The Fatty Amines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Fatty Amines Global Market Report 2024, 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.
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.
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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
Major companies operating in the fatty amines market are forming partnerships to develop new products and strengthen their positions in the market. Collaborations and partnerships in the fatty amines market foster innovation, leverage complementary expertise, and accelerate the development and commercialization of advanced therapies by combining resources and capabilities. For instance, in November 2021, ChemSynergy GmbH, a Germany-based supplier of oleochemicals and derivatives partnered with Kao Chemicals Europe S.L. a Europe-based chemical and cosmetics company. Through the utilization of its manufacturing, research, and development capabilities in chemical product manufacture, notably in the oleochemical industry, this partnership further solidifies ChemSynergy’s position in the market. The collaboration with KAO Chemicals Europe, a top producer in the personal care, health, and hygiene sectors, is consistent with ChemSynergy’s mission to deliver superior, client-focused chemical specialties. ChemSynergy GmbH has assumed responsibility for KAO Chemicals Europe’s oleochemical distribution and filling business, concentrating on tertiary amines and fatty alcohols.
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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26. South America Fatty Amines Market
27. Brazil Fatty Amines Market
28. Middle East Fatty Amines Market
29. Africa Fatty Amines Market
30. Fatty Amines Market Competitive Landscape And Company Profiles
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