Fatty amines are nitrogen-based derivatives of fatty acids/olefins, which are derived from the raw materials such as petrochemicals, fats, and oils. Fatty amines contain either a mixture of carbon chains or single chain with a number of carbons ranging from 8-22. Fatty amines find usage in many applications such as water treatment, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking and others.
Rising demand water treatments products wherein fatty amines are used for its corrosion inhibitors, biocides and disinfectants properties is gaining importance. Increasing demand from construction industry due to its adhesion between the asphalt and mineral aggregate for paving applications and its various applications in the chemicals industry such as agro-chemicals, paints and coatings, oilfield chemicals and personal care products is expected to boost growth of the global fatty amines market over the forecast period.
Volatility of raw material prices, and uncertain availability of fatty amines is expected to hamper growth of the global fatty amines market. Continuous exposure to fatty amines may also have carcinogenic effects on humans, which has led to stringent regulations by government is also likely to subdue growth of the global fatty amines market over the forecast period.
Adoption of fatty amines in laundries and laundry products owing to physicochemical properties and better washing performance can create potential opportunity for business expansion to key players in the global fatty amines market.
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The global fatty amines market report has been segmented on the basis of carbon chain length, product, application, and region. On the basis of region, the global fatty amines market is segmented in to North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
The market in Asia Pacific accounts major share in terms of revenue and is expected to remain dominant over forecast period in the global fatty amines market, owing to high demand from growing industrial sector in emerging countries. The market in North America accounts for the second highest revenue share owing to the presence of key players in the region.
Key players in the global fatty amines market include Akzo Nobel N.V., Evonik Industries AG, Kao Corporation, Clariant AG, Arkema S.A., Solvay S.A., The Procter & Gamble Company, Lonza Group Ltd, Indo Amines Limited., Volant-Chem Corp., and KLK OLEO.