Market Report: US amines demand to reach billion pounds in [2019]

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Market Report US amines demand to reach
billion pounds in 2019
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Summary
US demand for amines will expand at a modest
pace, reaching 3.1 billion pounds in 2019. The
growing use of pesticide resistant crops will
drive amine demand in agricultural chemicals.
Ethanol amines and specialty amines will benefit
from rising demand for natural gas as power
generation companies continue to replace coal
fired power plants with more efficient natural
gas burning plants. Rising construction activity
will help drive strong demand for polyether
amines, as well as other amines used in
adhesives. However, the use of amines in wood
treatment chemicals will not recover
significantly as consumers shift to wood
alternative decking, and as treated wood
producers increasingly turn to non-metal based
preservatives that are not formulated with
amines. Additionally, faster growth will be
limited by the maturity of some of the largest
markets for amines such as cleaning products and
personal care products.
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New herbicide-resistant crops to boost
agricultural market Amine demand in agricultural
chemicals has expanded rapidly in recent years as
the widespread planting of glyphosate resistant
crops resulted in robust growth in herbicides
demand, and as Monsanto (the sole US producer of
glyphosate) chose to pursue market share in 2010
by cutting prices. More recently, growing weed
resistance to glyphosate, both in the US and
abroad, has continued to drive amine demand for
glyphosate as farmers have increased usage to
maintain weed control. Agricultural companies
have also responded by developing new varieties
of corn and soybeans resistant to other
herbicides beyond glyphosate, including the
well-known herbicides 2,4-D and dicamba.
Increased usage of these crops going forward will
spur growth in amine demand as farmers increase
their herbicide consumption on crops containing
the new genes.
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Regulations favoring natural gas to benefit
ethanol amines Government regulations intended
to improve air quality and reduce greenhouse gas
emissions will further drive amine demand going
forward. Industry efforts to comply with the
increasingly stringent regulations will boost
natural gas consumption (and production) as
coal-fired power plants are retired in favor of
more efficient, and less polluting, natural gas
power plants. Ethanol amines and specialty amines
utilized to remove sulfur and other impurities
from the natural gas as it is processed and
transported will benefit the most.
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Polyetheramines to be fastest growing amine
type Robust growth in building construction will
help boost the production of coatings and
adhesives, benefiting most of the commodity
amines. Polyetheramines, which have found growing
usage in adhesives and advanced composites, will
be among the biggest beneficiaries, and achieve
the fastest growth of all amine types overall.
However, rapid consumer adoption of
wood-alternative decking options will limit
demand for amines in wood preservatives.
Additionally, an industry shift toward
non-metal-based preservatives will further
restrain amine demand, as these newer products do
not require amines in their formulations.
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Study coverage This upcoming Freedonia industry
study, Amines, is priced at 5200. It presents
historical demand data (2004, 2009 and 2014) plus
forecasts (2019 and 2024) by product (e.g.,
ethanolamines, specialty amines, alkylamines,
ethyleneamines, fatty amines, polyetheramines)
and by market. The study also considers market
environment factors, details the industry
structure, analyzes company market share and
capacity share, and profiles 24 US industry
players, including Akzo Nobel, BASF, Huntsman,
Eastman Chemical and Dow Chemical.
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Table of Contents
MARKET ENVIRONMENT General Macroeconomic
Outlook Demographic Outlook Consumer Spending
Outlook Manufacturing Outlook Historical Market
Trends Pricing Patterns Environmental
Regulatory Considerations
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To view the full Executive Summary and Table
of Contents, please visit Market Report US
amines demand to reach billion pounds in 2019
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