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Fatty Acid Amides are chemical compounds containing long-chain fatty acid and an amide group in the structure. These compounds are predominantly used as lubricants mainly in the polymer industry. These are solid lubricants that are found to be chemically and thermally stable. The fluctuating raw material prices affect the prices of fatty acid amides to a great extent. For instance, erucic acid rapeseed (HEAR) oil is key raw material for erucamide, and it needs to be grown with a proper 2-year planning cycle. This also exposes it to vulnerable climate conditions.
Fatty Acid Amides have strong demand in the plastic industry for its use as a superior additive and processing aid. It is used as both internal & external lubricant. Internal lubricant application includes torque reduction in rubber and resin processing whereas, the external lubricating application includes promoting slip to resin surfaces and enhance the fluidity of power materials. Its use as anti-blocking is predominant in pellets, resin powder, ink and film processing.
Key Market Driver -
Usage of fatty acid amides as lubricants and anti-block agent drives the global market.
Key Market Restraint -
Strong presence of substitutes in the market restricts the market growth.
However, there are strong substitutes to fatty acid amides in the global market. Some of these substitutes include silicone-based compounds that have wide adoption in plastics, paints & coatings industry. Moreover, the accumulation of fatty acid amides in the environment is found to be lethal to aquatic life. These factors have restrained market growth.
Based on type, the market is segmented into Stearamide, Behenamide, Erucamide, Oleamide, and others. On the basis of form, the market is classified into powders, Beads and others. Based on function, the market is segmented into, Gelling Agent, Dispersant, Lubricant (internal & External), Anti-Block agent, Release agent and others. On the basis of application, the market is segmented into Injection molding, Films, Ink, rubber and others.
From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Fatty Acid Amides market is relatively consolidated with only a few players operating in the global market. Some of the key players in the global Fatty Acid Amides include- Mitsubishi Chemical Corporation, KLK OLEO, PMC Group, Inc., Croda International Plc, Kao Corporation (Kao Group), Nippon Fine Chemical, Fine Organics, Italmatch Chemicals S.p.A., PUKHRAJ ZINCOLET and others.
The global Fatty Acid Amides market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The Fatty Acid Amides market is dominated by the Asia-Pacific region in terms of both consumption and production. China, India, Japan, Malaysia, etc. are the major manufacturers of Fatty Acid Amides in the region and World as well. North America accounts for the second-largest share in the global fatty acid amides market and the market is expected to witness moderate growth over the forecast period, owing to slow growths in various end-use industries. Europe is also expected to follow a similar trend as of North America.
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The region is expected to experience slow growths over the short-term forecast, due to regulatory policy changes, and moderate growths over mid and long term forecast. The volatility in socio-political conditions in Latin America may result in slow market growth over the forecast period. However, the market is expected to witness healthy growths with improving political conditions in the region. Middle East & Africa is sa relatively small market for fatty acid amides but has huge potential for growth. Most of the demand in the region is driven by GCC countries. However, the market in the region is expected to witness moderate growths over the forecast period due to lack of technological advancement and infrastructure in the African region.
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