Specialty Amines Market Share

North American Market Statistics

North America region in specialty amines market is poised to hold more than 38% revenue share by 2036. This growth will be noticed owing to the increasing use of raw materials in pharmaceutical industries for specialty amines in this region. The United States chemical industry stated that they transform raw materials into over 70,000 different products that are necessary for contemporary living and then supply those goods to over 750,000 final consumers across the country.

The rising chemical industry and the expanding export of chemicals will help the U.S. to have a huge expansion in the specialty amines industry. At almost 9 percent of all U.S. exports, the chemical industry is the country's largest exporter.

Canada will also encounter a huge expansion due to the rising pesticide industry in this country and specialty amines used to make pesticides like herbicides and fungicides. According to Innovation, Science, and Development Canada, in 2023 there was almost USD 124 million export has been made on pesticides in Canada.

APAC Market Analysis

APAC region specialty amines market revenue is expected to cross USD 1 Billion by the end of 2036 owing to the increasing modernization of agricultural sectors in this region. Firstly, modern agriculture is needed to meet the vast demands of a large population. With 76% of Asia’s poor living in rural regions, improving agricultural output and income is vital to eliminating poverty, according to the theme chapter of Asian Development Outlook 2021 Update issued in September 2021.

The rising need for food production with the rising population in China will expand the specialty amines industry growth. It is critical to match agriculture with the requirements of China's population of over 1.4 billion as it seeks modernization for its benefit.

The rising beauty care and cosmetics industry in Korea will help the specialty amines industry to grow at a rapid pace in this country. According to the International Trade Association (ITA), the Korean government revealed intentions in March 2023 to create big data and IoT-based individualized skin diagnostic programs and customized cosmetics to support the country's bio-health sector. 

Recent developments in AI and digitalization in Japan will help this country expand specialty amines market demand in this region. NEC, a Tokyo-based company that has been actively involved in AI research, is a pioneer in the integration of network and IT technologies.