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Global Fatty Amines Market: Snapshot

The global market for fatty amines, the nitrogen-based derivatives of olefins or fatty acids is treading along a steady growth path and is expected to witness an upward growth trajectory over the next few years as well. Vast set of applications across a number of industries, including an important role in the production of a variety of cosmetic formulations are expected to help the market gain significant traction in the near future.

Demand from the thriving cosmetic industry will play a key role in the overall development of the global fatty amines market as will the constant focus of companies in the market on finding new applications for their products. The rising demand for increasing the yield of agricultural products to sustain the needs of the mounting global population is also serving well towards the development of the global fatty amines market as fatty amines are used as ingredients in the production of a number of agro-chemicals.

Owing to the vast growth opportunities, the market has witnessed a vast rise in the number of companies serving domestic, regional, and international consumers. The rising number of companies in the market has significantly increased the level of competitiveness and will lead to more focus on R&D activities, the development of improved product varieties, and cost-based competition. This report on the global fatty amines market presents a thorough overview of the present scope of growth and future prospects of the market and its segments.

Fatty amines can be defined as the nitrogen based derivatives of fatty acids or olefins and are derived from the raw materials such as fats, oils, petrochemicals, and other similar raw materials. They consist of either a mix of carbon chains or single chain with the carbon number ranging from 8 to 22. Commercially important members of fatty amines include oleylamine, soya amine, tallow amine, and coco amine. The various application of fatty amine in numerous end user industries are solely dependent on its cationic nature. Fatty amines have found their applications in various end user industries including corrosion inhibition, organology, sanitization, fabric softening, and lubricant additives.  Anti-caking, mining, water treatment, personal care, oilfield chemicals, paints and coatings, and agro-chemicals are a few of the most prominent applications, which demand fatty amines. They are the basis for variety of cosmetic formulations, also they are used as fabric softeners and froth floatation agents. The market for fatty amines can be segmented on the basis of type into primary fatty amines, secondary fatty amines, and tertiary fatty amines. Based on application, the market for fatty amines has been segregated into agro chemicals, asphalt additives, oilfield chemicals, water treatment, anti-caking, and others.

The market for fatty amines is anticipated to witness significant growth owing to the growth of various end user industries. Development of novel applications and technological innovation is an important factor raising significant demand from the verticals, such as fabric conditioning, mining, detergents, and paint & coatings, during the forecast period. Increasing population coupled with increasing demand for agriculture products are factors that will foster the demand for afro chemicals based on fatty amines over the years. Emerging economies such as China, India, and Brazil are anticipated to be the key market for fatty amines. In terms of type, tertiary fatty amines segment held significant share of the market in 2016, this trend is likely to continue during the forecast period. Whereas in terms of revenue primary fatty amines will register strong growth owing to their increasing usage in paints & coatings industry. In terms of application, agro chemicals and water treatment continue to be major segments of fatty amines market in 2016. Fatty amines find major applications as ingredients in the agro-chemicals along with other amines. Hence, as the demand for agri-products and agro-chemicals will continue to increase, it will continue to drive the demand for fatty amines across the globe. Asphalt additive segment is foreseen to witness strong growth during the forecast period as they are widely used in paints & coatings industry. Thus growth of paints & coatings industry will boost the growth for fatty amines market over the years.

Geographically, Asia Pacific held significant share of the market in 2016 and is anticipated to witness strong growth during the forecast period. Presence of robust automotive manufacturing industry is the prime factor driving the growth of fatty amines market. Moreover agricultural dependence of this region will boost the demand for agricultural products that will inadvertently propel the demand for fatty amine based agricultural products in this region. Easy availability of raw materials coupled with presence of cheap labor is tending the market leaders to shift their manufacturing facilities in emerging economies of Asia Pacific such as India and China. Asia Pacific was followed by North America in terms of value in 2016. Increment in oil & gas exploration and production activity is the factor boosting the demand for fatty amines in the region of North America.

Key players operating in the market for fatty amines include Kao Corporation, AkzoNobel N.V., Clariant AG, Evonik Industries AG, Lonza, Volant-Chem Group, and Arkema Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Fatty Amines Market