Polyamines manufacturers are investing research initiatives for healthcare applications including cancer treatments and diagnostic tools for covid-19 to sustain market growth for the crisis period.
ROCKVILLE, MD / ACCESSWIRE / August 6, 2020 / The global polyamines market is expected to hit a valuation of US$ 200 Mn by the end of 2020, and is likely to witness a moderate growth rate by the end of the forecast period in 2030. A report by Fact.MR says that the ongoing global pandemic is likely to have a severe impact on the market, largely owing to suspension of production facilities, and disruptions to supply chains and logistics. The market will recover steadily owing to extensive applications in agriculture, healthcare, water treatment, and oil sectors.
"Putrescine, spermidine, and spermine polyamines have found roles in a number of botanical functions including root development, seed germination, in vitro plant regeneration, plant architecture, plant senescence, and flowering, which will sustain demand in agriculture for the foreseeable future," says the FACT.MR report.
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Polyamines Market- Key Takeaways
- Aromatic polyamines are anticipated to display strong growth, owing to the discovery of niche applications in the food industry.
- Cosmetic and personal care applications are gaining traction, driven by consumer bias for natural botanical formulations.
- Asia Pacific is projected to display a higher growth rate, primarily driven by major production facilities in India and China.
Polyamines Market- Driving Factors
- Significant investments into research to widen the scope of applications for polyamines is a primary growth factor.
- Niche applications of polyamine analogues in cancer therapies will generate lucrative opportunities for market growth.
Polyamines Market- Major Restraints
- Potential risk of allergies in food products comprising polyamine ingredients hinders application.
- Potential health risks in applications for potable water treatment, and associated regulatory restrictions hinder market growth.
COVID-19 Impact on Polyamines Market
The coronavirus pandemic is negatively impacting the polyamine market. The reduction in oil prices during the crisis has restricted demand for polyamine compounds. Manufacturers have been forced to reduce operational expenses and capital, with labor shortages and disruptions in raw material supplies being disrupted. Labor safety and investments in testing, disinfection, and PPE will be key strategies taken up by polyamide producers in the near term to sustain partial operations. Healthcare and agriculture applications will help manufacturers to survive the pandemic and recover in the months ahead.
Explore the global Polyamines Market with 128 figures, 98 data tables, along with the table of contents of the report. You can also find detailed segmentation on
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Competitive Landscape
Kemira Oyj, Newbury S.A., BASF SE, NCP Chlorochem, SNF Floegler, and Lansen Chemicals are some of the leading polyamine manufacturers in the global market.
Players in the polyamines market are largely invested in research initiatives to explore potential new applications of polyamine compounds and analogues in myriad verticals.
For example, BASF SE is currently testing the application of polyamines for the development of bio-based polyurethane polymer materials. GoodMills Innovation has announced the release of SpermidinEVO a wheat-germ concentrate with polyamide compounds for immune boosting function. Similarly, Perricone MD has released a polyamine technology for anti-aging cosmetic product application.
About the Report
This study offers readers a comprehensive market forecast of the polyamines market. Global, regional and country-level analysis of the top industry trends impacting the polyamines market is covered in this FACT.MR study. The report offers insights on the polyamines market on the basis of solid content (less than 50% and more than 50%), application (coagulant, shale inhibitor, decoloration, and others), and end use industry (oil & gas, water treatment, pulp & paper, rubber, textiles, and others), across six regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FACT.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the chemical and materials sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest chemicals market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: Fact.MR