Amines Market in India: Emerging Trends and Future Prospects
Amines Market in India: Emerging Trends and Future Prospects Author: Manesh U / Senior Market Research Analyst Amines, derived from ammonia, are versatile organic compounds categorized into primary (R-NH2), secondary (R2NH), and tertiary (R3N) based on nitrogen atom substitutions. These compounds form a crucial backbone for industries such as water treatment, pharmaceuticals, agrochemicals, and gas purification. India's amines market is experiencing rapid expansion, supported by infrastructure developments, regulatory frameworks, and technological advancements. Market Snapshot: Indian Amines Industry Growth The global amines market is projected to grow from USD 22 billion in 2024 to USD 32 billion by 2030 at a CAGR of 6.5%. India’s market mirrors this upward trajectory, growing from USD 2.2 billion in 2024 to USD 3.4 billion by 2030 with a CAGR of 7.5%. Despite being a major importer (USD 1.2 billion in 2023), India is shifting toward self-reliance through enhanced production c...
