Amines are chemical intermediates that are mainly used for formulations in the manufacturing of drugs and textiles chemicals Currently, most amines manufacturers use ammonia as a raw material. Most of the ammonia produced is consumed in the manufacturing of amines. Amines are classified as primary amines, secondary amines, tertiary amines and cyclic amines. Primary amines include ethanolamines, methylamines and ethyleneamines, wherein one of the hydrogen atoms in ammonia is replaced by aromatic or alkyl group. Secondary amines include amines with alkyl, aryl or both groups attached to the hydrogen atom, for example, dimethylamine. Cyclic amines are either secondary or tertiary amines in a cyclic form, for example piperidine.
The global agriculture market is on the rise due to the continuously growing population, especially in emerging nations. The agriculture industry is focusing on optimizing the crop yield to cater to the increasing demand for agricultural yield and cope with the scarcity of fertile land. Growth in the agricultural industry in BRIC countries has been driving the global agricultural chemicals market in the recent years. Furthermore, significant growth paints and coatings industry owing to rapid development in construction industry is also expected to boost the amines market. However, price volatility of raw materials such as ammonia and ethylene oxide is anticipated to hamper the growth of the amines market. Increasing application scope of amines in water treatment coupled with rising personal care industry is expected to open opportunities for the growth of the market over the next few years.
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Ethanolamines were the majorly consumed amines in the industry in 2012 accounting for over 50% of the global demand. These amines are expected to grow within forecast period on account of their increasing usage in applications such as crop protection chemicals, surfactants and water treatment among others. Demand for other amines such as alkylamines and fatty amines is expected to be steady due to a substantially high demand from other amines.
Demand for amines was highest from crop protection chemicals, accounting for over 30% of the global demand in 2012. The demand for amines in crop protection chemicals has been growing rapidly over the past few years and is expected to follow a similar trend over the next few years. These amines are being used for a wide range of crop protection chemicals such as herbicides, pesticides and fungicides among others. Changing lifestyles and improvements in technology has led to a significant rise in personal care as well, leading to higher demand for amines. Increasing use of surfactant due to its ability to boast foam capacity is expected to drive amines market. Usage of amines in surfactant has been significantly growing and is expected to follow a similar trend in the next six years.
The amines demand was highest from North America in 2012 accounting over 30% of the global market, owing to growing demand from crop protection chemicals and surfactant industry. The crop protection chemicals industry is currently the largest in North America and is expected to significantly grow with the increasing demand for good agricultural yield. However, demand from other regions such as Europe is expected to be low due to certain regulations from regulatory bodies such as REACH and CLEEN. The demand for amines is expected to increase in Asia Pacific due to rising crop protection chemicals and surfactant industry.
Companies such as The Dow Chemical Company, Rhodia, Huntsman Corporation and AkzoNobel N.V. account for less than 10% market share each. In addition, the amines market is fragmented due to presence of several medium and small scale amines manufacturers on a global as well as regional level.
