Fatty Amines Market Trends

Growth Drivers

• Strong demand from diverse industries - The global market for fatty amines is anticipated to be primarily compelled by the burgeoning demand for agrochemicals and asphalt additives, worldwide. Also, the rapidly thriving water treatment chemicals industry is propelling the demand for fatty amines. The rising global population, followed by the growing demand for agricultural products, will contribute to the demand for agrochemicals based on fatty amines. Asia, North America, and South America accounted for 40%, 25%, and 22% share in the overall pesticide and other agricultural chemicals market.
• Rising Technological Advancement - Further, technological advancements and growth in novel applications will be another imperative factor raising significant demand from the verticals, such as mining, fabric conditioning, paints & coatings, and detergents, over the foreseeable future. In 2022, the United States was regarded as the largest tech market in the world.
• Growing Demand for Water Treatment Chemicals – Water is found diversely in various parts of the world. Not all water is good for drinking use, therefore, wastewater treatment is a crucial part. Water treatment chemicals and fatty amines are widely used in wastewater treatment. Based on end use, the water treatment segment is expected to hold a revenue of USD 2 billion by the end of 2037.

• Increasing Use of Personal Care and Cosmetic Products – As per the sources, the personal care and beauty industry generated a market revenue of USD 100 million in 2021.

Challenges

• Availability of Alternatives - The availability of economical alternatives that are relatively environment-friendly, uncertain raw material pricing and fluctuating availability of fatty amines, and the presence of stringent government regulations concerning the hazardous impact of these compounds restricting their usage, are the key factors that might hamper the growth of the overall fatty amines market in the forecast period.
• Strict Government Regulations

Harmful Side Effects of Fatty Amines