August 22, 2022 09:00 ET | Source: FACT.MR FACT.MR
Dublin, Ireland, Aug. 22, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global amine oxides market is estimated at US$ 320.2 million in 2022 and is expected to expand at 4.4% CAGR during the forecast years of 2022-2032.
Manufacturers of amine oxide are investing their resources in natural raw materials to have a lower environmental impact, along with having a biodegradable profile of amine oxides. Research carried out reveals that amine oxides are readily biodegradable under aerobic conditions and are also easily biodegradable under anaerobic conditions.
The biodegradation of active derivations of amine oxides bearing an ester or amide group with the help of microorganisms from activated sludge determined by ion-selective electrodes reveals total biodegradation. Although organic ammonium salts undergo primary biodegradation, amine oxides are easily biodegradable, which is driving market growth substantially.
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Key Takeaways from Market Study
Amine oxides market development reflects strategies such as joint ventures and acquisitions between companies. Prominent market players are launching products that are able to find application in multiple end-use industries and also meets regulation standards.
Furthermore, research and development undertaken to develop new materials and other hybrid compositions will support market growth in the long run.
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Prominent amine oxide manufacturers are Stepan Company, AkzoNobel N.V., The Lubrizol Corporation, Solvay, Huntsman Corporation, Clariant Corporation, Innovo Chemicals, American Elements, PrathamStarchem Pvt. Ltd., GFS Chemicals, The Dow Chemical Company, HangzhouWenjian Calcium Industry Co., Ltd, CAO Industries, and Omya UK Chemicals.
These amine oxide manufacturers are opting for acquisitions as part of their core strategy, which is being done to diversify into other business domains to reduce market risks. In addition, having expertise in product innovation is being promoted by market players, which is the backbone of the global market strategy of amine oxide manufacturers.
Fact.MR has provided detailed information about the price points of key manufacturers of amine oxides positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Amine Oxides Industry Research
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global amine oxides market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on type (alkyl dimethyl amine oxide, 1-dodecanamine, 1-tetradecanamine, decanamine, hexadecanamine, octodecanamine, others) and application (consumer products (shampoos, conditioners, detergents, others), agrochemical production (herbicide spray drifts, agriculture adjuvants, others), coating production, industrial chemicals (chemical intermediates, oilfield chemicals, others), other applications), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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