Middle East & Africa Amines Market Size & Outlook
Middle East & Africa amines market, 2018-2030 (US$M)
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MEA amines market highlights
- The MEA amines market generated a revenue of USD 739.2 million in 2023.
- The market is expected to grow at a CAGR of 2.2% from 2024 to 2030.
- In terms of segment, ethanolamines was the largest revenue generating product in 2023.
- Fatty amines is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 739.2 million |
| Market revenue in 2030 | USD 861.9 million |
| Growth rate | 2.2% (CAGR from 2023 to 2030) |
| Largest segment | Ethanolamines |
| Fastest growing segment | Fatty amines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ethanolamines, Fatty amines, Alkylamines |
| Key market players worldwide | Arkema SA, Akzo Nobel NV, Basf SE, Dow Inc, Huntsman Corp, Mitsubishi Gas Chemical Co Inc, Eastman Chemical Co, Celanese Corp Class A, Solvay SA, Lanxess AG, LyondellBasell Industries NV Class A, SABIC, INEOS |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global amines market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,440.5 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Amines Market Scope
Amines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa amines market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to amines market will help companies and investors design strategic landscapes.
Ethanolamines was the largest segment with a revenue share of 49.16% in 2023. Horizon Databook has segmented the Middle East & Africa amines market based on ethanolamines, fatty amines, alkylamines covering the revenue growth of each sub-segment from 2018 to 2030.
The market in the region is expected to witness significant growth over the forecast period, owing to the high demand for amines and related products in gas and water treatment applications. Countries in the region possess large natural gas reserves; the recovering natural gas market in key economies such as Saudi Arabia, Iran, and Nigeria among others is expected to drive the product demand during the next few years.
The gradual economic recovery of MEA countries post the oil-crisis is likely to benefit the market growth for amines, the recovering automotive, construction, and FMCG sectors will lead to high demand for amines in end-use verticals
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa amines market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa amines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA amines market size, by country, 2018-2030 (US$M)
Middle East & Africa Amines Market Outlook Share, 2023 & 2030 (US$M)
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