The growth of the global fatty amines market is influenced by the growing fatty amines demand from the end-use industries. North America is a significant market for fatty amines driven by the growing adoption of the product in the United States. In the United States, fatty amines are being extensively used in water treatment chemicals application owing to the growing concerns about recycling and reuse of wastewater in the region. The growing demand for products like liquid detergent and fabric softeners is further expected to accelerate the fatty amines market in the region.
The global market is being driven by the low cost of raw materials and their ample availability. Primary amines are required for the production of secondary and tertiary amines, which are widely used in the floatation of ores, and as fuel additives, chemical intermediates, and inhibitors of corrosion. Thus, the growing demand from downstream industries is expected to aid the growth of the overall market.
In November 2017, AkzoNobel (OTCMKTS: AKZOY) completed its expansion of €4.8 million of its Surface Chemistry facility in Boxing, China. This expansion will not just increase the company’s presence in the Asian market, but will also positively influence the fatty amines market as the company expands its footprint from just the fabric softeners industry to serve cleaning, agrochemical, personal care (such as cosmetics), mining, fuel and lubes, asphalt and the oil industry. Such developments by the major players in the market are expected to positively influence the overall industry.
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Kao Corporation, Ecogreen Oleochemicals, Evonik Industries, AkzoNobel N.V, KLK OLEO, Volant-Chem Corp, and Solvay S.A, among others, are the key players in the global fatty amines market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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