usage in the cleaning and cosmetics sectors is one of the primary drivers of the surfactant segment's growth. The increasing awareness of health and cleanliness is driving the surfactant industry. Surfactants are necessary for cleaning, wetting, dispersing, emulsifying, foaming, and anti-foaming agents. Herbicides, insecticides, spermicides, and biocides (sanitizers) are examples of agrochemical formulations. Furthermore, surfactants are found in lubricants, inks, herbicides, emulsifiers, fabric softeners, anti-fogging treatments, and adhesives. Even surfactants, also known as pulmonary surfactants, are produced by the human body.
The cosmetics and personal care segment holds the maximum portion of the tertiary amines market. These are found in a lot of personal care products, such as sunscreen lotions, sanitizers, and more. Also, cosmetics are typically used topically and include perfumes, body and face creams, antiperspirants, and short-lived insect repellents. Moreover, in the personal care and cosmetics sectors, tertiary amines are becoming more and more common. These products are used to clean, prevent infections, and eliminate undesirable smells on the exterior of the body, including the lips, nails, skin, and external sexual organs. They are also used in dentistry on the teeth and mucous membranes of the oral cavity.
Market Regional Analysis:
Asia Pacific is predicted to achieve strong growth in the coming years. The majority of applications for tertiary amines are in agricultural chemicals, which include weed- and disease-controlling herbicides, insecticides, and fungicides. In Asia-Pacific, tertiary amines are used in wood treatment to both prolong the life of the wood and mitigate problems with fungal rot or decay, sapstain, molds, and wood-destroying insects. It eliminates the fungi that give wood its wet and dry decay. The Asia-Pacific market is anticipated to grow at the fastest rate due to the growing usage of tertiary amines in cleaning and agricultural products.
North America is the region that uses tertiary amines most frequently. This is because of the region's significant manufacturing of cosmetics and personal hygiene goods. Furthermore, the market's expansion is further propelled by the existence of a sizable number of organizations. In addition, the area is well-known in the oil and gas sector and has a significant number of oil wells.
Europe's tertiary amines market grew at a significant pace during the forecast period. The sales volume in Europe will expand at a CAGR of 4.5 %. The market is propelled by the growing need for tertiary amines in the personal care and cosmetics sector, namely for the synthesis of surfactants, which are necessary ingredients in a range of personal care and cosmetic products, including moisturizers, creams, lotions, and hair shampoos.
The Middle East and Africa are estimated to elevate further. The need for tertiary amines in a variety of applications, including corrosion inhibitors, emulsifiers for herbicides, flotation agents, petrol detergents, oilfield drilling materials, and quaternary for biocides, also affects the market in this region. In addition, several MEA nations want to start producing tertiary amines domestically to potentially lessen their reliance on imports and support the expansion of the regional market.
Latin America's tertiary amines market is believed to grow at a considerable pace during the projection period. The demand for personal care products and the surfactants used in them is driven by growing urbanization and population increase in several nations. Furthermore, anionic surfactants are the market leaders because of their extensive use in a variety of industries. Brazil and Mexico are important Latin American markets because of their sizable populations and developing industrial sectors.
The COVID-19 had a major effect on the global tertiary amines market. It is frequently used in two processes: quaternary replacement reaction fusion and amino group removal. In Addition, the pandemic led to a greater need for disinfectants. This, in turn, elevated the industry's growth and benefited the market because these amines are commonly used in sanitizers and disinfection wipes.
Moreover, it is likely to increase significantly due to the influence of coronaviruses and the necessity of maintaining virus-free surfaces. An abundance of sanitizers, wipes, sprays, and liquid dish soap contain quaternary ammonium compounds. By depriving viruses of their lipid coating, these substances hinder viruses from infecting cells. Furthermore, during the first week of March 2020, sales of cleaning products increased in the United States. For instance, sales of aerosol disinfectants increased by more than 400 % in 2019 as consumers prepared for the coronavirus.
Market Key Players:
Market Key Developments:
Frequently Asked Questions
The Global Tertiary Amines Market is expected to grow with a CAGR of 2.7% between 2024-2029.
The Global Tertiary Amines Market size is expected to reach a revised size of US$ 419830 million by 2029.
BASF SE, Huntsman International LLC, and DuPont are the three Tertiary Amines Market key players.
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