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Fatty Amines Market

Global Market Study on Fatty Amines: Demand for Tertiary Fatty Amines Surging across Regions

Fatty Amines Market by Product Type - Primary Amines | Secondary Amines | Tertiary Amines

Market Snapshot

According to Persistence Market Research's most recent market report, the global market for fatty amines will reach US$ 2,323.3 Mn in 2023. The market for fatty Amines is expected to reach US$ 3,277.2 million in value by 2033 with a steady growth rate of 3.5%.

Fatty Amines Sales (2022A)

US$ 2,231.1 Mn

Fatty Amines Demand (2023E)

US$ 2,323.3 Mn

Fatty Amines Market Projections (2033F)

US$ 3,277.2 Mn

Value CAGR (2023-2033)

3.5%

Collective Value Share: Top 3 Countries (2023E)

24.8%

Fatty Amines are thought to make up between 12%-16% of the world market for oleochemicals. Oleochemicals are essential biochemical components of marine, animal, and plant oils and include derivatives like fatty amines. As a result, the global market's need for fatty amines is likewise rising daily.

Fatty amines are classified as nitrogen-based derivatives of fatty acids/olefins generated from raw sources such as fats, petrochemicals, and oils. Fatty amines, which are frequently found in oleochemicals and are produced via the hydrogenation of fatty nitriles, can have a single carbon chain or a variety of carbon chains. The number of carbons in a single chain or a group of chains containing fatty amines can range from 8 to 22. This cycle has three fatty amine groups that come from raw materials like fats, oils, and petrochemicals: primary, secondary, and tertiary.

Fatty amines are utilized in a variety of industries, including logging, fabric softeners, personal care, paints & coatings, agrochemicals, asphalt additives, oilfield chemicals, and anticaking. With the rise in demand for water treatments, products that use fatty amines as corrosion inhibitors, biocides, and disinfectants are becoming more and more important. The demand for fatty amines is anticipated to increase due to the construction industry's increased reliance on them due to their ability to adhere mineral aggregates to asphalt. As building and construction operations increase in developing regions, these regions have a strong demand for goods and services.

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Historical (2016-22) v/s Forecast (2023-33) Market Outlook for Fatty Amines Market

According to the historical analysis, the market for fatty amines expanded at a compound annual growth rate (CAGR) of 3.2% from 2017 to 2022. The COVID-19 pandemic caused a minor drop in production and supply chain operations, However, after the pandemic was under control and the economy started to rebound, consumption started to pick up quickly. The COVID-19 outbreak has had a severe influence on the world economy on many different levels. A wide range of end users were affected especially across North America and Europe region.

The market for fatty amines is anticipated to grow more quickly than in the past. The market is predicted to expand at a CAGR of 3.5% over the forecast timeframe. The increasing use and demand for fatty amines in the agrochemical industries are the primary drivers of the global expansion of the fatty amino acid market. Agrochemicals are growing in demand for intensive crop care on a global basis. To feed the world's growing population, agricultural output is also increasing, which is expected to boost the market for fatty amines even more throughout the course of the predicted time frame.

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Market Dynamics

Significant Market Traction from Water Treatment Chemicals to Augment the Market Growth for Fatty Amines

Fatty amines are used in a variety of industrial products and solutions that are used to treat water in both the public and private sectors as biocides, disinfectants, and corrosion inhibitors. Due to the increased demand for water treatment chemicals, there is an increase in the use of hazardous chemicals across a variety of end-use industries, which is contributing to water pollution as it has in recent years.

The effects of diverse enterprises on water use, when viewed from a macro viewpoint, have bluntly highlighted a growing worry that water discharged from industrial activities directly affects natural water supplies. More people are aware of the harmful impacts of many toxins, such as heavy metals and persistent organic waste. As a result, there is currently a strong emphasis on minimizing the damage that discharged water does to the environment and humans.

Amines are powerful bacteria-killing biocides. As a result, it is projected that there would be a higher demand for amines globally as more people become aware of the advantages of utilizing treated water.

Thriving demand from the Agriculture industry creates ample space for Fatty Amines.

The agricultural ecosystem is managed by agrochemicals. Agrochemicals are mostly used in agriculture to increase plant growth and yield and protect them from pests. Fatty amines offer water-repellent properties, which are needed in many industries, including food and beverage and fertilizers. They are employed as anti-caking agents in fertilizers. Due to rising food costs, pest infestations, and unhealthy soil, agrochemicals have recently gained substantial traction, which is helping to drive up demand for fatty amines.

On the Other Hand, Producers like Evonik Industries also established a technical alliance with Ag-tech, a hub for agricultural innovation and reasonably priced agrochemicals. Therefore, it is projected that the use of innovation and technology in the agrochemicals industry will affect the sales of fatty amines and subsequently speed up market growth.

Volatility Of Raw Materials Prices Constraint the market growth for Fatty Amines.

Fatty amines and their derivatives can be made from a variety of raw materials. To produce fatty amines for a range of applications, ammonia and ethylene oxide are frequently used as raw materials on the global market, along with renewable sources including vegetable oil, palm oil, and animal fats.

Ammonia costs have been rising quickly on the market for chemical commodities. As a result, the price of amines has also gone up. Ammonia is an essential component of amines, but its price has been unstable since 2008. This has significantly impacted the overall production costs of fatty amines and their derivatives. A significant portion of the ammonia produced globally is consumed by the market for fatty amines.

A crucial raw ingredient in the synthesis of tertiary amines is ethylene oxide. Over the past few years, there has been a surge in demand for ethylene oxide because of ongoing industrialization and technological advancements. In addition, price volatility has coincided with the high demand for ethylene oxide.

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Country-wise Insights

What is the market scenario of Fatty Amines in the Chinese market?

China is estimated to hold a prominent shareholder country in the global Fatty Amines market in terms of value and volume owing to the growing demand from end-use industries such as Automotive & Aerospace, Industrial Processing & appliances, Healthcare, Electrical & Electronics, Construction, and others.

The market for fatty Amines in China is expected to rise with a steady growth rate of 4.0%. During the Anticipated timeframe owing to the Increasing infrastructure activities along with commercial and industrial development in the country are expected to boost the Fatty Amines market shortly. Also, increasing investment in industrial activities from the other regional key players in China is anticipated to boost the Fatty Amines market in the coming future.

What Is the Growth Outlook of the Fatty Amines Market in India?

India is experiencing profitable expansion in the global fatty amines market as a result of increased investment in improving fatty amino acid production capacities. Pests, weeds, and plant diseases cause India to lose 1.48 lakh crores in agricultural productivity annually, according to the Ministry of Agriculture. As a result, agrochemicals are needed to address these issues. Because of this, fertilizers and pesticides are essential inputs for crop protection and higher yield, and it is anticipated that these factors will significantly support the growth of fatty amine sales in the upcoming years.

India's capacity for low-cost manufacturing, the availability of a technically skilled labor force, Superior global price realization, and strong presence in the production of renewable products and Superior global price realization, are all factors that can create an environment favorable for the production of fatty amines, and these prospects can be seen as lucrative growth opportunities by international manufacturers. The domestic production of anti-caking agents, anti-caking-coated insecticides, and fertilizers is expected to increase, which will increase the demand for fatty amines in India.

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Category-wise Insights

What is the demand outlook of the Primary Fatty Amines segment in the Fatty Amines market?

Based on Product type, the market is segmented into Primary, Secondary, and Tertiary Fatty Amines. The market for fatty amines is expected to be dominated by the Primary Fatty Amines category. The sector is expected to continue to dominate during the projected period with a value share of 31.0% in the global market.

The Segment is expected to have favorable growth prospects in the upcoming years because it is used in the synthesis of the other two fatty amines. Primary amines are used as a starting point in the production of secondary and tertiary fatty amines. In the fatty amine sector, primary fatty amines are also used as flotation agents, anti-caking agents, and corrosion inhibitors; all of these applications will support the market's predicted rapid expansion.

They are also utilized as cationic surfactants, releasing agents, anti-static agents, asphalt emulsifiers, and corrosion inhibitors. Tallow amine is one of the primary amines that are significant in the personal care and water treatment industries.

How does the water Treatment segment fairing in the Fatty Amines market?

The Water Treatment industry is estimated to utilize 24.2% of the Fatty Amines produced globally. The majority of products and solutions used in the public and private sectors use fatty amines as biocides, disinfectants, and corrosion inhibitors for treating water. Hazardous chemicals are being used more often across a range of end-use industries as a result of the rising demand for water treatment chemicals, which is continuing a recent trend of increased water pollution.

Amines are powerful bacteria-killing biocides. As a result, it is anticipated that there will be a rise in the demand for amines on a global scale as more people become aware of the advantages of utilizing treated water.

Competitive Landscape

Market Players are spending money all over the world to enhance their Fatty Amine production capacity to meet the growing demands of end consumers. The numerous technological developments and the major competitors' increasing efforts to expand through mergers, strategic alliances, and agreements have produced a wide spectrum of market opportunities. Players are working extremely hard to create and implement cutting-edge technological advancements to stay one step ahead of the competition. All of these developments imply that the fatty amine market has enormous potential for global growth in the years to come.

For instance,

In May 2022, Kao Corporation declared that it would build a new tertiary amine facility in Texas. The 20,000 tons of annual production capacity of this new factory, is expected to begin operations by 2025.

In September 2018, Indo Amines Ltd. announced the merging the Mains Organics and Core Chemicals Subsidiaries. The arrangement significantly raises Indo Amines' overall profit margin and sales production. The improved capabilities of the joint company will also improve its product line.

Scope of Report

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2016-2022

Market Analysis

  • USD Million for Value
  • Tons for Volume

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Product type
  • Product Type
  • End-use Industry
  • Region

Key Companies Profiled

  • Akzo Nobel N.V.
  • Evonik Industries AG
  • Kao Corporation
  • Clariant AG.
  • Arkema S.A
  • Solvay S.A
  • E.I. du Pont de Nemours & Co
  • Albemarle Corporation
  • Procter & Gamble Company
  • Lonza Group Ltd
  • Eastman Chemicals
  • E.I. du Pont de Nemours & Co
  • Albemarle Corporation
  • Procter & Gamble
  • Indo Amines Ltd
  • Sterling Auxiliaries Pvt. Ltd.
  • Nouryon
  • Wuxi Zhufeng Fine Chemical Co., Ltd.
  • NOF CORPORATION

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available Upon Request

Fatty Amines Market Segmentation

By Product type, the Fatty Amines market is segmented as:

  • Primary Amines
  • Secondary Amines
  • Tertiary Amines

By Application, the Fatty Amines market is segmented as:

  • Agro Chemicals
  • Water Treatment
  • Personal Care
  • Construction
  • Oil Field Chemicals
  • Textile Industry
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

- Companies Covered in This Report -

  • Cargill Incorporated
  • DuPont
  • Ingrideon Incorporated
  • Merck KGaA
  • Mitsubishi Shoji Foodtech
  • Novagreen Inc.
  • Roquette Freres
  • Shandong Futaste Co.
  • Thomson Biotech (Xiamen) Co., Ltd.
  • ZuChem
  • Zhejiang Huakang Pharmaceutical Co.
  • CSPC Shengxue Glucose Co., Ltd.
  • DFI Corp.
  • JiningHengda Green Engineering Co., Ltd.

- Frequently Asked Questions -

The global market of Fatty Amines is estimated to reach a valuation of US$ 2,323.3 Mn in 2023.

The Fatty Amines demand is anticipated to witness a growth rate of 3.5% over the forecast period of 2023 and 2033 in terms of value.

According to PMR analysis, Akzo Nobel N.V., Evonik Industries AG, Kao Corporation, Clariant AG., Arkema S.A, Solvay S.A, E.I. du Pont de Nemours & Co, Albemarle Corporation, Procter & Gamble Company, Lonza Group Ltd, Eastman Chemicals, E.I. du Pont de Nemours & Co, Albemarle Corporation, Procter & Gamble, Indo Amines Ltd Sterling Auxiliaries Pvt. Ltd., Nouryon, Wuxi Zhufeng Fine Chemical Co., Ltd., NOF CORPORATION others are identified as the key manufacturers in the Fatty Amines market.

The top countries driving the global Fatty Amines demand are the U.S., Germany,  and Japan.

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