The global fatty amines market is anticipated to reach USD
2.9 billion by 2025, according to a new report by Grand View Research, Inc.
Increasing demand for high-quality surfactants and emulsifiers due to increased
usage of personal and household care products in emerging economies such as
Asia Pacific is excepted to steer the market growth in the near future.
Fatty amines market growth is
mainly depended on the end-use industries. The U.S. fatty amines market in
water treatment chemicals application was valued over USD 52 million in 2016.
Growing awareness regarding recycling and reusing polluted water due to water
scarcity is anticipated to steer product demand in the region.
Multinational companies such as
Kao Corporation, Ecogreen Oleochemicals, Huntsman International, and Dow
Chemical Company are integrated across the value chain, from raw material
processing and fatty amine production to distribution of end products. These companies
have the advantage of captive consumption of raw materials to produce fatty
amide and further obtain primary, secondary, and tertiary derivatives. These
companies are also involved in the production of other products for industrial
applications.
U.S. fatty amines market revenue by carbon-chain length,
2016 (USD Million)
Browse full research report on
Fatty
Amines Market Analysis:
Further key findings from the report suggest:
- Tertiary
amines dominated the product segment and are anticipated to grow at an
estimated CAGR of 4.6% from 2017 to 2025.
- Asphalt
additives are projected to grow at an estimated CAGR of 6.3% over the next
eight years, due to its potential to promote adhesion between the asphalt
and mineral aggregate in mixtures for road paving, surfacing, and
patching.
- Fatty amines
derivatives demand in chemical synthesis segment is anticipated to grow at
a CAGR of over 6.0% from 2017 to 2025
- Water
treatments products consumed over 22% of global market volume share in
2016. This application accounted for the maximum share in the overall
market owing to popularity in corrosion inhibitors, biocides and
disinfectants industries.
- Asia Pacific
is expected to witness the fastest regional market growth and is expected
to grow at an estimated CAGR of 5.1% from 2017 to 2025. Increasing
production capacities by key regional players such as China, Japan, and
India to support the escalating customer demand is projected to spur the
market growth during the forecast period.
- The global
fatty amines market is consolidated with major companies accounting for
highest share in 2016. Key global players include Kao Corporation, Dow
Chemical Company, Ecogreen Oleochemicals GmbH, Huntsman International LLC,
Akzo Nobel NV, Solvay SA, Indo Amines Ltd, Evonik Industries, KLK Oleo,
and Volant-Chem Group.
No comments:
Post a Comment