Fatty Amines Market Emerging Trends and Innovation Outlook 2032

According to Fortune Business Insights, The global fatty amines market size was valued at USD 2.68 billion in 2023. The market is projected to grow from USD 2.77 billion in 2024 to USD 3.82 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period. Asia Pacific dominated the fatty amines market with a market share of 42.16% in 2023.

Fatty amines are a diverse class of oleochemicals derived from natural oils and fats. These compounds possess excellent surfactant properties, enabling their utilization across various industries. The fatty amine family encompasses primary, secondary, and tertiary amines, with commercially significant examples including tallow amine, oleylamine, and coco amine. The growing need for clean water in industrial applications and the effects of climate change, which has resulted in global water scarcity, are driving the demand for fatty amines.

Fortune Business Insights™ displays this information in a report titled, "Fatty Amines Market, 2024-2032".

Request a FREE Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/fatty-amines-market-102901

LIST OF KEY COMPANIES PROFILED IN THE REPORT:

• Clariant (Switzerland)

• AkzoNobel (Netherlands)

• Global Amines (Singapore)

• Kao Chemicals Global (Japan)

• Evonik Industries Ag (Germany)

• Arkema (France)

• Nouryon (Netherlands)

• Vantage Leuna GmbH (U.S.)

• Indo Amines Limited (India)

• Huntsman International LLC. (U.S.)

• Ecogreen Oleochemicals (Singapore)

Segmentation:

Tertiary Amines to be Extensively Adopted Owing to Widespread Demand in Several Sectors

Based on type, the market is segmented into primary, secondary, and tertiary. The tertiary segment dominated the market in 2023 and is expected to dominate the market. The segment’s growth can be attributed to the widespread demand for tertiary amines across various industries for diverse applications, including fuel additives, ore floatation, corrosion inhibitors, and chemical intermediates.

Agrochemicals Segment Holds Leading Position Owing to Rising Need for Plant Protection

Based on application, the market is segmented into agrochemicals, oilfield chemicals, chemical processing, water treatment, asphalt additives, personal care, and others. The agrochemicals segment dominated the global market in 2023 as the shift in global climate patterns rendered various crops vulnerable to insects and fungi infestations, subsequently impacting crop yields.

The market is studied regionally across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading companies, sources, and prominent product applications. It has also focused on the latest market trends and highlights vital industry developments and market outlook.  Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Rising Demand from Water Treatment Industry to Aid Market Growth

Fatty amines are a class of compounds derived from raw materials, such as fats, petrochemicals, and oils that contain nitrogen. These compounds can have either a single carbon chain or a combination of carbon chains. Commercially available fatty amines are typically manufactured through the distillation of fatty acids or the reaction of fatty alcohols with ammonia. These compounds have widespread applications in water treatment processes to cater to the rising scarcity of water across the world.

However, the fatty amines market growth may face challenges due to uncertain commodity prices and strict government regulations regarding the hazardous effects of these compounds.

Regional Insights:

Asia Pacific Dominated Market Due to Rapid Growth of Agriculture Industry

Asia Pacific was valued at USD 1.13 billion in 2023, representing the largest global fatty amines market share. The region’s dominance can be attributed to the rapid growth of the agriculture industry and increasing consumer spending in the region.

North America and Europe are experiencing significant growth and expected to continue their trend in the future driven by the presence of oilfield chemicals and chemical processing industries in these regions.

Competitive Landscape:

Companies to Focus on Acquisition Deals with Small Regional Players to Increase Their Global Presence

The leading companies operating in this market include Clariant, Global Amines, AkzoNobel, Kao Chemicals Global, Nouryon, Evonik Industries Ag, Arkema, and others. They are also increasing their focus on undertaking various strategic initiatives, such as entering acquisition deals with small regional players and making use of local networks to increase their global presence.

Get a Full Information of Report: https://www.fortunebusinessinsights.com/fatty-amines-market-102901

Notable Industry Development:

• June 2023: Global Amines Company Pte. Ltd. acquired Clariant’s Quats business, which includes certain assets in Indonesia, Germany, and Brazil. Quats are a group of chemicals used for a range of applications, such as surfactants, preservatives, and antistatic agents. Qauts are utilized in industrial, commercial, and consumer products.

• October 2019: Nouryon launched a demonstration plant in Sweden to display a more sustainable and revolutionary technology platform for manufacturing ethylene amines and their derivatives. The technology is a form of ethylene oxide (EO) that supports the selective production of various end products, empowering Nouryon to enlarge its ethylene amine product offering.