Aromatic Polyamine Market Growth and Value Chain 2015-2025
Aromatic polyamine is an organic compound having multiple primary amino groups and some distinctive odor. Aromatic polyamines are typically used in flavored food, wine and other beverages. Other applications for aromatic polyamine include chelating agents and feedstock for other chemicals. Food & beverages application dominated the global demand for aromatic polyamines.
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Demand for aromatic polyamine is profoundly dependent on the demand for several consumer markets such as food, cosmetics. Hence, growing population and increasing disposable income are amongst the foremost driver for aromatic polyamine market.Increasing demand for wine is also among the major factors driving demand for aromatic polyamines. High GDP growth rate in developing economies such as India, China and Brazil also have been driving the demand for aromatic polyamine. Research and development activities to increase application scope of aromatic polyamines are expected to offer huge growth opportunity for the market.
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Asia Pacific region dominates the global aromatic polyamine market both in terms of production and consumption and the trend is expected to continue through 2025. Asia Pacific is also expected to be the fastest growing region for the next six years mainly owing to the developing economies of India and China. North America is the second largest market for aromatic polyamines. Demand for aromatic polyamine in North America is expected to grow at a sluggish rate primarily owing to market saturation in several end user applications. Increasing demand for aromatic polyamine from Latin America is expected to drive demand for aromatic polyamine in the RoW segment.
Major players in the aromatic polyaminemarket includeSilverline Chemicals Ltd,Veera Fragrances Pvt. Ltd.,Hindustan Mint & Agro Products Pvt. Ltd.,G.J. Chemical Co. Inc., Anderson Development Co. and Lackwerke Peters GmbH &Coamong others.
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