Global Fatty Amines Market – Growth and Trend Outlook 2014-2021
The global fatty amines market is expected to expand at a moderate CAGR of around 4.2% over a forecast period 2016-2022 reaching a value beyond US$ 2370 MN in 2022 as per the report “Global Fatty Amines Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast” available with DecisionDatabases.com. Fatty amines are the nitrogen-based derivatives of fatty acids or olefins which are often derived from oils, petrochemicals, fats, and similar raw materials. Fatty amines are used in different industries where its application totally depends on its cationic nature.
The two key factors supporting the market for fatty amines on a global level are expected to be driven by the growing demand for agro-chemicals and asphalt-additives and rapidly thriving water treatment chemicals industry. As the population is increasing globally, the demand for agricultural products has also increased which is thus fuelling the demand for agro-chemicals based on fatty amines. Also development of novel applications and technological innovation are another significant factors propelling the market demand from various sectors like fabric conditioning, detergents, paints and coatings, mining, construction and automotive over the next few years. The key markets for fatty amines over the forecast period are projected to be the developing economies. Most of the applications which drives the demand for fatty amines are fabric softening, corrosion inhibition, organ clay, lubricant additives, and sanitization, water treatment, anti-caking, mining, paints and coatings, personal care, oilfield chemicals, and agro-chemicals.
The global fatty amines market is segmented on the basis of application, product type and regions. By application, the global fatty amines market is segmented into water treatment, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking, and others. Application growth is anticipated to be a significant market driver for amines demand in agriculture as amines are majorly used as crop protection chemicals in the agricultural industry. Among the aforementioned segments, water treatment chemicals are expected to dominate the global fatty amines market throughout the forecast period. Application growth is anticipated to be a significant market driver for amines demand in agriculture as amines are majorly used as crop protection chemicals in the agricultural industry. The major segments over the forecast period followed by asphalt additives and oilfield chemicals segments are water treatment and agro-chemicals. Oilfield chemicals segment will also remain a notable application segment. Other application segments include anti-caking and others i.e. mining, personal care, and fabric softener. By product type, there are three key segments: primary fatty amines, secondary fatty amines, and tertiary fatty amines. Among these segments, tertiary fatty amines are projected to dominate the global fatty amines market as compared to the other two products. These product type are used in various applications such as water treatment chemicals, oilfield chemicals, paints & coatings, agro-chemicals and many more. By regions, the global fatty amines market is segmented into North America, Europe, Asia-Pacific and RoW. Among all of these, the global fatty amines market is predicted to remain dominant in Asia Pacific.
Key Market Players Analysis:
Some of the key players participating in the global fatty amines market’s competitive landscape are Kao Corporation, DuPont, Procter & Gamble Chemicals Company, AkzoNobel N.V., Clariant AG, Evonik Industries AG, Sigma-Aldrich Corporation, Lonza, Volant-Chem Group, and CECA Arkema Group.
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