The global fatty amines market, estimated to cross the revenue mark of US$ 2 Bn by 2020, is projected to grow at a steady pace by the end of 2026. High demand for its cationic nature across numerous end-use industries is expected to drive the market growth. Escalating demand for asphalt-additives and agrochemicals are projected to generate major revenue in the market in the years ahead. Restricted manufacturing and production activities during the COVID-19 pandemic are challenging market expansion. The stooping demand is affecting the revenue generated in the market. With relaxations in lockdown the market is expected to resume its normal course.
The Asia Pacific is expected to lead the market with high growth maneuvered by technological innovations in household and personal care sectors. North America is estimated to surface as a prominent market by the end of the forecast period owing to a high concentration of surfactants and detergents.
Major market players are introducing innovative products to stay ahead in the market competition. Acquisitions and mergers are practiced by the market participants to enhance their capacity. Established players profiled in the global market include Evonik Industries AG, DuPont, Sigma-Aldrich Corporation, and Procter & Gamble Chemicals Company.
The nitrogen-based derivatives of fatty acids or olefins, simply known as fatty amines, are often derived from oils, petrochemicals, fats, and similar raw materials. Applications of fatty amines in various end-use industries solely depend on their cationic nature. Fabric softening, corrosion inhibition, organoclay, lubricant additives, and sanitization are a few of the most prominent applications, which demand fatty amines. Other popular applications include water treatment, anti-caking, mining, paints and coatings, personal care, oilfield chemicals, and agro-chemicals.
By the end of 2016, the industrial consumption of fatty amines on a global level is projected to reach 641 Kilo Tonnes. In terms of revenues, the global fatty amines market is expected to expand at a moderate CAGR of 4.1% over a four-year forecast period 2016-2020, reaching a value beyond US$ 2 Bn in 2020.
The global market for fatty amines is expected to be primarily driven by the burgeoning demand for agro-chemicals and asphalt-additives. In addition, the rapidly thriving water treatment chemicals industry is also fueling the demand for fatty amines since the recent past. These two will remain the key factors sustaining the market for fatty amines on a global level, during 2016-2020. The industry has been witnessing widening application base since the past few years, which will continue to push the global fatty amines market growth further over the forecast period. Technological innovation and development of novel applications will be another important factor raising significant demand from the verticals, such as mining, fabric conditioning, paints and coatings, and detergents, over the next few years. Rising global population, followed by the growing demand for agricultural products, will foster the demand for agro-chemicals based on fatty amines. Developing economies are expected to be the key markets for fatty amines over the forecast period. Significant consumption of fatty amines in the paints and coatings industry will continue to register steady demand by 2020. Other industries wherein paints and industrial coatings are widely used, such as construction and automotive, will also raise notable demand for fatty amines.
However, uncertain raw material pricing and fluctuating availability of fatty amines will continue to pose a negative impact on the global fatty amines market over 2016-2020.
The global fatty amines market is segmented on the basis of product type and application. By product type, there are three key segments viz. primary fatty amines, secondary fatty amines, and tertiary fatty amines. Among the three segments, tertiary fatty amines will continue to represent the largest market segment with over 46% revenue share in 2020; however, the growth estimated throughout the forecast period is sluggish at a CAGR of 3.6%. By 2020 end, this segment is likely to account for over US$ 1.0 Bn in terms of revenues. Primary fatty amines segment will witness a higher CAGR of 4.9%. With steady growth over 2016-2020, this segment is expected to capture over 30% market share in 2020.
By application, the global fatty amines market is segmented into water treatment, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking, and others. Water treatment and agro-chemicals segments will continue to be the major segments over the forecast period, followed by asphalt additives and oilfield chemicals segments. Fabric softener, personal care, and mining are likely to create lucrative opportunities within the ‘others’ segment.
On the basis of geography, the global fatty amines market is predicted to remain dominant in Asia Pacific. With around 30% share of the entire market revenues in 2020, the fatty amines market in APAC is expected to expand at a CAGR of 3.6% over 2016-2020. North America, another major market, is foreseen to witness a slightly higher CAGR of 4.0% during the forecast period. With a consistently growing Y-o-Y % each year over 2016-2020, the market in North America will account for over 19% share of the global market revenues in 2020.
Key Market Players Analysis
Some of the key players participating in the global fatty amines market’s competitive landscape, are Kao Corporation, DuPont, Procter & Gamble Chemicals Company, AkzoNobel N.V., Clariant AG, Evonik Industries AG, Sigma-Aldrich Corporation, Lonza, Volant-Chem Group, and CECA Arkema Group.
This report by Persistence Market Research on the global fatty amines market for the period 2016–2020 presents an outlook of the market across the globe. The primary objective of the report is to offer updates on market opportunities in the global fatty amines market. The report is categorically divided into three sections viz. by product type, by application, and by region, to understand and offer insights on the global fatty amines market. The report provides analysis of the global fatty amines market in terms of market value (US$ Mn) and shipment (Units).
The report starts with an overview of the global fatty amines market. This section includes PMR’s analyses of key trends, drivers, and restraints from the supply, demand, and macroeconomic perspectives. Impact analysis of key growth drivers based on the weighted average model are included in the report to better equip and arm clients with crystal-clear and decision-making insights. The section that follows analyses the market on the basis of product type and presents the forecast in terms of shipment and value for the next four years. On the basis of product type, the global fatty amines market has been segmented into:
Next section included in the report is on the basis of application that analyzes the market and presents the forecast in terms of shipment and value for the next nine years. On the basis of application, the global fatty amines market has been segmented into:
Another section included in the report is on the basis of end-use that analyzes the market and presents the forecast in terms of volume and value for the next four years.
The following section of the report includes analysis of the global fatty amines market on the basis of region.
In the final section of the report, the HCS market competitive landscape is included to provide report audiences with a dashboard view of the market players and company analysis, based on categories of providers across the value chain, their presence in the fatty amines product portfolio and key differentiators. Some of the major market players featured in this section, include:
To deduce market size, the report considered the average adoption rate of fatty amines technology across geographies. Furthermore, data points such as regional split and market split by product type and by application, and qualitative inputs from primary respondents have been incorporated to arrive at suitable market estimates. The forecast presented in the report evaluates the total revenue that is expected to be generated across the fatty amines market over forecast period (2015–2020). When developing the market forecast, the starting point involved sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. Given the characteristics of the market, PMR triangulated the data on the basis of various analysis based on both supply side and demand side. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them at the end of the forecast period.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities in the smartphone market. All these sub-segments or categories have been analyzed in terms of Basis Points (BPS) to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for identification of many key trends in the fatty amines market.
Another key feature of this report is the analysis of the fatty amines market by region, product type, application, and its revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global fatty amines market. In order to understand key growth segments in terms of growth and performance of the fatty amines market, Persistence Market Research developed a market attractiveness index. The resulting index should help providers identify real market opportunities.