Press Release Summary = US amines demand to reach $2.9 billion in 2010 US demand for amines (excluding those used to produce other amines) will grow 3.0 percent per year through 2010 to 2.8 billion pounds, valued at $2.9 billion.
Press Release Body = Amines industry forecasts to 2010 & 2015
US amines demand to reach $2.9 billion in 2010 US demand for amines (excluding those used to produce other amines) will grow 3.0 percent per year through 2010 to 2.8 billion pounds, valued at $2.9 billion. Growth will be driven by fast-growing niches (such as glyphosate herbicides), new applications (such as wood preservatives) and higher surfactants loadings in detergents and personal care products.
Value gains will outpace gains in volume due to continuing price increases resulting from high capacity utilization and rising feedstock and energy costs. Because of pricing differences, the relative importance of each amine type varies in volume versus value terms. For example, ethanolamines are the dominant type by volume, but the smallest in value based on their low cost (less than $0.50 per pound). Likewise, specialty amines account for a relatively low volume share, but their higher prices (in excess of $2.00 per pound for many products) make them the most important amines by value.
Additional Information
Ethanolamines to remain largest type by volume Ethanolamines are the largest amine type by production volume, and will continue to show the fastest growth through 2010 despite moderating from the 2000-2005 pace. The phasing out of chromated copper arsenate (CCA) in wood preservation will continue to benefit monoethanolamine as the two leading alternatives both make extensive use of the chemical. Triethanolamine growth will be led by new applications in diesterquat fabric softeners. While diethanolamine will not see any new applications, it will still post solid gains on the strength of glyphosate herbicide demand.
Specialty amines will show solid gains fueled by gas sweetening applications, where their strong performance characteristics are making them more cost-effective as compared to the commodity amines. An acceleration in plastics production, the largest market for specialty amines, will also aid gains. Demand for ethyleneamines will accelerate as key industrial markets -- including plastics processing -- recover from slowdowns during the 2000-2005 period.
Personal care products to post best market growth Among the major markets for amines, personal care products will provide the best growth opportunities due to higher amine loadings in premium products and healthy gains in the personal care products industry overall. Detergents and cleaning products, and agricultural chemicals -- the two largest amine markets -- will see slightly below average gains due to maturity in most applications, although certain niches like glyphosate herbicides will see stronger growth.
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2025
