Fatty Amines Market Size & Share, by Type (Primary, Secondary, Tertiary); End-user (Agrochemicals, oilfield chemicals, chemical processing, water treatments); Function (Emulsifiers, Floatation Agents, Dispersants, Chemical Intermediates) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report Over 2023-2035

  • Report ID: 2734
  • Published Date: Apr 24, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Fatty Amines Market size is projected to cross USD  8 billion by the end of 2035 by growing at a CAGR of 5% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of fatty amines was over USD 3 billion. Fatty amines are organic compounds that are derivatives of ammonia and contain one or more hydrogen atoms that are substituted by either an aryl or an alkyl group. These compounds are also known as oleochemicals. Fatty nitriles' hydrogenation reaction, which is catalyzed, continuously separates fatty amines from oleochemicals. They can be used for a variety of purposes, including water treatment, agrochemicals, petroleum chemicals, additives for asphalt, anti-caking, and other uses in the mining, personal care, textile, painting, and blending industries. Numerous consumer sectors use fatty amines, including those that deal with texture, sanitization, organology, corrosion inhibition, and other cosmetic additives. Additionally, they are increasingly being utilized in fabric softeners and liquid detergents. Rising demand for liquid detergent and fabric softeners the industrial investment from the developed countries is estimated to drive the growth of this market in the forecast period. As per data published by market research firm Kantar, liquid detergent had a penetration of 15.5% in India. In short low cost of raw material, with its easy availability doubled with low production cost and low toxicity level is expected to drive the growth of this market in the upcoming times.

Fatty amine utilization could be highly seen in the paint and coating industry owing to its multinational performance characteristics and it also does act as an epoxy curing agent. Rising construction and building activity in emerging economies such as in the Asia Pacific. Owing to the increasing population doubled with the strong economic development of the region is increasing the demand for fatty amines market. APAC Smart City project is anticipated to reach USD 1100 billion by 2025.


Fatty Amines Market
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Fatty Amines Sector: Growth Drivers and Challenges

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 2035.
  • 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

2022

Forecast Year

2023 – 2035

CAGR

~5%

Base Year Market Size (2022)

~USD 3 billion

Forecast Year Market Size (2035)

~USD 8 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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Fatty Amines Market Segmentation

End-user (Agrochemicals, oilfield chemicals, chemical processing, water treatments)

Fatty Amines Market is segmented and analyzed for demand and supply by end-use into agrochemicals, oilfield chemicals, chemical processing, water treatments, and others. Out of this, the agrochemical segment is anticipated to account for the 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 dominance and expansion of the agrochemicals market. 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 (Primary, Secondary, Tertiary)

 The fatty amines market is segmented and analyzed for demand and supply by product types into tertiary, secondary, and primary fatty amines. Out of which, the tertiary fatty amines segment is estimated to hold the biggest market share during the forecast period, both in terms of value and volume. This growth is attributed to the 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:

     By Type

  • Primary
  • Secondary
  • Tertiary

     By End Use

  • Agrochemicals
  • oilfield chemicals
  •  chemical processing
  •  water treatments
  •  Others

     By Function

  • Emulsifiers
  • Floatation Agents
  •  Dispersants
  • Chemical Intermediates
  • Others

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Fatty Amines Industry - Regional Synopsis

APAC Market Statistics

The market in the Asia Pacific region is estimated to hold the largest market share by the end of 2035. This can be attributed owing to the increasing agriculture and wastewater treatment industry in the region. As per Indian Brand Equity Foundation, the Indian agriculture sector will reach a revenue of USD 25 billion by the end of 2025. China, India, and Japan are the leading proponents of the escalating demand for fatty amines on a national and international level. Upsurging growth in water treatment operations throughout the region, especially from power generation and oil and gas operations, is what's driving the market need. Additionally, demand for treated water is also caused by the fact that agriculture is a major industry in many Asia-Pacific countries. Positive petrochemical adjustments and regulations are predicted to further boost product demand during the projection period. Furthermore, during the past several years, consumption of personal care and home goods has been gradually rising in Japan and developing nations like China and India, and it is anticipated that this trend will continue in the years to come. This situation is anticipated to persist during the forecast period and serve as a significant driving force for the market under consideration.

North American Market Forecast

Furthermore, the market in the North American region is expected to be the second largest market by the end of 2035. This can be attributed owing to the several detergent and surfactant producers are active in this industry, and their contributions to its expansion are important. The main players are more likely to include novel items to tap into unrealized potentials, which is also anticipated to drive growth.

Europe Market Forecast

The market in the Europe region is further anticipated to have a significant growth by the end of 2035. This can be attribute to the growing use of cosmetics and personal care products. Primary fatty amines are widely used in the production of personal care and makeup products as they are quite similar to esters and organic oils. Also, the increasing use of household products that consists of fatty amines within them is driving the growth of the fatty amines market in the Europe region.

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Fatty Amines Market Size
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Companies Dominating the Fatty Amines Landscape

top-features-companies
    • Kao Corporation 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Nouryon
    • Arkema S.A.
    • Lonza
    • Solvay
    • Evonik Industries AG
    • Huntsman International LLC
    • Volant-Chem Corp.
    • Global Amines Company Pte. Ltd.
    • India Glycols Limited

In-the-news

In The News

  • Kao Corporation has decided to build a new tertiary amine production plant in Pasadena, Texas, United States, mainly to meet the growing demand for sterilizing/cleaning applications but also for a wide range of other industrial applications. Owing to Kao's unique catalyst technology, its tertiary amines are of superior quality. Kao has the world's largest production capacity with three production sites in Japan, the Philippines, and Germany.
  • Evonik Industries AG made a technical collaboration with AG Tech, in order to enhance its regional agribusiness network.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 2734
  • Published Date: Apr 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for fatty amines from diverse industries is one of the important factors responsible for the growth of this market.

The market size of USB Type-C is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2035.

The availability of alternatives is estimated to act as a barrier to market growth.

Asia Pacific is estimated to create notable growth opportunities for market growth over the forecast period.

The major players in the market are Nouryon, Arkema S.A., Lonza, Solvay, Evonik Industries AG, Huntsman International LLC, and Others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by function, end-use, product type, and by region.

The tertiary segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Fatty Amines Market Report Scope
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