Market Research Report
Fatty Amines - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||928536|
|Published||Content info||157 Pages
Delivery time: 2-3 business days
|Fatty Amines - Global Market Outlook (2018-2027)|
|Published: February 20, 2020||Content info: 157 Pages||
According to Stratistics MRC, the Global Fatty Amines market is accounted for $2.67 billion in 2018 and is expected to reach $5.57 billion by 2027 growing at a CAGR of 8.5% during the forecast period. Some of the key factors propelling the market growth are rising demand from the agriculture sector, vast set of applications across a number of industries and increasing demand for liquid detergent and fabric softeners. However, complex production process is the restraining factor for the growth of the market.
Fatty amines can be defined as the nitrogen based derivatives of fatty acids and are obtained from the raw materials such as fats, oils, petrochemicals, and other such raw materials. They consist of either a mix of carbon chains or single chain with the range of 8 to 22 carbon number. The important members of fatty amines include oleylamine, soya amine and coco amine etc. Their applications are in numerous end user industries including corrosion inhibition, organology, sanitization, fabric softening, and lubricant additives. Anti-caking, mining, water treatment, personal care, oilfield chemicals, paints and coatings, and agro-chemicals are a few of the most major applications, demanded by fatty amines. They are the source for variety of cosmetic formulations.
By type, tertiary segment is expected to grow at the significant market share during the forecast period. Tertiary fatty amines, along with their derivatives such as the consequent quaternary ammonium compounds, have wide range of applications, such as fabric softeners, surfactants, drilling muds, asphalt emulsifiers, and disinfectants/bactericides. The growth of this market is mainly attributed to the wide-ranging applications of tertiary amines.
On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period. Presence of robust automotive manufacturing industry is the prime factor driving the growth of the market. Moreover agricultural dependence of this region will boost the demand for agricultural products that will inadvertently propel the demand for fatty amine based agricultural products in the region. Easy availability of raw materials coupled with presence of cheap labor is tending the market leaders to shift their manufacturing facilities in emerging economies of the region such as India and China.
Some of the key players in Fatty Amines Market include Wuhan Obayer Science Co LTD, Volant-Chem Corp, Solvay SA, Qida Chemical Co Limited, Procter & Gamble Co, Nouryon, Lonza Group LTD, KAO Corporation, Indo Amines Limited, India Glycols Limited, Huntsman Corporation, Global Amines Company Pte LTD, Evonik Industries AG, ERCA SPA, Ecogreen Oleochemicals GmbH and Arkema S.A.
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.