Overview and Scope
The fatty amines are used as surfactants in various industries. Fatty amines are characterized as any variation of amine that is associated with at least eight carbon atoms in a hydrocarbon chain. These amines are regularly placed in oleochemicals and are fabricated by the process of hydrogenation in greasy nitriles. These are obtained by hydrogenation of fatty nitriles, which are produced by the reaction between triglycerides, fatty acids, or fatty esters and ammonia with the elimination of two molecules of water at high temperature in the presence of dehydrating catalyst (such as silica gel, alumina, or iron-based catalysts).
Sizing and Forecast
The fatty amines market size has grown strongly in recent years. It will grow from $4.07 billion in 2023 to $4.45 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to surfactant demand in cleaning products, growth in agrochemical industry, water treatment applications, paper and pulp processing, personal care products, oil and gas processing.
The fatty amines market size is expected to see strong growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to expansion of specialty chemicals sector, increased focus on water treatment, bio-based and sustainable alternatives, rising demand for bio-based herbicides, increased oil and gas exploration. Major trends in the forecast period include technological advancements in formulations, surge in demand for agrochemicals, focus on bio-based fatty amines, expansion in personal care products, rising demand in textile chemicals.
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Segmentation & Regional Insights
The fatty amines market covered in this report is segmented –
1) By Product: Primary Fatty Amines, Secondary Fatty Amines, Tertiary Fatty Amines
2) By Application: Agrochemicals Oilfield Chemicals, Asphalt Additives, Water Treatment, Chemical Synthesis, Personal Care, Household
3) By Function: Emulsifiers, Floatation Agents, Anti-Caking Agents, Dispersants, Corrosion Inhibitors, Chemical Intermediates
Asia-Pacific was the largest region in the fatty amines market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the fatty amines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand in agrochemicals is expected to propel the growth of the fatty amines market going forward. Agrochemicals refer to a broad category of chemical products designed for use in agriculture to enhance crop production and protect plants from pests, diseases, and weeds. Fatty amines contribute to their widespread use in the agrochemical industry, where they enhance the performance and efficiency of various agricultural products, reduce surface tension, formulation stability, serve as adjuvants, improving soil penetration, improved crop protection, enhanced rainfastness, and reduction of spray drift during pesticide application. For instance, in May 2023, according to the Eurostat, an EU-based statistical office, in the European Union, 355 175 tons of pesticides were sold in 2021 this represented a modest rise of 2.7%. Therefore, the increasing demand in agrochemicals is driving the growth of the fatty amines market.
Key Industry Players
Major companies operating in the fatty amines market report are BASF SE, Evonik Industries AG, Zhejiang Xinhua Chemical Co. Ltd., Solvay S.A, DuPont, Arkema SA, AkzoNobel NV, Kao Corporation, KLK OLEO, Huntsman Corporation, Albemarle Corporation, Oxiteno, Lonza Group Ltd., Nouryon, Clariant AG, Sigma-Aldrich Corporation, Ashland Global Holdings Inc., Croda International plc, India Glycols Limited, Ecogreen Oleochemicals GmbH, Temix Oleo Srl, Indo Amines Limited, Procter & Gamble Chemicals Company, Global Amines Company Pty. Ltd., Volant Chem Corp., Qida Chemical Co. Limited, ERCA SPA, Shandong Haili Chemical Industry Co. Ltd., Gujarat Fluorochemicals Limited, Nippon Shokubai Co. Ltd.
The fatty amines market report table of contents includes:
1. Executive Summary
2. Fatty Amines Market Characteristics
3. Fatty Amines Market Trends And Strategies
4. Fatty Amines Market – Macro Economic Scenario
5. Global Fatty Amines Market Size and Growth
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32. Global Fatty Amines Market Competitive Benchmarking
33. Global Fatty Amines Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fatty Amines Market
35. Fatty Amines Market Future Outlook and Potential Analysis
36. Appendix
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