Market Report: Us Amines Demand to Reach Billion Pounds in [2019]

Nov 02 2015 Mumbai, India: Bharatbook.com announces a report on “ Market Report: US amines demand to reach billion pounds in [2019] ”. faster growth will be limited by the maturity of some of the largest markets for amines such as cleaning products and personal care products.

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. Ethanolamines and specialty amines will benefit from rising demand for natural gas as power generation companies continue to replace coalfired 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 woodalternative decking, and as treated wood producers increasingly turn to non-metalbased 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.

New herbicide-resistant crops to boost agricultural market

Amine demand in agricultural chemicals has expanded rapidly in recent years as the widespread planting of glyphosateresistant 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...