Fatty Amines Market Trends

  • Report ID: 2734
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

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 2036.
  • 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

Fatty Amines Market: Key Insights

 

Base Year

2024

Forecast Year

2025-2037

CAGR

5.1%

Base Year Market Size (2024)

USD 3.35 billion

Forecast Year Market Size (2037)

USD 6.4 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 2734
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of fatty amines is assessed at USD 3.49 billion.

The fatty amines market size was over USD 3.35 billion in 2024 and is anticipated to cross USD 6.4 billion by 2037, growing at more than 5.1% CAGR during the forecast period i.e., between 2025-2037. The growing demand for fatty amines from diverse industries will drive the market growth.

Asia Pacific industry is expected to dominate majority revenue share of 41% by 2037, owing to increasing agriculture and wastewater treatment industry in the region.

The major players in the market are Kao Corporation, Nouryon, Arkema S.A., Lonza, Solvay, Evonik Industries AG, Huntsman International LLC, Volant-Chem Corp., Global Amines Company Pte. Ltd., India Glycols Limited
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