The growing demand from the construction industry is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Fatty Amines Market Size, Share & Industry Analysis by Type (Primary, Secondary, Tertiary), By End Use Industries (Agrochemicals, Oilfield Chemicals, Chemical Processing, Water Treatment, Asphalt Additives, Personal Care, Others) and Regional Forecast, 2024-2032.” The rising need for water treatment in developing nations is expected to stimulate the growth of the market.
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The report on the fatty amines market includes:
- Superior insights into the market
- Painstaking analysis of the market
- Key Development and drivers
- Prominent information about key players
- Dominating regions in the market
Market Driver:
Prospering Building and Construction Industry to Boost Growth
The increasing infrastructure development in the developing nations is expected to spur demand for fatty amines, thus exhibiting a high rate for the market. The increasing acquisitions and partnerships between major players can augment the healthy growth of the market. For instance, in 2016, Evonik announced that it has acquired Air Quality Performance Materials business unit to cater to the demand for specialty additives. The strategic investment will help the company to retain its position in the high-margin specialty additives industry. Furthermore, the growing demand for corrosion inhibitors, biocides, and disinfectants is expected to spur opportunities for the market. Likewise, the significant production of agrochemicals, oilfield chemicals, asphalt additives, anti-caking is expected to further enable expansion of the market. In addition, the growing application of fatty amines in the manufacturing of logging, personal care, fabric softeners, and paints & coatings can elevate the market in the foreseeable future.
Regional Analysis:
Development of Water Treatment Facilities to Improve Market in Asia Pacific
The market in Asia Pacific is expected to expand radically owing to the heavy consumption and production in the region. The growing demand from India, China, and other countries can further enable speedy expansion of the market in the region. The ongoing projects associated with wastewater treatment facilities are expected to aid the development of the market. North America is expected to hold a significant share in the global market owing to the presence of detergent and surfactant manufacturers in the region. Europe is likely to experience a rapid growth rate owing to the increasing consumption of household and personal care goods. However, strict regulations and a lack of product demand can dampen the growth of the market in Latin America.
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Key Development:
September 2018: Indo Amines Ltd. announced a joint venture with its subsidiaries “Main Organics” and “Core Chemicals”. This integration would substantially improve Indo Amines sales production and overall profit-margin capability
The Report Lists the Key Players in the Fatty Amines Market:
- 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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