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Global Fatty Amines Market to Grow at a CAGR of 5.3% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Fatty Amines Market Report and Forecast 2020-2025’, the global fatty amines market attained a value of USD 3.8 billion in 2019. The market is expected to grow at a CAGR of 5.3% between 2020 and 2025.

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.

Market Analysis by Product Type, Application, and Region:

  • Based on product types of fatty amines, the industry is divided into primary fatty amines, secondary fatty amines, and tertiary fatty amines.
  • Based on its application segments, the industry can be categorised as agrochemicals, oilfield chemicals, asphalt chemicals, anti-caking, water treatment, chemical synthesis, personal care, household, and others.
  • Regionally, the market is divided into North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Findings of the Report

  • A key factor driving the growth of the global fatty amines market is the growing product demand for various applications, including corrosion inhibition, organology, sanitization, fabric softening, and lubricant additives.
  • The presence of robust automotive manufacturing in the major regions is the prime factor driving the growth of the market for fatty amines.
  • The anticipated increase in the agrochemical market is expected to increase the demand for amines.
  • The growth in the emulsifiers segment is expected to boost the fatty amines market.

Key Offerings of the Report:

  • The EMR report presents an overview of the global fatty amines market for the periods 2015-2019 and 2020-2025.
  • The report also offers the historical (2015-2019) and forecast (2020-2025) market information for product types, applications, and regional markets of fatty amines.
  • It provides an insight into the regional price trends of fatty amines for the periods (2015-2019) and (2020-2025).
  • It analyses the global trade data, looking into the value and volume of the significant importing as well as exporting countries.

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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