US
demand for amines (excluding those used to produce other amines) is forecast to
advance 3.3 percent annually to 3.3 billion pounds in 2015, valued at $3.4
billion.
Growth will
accelerate from the pace of the 2005-2010 period, which was impacted by the
recent recession that led to declines in key markets for amines.
Gains will remain healthy in important
markets such as agricultural chemicals and personal care products.
Technical innovations in emerging markets
will drive growth going forward as amines are used in place of competitive
intermediates in such markets as wind energy and shale control in oil
exploration.
Among the various markets
in which amines are used, agricultural chemicals and cleaning products are the
largest and together will account for the majority of gains in demand through
2015.
These and other trends, including
market share and product segmentation, are presented in
US
Amines, a
new study from
The Freedonia Group, Inc., a Cleveland-based industry
market research firm.
Ethanolamines
will continue to represent both the largest and the fastest-growing product
segment in the US amines market, accounting for over
one-third of volume demand and projected to grow at an annual pace of 4.4
percent through 2015. Diethanolamine
will remain the most commercially significant of the ethanolamines, providing
strong support as it continues to benefit from use in popular glyphosate
herbicides. Demand for monoethanolamine
will see ongoing gains in the wood treatment market. Additionally, growth in triethanolamine
demand will be aided by expanding uses in personal care products and fabric
softeners.
Specialty
amines demand will be boosted by a rebound in plastics processing, as
well as by the replacement of other amines in such applications as natural gas
treatment and by expanding uses in fast-growing applications including epoxy
curing agents in wind turbine blades.
Fatty amines are most commonly used in cleaning products and personal
care products and will continue to benefit from their benign environmental
profile.
Alkylamines will advance at a
below-average pace, restrained by market maturity combined with sluggish gains
for the major products that employ these amines.
Market maturity -- particularly in the
lubricants market -- will also limit gains for ethyleneamines, which represent
the smallest-volume product segment.
The Freedonia
Group is a leading international
business
research company, founded in 1985, that publishes more than 100 industry
research studies annually. This industry analysis provides an unbiased outlook
and a reliable assessment of an industry and includes
product
segmentation and demand forecasts, industry trends, demand history, threats
and opportunities, competitive strategies, market share determinations and
company profiles.
