The global fatty amines market size is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 5.0% during the forecast period. Rising consumption of personal care and household products and agricultural commodities is anticipated to propel the product demand. Increasing disposable income, product innovation, and high market penetration are some of the factor anticipated to contribute to the rising demand for fatty amines.
The market growth is majorly influenced by the end-use industries. The U.S. fatty amines market in water treatment chemicals application is expected to hold the largest market share due to the rising awareness regarding recycling and reusing polluted water because of water scarcity in the region.
In 2016, Evonik acquired the units of Air Products Performance Materials business to reinforce its position for lucrative growth in the specialty additives market. This strategic acquisition has helped the company to uphold its foremost position in the high-margin market for specialty additives globally.
Most of the fatty amines these days are also derived from castor oil as the demand for biodegradable and sustainable products. Rising efforts to decrease dependence on petrochemicals is likely to remain a significant dynamic for the global castor oil and derivatives industry.
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Water treatments products consumed the largest market share in terms of volume in 2018, owing to the acceptance in corrosion inhibitors, biocides, and disinfectants industries
Monitoring support is anticipated to have a positive influence on growth of the fatty amines market due to the regulation that controls environmental hazards related to petrochemicals and conservative sources acting in the approval of castor oil and derivatives market
The key regional players such as China, Japan, and India have surged their production capacities to support the accelerating customer demand, driving the market growth
Palm is the most widely chosen vegetable oil across the globe due to the high content of oil and the low prices among other oils including coconut and rapeseed
Volatile prices of raw materials have a direct effect on the production of various oleochemicals, particularly fatty amines, wherein the global oleochemicals industry is oversupplied and hence manufacturers get very fewer returns on it
Grand View Research has segmented the global fatty amines market on the basis of product, application, and region:
Fatty Amines Product Outlook (Revenue, USD Billion, 2014 - 2025)
Primary
Secondary
Tertiary
Fatty Amines Application Outlook (Revenue, USD Billion, 2014 - 2025)
Agrochemicals
Oilfield Chemicals
Asphalt Additives
Anti-caking
Water Treatment
Chemical Synthesis
Personal Care
Household
Others
Fatty Amines Regional Outlook (Revenue, USD Billion, 2014 - 2025)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Russia
Turkey
Denmark
Asia Pacific
China
India
Japan
South Korea
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
South Africa
GCC Countries
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