This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
“Amines to 2016” is the new market research report added to ReportsnReports.com store.
Dallas, Texas (PRWEB) December 28, 2012
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.
This study examines the US amines market by product type (ethanolamines, alkylamines, fatty amines, specialty amines, ethyleneamines, and polyetheramines) and by market (cleaning products, agricultural chemicals, personal care products, natural gas processing, water treatment, lubricants, wood treatment, and other markets). For the purposes of this study, aniline and other nitrogen compounds not listed among the products specified above are excluded, although they are sometimes considered amines. Also excluded from this study is hexamethylenediamine for captive nylon production.
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.
Buy a copy of report @ http://www.reportsnreports.com/purchase.aspx?name=211660 .
Profiles for 25 competitors in the US industry, including Dow Chemical, DuPont, Huntsman, and Taminco
In addition, major manufacturers of amines are identified and profiled, and key industry competitive variables are discussed. The entire report is framed within the amines industry’s macroeconomic, technological, and market environments. Throughout the study, demand for amines is related to various indicators for comparative purposes and to facilitate further analysis. The macroeconomic indicators used in this study were obtained from The Freedonia Group Consensus Forecasts dated August 2012. Corporate sales figures represent estimates based on annual reports, SEC 10-K reports, security analyst reports, corporate product literature, interviews with competitors, and interviews with responsible officers in the companies themselves.
Browse more reports on Chemicals Market @ http://www.reportsnreports.com/market-research/chemicals/
ReportsnReports.com (http://www.reportsnreports.com/ ) is an online market research reports library of 200,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebus-amines-market/forecasts-2016/prweb10277504.htm