Demand for Amines to Reach 7 Million Metric Tons
World demand for amines will rise 3.8 percent annually to 7.0 million metric tons in 2017, led by robust growth in China. Amines demand in North America and Western Europe will rise at modest levels, reflecting the mature nature of these markets, according to World Amines, a new study from The Freedonia Group.
Gains will also occur in other developing economies throughout Asia, the Africa/Mideast region, and South America, the report adds. Consumer-oriented markets such as cleaning and personal care products will be the primary beneficiaries of growth in these countries.
The same impact will not be felt in pesticides, the largest market overall, however, as declining support for food-based biofuels in developed countries will result in a moderation in pesticide amines demand.
The expanded use of food-based biofuels was a strong contributor to pesticide amines demand growth from 2002 to 2012 as farmers in the Americas rapidly expanded the production of pesticide-resistant crops in an effort to boost yields and satisfy the increased biofuel crop demand.
Ethanolamines will continue to be the largest amine product type, based on their versatility. Advances for ethanolamines will be slower than those for alkylamines, due in large part to alkylamines having a broader range of applications in the large pesticides market beyond glyphosate-based formulations. Specialty amines demand will benefit from increasing demand for new, more effective amine products in the developed markets of Japan, North America and Western Europe, especially in markets such as plastics, lubricants and personal care products.
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