Fatty Amines Market - Forecasts from 2024 to 2029

The global fatty amines market is predicted to grow at a CAGR of 4.36% during the forecast period (2024-2029).
Fatty amines are the nitrogen derivatives of olefins, fatty acids, or alcohols prepared from natural sources, fats, oils, or petrochemical raw materials. Amines are classified as primary, secondary, or tertiary based on the number of hydrogen atoms in an ammonia molecule that is substituted by fatty alkyl or methyl groups. Fatty amines are cationic surface-active chemicals that firmly attach to surfaces by physical or chemical bonding. They act as reactive intermediate compounds in manufacturing important commercial goods. Industrial fatty amines are primarily obtained in various forms from reactive hydrocarbons by reducing a fatty nitrile precursor. These amines are distilled from either the appropriate fatty acid precursor for the amine or the two-product combination of the amine.

GLOBAL FATTY AMINES MARKET DRIVERS:

• The increasing introduction rate of new products in the fatty amines market fosters development since these formulations provide enhanced options for the diverse uses of fatty amines in agriculture, personal care, and industrial sectors. Technological advances address issues of better resource utilization and environmental friendliness, as well as the emergence of new requirements. Nouryon, for instance, provides a wide spectrum of C8 to C22 primary, secondary, and tertiary amines and fatty amine derivatives, most of which are based on natural feedstock.

Along with this, Arkema offers Noramox, which is a broad variety of ethoxylated fatty amines derived from natural feedstock and ethoxylation (EO) technology. Noramox products have the following particular structures: fatty chains from C12 to C18 EO adducts from 2 to 15 moles of the amine group.

Neutron, offered by Nippon Fine Chemical Co., Ltd., is a higher fatty acid amide derived from highly purified fatty acids. It can be utilized as a lubricant for synthetic resins such as polyethylene, polypropylene, and others as blocking agents, releasing agents, printing ink additives, pigment dye dispersants, and more. High-tech production systems and production structures allow firms to manufacture products that are less harmful to the environment and can be purchased by most users. These innovations differentiate goods and drive market growth by meeting rising requirements and broadening application possibilities.

• Fatty amines are used in agriculture largely as components in pesticides, herbicides, and fungicides to improve insect and disease management. They increase formulation qualities such as dispersibility and stickiness, resulting in more focused application and efficacy in crop protection. Furthermore, fatty amines are used to formulate fertilizers that improve nutrient absorption, promote healthy plant development and sustainable farming practices, and increase crop yields.

In addition, India is the world's sixth largest producer of chemicals and third in Asia, accounting for 7% of its GDP. India's chemical sector, valued at US$220 billion in 2022, is expected to expand to US$300 billion by 2025 and US$1 trillion by 2040. With approximately 80,000 commercial products, India's chemical sector is immensely diverse and can generally be categorized as bulk, specialty, agrochemicals, petrochemicals, polymers, and fertilizers.

However, the key crop protection markets in Japan, the EU-15, and North America, which are the main targets of new active ingredient research and development (R&D), have seen a drop in their proportion of the crop protection market. Increased expansion has been observed in emerging markets, casting doubt on the direction of present research and development tactics. The main businesses' R&D spending has shifted from agrochemicals to genetically modified (GM) trait development, decreasing the rate at which new active ingredients are developed and then released into the market. The industry has thus relied more on older, off-patent chemistry, while re-registration regulations, especially in the EU, have limited the supply of older goods.

GLOBAL FATTY AMINES MARKET SEGMENT ANALYSIS:

Primary Amines are one of the fastest-growing segments.

Primary amines are obtained by substituting one hydrogen atom in ammonia with an organic radical alkyl or aryl or by substituting a hydrogen atom on an organic molecule with the group NH2. Enamine, for instance, stocks more than 37,000 primary amines, varying from simple ornamental building blocks to intermediates and complex structures capable of acting as a scaffold in library synthesis. Its collection is the largest in the world, and it is further surging by introducing new products of primary amines developed and produced within the company.

Increased pharmaceutical demand for medication synthesis and API manufacture drives the primary amine market. Furthermore, their crucial involvement in agrochemicals promotes agricultural production and crop protection. Primary amines are used in personal care goods such as cosmetics and toiletries. Expansion is further fueled by applications like water treatment and as an additive for polymers. Another significant growth driver is the enhancement in the manufacturing processes and increased regulatory approval.

Growing application of fatty amines in water treatment.

Among all the types of amines used in water treatment processes, fatty amines are most used because of their ability to act as surfactants during processing and to eliminate undesirable oils, greases, other suspended matter, etc. They can be used as coagulants, flocculants, or dispersants to help in the process of purification where impurities are removed from water during processes such as sedimentation, filtration, or floatation.

Furthermore, water treatment shows a strong symbiotic link between product development and government policies, which are expected to have positive implications on the fatty amines market. For example, in December 2023, to advance as a comprehensive water solution firm in the international market, Samyang Corporation, the pioneer in the development of ion exchange resin in Korea and a leader in the field of industrial water treatment materials, introduced two new products and formed a specialized organization.

Nonetheless, government policies, such as environmental restrictions and water quality standards, further promote market growth by requiring compliance and promoting investment in sophisticated treatment facilities. For example, governments and authorities worldwide have made efforts such as the UNEP's Global Wastewater Initiative and the World Bank Group's Water Resources Management to address the wastewater problem. Moreover, in March 2023, the European Union approved a €70m investment grant for North Macedonia and the European Investment Bank. The first purpose of the grant was to provide a subsidy for constructing a wastewater treatment plant in Skopje.

Asia Pacific's fatty amines market is anticipated to grow significantly.

The growth in the Asia Pacific fatty amines market is heavily influenced by the comparatively high rate of industrialization, particularly in the agricultural and personal care industry, where it is used for pesticide, fertilizer, and cosmetic formulation. India, Japan, and China are also expected to be on the list of the fastest-growing countries. The International Trade Administration stated that the Japanese fertilizer market was valued at $3.1 billion in 2020. Japan purchased $671 million worth of fertilizers with the United States being one of the leading suppliers. Furthermore, the FICCI India Report 2020 shows that India ranks fourth largest in global agrochemical production. The value of the Indian agrochemicals sector was over INR 42,000 crore in the financial year 2020, of which domestic consumption was worth around INR 20,000 crore, and exports were estimated to be worth about INR 22,000 crore.

Besides this, rising environmental regulations favoring sustainable chemical solutions drive up demand for fatty amines in environmentally friendly applications such as water treatment. China plans to reconstruct 80,000 Km of sewage-collecting pipeline networks as stated on April 2023, by International Trade Administration. Owing to this, the second and third-tier cities will certainly have the potential for the maintenance of sewage pipelines and the treatment of black and odorous water bodies, as the construction and development of wastewater treatment plants with an Investment policy focus on China. This increase in government-supporting variables also influences the growth of fatty amines in wastewater treatment.

Furthermore, as urbanization and disposable incomes rise in emerging nations, consumer demand for fatty amine-containing personal care products increases. India's personal care and cosmetics sector has grown steadily, with more shelf space in boutiques and retail stores nationwide. The Indian cosmetics sector is divided into skin care, hair care, oral care, fragrances, and color cosmetics categories. The market share is estimated to reach $20 billion by 2025, with a compound annual growth rate of 25%. On the other hand, the worldwide cosmetics business is rising at a 4.3% CAGR and is expected to reach US$ 450 billion by 2025. Comprehensively, these factors combined promote substantial growth and prospects in the Asia Pacific fatty amines market.

Global Fatty Amines Market Key Developments:

• In August 2022, Global Amines Company Pte. Ltd., a 50-50 joint venture between Clariant and Wilmar, inked a formal deal to buy Clariant's Global Quats and Esterquats business.
• In February 2022, Kao Corporation planned to construct a new tertiary amine manufacturing plant in Pasadena, Texas, primarily to fulfill the rising demand for sterilizing/cleaning applications and a wide range of other industrial uses. Kao planned to reinforce its steady supply chain for the US market by developing a new production unit in the United States.

The global fatty amines market is segmented and analyzed as follows:

By Product Type

• Primary Amines
• Secondary Amines
• Tertiary Amines

By End-User

• Agrochemicals
• Water Treatment
• Construction
• Oilfield Chemicals
• Personal Care
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• Rest of Middle East and Africa
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific