Global Amines Market Report, 2012 to 2020

15/apr/2019 15:26:36 susan hill Contatta l'autore

15 April 2019, Increasing crop protection, coatings & paints, personal care, water treatment and surfactants applications are anticipated to fuel the global amines marketgrowth over the next five years. Growth in agriculture with high yield requirements in countries like India, China, Indonesia, Malaysia and Brazil owing to growing consumption is projected to bolster the market over the forecast period. Increasing infrastructure development activities at BRICS and North America is anticipated to drive surfactant demand. This trend is expected to complement the growth market over the next five years. Growing surfactant is a projected to have positive impact on global amines market over the foreseeable future. Surgery, personal care and cosmetic products demand in emerging economies such as India, China and Indonesia is anticipated to boost the market growth over the forecast period.

Increasing amines applications in the automobile industry as coatings and paints is expected to fuel the global amines market over the next five years. EPA and European Commission have enforced strict regulations on industrial, agricultural and consumer amines applications which are projected to hinder the market over the foreseeable future. Volatile petrochemical 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 blocks for applications in adhesives and coatings. Such developments are anticipated to boost the market over the next five years.

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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 a cleaning agent in monoethanolamine and triethanolamine forms. It has another application for working fluids, cooling systems and lubricants to inhibit corrosion for automotive, marine and industrial applications. Rising preventive maintenance and health awareness is expected to drive the ethanolamine market growth over the foreseeable future. Fatty amines are anticipated to be the fastest growing product segment. Alkylamines holds minimum share in the global amines market two to fewer applications.

Amines are majorly used for crop protection in agriculture industry. Agriculture was the largest application segment market in 2013. Growing production and demand for improved yield is expected to increase market growth over the next five years. Bio-based crop protection chemicals and their increasing application in agriculture industry is projected to hamper the global amines market. Growing surfactant demand in detergent industries Increased personal care products demand by women is projected to drive

Asia Pacific dominated the global amines market owing to increasing surfactants, crop protection and personal care applications in 2013. Increasing agriculture production especially in India Growing construction and automotive industries in emerging countries such as Malaysia, China, India and Indonesia are anticipated to foster regional amines market over the foreseeable future. REACH norms regarding environmental impacts in Europe are expected to have negative impacts on market growth over the forecast period. Urbanization along with industrialization is anticipated to boost the market growth over the forecast period.

Presence of various participants globally has fragmented the global amines market. The major players include AkzoNobel, BASF, Dow Chemicals, Arkema SA, Huntsman Corporation and Clariant. Indian government announced PCPIR policy to promote chemicals and petrochemical production is projected to have positive impact on regional market growth over the forecast period.

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