World demand for amines will rise 3.8% annually to 7.0 million metric tons in 2017, led by robust growth in China, as well as strong gains in other developing economies throughout Asia, the Africa/Mideast region and South America, according to data from Freedonia Group.
Consumer-oriented markets such as cleaning and personal care products will be the primary beneficiaries of growth in these countries. The data comes from “World Amines,” a new study from the Cleveland-based industry market research firm.
Based on their versatility, relatively low cost, and widespread use in each of the major markets, ethanolamines will continue to be the largest amine product type. Advances for ethanolamines will be slower than those for alkylamines, due in large part to alkylamines having a broader range of applications in the large pesticides market beyond glyphosate-based formulations.
Specialty amines demand will benefit from increasing demand for new, more effective amine products in the developed markets of Japan, North America and Western Europe, especially in markets such as plastics, lubricants and personal care products, according to Freedonia.
More info: www.freedoniagroup.com