This study analyzes the US amines industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., ethanolamines, alkylamines, fatty amines, specialty amines, ethyleneamines) and market (e.g., agricultural chemicals, cleaning products, personal care products, petroleum, natural gas processing, water treatment). The study also considers market environment factors, details industry structure, evaluates company market share and capacity share, and profiles industry players.
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.
Profiles for 25 competitors in the US industry, including Dow Chemical, DuPont, Huntsman, and Taminco
This study examines the US market for amines 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.
Historical data for 2001, 2006, and 2011 and forecasts for 2016 and 2021 are provided in pounds and current dollars at the manufacturers’ level. The term “demand” refers to US sales or apparent consumption and denotes US production plus imports, less exports and amines used in the manufacture of other amines (to avoid double counting). Tabular details may not add to totals due to independent rounding. Ratios may be rounded for the sake of clarity.
Information on amines was derived from several primary and secondary sources including government agencies, trade associations, industry competitors, online databases, and other Freedonia studies. Background information was obtained from several publications, including Chemical & Engineering News, Chemical Week, and ICIS Chemical Business.
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.