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The fatty amines market share is expected to increase by USD 904.1 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.6%.
This fatty amines market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fatty amines market segmentation by application (water treatment, agrochemicals, oilfield chemicals, asphalt additives, and others) and geography (APAC, North America, Europe, South America, and MEA). The fatty amines market report also offers information on several market vendors, including Akzo Nobel NV, Albemarle Corp., Arkema, BASF SE, ERCA Spa, Global Amines Co. Pte. Ltd., Kao Corp., RAG-Stiftung, Solvay SA, and Volant-Chem Corp. among others.
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The burgeoning demand for fatty amines in agrochemicals is notably driving the fatty amines market growth, although factors such as fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fatty amines industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fatty Amines Market Driver
Burgeoning demand for fatty amines in agrochemicals is one of the key factors driving the growth of the global fatty amines market. Fatty amine ethoxylates are non-ionic surfactants and are increasingly used as wetting and dispersing agents, sanitizers, stabilizers, and defoamers in several industries, such as textile, paper, chemical, paint, drilling, metal, and others. Fatty amine ethoxylates are also used as emulsifiers and in producing emulsifier blends. They play a crucial role as emulsifiers in agrochemical industries. In agricultural applications, fatty amines are used for the preparation of wettable powders and to manufacture toxicant emulsions for pest control. However, the preference for bio-based agrochemicals is growing rapidly, as both farmers and consumers become highly aware of the harm caused by toxic fertilizers and pesticides. The potential of the bio-based fertilizers market is encouraging manufacturers to continuously launch new products and expand their geographical reach to gain a competitive advantage. Such trends are expected to foster the growth of the global fatty amines market during the forecast period.
Key Fatty Amines Market Trend
The rising application of n-methyl amines will fuel the global fatty amines market growth. The global fatty amines market has observed numerous improvements in fatty amines and its derivatives in the past. One such improvement is the fatty amine’s derivative was witnessed in n-methyl amines. N-methyl amines play a crucial part in several applications, such as surfactants, pesticides, medicines, and the production of dyes. The n-methylation of primary and secondary amines produced with the help of methanol is likely to be the green path for the synthesis of n-methyl amines. It syndicates Al2O3 -mordenite catalyst with stability, good selectivity, and a long lifetime. However, the n-methylation of primary and secondary amines is a green path for N-Methyl amine synthesis. Owing to its environment-friendly nature, n-methyl amines are increasingly being used in surfactants, pesticides, medicines, and in manufacturing dyes where there is an increasing demand for environment-friendly products, owing to increasing environmental and health regulations associated with manufacturing these products.
Key Fatty Amines Market Challenge
Fluctuating raw material prices are a major challenge for the global fatty amines market growth. The rise in prices of raw materials used in the manufacture of various amines is likely to hamper the growth of the global fatty amines market during the forecast period. The high price of raw materials can be attributed to the fluctuating prices of oil and natural gas, which are used to manufacture most raw materials. Moreover, the rising cost of raw materials has also resulted in high operating costs for vendors. Thus, the market competition limits the option to raise product prices to compensate for higher production costs. National emergencies, natural disasters, supply shortages, adverse weather conditions, and the non-availability of raw materials can lead to the discontinued supply of raw materials and negatively impact the overall pricing of the product. Price fluctuations can have an extremely adverse effect on the cost of products and operations of vendors in the market. For instance, in April 2021, The Dow Chemical Company announced to increase the off-list prices of its amine grades by over $0.05/lb. in the North American market. Amine grades include diethanolamine (DEA), monoethanolamine (MEA), triethanolamine (TEA), and amine SD.
This fatty amines market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global fatty amines market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fatty amines market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the fatty amines market encompasses successful business strategies deployed by the key vendors. The fatty amines market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fatty amines market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the fatty amines market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for fatty amines market in APAC. Market growth in this region will be faster than the growth of the market in regions.
Burgeoning demand for fatty amines in agrochemicals will facilitate the fatty amines market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic in the region negatively impacted the growth of the fatty amines market. Several countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under partial or complete lockdown in 2020 to contain the spread of the disease. Owing to the safety measures and stringent regulations imposed, all manufacturing industries in the region were highly affected, as their production units were closed or halted, which declined the demand for fatty amines market in the region during the forecast period. However, with rising vaccination drives in the region, there has been a rise in production activities in 2021. Hence, this is expected to foster the growth of the fatty amines market in the region.
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The fatty amines market share growth in the Water treatment segment will be significant during the forecast period. Fatty amines are used in water treatment plants in the form of chloramines. In several instances, amines such as hydrazine are used as reducing agents in boiler water treatment applications to prevent corrosion.
This report provides an accurate prediction of the contribution of all the segments to the growth of the fatty amines market size and actionable market insights on post COVID-19 impact on each segment.
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Fatty Amines Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.6% |
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Market growth 2021-2025 |
$ 904.1 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.02 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, China, UK, Japan, and India |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Akzo Nobel NV, Albemarle Corp., Arkema, BASF SE, ERCA Spa, Global Amines Co. Pte. Ltd., Kao Corp., RAG-Stiftung, Solvay SA, and Volant-Chem Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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