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A tertiary amine is an amine, in which the nitrogen atom is directly attached to the three carbons of any hybridization that can’t be carbonyl group carbons. It is utilized in the manufacturing of fungicides, extracting agents, and metal preservatives. The product acts as an intermediate during the production of several chemicals such as surfactants, citric acid, and fuel oils. extracting agents, fungicides, and metal preservatives. Additionally, the tertiary is also used for the elimination of the ammonium salts, amino group, and fusion of quaternary replacement reactions. The product finds its use in cleaning products, agricultural chemicals, personal care, petroleum industry, water treatment, plastics, pharmaceuticals, and textiles & fibers.
The increasing demand for tertiary amines in the cosmetics & personal care industry will aid to contribute to market expansion. The tertiary amine is the key ingredient for the production of surfactant. Whereas, the surfactant is majorly utilized in various cosmetics & personal care products such as cream, lotion, moisturizers, and hair shampoo products. The rising cosmetic & personal care product owing to increasing skin consciousness amongst the consumers coupled with high investment in research & development of premium products will help to surge the product demand. Hence, increasing product demand will fuel tertiary amines market growth during the forecast timeline.
However, the fluctuation in crude oil prices directly impacts the overall price of tertiary amines. This restricts its use in various applications. Hence, this іѕ anticipated hampering market growth.
Key Market Driver -
The rising demand for tertiary amines from the cosmetic & personal care industry will help to drive the market growth.
Key Market Restraint -
Fluctuation in the raw material prices to restrict the market growth
Based on application, the tertiary amines market is segmented into surfactants, biocides, floatation agents, corrosion inhibitors, emulsifier, drilling material, and others. Based on end-use, the market is segmented into cleaning products, agricultural chemicals, personal care, petroleum industry, water treatment, plastics, pharmaceuticals, textiles & fibers, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the tertiary amines market include Albemarle Corporation, KLK Oleo, Kao Corporation, Eastman Chemical Company, Arkema, Balaji Amines, Temix Oleo Srl, Indo Amines Ltd, Dow Chemical, and Solvay.
North America is anticipated to witness the highest growth in the tertiary amines market, in which the US is the leading country. The growth is due to the increasing adoption of the product in the personal care industry. The rising adoption of tertiary amines in agricultural chemical and cleaning products will fuel the market growth in the Asia Pacific. In Europe, the growth is attributed to the adoption of the product as a surfactant and corrosion inhibitor. The Middle East & Africa is anticipated to witness significant growth, owing to the increasing use of the product in the plastic and pharmaceutical.
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