Fatty Amines Market Segmentation:
End-user Segment Analysis
The agrochemical segment is anticipated to account for largest market share in the forecast period. Owing to fatty amine's anti-caking agent properties, fatty amines are highly used in the manufacturing of fertilizers and pesticides. Globally more than 2 million tonnes of pesticides and fertilizers are produced.
In addition, the need for higher productivity in the agricultural sector and growing sustainability concerns regarding the food supply are some of the main factors influencing the expansion of the agrochemicals segment. Since the past few decades, the demand for agrochemicals has increased in the agriculture and food industry owing to its reduced arable. Fatty amines are used as anti-caking agents and wetting agents, thus used as agrochemical additives .
Type Segment Analysis
The tertiary fatty amines segment is set to dominate majority market share by 2035. This growth is attributed to usage of tertiary fatty amines and their derivatives in wide-ranging applications such as fabric softeners, surfactants, drilling muds, asphalt emulsifiers, and disinfectants or bactericides. The primary fatty amines are likely to witness the fastest growth due to their quality of being used as a basic raw material to yield secondary and tertiary amines. Tertiary and secondary fatty amines are derived from primary fatty amines; thus, they are significant in different verticals.
Our in-depth analysis of the global market includes the following segments:
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