The global amine oxides market was valued at US$ 320.2 million in 2022 and is expected to grow at a CAGR of 4.4% to US$ 494.8 million by the end of 2032. The amine oxides market refers to the global market for amine oxides, a type of chemical compound. Personal care, home care, agriculture, and oil and gas are just a few of the industries that use these compounds. Amine oxides are used as foam boosters, surfactants, and emulsifiers in personal care products such as shampoos, conditioners, and body washes. They are used as cleaning agents in products such as dishwashing detergents and laundry detergents in the home care industry. Amine oxides are used in agriculture.
Factors driving the amine oxides market include rising demand for personal care products, increased awareness of hygiene and cleanliness, and rising demand for oil and gas. Government regulations governing the use of chemicals in various industries also have an impact on the market.
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Key Takeaways from Market Study
- The global amine oxides market is projected to expand at a CAGR of 4.4% and reach US$ 494.8 million by 2032.
- The market evolved at 2.9% CAGR from 2017 to 2021.
- Alkyl dimethyl amine oxide type holds 34.7% share in the overall market.
- Under the application segment, consumer products dominate the market with 45.6% share. The segment is expected to rise at 3.4% CAGR over the decade.
- The North American region is the market leader with 33.4% market share in 2021.
- Based on region, demand for amine oxides is projected to rise at CAGRs of 3.8% and 3.2%, respectively, in East Asia and South Asia & Oceania.
Market Development
The growth of the amine oxides market is a result of business acquisitions and joint ventures. Leading market companies are introducing goods that may be used in a variety of end-use industries and that also adhere to legal requirements.
Long-term market growth will also be supported by research and development efforts to create new materials and various hybrid compositions.
Competitive Landscape
In order to expand into different company sectors and lower market risks, these amine oxide producers are choosing acquisitions as a primary strategy. Additionally, market participants encourage having experience in product innovation, which forms the basis of amine oxide manufacturers’ worldwide market strategy.
- Stepan Company 2020 launched Ammonyx LO, a lauramine oxide application, finding greater application as viscosity builders, foam enhancers, lubricants, and emulsifiers in end-use industries of personal care, HI&I, etc.
- Air Products in 2021 completed the acquisition of the remaining 50% stake in a joint venture in gasification technology with Shenhua Coal Liquid & Chemical Co. Ltd. of China. The company is a subsidiary of the China Energy Group.
Key Companies Profiled
- Stepan Company
- AkzoNobel N.V.
- The Lubrizol Corporation
- Solvay
- Huntsman Corporation
- Clariant Corporation
- Innovo Chemicals
- American Elements
- PrathamStarchem Pvt. Ltd.
- GFS Chemicals
- The Dow Chemical Company
- HangzhouWenjian Calcium Industry Co., Ltd
- CAO Industries
- Omya UK Chemicals
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Key Questions Covered
- What is the current size and growth potential of the global amine oxides market?
- What are the key drivers and restraints influencing the growth of the amine oxides market?
- What are the major applications of amine oxides in different industries and what is the market size and growth potential for each of these applications?
- Who are the major players in the amine oxides market and what are their market shares and competitive strategies?
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