The global fatty amines market is estimated to grow to USD 19.90 Billion by 2024 , growing at a CAGR 8.3% from 2018 to 2024.
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The production of primary fatty amines are from natural raw materials. Fatty amines are generally prepared from fatty acids which are obtained from natural sources and seed oils.
Functional and chemical properties of fatty amines are substantivity, surface-active properties and solubility.
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In lubricant applications, fatty amines are used in the manufactures of urea greases.
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Tertiary amines holds the largest share in the fatty amines market
By product type, fatty amines market are classified as alkyl amines, tertiary amines, ethanolamines, ethylene amines, specialty amines and fatty amines. Among these, tertiary amines have the huge market share with 49% by 2017 owing to have a huge demand in the preparation of quaternary ammonium salts.
Tertiary amines is followed by fatty amines with largest share in the forecast period owing to get the awareness about recycling and reusing polluted water due to water scarcity.
Water treatment holds the largest share in the fatty amines market
By application type, fatty amines is segmented as petroleum, cleaning products, agricultural chemicals, personal care, gas treatment, water treatment, oilfield chemicals, anti-caking, asphalt additives. Among these, water treatment holds the largest share owing to have marketability in biocides, corrosion inhibitors and disinfectants industry.
Asphalt additives are expected to grow at an estimated CAGR of 6.4% owing to have huge demand in the adhesive between the asphalt and mineral aggregate (sand, gravel, stone) in road patching, surfacing.
Asia Pacific is estimated to have huge demand in the forecast period
Asia Pacific is anticipated to witness the rapid regional market growth and is expected to grow at a reckoned CAGR of 5.03% from 2017 to 2024 owing to have the rapid industrialization and high level of technology utilization. The next, North America holds the huge market because of the presence of number of detergent and surfactant manufactures.
Some of the major key vendors of fatty amines market is Evonik Industries (Germany), AkzoNobel NV (India), Huntsman International LLC (U.S), Indo Amines (India), Solvay S.A (Belgium), Volant-Chem Group, Clariant AG (Switzerland) , Taminco (U.S), Temix International SRL (Italy).
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