Reports and Insights freshly added a report titled “Fatty Amines Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Fatty Amines Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The global fatty amines market in 2022 is estimated for more than US$ 3.9 Bn and expected to reach a value of US$ 5.9 Bn by 2030 with a significant CAGR of 5.3%.
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Fatty Amines Introduction
Fatty amine refers to the amine attached to a hydrocarbon chain of 8 or more carbon atoms in length. There are also classified as oleochemicals. Some applications of these compounds include fabric softener, corrosion inhibitors, and froth flotation agent. There are three forms of fatty amine available in the market, out of which tertiary fatty amine holds the maximum share of this market; accounting for its extensive applications in numerous end users Industries.
Fatty Amines Market Dynamics
Factors like increasing demand for these fatty amines for the production of best quality emulsifiers and surfactants, increasing awareness about water treatment technology and high demand from end-use industries are fueling the growth of the market. In addition, technical innovation and advanced applications in oilfield chemicals are further propelling the growth of the fatty amine market. However, this market is obstructed by the changing availability of fatty amine coupled with strict regulations imposed by regulatory bodies.
The global fatty amines market is expected to increase at a significant CAGR over the forecast period owing to the Increasing demand from the water treatment chemical industry due to water scarcity, technical Innovation and research and development activities for its novel applications and extensive use of fatty amines in paint and coating industry, home care product manufacturing industry and others.
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Fatty Amines Market Segmentation
The global fatty amines market is segmented on the basis of product type, application, and region.
On the basis of product type, the global fatty amines market can be segmented into primary amines, secondary amines, and tertiary amines. On the basis of application, the global fatty amines market can be segmented into agrochemicals, anti-caking, asphalt additives, chemical synthesis, household, oilfield chemicals, personal care, water treatment, and others.
Fatty Amines Market Key Players
Global fatty amines market is mainly dominated by AkzoNobel N.V., Ecogreen Oleochemicals GmbH, Evonik Industries, Global Amines Company Pte. Ltd., Huntsman International LLC, Kao Corporation, KLK OLEO, Shandong Dafeng Biotechnology Co., Ltd., Solvay S.A., Temix International S.R.L. and Volant-Chem Group.
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