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Fatty amines are fatty acid/olefins compounds extracted from raw materials such as petrochemicals, fats, and oils dependent on nitrogen. Fatty amines contain either a combination of carbon chains or a single chain and such amines are generally found in oleochemicals and are formed by the hydrogenation process in fatty nitriles. This cycle includes three fatty amine groups, such as principal, secondary and tertiary which come from the raw materials like fats, oils and petrochemicals. Fatty amines are used in many fields, including water treatment, agrochemicals, oilfield chemicals, asphalt additives, anti-caking, among other uses, including logging, personal care, fabric softeners, paints & coatings, and more.
Products which use fatty amines for their corrosion inhibitors, biocides and disinfectants are gaining importance in increased demand for water treatments. Growing demand from the construction industry because of its adhesion between the asphalt and mineral aggregates is expected to fuel the market of fatty amines. The building and construction activites are increasing in the developing regions and thus the demand is high from such regions.
Key Market Driver -
Rising demand water treatments products coupled with increasing demand from construction industry is driving the market
Key Market Restraint -
Volatility of raw material prices and uncertain availability of fatty amines is expected to hamper growth of the global fatty amines market
However, raw material price fluctuations and unpredictable fatty amine demand are likely to hamper the development of the global market for fatty amines. Continuous exposure to fatty amines may also have carcinogenic effects on humans, which has led to stringent regulatory controls that are also expected to hinder the development of the global demand for fatty amines over the projected period.
Based on application, the market for fatty amines is further segmented into permanent magnets, catalysts, glass polishing, phosphors, ceramics and others. Based on end use industry, the market for fatty amines is further segmented into consumer electronics, lighting, semiconductors, automotive, healthcare and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global fatty amines Market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the fatty amines Market includes Kao Corporation, Nouryon, Arkema S.A., Solvay SA, Evonik Industries AG , Huntsman Corporation ,Global Amines Company Pte. Ltd, India Glycols Limited, Indo Amines Limited ,Qida Chemical Co., Limited and others.
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The fatty amines market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region dominates the fatty amines Market in terms of both consumption and production. The fatty amines market is anticipated to witness an increasing demand from India, China, and other countries of the Asia Pacific region. Countries like China, Japan and Thailand's increasing emphasis on wastewater treatment facilities and growing demand for personal care and beauty products is expected to fuel the market for fatty amines in this area. North America holds a prominent share as this region's market has a large presence of detergent and surfactant manufacturers that contribute significantly to production. Europe is seeing strong growth due to household use and personal care goods. Latin America is seeing slow growth due to stringent government regulations, and the lack of demand as compared to other regionss.
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