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Tertiary Amines Market To Be Worth USD 6.72 Billion in 2028; CAGR of 5.6% | Reports And Data

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New York, March 04, 2021 (GLOBE NEWSWIRE) — Expanding demand for cleaning and personal care products to drive market growthMarket Size – USD 4.30 billion in 2020 Market Growth – 5.6% Market Trends – Use of tertiary amines in petroleum, plastic and pharmaceutical industriesThe global tertiary amines market size was USD 4.30 billion in 2020 and is expected to register a CAGR of 5.6% during the forecast period. The expanding demand for personal care products will add to the growth of the tertiary amines market as the compound is extensively used in creams and moisturizers in the form of emulsifiers. Rising awareness about the importance of skincare and increasing disposable income that makes it possible to invest in wide variety of personal care products are factors responsible for the surge in product demand.Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/3839The personal care industry is expected to witness massive growth over the coming years with the market size being estimated to be more than USD 51 billion in 2021. As the U.S. is expected to spend nearly USD 83 million in 2021 on personal care products. As such the personal care industry is also expected to drive up the size of tertiary amines market in North America.Europe is the third-largest region in terms of consumption of tertiary amines. The growth of textile and personal care industries is expected to drive the regional demand. The implementation of stringent regulations imposed by government bodies and organizations, for treatment of wastewater is expected to boost demand for water treatment chemicals.Tertiary amines are in general derived from crude oil which makes the tertiary amines market unstable to some extent as crude oil prices are often fluctuating depending geopolitical and macroeconomic factors, as well as exchange rate, and conditions of financial markets. Thus fluctuating raw material prices and availability of amines are expected to be the major challenges for the producers during the forecast period.Tertiary Amines Market Size, Share & Trends Analysis Report By Product (C-8, C-10, C-12, C-14, C-16), By Application (Surfactants, Biocides), By End Use (Personal Care, Cleaning Products), By Region, And Segment Forecasts To 2028; To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/tertiary-amines-marketKey Highlights from the Report:In a world plagued by the coronavirus, demand for disinfectant has registered massive growth over 2020. This has positively impacted the tertiary amines market as these amines find considerable application in sanitizers and disinfectant wipes, products that at present are so much in demand that the supply chain is struggling to keep pace.Chemical producers like Eastman Chemical Corp. are gearing up to meet this rising demand for tertiary amines. Eastman Chemical Corp. announced that it will be increasing its capacity to produce tertiary amines at its Belgium facility. Eastman Chemical Corp. is the world’s leading producer of tertiary amines, the company has made major investments at coping with demand supply gap.The report segments the tertiary amines market on the basis of various types of tertiary amines which include C-8, C-10, C-12, C-14, and C-16.Surfactant is the major application segment of the tertiary amines market.The personal care end-use is likely to exhibit a significant CAGR in terms of revenue over the forecast period.Tertiary amines and their derivatives are used as intermediates for processing medicinal drugs in the pharmaceutical industry.Due to the rapidly rising agricultural chemical industry in emerging economies like China, India, Japan, and South Korea, the Asia-Pacific tertiary amine market experienced the fastest growth in 2020. Regional development is expected to be further propelled by the emergence of key raw material suppliers and manufacturers with broad production capacities.Order Now: https://www.reportsanddata.com/checkout-form/3839Segments Covered in the Report

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