Fatty Amines Market Size, Share | Industry Analysis 2023
The global fatty amines market size was valued at USD 2,940.1 million in 2022 and is poised to grow at a significant CAGR of 5.2% during the forecast period 2023-29. The primary factors that drive the market are the increasing use of fatty amines derivates in the production of emulsifiers, wetting agents, and cleaners along with home care, personal care, and lubricants. The global fatty amines market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.
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The global fatty amines market segmentation:
- By Product Type: Primary, Secondary, and Tertiary
- By Function: Emulsifiers, Floatation Agents, Anti-caking Agents, Dispersants, Corrosion Inhibitors, Chemical Intermediates, and Others
- By End Users: Agrochemicals, Oilfield Chemicals, Chemical Processing, Water Treatment, Asphalt Additives, Personal Care, and Others
Based on end-user type, agrochemical holds the highest market share. The major factor for the rise of this segment is the rise in the demand for high-quality food and nutrition around the world. Although the demand for nutritious food is high, there is limited availability of land that can be aerated so fatty amines can help in obtaining high-quality food which can drive the growth of the market.
Asia Pacific Fatty Amines Market
The Asia Pacific leads the global fatty amines market growth due to the technological advancements in household care and personal products in countries such as China and India. Beneficial petrochemical modifications and the guidelines and increasing usage of personal care and household products have contributed to increasing the sales of fatty amines in this region. Apart from this, the major factor that drives the market in this region are increasing demand for tertiary fatty amines which has a wide range of applications owing to their flexible properties.
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Key players’ profiles in the Fatty Amines market report are India Glycols Ltd, Indo Amines, Qida Chemical Co., Ltd., Shandong Dafeng Biotechnology Co., Ltd., Temix International S.R.L., Global Amines Company Pte. Ltd., Huntsman International LLC, Solvay S.A., Volant-Chem Group, KLK OLEO, AkzoNobel N.V., and Evonik Industries
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