Fatty Amines Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Fatty Amines Market Analysis
The market for fatty amines market is expected to grow at a CAGR of greater than 4% during the forecast period. The major factor driving the growth of the market studied is the growing demand for fatty amines as emulsifiers in agrochemicals. On the flipside, easy availability of economical and eco-friendly alternatives is likely to hinder the growth of the market studied.
Fatty Amines Market Trends
This section covers the major market trends shaping the Fatty Amines Market according to our research experts:
Soaring Demand from Water Treatment Segment
- Fatty amines are nitrogen derivatives of fatty acids, olefins, or alcohols, prepared from natural sources, fats, and oils, or petrochemical raw materials. The commercially available fatty amines are prepared by either distillation of fatty acids or when fatty alcohols are reacted with ammonia or primary, secondary amines.
- Water treatment industry is the dominant end-user industry for the use of fatty amines, accounting for more than one-fifth of the total global market share of fatty amines.
- One of the major factors driving the market is the high demand for fatty amines as a water softener, corrosion inhibitor, and scale dispersant.
- Various industrial plants, refineries, and manufacturing industries, use fatty amines for wastewater treatment, which has led to their increasing demand in the water treatment industry.
- There has been a considerable stress on water supplies over the past few years, owing to increase in global population, the growing need for clean water in industrial applications and the impact of climate change, which has led to the scarcity of water across the world and thus mandating the need for water treatment activities.
- Such factors in turn are boosting the demand for fatty amines.
Asia-Pacific to Dominate the Market
- Asia-Pacific region dominated the market during the forecast period primarily due to the increasing demand from the agriculture and water treatment sector.
- China, India, and Japan are the major contributors to the increasing demand for fatty amines across the region as well as the globe.
- Increasing water treatment activities across the region primarily from power generation and oil & gas activities are propelling the market demand.
- Furthermore, agriculture is the backbone of many countries in Asia-Pacific and the demand for treated water is continuously increasing.
- This scenario is expected to continue during the forecast period and act as a great boosting factor for the market studied.
Fatty Amines Industry Overview
The fatty amines market is partially consolidated among the few players. Key players in the market include Evonik Industries AG, Huntsman International LLC, Nouryon, and Solvay, among others.
Fatty Amines Market Leaders
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Nouryon
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Solvay
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Huntsman International LLC
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Evonik Industries AG
*Disclaimer: Major Players sorted in no particular order
Fatty Amines Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Demand for Fatty Amines as Emulsifiers in Agrochemicals
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Easy Availability of Economical and Eco-friendly Alternatives
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4.2.2 Other Restraints
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Primary Amines
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5.1.2 Secondary Amines
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5.1.3 Tertiary Amines
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5.2 Application
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5.2.1 Water Softener
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5.2.2 Emulsifier
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5.2.3 Corrosion Inhibitor
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5.2.4 Asphalt Additives
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5.2.5 Anti-caking
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5.2.6 Other Applications
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5.3 End-user Industry
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5.3.1 Water Treatment
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5.3.2 Agriculture
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5.3.3 Oil and Gas
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5.3.4 Infrastructure
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5.3.5 Personal Care
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5.3.6 Other End-user Industries
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 United Kingdom
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5.4.3.2 France
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5.4.3.3 Germany
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5.4.3.4 Italy
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East and Africa
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5.4.5.1 South Africa
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5.4.5.2 Saudi Arabia
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5.4.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Evonik Industries AG
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6.4.2 GLOBAL AMINES COMPANY (Clariant)
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6.4.3 Huntsman International
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6.4.4 India Glycols Limited
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6.4.5 Indo Amines Limited
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6.4.6 Kao Corporation
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6.4.7 KLK OLEO
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6.4.8 Nouryon
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6.4.9 PT. Ecogreen Oleochemicals
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6.4.10 Shandong Dafeng Biotechnology Co., Ltd.
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6.4.11 Solvay
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6.4.12 Volant-Chem Corp.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Fatty Amines Industry Segmentation
The fatty amines market report includes:
Type | |
Primary Amines | |
Secondary Amines | |
Tertiary Amines |
Application | |
Water Softener | |
Emulsifier | |
Corrosion Inhibitor | |
Asphalt Additives | |
Anti-caking | |
Other Applications |
End-user Industry | |
Water Treatment | |
Agriculture | |
Oil and Gas | |
Infrastructure | |
Personal Care | |
Other End-user Industries |
Geography | |||||||
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Fatty Amines Market Research FAQs
What is the current Fatty Amines Market size?
The Fatty Amines Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Fatty Amines Market?
Nouryon, Solvay, Huntsman International LLC and Evonik Industries AG are the major companies operating in the Fatty Amines Market.
Which is the fastest growing region in Fatty Amines Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fatty Amines Market?
In 2024, the Asia Pacific accounts for the largest market share in Fatty Amines Market.
What years does this Fatty Amines Market cover?
The report covers the Fatty Amines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fatty Amines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fatty Amines Industry Report
Statistics for the 2024 Fatty Amines market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Fatty Amines analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.