The Tertiary Amines Global Market Report 2023 by The Business Research Company, provides tertiary amines market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Tertiary Amines Global Market Report 2023, the market size grew from $4.59 billion in 2022 to $4.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The tertiary amines market size is expected to grow to $6.71 billion in 2027 at a CAGR of 7.7%.
The rising demand for personal care products is expected to people the growth of the tertiary amines market going forward. Personal care products refer to an item that is intended for cleaning, grooming, boosting attractiveness, or altering the physical appearance. Tertiary amines including Triethanolamine (TEA) are used in personal care products such as skin lotions, creams, cosmetics, moisturizers, eye gels, and shaving foams as pH adjusters and surfactants.
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The tertiary amines market is segmented:
1) By Product: C-8 TA, C-10 TA, C-12 TA, C-14 TA, C-16 TA, Other Products
2) By Application: Surfactants, Biocides, Floatation Agents, Corrosion Inhibitors, Emulsifier, Drilling Material, Other Applications
3) By End-User: Cleaning Products, Agricultural Chemicals, Personal Care, Petroleum Industry, Water Treatment, Plastics, Pharmaceuticals, Textiles and Fibers, Other End-Users
Product and process innovations have emerged as the key trends gaining popularity in the tertiary amines market. Major companies operating in the market are prominently focusing on innovative industry-specific products and processes to comply with the demands of newer customers. For instance, in April 2022, A research team at the University of Illinois at Urbana-Champaign discovered a new chemical reaction, called a carbon-hydrogen amination cross-coupling reaction. This enhances and accelerates the production of tertiary amines. This innovation could lead to the development of new medications to treat diseases that are currently incurable
Top 5 Major Key Players Are:
Albemarle Corporation
KLK Oleo
Kao Corporation
Eastman Chemical Company
Arkema S.ABB
Table Of Contents
1. Executive Summary
2. Tertiary Amines Market Characteristics
3. Tertiary Amines Market Trends And Strategies
4. Tertiary Amines Market – Macro Economic Scenario
5. Tertiary Amines Market Size And Growth
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26. Africa Tertiary Amines Market
27. Tertiary Amines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tertiary Amines Market
29. Tertiary Amines Market Future Outlook and Potential Analysis
30. Appendix
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