5-Amino-1-Pentanol Market Overview
5-Amino-1-Pentanol
Market
size is forecast to reach US$1.6 billion by 2026, and is growing at a CAGR of
4.6% during 2021-2026. 5-Amino-1-Pentanolis a soluble white crystal that
must be stored in a tight container and placed in a cool, dry place. 5-Amino-1-pentanol
is a promising substance as a corrosion Inhibitor. Amino-functional polysiloxanes are very useful in the manufacturing of
protective coatings and resins, as they impart properties such as chemical
resistance, heat resistance, weathering (primarily degradation by UV
radiation), and corrosion control.
5-Amino-1-pentanol is an aliphatic amino alcohol with potential plasma
lipid-lowering properties. 5-Amino-1-pentanol and other amino alcohols are used
as emulsifying agents in dry-cleaning soaps, wax removers, cosmetics, paints and
insecticides. 5-Amino-1-pentanol can be used as a saccharification and amination
intermediate for many drugs due to both hydroxyl and amino groups, and more and
more are used in the synthesis of anticancer drugs and anti-inflammatory drugs
and hence it will boost the 5-Amino-1-Pentanol market in the forecast period.
COVID-19
Impact
Due to the COVID-19
pandemic most of the manufacturing plants were shut down, which declined the
production of Raw materials. Also, due to supply chain disruptions such as raw
material delays or non-arrival, disrupted financial flows, and rising
absenteeism among production line staff, OEMs have been forced to function at
zero or partial capacity, resulting in lower demand and consumption for the end
use products of 5-Amino-1-Pentanol such as Dry cleaning soaps, cosmetics, wax
removers and others. One in six dry cleaners have
closed or gone bankrupt in the U.S. already, and many won’t survive without
more stimulus, according to the National Cleaners Association. But airlines and
restaurants eventually will rebound as vaccines ease worries for travelers and
diners, dry cleaners confront a more fundamental shift. Hence the 5-Amino-1-Pentanol
Market is projected to recover with small economic disruptions.
Report Coverage
The report:“5-Amino-1-Pentanol Market – Forecast(2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of 5-Amino-1-PentanolMarket.
Key Takeaways
- Asia-Pacific dominates the 5-Amino-1-Pentanolmarket, owing to the increasing use as a corrosion inhibitor and Emulsifying Agent in Various Products.
- The growth of the oil and gas industry in emerging economies in Asia-Pacific is expected to boost the demand for corrosion inhibitors at a significant rate.
- The cost incurred on end-use industries due to corrosion is an important factor driving the demand for corrosion inhibitors. Total costs of corrosion include the design & construction or manufacturing, the cost of corrosion-related maintenance, repair & rehabilitation, and the cost of depreciation or replacement of structures damaged due to corrosion.
- An emulsifying agent is necessary for homogenous distribution of the two components of an emulsion because because it prevents the mixture from separating substances and therefore, it helps to form and stabilise the emulsions, preventing or slowing the homogeneous mixture from separating
- The necessity of Emulsifying Agent and Corrosion Inhibitors in promoting the use of 5-Amino-1-Pentanol Market and hence the growth of market is projected in the forecast period.
Figure: Asia-Pacific 5-Amino-1-Pentanol Market Revenue, 2020-2026 (US$ Billion)
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5-Amino-1-Pentanol Market Segment Analysis – By Form
Liquid segment
held the largest share of 42% in the 5-Amino-1-Pentanolmarket in 2020.
5-amino-1-pentanol in liquid form is used in the preparation of fibres from
random copolypeptides consisting of N-hydroxyalkyl
L-glutamine and gamma-methyl L-glutamate with different monomer ratios.
5-Amino-1-Pentanol is also used in the preparation of 5-phthalimidopentanal and
tetracyclic core of the natural compound dibromoagelaspongin. World Fibre
demand in 2019 was 130 Million tons and is projected to reach at 121 million
tons in 2025 by International Cotton Advisory Committee.5-Amino-1-pentanol in
powder form has been used in the synthesis of S-glycosyl amino-acid building
blocks. It has been used as starting reagent in the synthesis of amino functionalized
4-chloro-2,2?:6?,2??-terpyridine.Thus, due to the growth in fibre industry, the
5-Amino-1-Pentanol Market is also going to grow in the
forecast period.
5-Amino-1-Pentanol Market Segment Analysis – By Application
Cosmetic segment
held the largest share in the 5-Amino-1-Pentanolmarket in 2020 and is growing
at a CAGR of 5.3% during 2021-2026. 5-Amino-1-pentanol and
other amino alcohols are used as emulsifying agents in cosmetics. Multifunctional amino alcohols provide
high-efficiency neutralization, improved
emulsion stabilization and enhanced pigment dispersion across a
broad array of personal care and cosmetics applications. Emulsifiers in
cosmetics assist in forming homogenous mixtures of water and oil. Emulsifiers
in cosmetics stabilize the
emulsion and influence the consistency of the formulation. Most of the
cosmetic products make good use of emulsifiers in their formulations such as
facial creams. According to L'Oréal S.A. the global
cosmetics industry market value is estimated to be US$228.4 billion dollars and Asia pacific holds 43% of the global
cosmetics industry in 2020.Hence it is projected that the
5-Amino-1-Pentanol market is growing in the forecast period.
5-Amino-1-Pentanol Market Segment Analysis – By Geography
Asia-Pacific region held the largest share of 40% in the 5-Amino-1-Pentanol market in 2020 owing to the growth of beauty and personal care industry. It is also the world’s biggest personal care market. China’s cosmetics sector has been growing at a fast pace in recent years, in line with the rapid development of the economy. According to, National Bureau of Statistics of China, retail sales of skincare products in China reached US$43.3 billion in 2019.In January 2020, Simpcare officially launched its first line of products. Its sales reached US$6.77 million dollar in 10 months. According to Crescendo Worldwide GmbH, Indian Beauty and cosmetics industry is going to reach US$20 billion dollar by 2025 from the current level of US$6.5 billion dollar..India is second largest populous country. According to DITP (Department of International Trade Promotion) the Beauty and Wellness market is currently growing at a CAGR of 18% in 2020.As the personal care industry matured over time, it has gone on to contribute a major share to global FMCG market. It is a highly competitive market which promotes the growth of the 5-Amino-1-Pentanol market globally.
5-Amino-1-Pentanol Market Drivers
Necessity of use of Emulsifying agents:
An emulsifying agent such as 5-Amino-1-Pentanolis necessary for homogenous distribution of the two components of an emulsion because it prevents the mixture from separating substances and therefore, it helps to form and stabilize the emulsions, preventing or slowing the homogeneous mixture from separating. Emulsifier use cosmetics, textile, foods, Insecticides and other industries makes it a widely used agent which promotes the demand of 5-Amino-1-Pentanol market.
Huge Investment in cosmetics Industry Globally
According
to JPMorgan Chase and Co., China is set to become the world’s largest cosmetics
market worth US$57.4 billion dollar by 2023.While people are spending more in
beauty and personal care segments, the competition for market share is as
fierce as ever. According to the Next Perfect Diary male care, China’s male care market is about
US$2.15 billion in 2020, with a 17% annual growth rate. Beauty and personal
care companies have been leading the charge in driving sales from digital and
influencer marketing techniques. According to The annual report of L’Oréal SA
the online sale is boosted by digital transformation, up by 13% to US$11.7
billion. According to Brand Finance, MAC Cosmetics paves the way in cosmetics
industry through strategic partnerships, up by 32% to US$4.4 billion. Thus the 5-Amino-1-Pentanol
market will grow in the forecast period.
5-Amino-1-Pentanol Market Challenges
Potential Health Effects of 5-Amino-1-Pentanol:
Accidental
ingestion of the 5-Amino-1-Pentanol may be harmful. Animal experiments indicate
that ingestion of less than 150 gram may be fatal or may produce serious damage
to the health of the individual. It can produce chemical burns within the oral
cavity and gastrointestinal tract following ingestion. Amines without benzene
rings when swallowed are absorbed throughout the gut. Corrosive action may
cause damage throughout the gastrointestinal tract. It can produce chemical
burns to the eye following direct contact. Vapors or mists may be extremely irritating.
If applied to the eyes, this material causes severe eye damage. Chemical burns
following direct contact with the skin. Skin contact is not thought to produce
harmful health effects .Systemic harm, however, has been identified following
exposure of animals by at least one other route and the material may still
produce health damage following entry through wounds, lesions or abrasions.
5-Amino-1-Pentanol Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the 5-Amino-1-Pentanol market. 5-Amino-1-Pentanol market top companies include:
- ThermoFisher Scientific
- BASF AG
- Santa Cruz Biotechnology, Inc.
- MP Biomedicals, LLC
- Alfa Aesar GmBH & Co. KG
- BOC Sciences
- Chemieliva Pharmaceuticals
- Novachem
- FINETECH Industry Limited.
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