The Global Amine Formulated Solvents Market was valued at USD 3.8 Billion in 2023 and is projected to reach USD 5.9 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2024–2030). This robust growth is driven by stringent environmental regulations, the global push for decarbonization, and rising demand for natural gas treatment and biogas purification.

As industries worldwide strive for cleaner operations and carbon neutrality, specialized chemical solutions are more critical than ever. Amine formulated solvents play a pivotal role in removing acidic gases like carbon dioxide (CO2) and hydrogen sulfide (H2S) from industrial streams. In this blog, we profile the Top 10 Companies in the Amine Formulated Solvents Industry—a group of chemical giants, technology providers, and innovation leaders shaping the future of gas treatment and carbon capture.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: OASE® gas treatment technologies, MDEA-based solvents

BASF is a global leader in amine-based gas treating technologies through its OASE® brand. The company offers a comprehensive portfolio of solvents and processes for applications ranging from natural gas sweetening to carbon capture from flue gases. Their solutions are renowned for high efficiency, low energy consumption, and operational reliability.

Innovation Initiatives:

• Development of next-generation solvents with improved CO₂ loading capacity

• Pioneering energy-efficient processes for Carbon Capture, Utilization, and Storage (CCUS)

• Strategic partnerships with energy companies for large-scale CCUS deployment

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Amine Formulated Solvents Market – View in Detailed Research Report

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9️⃣ 2. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: UCARSOL™ specialty amines, gas treating solvents

Dow’s UCARSOL™ solvents are industry-standard for removing acid gases from natural gas, refinery off-gases, and syngas. The company provides tailored solvent formulations to address specific process challenges, focusing on minimizing degradation and corrosion while maximizing performance.

Innovation Initiatives:

• Continuous R&D to reduce solvent volatility and energy requirements

• Focus on solvents for high-pressure and high-acid gas content applications

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8️⃣ 3. INEOS Group

Headquarters: London, United Kingdom
Key Offering: Amines, glycols, and related chemical intermediates

INEOS is a major producer of key amine feedstocks, including Monoethanolamine (MEA) and Diethanolamine (DEA), which are essential for formulating gas treatment solvents. The company’s large-scale manufacturing capabilities make it a critical supplier to the global market.

Innovation Initiatives:

• Investment in production capacity expansion for amine derivatives

• Integration across the chemical value chain for cost-effective supply

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7️⃣ 4. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFAMINE® specialty amines, gas treating products

Huntsman offers a broad range of amines and formulated products for gas treatment applications. Their expertise spans from standard MEA and MDEA to specialized solvent blends designed for challenging conditions in refining and chemical processing.

Innovation Initiatives:

• Development of formulated solvents with low foaming tendencies

• Solutions tailored for offshore and remote gas processing facilities

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6️⃣ 5. Axens

Headquarters: Rueil-Malmaison, France
Key Offering: AdvAmine™ gas treating technologies, solvent formulations

Axens provides licensed technologies and solvent formulations for acid gas removal across the oil, gas, and chemical sectors. Their AdvAmine™ portfolio is engineered for high performance, stability, and cost-effectiveness in both new and revamp applications.

Innovation Initiatives:

• Integrated technology packages combining solvents with process design

• Focus on reducing carbon footprint of gas treatment units

Read Full Report:
Amine Formulated Solvents Market – View in Detailed Research Report

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5️⃣ 6. Shell Catalysts & Technologies

Headquarters: Houston, Texas, USA
Key Offering: ADIP-X® and SULFINOL® gas treating solvents and processes

Shell is a leading technology licensor and solvent supplier for the natural gas and refining industries. Their ADIP-X® and SULFINOL® technologies are widely used for selective H₂S removal and bulk acid gas removal, known for their robustness and efficiency.

Innovation Initiatives:

• Advancements in hybrid solvent systems for complex gas streams

• Digital solutions for optimizing solvent performance and monitoring

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4️⃣ 7. Evonik Industries

Headquarters: Essen, Germany
Key Offering: Specialty amines, activated MDEA formulations

Evonik produces high-purity amines and develops formulated solvents for various gas treatment applications. Their activated MDEA-based solvents are particularly effective for CO₂ removal in ammonia plants, natural gas processing, and CCS projects.

Innovation Initiatives:

• Development of eco-friendly solvent systems with lower environmental impact

• Tailored solutions for biogas upgrading to renewable natural gas (RNG)

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3️⃣ 8. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Specialty chemicals, amine-based formulations

Following its merger with Dow and subsequent separation, the new DuPont continues to be a significant player in performance chemicals, including amines for industrial applications. The company leverages its material science expertise to enhance solvent performance.

Innovation Initiatives:

• Research into novel amine structures for improved capture kinetics

• Collaborations with research institutions on next-gen CCUS technologies

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2️⃣ 9. Nouryon

Headquarters: Amsterdam, Netherlands
Key Offering: Amines, ethylene amines, and derivatives

Nouryon (formerly AkzoNobel Specialty Chemicals) is a leading global producer of amines and their derivatives. The company supplies key building blocks for formulated solvents used in gas treatment, with a strong focus on sustainability and product stewardship.

Innovation Initiatives:

• Sustainable production processes for amine manufacturing

• Development of bio-based amine alternatives

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1️⃣ 10. Sintez OKA Group

Headquarters: Dzerzhinsk, Russia
Key Offering: MEA, DEA, MDEA, and custom solvent blends

Sintez OKA Group is one of the largest producers of alkanolamines in Eastern Europe. The company serves the oil and gas, chemical, and construction industries with a wide range of amine products and formulated solvents tailored to regional market needs.

Innovation Initiatives:

• Expansion of production capacities to meet growing domestic and export demand

• Development of cost-effective solvent formulations for emerging markets

Download FREE Sample Report:
Amine Formulated Solvents Market – View in Detailed Research Report

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🌍 Outlook: The Future of Amine Formulated Solvents Is Smarter and More Sustainable

The amine formulated solvents market is undergoing a significant transformation. While traditional solvents continue to dominate, the industry is investing heavily in next-generation formulations, digital optimization tools, and sustainable production pathways to meet the demands of the energy transition.

📈 Key Trends Shaping the Market:

• Accelerated deployment of Carbon Capture, Utilization, and Storage (CCUS) projects globally

• Growing demand for biogas upgrading to Renewable Natural Gas (RNG)

• Development of hybrid solvents and non-amine alternatives for specific applications

• Integration of digital twins and AI for real-time solvent performance optimization

Read Full Report:
Amine Formulated Solvents Market – View in Detailed Research Report

The companies profiled above are not only supplying essential chemicals—they are enabling the decarbonization of industrial processes and paving the way for a lower-carbon future.