Research Study on Global Amines Market Size, Share, Analysis, Growth, Industry Trends and Forecast, 2012 to 2020

Increasing crop protection, coatings & paints, personal care, water treatment and surfactants applications are anticipated to fuel the global amines market growth over the next five years. Agriculture growth along with high yield requirement in emerging countries such as India, China, Indonesia, Malaysia and Brazil owing to growing consumption is projected to bolster the amines market over the forecast period. Increasing infrastructure development activities in BRICS and North America is anticipated to drive surfactant demand. This trend is further expected to complement the amines market growth over the next five years. Growing surfactant demand as laundry liquids is projected to have positive impact on global amines market over the foreseeable future. Surging personal care and cosmetic products demand in emerging economies such as India, China and Indonesia is anticipated to boost the amines market growth over the forecast period.

Increasing amines applications in automobile industry as coatings & paints is expected to fuel the global amines market over the next five years. EPA and European Commission have enforced strict regulations on industrial, agriculture and consumer amines applications which are projected to hinder the amines market over the foreseeable future. Volatile petrochemicals prices have had negative impact on global amines market in last two years. This led customers to shift towards bio-based products majorly in cleaning application. In 2013, Croda Polymers & Coatings developed new technology known as ‘Novel Amine-Functional Dimer’ to manufacture bio-based amines building block for application in adhesives and coatings. Such developments are anticipated to boost amines market over the next five years period.

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Ethanolamine dominated the amine product segment in 2013 accounted for over 49% of the total market. Ethanolamine is mainly used as cleaning...