Fatty Amines Market: Global Industry Analysis and Forecast (2023-2029)

Fatty Amines Market is expected to grow at a CAGR of 6.5% during the forecast period. Global Fatty Amines Market is expected to reach US$ 6.52 Bn by 2029.

The global Fatty Amines market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Fatty Amines report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Fatty Amines Market Overview:
The Fatty amines are the nitrogen derivatives of alcohols, fatty acids, and olefins, manufactured from natural sources, petrochemical raw materials, and fats and oils. Fatty amines are cationic surface-active compounds, which obey surfaces by either chemical or physical bonds. Commercial products are manufactured using fatty amines as reactive intermediates.
Fatty Amines Market Dynamics:
Growing demand for electric vehicle

The alteration towards electric vehicles in the industrialized and emerging nations would help in the growth of present IC engine vehicles and also help the fatty amines market over the forecast timeframe as fatty amines are also used as a lubricant. According to IEA, Norway, the Netherlands and Japan are leaders in the electronic vehicles section.

Norway held the share of 46 % in terms of the global new electric car sales as reported by IEA in 2019. To meet zero-emission targets under the "Paris Climate Accord", in 2017, France government has announced that it will ban diesel and gasoline-powered vehicles completely and switch to electric-powered vehicles by 2040.
Increasing demand for emulsifiers

High levels of demand from agrochemicals application due to the benefits of fatty amines as emulsifiers, is expected to propel the growth of the Fatty Amines market.

An emulsion is a mixture of two or more liquids that are normally immiscible (unmixable or unbendable). Emulsions are part of a more general class of two-phase systems of matter called colloids. Although the terms colloid and emulsion are sometimes used interchangeably, emulsion should be used when both phases, dispersed and continuous, are liquids.

In an emulsion, one liquid (the dispersed phase) is dispersed in the other (the continuous phase). Examples of emulsions include vinaigrettes, homogenized milk, and some cutting fluids for metalworking.

Impact of Covid 19

The rapid spread of coronavirus has had a major impact on global markets as major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest in purchasing any vehicles.

One of the major difficulties, the market is facing is the shutdown of all kinds of international transportation. A global crisis for all sectors including automotive, which was hit by slowing demand in goods production and exports had slowdown the market for the Market, as a majority of fatty amines are used as corrosion inhibitors or lubricants.
Segment Analysis:
By Product, the segment is divided into Primary, Secondary, and Tertiary. The primary fatty amines are estimated to witness the fastest growth owing to their quality of being used as a basic raw material to produce secondary and tertiary amines, which is anticipated to drive the growth of this product in the forthcoming years.

Additionally, tertiary amines are used as ore floatation, fuel additives, chemical intermediate, and corrosion inhibitors, accelerating the demand for tertiary fatty amines. The primary segment is expected to reach 120.1 kilotons by 2029 owing to the growing demand from developed economies such as North America and Europe.
Moreover, tertiary fatty amines have emerged as the largest application segment owing to the significant rise in demand for the product from developed and developing economies due to its wide-ranging abilities.

Furthermore, the U.S. market is anticipated to witness steady growth owing to the high demand for the tertiary product, which is utilized in various end-use products.

By Application, the Segment is categorized as Agrochemicals, Oilfield Chemicals, Chemical Processing, Water Treatment, Asphalt Additives, Personal Care, and Others. The agrochemicals end-use segment is projected to lead the market during the forecast period in terms of both, value and volume.

The growth of this segment can be attributed to the increase in the global demand for nutritious and high-quality food and the limited availability of arable land—this is driving the demand for agrochemicals, thus propelling the demand for the agrochemicals end-use segment of the fatty amines market.
Fatty Amines Market Regional Insights:
Asia Pacific Region is dominating the fatty amines market in terms of both consumption and production. The fatty amines market is anticipated to witness an increase in demand from India, China, and other countries in the Asia Pacific region. Countries like China, Japan, and Thailand's increasing emphasis on wastewater treatment facilities and growing demand for personal care and beauty care products are expected to fuel the fatty acid market in Asia pacific.

North America holds a prominent share as this region has a large presence of detergents and surfactant manufacturers and contributes significantly to production. Europe is seeing strong growth due to household use and personal care goods.

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
Fatty Amines market, Key Highlights:
Global Fatty Amines market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market

The Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.
Fatty Amines Market Scope: Inquire before buying



Fatty Amines Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.19 Bn.


Forecast Period 2023 to 2029 CAGR:
6.5%
Market Size in 2029:
US $ 6.52 Bn.


 Segments Covered:
by Product
Primary Fatty Amines
Secondary Fatty Amines
Tertiary Fatty Amines


by Application
Agrochemicals
Oilfield Chemicals
Asphalt additives
Anti-caking
Water Treatment
Chemical Synthesis
Personal Care
Household
Others


by Function
Emulsifiers
Floatation Agents
Anti-caking Agents
Dispersants
Corrosion Inhibitors
Chemical Intermediates
Others



Fatty Amines Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. India Glycols Ltd
2. Indo Amines
3. Qida Chemical Co., Ltd.
4. Shandong Dafeng Biotechnology Co., Ltd.
5. Temix International S.R.L.
6. Global Amines Company Pte. Ltd.
7. Huntsman International LLC
8. Solvay S.A.
9. Volant-Chem Group,
10. KLK OLEO,
11. AkzoNobel N.V.,
12. Evonik Industries,
13. Ecogreen Oleochemicals GmbH
14. Kao Corporation.
15. Nouryon
16. Arkema S.A.
17. Lonza Group Ltd
18. Procter & Gamble Co
19. ERCA SPA
20. Wuhan Obayer Science Co, Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Global Fatty Amines Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Fatty Amines Market?
Ans: The Global Market is growing at a CAGR of 6.5% during forecasting period 2023-2029.

3. What is scope of the Global Fatty Amines market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What is the study period of this market?
Ans: The Global Market is studied from 2022 to 2029.