Amines

Freedonia Group Inc
December 1, 2012
219 Pages - SKU: FG4934891
Countries covered: United States



US demand to reach 3.1 billion pounds in 2016
US demand for amines (excluding those used to produce other amines) is forecast to expand nearly 2.2 percent per annum to 3.1 billion pounds in 2016, valued at $4.1 billion. Above average increases in agricultural chemical amine demand will drive growth, as will healthy advances in the large cleaning product and personal care markets. An improved outlook for construction spending will contribute to above average growth in applications such as cement mixtures, coatings, epoxies, resins, and wood treatments. However, maturity in markets such as petroleum operations and water treatment will preclude faster growth for amines, as will a moderation in natural gas production and processing.

Favorable economic conditions to benefit broad range of markets
Rising global demand for agricultural products -- for both food and industrial uses -- will continue to support increased pesticide production, particularly as the planting of herbicide-resistant crops continues to expand. While efforts to reduce pesticide consumption through techniques such as integrated pest management will have an impact, overall global pesticide demand will continue to rise, boosting amine demand in pesticide exporting countries such as the US.

Improving economic conditions will lead to healthy growth in amine demand for cleaning and personal care products, particularly as the unemployment rate continues to fall and consumers’ personal economic positions continue to improve. Demand for amines in cleaning and personal care products fell during the recession as businesses and consumers alike looked to reduce expenditures. However, the decline was not as great as in other markets, and quickly began to recover as the economy improved. The healthy growth going forward will have the biggest impact on fatty amines, which are principally consumed in cleaning product and personal care applications.

Following a protracted period of decline, construction activity in the US is expected to pick up significantly going forward, which in turn will drive amine demand in a number of applications. Sales of cement mixtures, coatings, composites, epoxies, resins, and wood treatments are all expected to expand at an above average pace. Additionally, growth in coatings and resins will be driven by ongoing robust demand for polyetheramines that are a primary component of polyurea coatings and composites. The use of amines for composites and resins will also be supported by advances in wind turbines and in the aerospace industry, though demand in these applications can be volatile due to their dependence on government funding and subsidies.

Most amines to rise at pace close to overall average
While polyetheramines will experience the fastest growth going forward, it will be from a small base. Most other amines will rise at a pace that is around, or just below, the overall average. Specialty and ethylene amines will expand at the slowest pace, though this largely reflects the maturity of key markets such as lubricants, petroleum operations, and water treatment. Additionally, demand for these amines will be restrained by a slowdown in natural gas production and processing following the robust increases in output that resulted from the widespread adoption of hydraulic fracturing and horizontal drilling technologies in shale formations.

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Additional Information

PRESS RELEASE

US Demand for Amines to Exceed 3 Billion Pounds in 2016

US demand for amines (excluding those used to produce other amines) is forecast to advance 2.4 percent annually to 3.1 billion pounds in 2016, valued at $4.3 billion. The agricultural chemical and cleaning product markets will be responsible for the largest increases in amines demand, with agricultural chemical amine sales rising above the overall average. The fastest growth will occur in the wood treatment products market, though from a much smaller base, due to a robust rebound in construction spending. While demand for most amine products will grow near or just above the overall average pace, polyetheramines will continue to outperform due to their expanding use in coatings and composites. These and other trends are presented in Amines, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

Healthy demand for alkylamines and ethanolamines as intermediates in pesticide active ingredient production will drive above average increases in the agricultural chemical market through 2016. Alkylamines and ethanolamines will also lead gains in cleaning products, the largest outlet for amines. The fastest growth will be achieved in the wood treatment market, driven by a rebound in residential construction; however, increasing competition from wood-alternative products will limit gains over the long term.

Ethanolamines will be the largest and second fastest growing product segment in the US amines market. Diethanolamine will remain the most commercially significant of the ethanolamines, providing strong support as it continues to benefit from use in herbicides such as glyphosate and atrazine. Specialty amines demand will be supported by an improving outlook for plastics processing. Fatty amines will continue to benefit from the benign environmental profile and gentleness on the skin of their derivatives that are used in cleaning and personal care products. Demand for alkylamines and ethyleneamines will be restrained by maturity in key applications.

Due to their importance in polyurea coatings and composites, and as epoxy resin curing agents, polyetheramines will continue to grow at a faster pace than all other amine product types. The relative ease of application, high tensile strength, and durability of polyurea coatings have resulted in their use in a number of industries. Robust growth in construction spending, as well as ongoing development of new applications, will contribute to strong advances in polyetheramines demand through the end of the forecast period.

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