Global Amines Market worth 7.0 Million Metric Tons by 2017
DALLAS, March 3, 2014 /PRNewswire-iReach/ -- RnRMarketResearch.com adds "World Amines to 2017" to its store that says Amine demand growth in pesticides, the largest market, will moderate following a prolonged period of strong advances.
World demand to rise nearly 4% annually through 2017
Worldwide demand for amines will grow nearly four percent per year to 7.0 million metric tons in 2017, led by robust growth in China, as well as strong gains in the other developing economies of Asia, the Africa/Mideast region, and Central and South America. Markets such as cleaning and personal care products will be the primary beneficiaries of growth in these countries as the rising number of middle class consumers drive market expansion. However, the same impact will not be felt in pesticides, the largest market overall, as declining support for food-based biofuels in developed countries results in a moderation in pesticide amine demand growth. Amine Industry's demand in the developed countries of North America and Western Europe will rise at more modest — though below average — paces, reflecting the more mature nature of these markets.
Consumer markets to benefit from growing middle class
The expansion of the middle class, particularly in China, but also in the other developing countries of Asia, the Africa/ Mideast region, and Central and South America, will drive the expansion of a number of consumer-related markets in which amines are used. Cleaning and personal care products are the most important of these markets due to widespread usage of amines in surfactants that are incorporated into detergents, soaps, shampoos, and other cleaning products, as well as cleansers, creams, and lotions. Increasingly these consumers will also demand more advanced, higher quality products that make greater use of amines, further bolstering amine demand growth.
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Large pesticides market to remain key amines outlet
Amine demand growth in pesticides, the largest market, will moderate following a prolonged period of strong advances. The expanded use of food-based biofuels was a strong contributor to pesticide amine 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. However, this application has largely matured, restraining future increases in pesticideresistant crop output. Despite the more modest prospects for pesticide amine demand going forward, growth will continue to be supported by the modernization of agricultural practices and capabilities in developing regions as countries strive to boost food production to meet the rising demand of their increasingly affluent populaces. Rising incidences of pesticide-resistant weeds will also support demand as farmers increase application rates in an effort to control weed growth and maintain yields.
Alkylamines, specialty amines to grow the fastest
Based on versatility, relatively low cost, and widespread use in each of the major markets, ethanolamines will continue to be the largest amine product type, though advances will be restrained by faster growth in alkylamine demand in the pesticide market. Along with alkylamines, specialty amines will rise at an above average pace. Specialty amine demand will benefit from increasing demand for new, more effective amine products in the developed countries of Japan, North America, and Western Europe, especially in markets such as plastics, lubricants, and personal care products. Fatty amines and ethyleneamines will both experience healthy growth reflecting their use in the large cleaning and personal care products markets.
Profiles for 15 industry participants worldwide such as Akzo Nobel, BASF, Dow Chemical, Huntsman and Taminco
Comprehensive Table of Contents and more for the report "World Amines to 2017" is available at http://www.rnrmarketresearch.com/world-amines-to-2017-market-report.html .
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