Applications in several end-use industries will continue to fuel the market for fatty amines globally. By 2016 end, the global fatty amines market is estimated at US$ 1,855.3 Mn. Developing countries in Asia-Pacific will remain the key markets for fatty amines, whereas applications in water treatment and agro-chemical industries will continue to generate significant demand for fatty amines.
The chemicals and materials vertical would be witnessing an eco-friendly transformation in the upcoming period. Plastic waste recycling would be one amongst these green initiatives. This would also be an era of materials informatics, i.e. machine learning would be employed to the materials’ development, which would, apart from improving on the cost of R&D, also provide better agility.
Synthetic biology would be another trend ruling the roost, as it would facilitate more flexible distribution of the chemicals and also help in exploration of novel markets, that too, at lower costs. Persistence Market Research is into tabling of these details of the chemicals and materials vertical through its team of riveting analysts and consultants.
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The advent of technology and new application development will be a vital factor favoring the market growth. Mining, paints and coatings, fabric conditioning, and detergents, are foreseen to be the major verticals recording notable consumption of fatty acids. Industries associated with the paints and coatings vertical, such as automotive and construction, are foreseen to be among the prominent consumers of fatty amines.
The volatility of the prices of raw materials and uncertainty of the fatty amines availability may, however, continue to create unfavorable conditions for the global fatty amines market growth.
By product type, the global fatty amines market will witness continued dominance by the tertiary fatty amines segment. With the largest market value share of over 47% by 2016 end, this segment may experience a slight decline in its market share post-2016. Primary fatty amines segment, with over 29% revenue share in 2016, is likely to witness a Y-o-Y of 4.9% in 2017 over 2016.
Based on application, water treatment segment is anticipated to lead the global fatty amines market. Agro-chemicals will also be another key segment, followed by asphalt-additives. Oilfield chemicals segment will also remain a notable application segment. Other application segments include anti-caking and others i.e. mining, personal care, and fabric softener.
By region, APAC is likely to remain dominant with nearly 30% market value share in 2016. In 2017, this region will witness moderate Y-o-Y growth of 4.2% over 2016. The next key market is North America that is expected to exhibit a higher Y-o-Y of 6.3% in 2017 over 2016.
- Kao Corporation
- Evonik Industries AG
- AkzoNobel N.V.
- Clariant AG
- CECA Arkema Group
- Sigma-Aldrich Corporation
- Volant-Chem Group
- Procter & Gamble Chemicals Company
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