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.
Growth Drivers
Challenges
Harmful Side Effects of Fatty Amines
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Base Year |
2022 |
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Forecast Year |
2023 – 2035 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~USD 3 billion |
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Forecast Year Market Size (2035) |
~USD 8 billion |
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Regional Scope |
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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:
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By Type |
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By End Use |
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By Function |
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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.
Author Credits: Smruti Ranjan, Rajrani Baghel
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