The global fatty amides market is estimated to be valued at ~US$ 252 Mn by the end of 2019 and is expected to be growing at a promising CAGR during the forecast period, 2019 - 2029. The global fatty amides market is expected to represent an incremental opportunity of more than ~US$ 100 Mn over the course of the next decade.
Introduction to the Fatty Amides Market
Fatty amides are derived from fatty acids such as erucic acid, stearic acid and oleic acid. Primary fatty amides such as erucamide, oleamide, stearamide and behenamide are widely used as slip agents and anti-blocking agents by polyolefin film processing industries. Erucamide is a primary amide and is synthesized by reacting erucic acid with gaseous ammonia. Erucamide is considered as a slip agent for polyolefin film processing due to its ability to reduce the value of COF (Coefficient of Friction) on the film surface.
Oleamide is used as a dispersing agent in printing ink and dyes. Furthermore, it has also found wide application in the manufacture of polyolefin films, which can be used for food packaging. Stearamide and behenamide are used in combination with erucamide as an anti-blocking agent in polyolefin film processing. The global market of fatty amides is expected to expand at a CAGR of 5.0% in terms of value in the upcoming year.
Growing Demand for Plastic and Film Processing in Europe and North America Boosting Fatty Amide Consumption
Plastic and film processing is well-establish in Europe and North America and is significantly growing in emerging markets such as India and South Korea. Demand for fatty amides is influenced by demand for polyolefin films from packaging and food & beverage industries. Currently, demand for fatty amides in Europe and North America is lesser than in Asia Pacific.
APAC Leading the Way in Fatty Amides Market
The fatty market in APAC is expected to expand at a CAGR of 5.6% in terms of value during the forecast period. The market in the region is estimated to account for over one-third share of the global fatty amides market in terms of value by 2016 end. In terms of volume, the market in North America is expected to exhibit steady growth during the forecast period. It is slated to account for the value share of around 21% by 2019 end. Sale of fatty amides in Latin America and the Middle East & Africa are forecast to grow at relatively lower rates over the forecast period.
Relatively Slow Economic Growth in Key Markets
Developed regions such as North America and Europe collectively account for significant share of consumption of fatty amides. However, these markets are mature and hence, are experiencing relatively slow growth. This situation is expected to remain unchanged for a major part of the forecast period. China, the other major market for fatty amides, is witnessing an economic downturn. The market in the country registered a rather lackluster growth rate in the base year. The aforementioned factors are expected to hinder growth of the global fatty amides market during the forecast period.
Industry Consolidation to Impact Fatty Amides Market
Global fatty amides market, pegged at US$ 206 Mn in 2014, is characterized by competitive oligopoly, wherein a few global manufacturers account for a dominant share in overall market supply. However, there do exist a few local players that primarily serve demand for fatty amides from domestic end users. In order to strengthen dominant positions in global fatty amides market and increase penetration in high growth markets, global players are focusing on expansion through acquisition of existing smaller players in the market
Key Questions Answered in the Report
In this report, Persistence Market Research (PMR) delivers an analysis of the global Fatty Amides market from 2014-2018 and forecast for 2019-2029. The main objective of the report is to recognize opportunities in the market and offer key insights pertaining to various segments of the global fatty amides market. This report offers a comprehensive analysis of the fatty amides market in terms of market volume (tons), value (US$ Mn), and growth on the basis of segmentation, which includes product type, form and region.
The report initiates with a summary of the global fatty amides market, considering market performance in terms of value and volume, followed by PMR’s analysis of crucial drivers, trends and restraints observed in the global market. Key trends specific to different regions are also included in the report to provide the client with decision-making and crystal-clear insights. The fatty amides report considers 2018 as the base year, with the valuation of market values for 2019 and a forecast made for the period of 2019 to 2029. The Compound Average Growth Rate (CAGR) has been represented from 2019 to 2029.
To evaluate the market size, the report considers various aspects based on secondary and primary research. Moreover, key data points such as regional split and market split, by product type, form and region and qualitative inputs from secondary research and primary respondents have been included to provide appropriate market estimates. The forecast represented in the report assesses the total value generated by the global fatty amides market.
In the first section, the report begins with sizing up the current market, which forms the base for forecasting how the market is anticipated to take shape in the upcoming future year. Given the features of the fatty amides market, PMR triangulates the data via a different analysis based on the demand side, supply side and dynamics of the market. However, calculating the market across the segments and regions is more a reason of recognizing opportunities rather than justifying them after the forecast has been done.
It is imperious to note that in an ever-changing global economy, we not only estimate forecasts in terms of CAGR but also analyze on the basis of its key parameters, such as Year-on-Year growth, to get the crucial insight about the Fatty amide market.
Another key feature of this report is the analysis of the global market of fatty amides and the related value forecast in terms of absolute dollar opportunity. This is earlier overlooked while forecasting the market. However, incremental opportunity is difficult in assessing the level of opportunity that a provider wants to achieve for the global fatty amides market.
Fatty Amides Market: Segmentation
In the next section, the report delivers the fatty amides market structure, weighted average pricing analysis at the regional level, and forecast factors, along with profitability margins and a list of manufacturer. In the final section of the report, a competitive landscape of the global fatty amides market is included to provide a dashboard view of companies that supply and manufacture fatty amides. The report contains company profiles of some of the major players operating in the global fatty amides market.
For the analysis of utilization, basic data was collected from the annual reports, investor publication of manufacturers, and public reports published by private agencies as well as governments, World Bank’s sources, trade map sources, etc. We have estimated the market data on the basis of the production – consumption scenario, key developments and regional trends of Fatty Amides.