|By Marketwired .||
|January 3, 2013 04:08 AM EST||
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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About Freedonia Group Inc
The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, market share information and profiles of the leading industry players.
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Cindy Frei at 240.747.3014 or visit http://www.marketresearch.com.
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