The Fatty Amides Market research report provides an overview of the current market Trend, incremental revenue, and future outlook of the Fatty Amides market.
The fatty amides market size will grow from USD 320.7 million in 2017 to USD 391.5 million by 2022, at a CAGR of 4.07%. The increasing need for organic additives and the growing packaging industry drive the fatty amides market.
Rising awareness about the use of environment-friendly products and the impact of hazardous effects of plastics and petroleum-based products on the environment are the key factors fueling the growth of the fatty amides market. The opportunities for the market include the increasing penetration in key end-use industries and preference of bio-based raw materials over petrochemicals, which will drive the demand for polymer additives.
In contrast, factors such as price volatility of raw materials are hampering the growth of the fatty amides market.
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“Erucamide held the largest market share of fatty amides market in 2016.”
The erucamide segment, by fatty amide type, accounted for the largest market share in 2016 and is projected to dominate through 2022. Erucamide is used primarily as a slip agent, anti-fogging, and lubricant for plastic films (polyolefin) which are used in food packing.
The growing film processing industry—owing to the increasing disposable income and rising demand for packed food—drive the demand for erucamide.
“The Asia Pacific fatty amides market is projected to be the fastest-growing during the forecast period.”
Asia Pacific is projected to be the fastest-growing region in the fatty amides market, in terms of value and volume, followed by North America, Europe, and the Middle East & Africa. Over the years, the Asia Pacific region has become a hub for foreign investments and ease of doing business.
In addition to this booming manufacturing and automotive sector, largely due to the low-cost labor and cost-effective availability of land, the increase in demand for fatty amides can largely be attributed to the rising population of the region with high disposable incomes and rising demand for packed food. The increasing demand for organic additives also drives the fatty amides market in the region.
Breakdown of Primaries
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the fatty amides market. Estimates reached after analyzing secondary sources were validated through these interviews.
Primary sources included professionals such as manufacturers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
By Company Type: Tier 1 –35%, Tier2 –30%, and Tier 3 –35%
By Designation: Manager Level – 61%, Directors – 39%
By Region: North America –15%,Europe – 21%, Asia Pacific – 51%,and South America–5%, Middle East & Africa – 8%
Fatty Amides Market by Type (Erucamide, Behenamide, Oleamide, Others), Product Form (Bead and Powder), Function (Anti-block, Slip Agent, Release Agents), End-use industry (Film processing, Rubber, Ink, Others), and Region - Global Forecast to 2022 www.reportsnreports.com/contacts/.aspx?name=1371632
The key players profiled in the report are as follows:
- Croda International (UK)
- Kuala Lumpur Kepong Berhad (Malaysia)
- Italmatch Chemicals (Italy)
- PMC Biogenix, (US)
- Kao Corporation (Japan)
- Fine Organics (India)
- Nippon Fine Chemical (Japan)
- Haihang Industry (China)
- Mitsubishi Chemical (Japan)
- BASF (Germany)
- Fatty amide material producers
- Raw material producers and suppliers
- Fatty amide distributors and traders
- End-use sectors
- Governments and R&D institutions
- Associations and industry bodies