Fatty Amines Market Size, Share & Industry Analysis, By Type (Primary, Secondary, and Tertiary), By Application (Agrochemicals, Oilfield Chemicals, Chemical Processing, Water Treatment, Asphalt Additives, Personal Care, and Others), and Regional Forecast, 2024-2032

The global fatty amines market size was valued at USD 2.68 billion in 2023. The market is projected to grow from USD 2.77 billion in 2024 to USD 3.82 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period.

Fatty amines are oleochemicals that constitute a wide range of compounds derived from natural oils and fats. These compounds exhibit excellent surfactant properties, which enables their applications in several industries. They are generally classified as primary, secondary, and tertiary fatty amines. Among the several examples, some commercially critical fatty amines include oleylamine, soya amine, tallow amine, and coco amine. These products are widely used in agrochemicals, oilfield chemicals, chemical processing, water treatment, asphalt additives, personal care, and several other applications.

The outbreak of the COVID-19 pandemic significantly affected several industries across the world, and the chemical industry was no exception. Government-imposed lockdowns and disruption of the supply chains led to decreased production or stoppage of production by several industries. This resulted in fatty amines witnessing a lower demand during the pandemic. However, the gradual opening of the economies after significant control of the spread of the pandemic led to the gradual normalization of product demand.

Fatty Amines Market Trends

Increasing Demand for Agrochemicals to Create Lucrative Opportunities for Market Growth

Fatty amines are widely used in the manufacturing of agrochemicals, including plant growth regulators, insecticides, herbicides, and fungicides. Decreasing availability of agricultural land across the globe and increasing soil erosion are leading to a decrease in crop yield at a time when there is a huge demand for food from the growing population. Different types of agrochemicals are widely used to protect plants from insects and fungi and promote their growth to obtain higher crop yields in limited land.

Thus, the growing demand for agrochemicals to ensure better crop yield is anticipated to present lucrative opportunities for the fatty amines market growth. 

Fatty Amines Market Growth Factors

Growing Demand from Water Treatment Application to Aid Market Growth

Fatty amines are fatty acid/olefin 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. The commercially existing fatty amines are produced either by the distillation of fatty acids or by the reaction of fatty alcohols with ammonia. These amines are widely used in water treatment applications.

In different parts of the world, water is made available through various sources. Some regions are facing increasing water scarcity as rising industrialization coupled with water pollution is aggravating this problem. Fatty amines are widely used in water treatment. Several refineries, industrial plants, and the processing industry use these amines for wastewater treatment. The water supply has been under significant strain in recent years due to the growth of the world's population. The growing need for clean water in industrial applications and the effects of climate change, which has resulted in global water scarcity, are driving the demand for products for water treatment applications.

RESTRAINING FACTORS

Availability of Alternatives to Limit Market Growth

The availability of economic alternatives that are relatively sustainable and environmentally friendly, fluctuating availability & uncertain commodity prices of fatty amines, and the presence of strict government regulations regarding the hazardous effects of these compounds are some of the factors that can hinder the market’s growth during the forecast period.

Fatty Amines Market Segmentation Analysis

By Type Analysis

Tertiary Amines Segment Dominates Owing to Higher Demand from Different Industries

Based on type, the market is segmented into primary, secondary, and tertiary. Among these segments, the tertiary segment held the largest market share in 2023 and is anticipated to retain its position by 2032. The largest share held by the tertiary amines segment can be attributed to its higher demand from several industries for different applications, including fuel additives, ore floatation, corrosion inhibitors, and chemical intermediates.

The primary fatty amines segment also held a considerable market share and is anticipated to grow significantly during the forecast period. These amines are commonly used for research and manufacturing cationic and amphoteric surfactants, releasing agents, asphalt emulsifiers, sludge inhibitors, and fuel additives.

Secondary amines are mainly used to produce cationic and zwitterionic surfactants and their derivatives. These surfactants are rarely used in their original form.

By Application Analysis

Agrochemicals Hold the Apex Position Owing to Rising Need for Plant Protection

Based on application, the market is segmented into agrochemicals, oilfield chemicals, chemical processing, water treatment, asphalt additives, personal care, and others.

Among these segments, the agrochemicals segment held the largest share of the global market size in 2023 and is anticipated to retain its dominance during the forecast period. The change in the global climate has resulted in different crops being more susceptible to insects and fungi, which decreases crop yield. The rising population and decreasing availability of agricultural land are creating a demand-supply gap for food grains. Therefore, the increased susceptibility of crops, coupled with rising food demand, is driving the demand for agrochemicals.

Oilfield chemicals, chemical processing, water treatment, asphalt additives, and personal care segments also hold a considerable market size. Product adoption in these applications is significantly growing due to the product's excellent surfactant properties. The corrosion inhibition property of the product is also one of the major factors driving its demand from these applications.

Other applications of fatty amines include pharmaceuticals, household, paints & coatings, and building & construction.

REGIONAL INSIGHTS

Regionally, the market is studied across North America, Europe, Asia pacific, Latin America, and the Middle East & Africa.

Asia Pacific was valued at USD 1.13 billion in 2023 and accounted for the largest fatty amines market share, which can be attributed to the developing agriculture industry and rising consumer expenditure in the region. The rising population and decreasing availability of agricultural land are pushing the demand for agrochemicals to increase crop yield. Rising consumer expenditure in the region is driving the product demand for personal care applications. Further, rising industrialization in the region is driving the product demand for oilfield chemicals, chemical processing, asphalt additives, and other applications. 

The market in North America and Europe is growing at significant rates and is anticipated to witness considerable gains in the future. The substantial presence in the oilfield chemicals and chemical processing industries in these regions is the key factor driving the market’s growth. Heavy expenditure in roadway construction in these regions is driving the product demand for asphalt additives. Higher consumer expenditure and rising health consciousness are the factors driving the product demand for personal care applications. In addition, the increasing investment in the water and wastewater treatment industry in these regions is anticipated to boost product demand in the near future.

Latin America and the Middle East & Africa are expected to witness considerable market growth during the forecast period. The growth is attributed to the rising industrialization and urbanization in these regions. Industrialization has led to a rise in product demand for oilfield chemicals and oil processing. Rising industrialization in the region is also increasing consumer expenditure, driving the demand for personal care products and positively impacting market growth. Relatively insufficient availability of fresh water, which is aggravating due to the rising climate changes, is driving the product demand in these regions for water treatment applications.

KEY INDUSTRY PLAYERS

Capacity Expansion and Acquisition of Small Regional Players are Key Strategies Implemented by Companies

Major players operating in the market include Clariant, AkzoNobel, Global Amines, Kao Chemicals Global, Evonik Industries Ag, Arkema, Nouryon, and others. Many companies in the market are focusing on strategic expansion. Prominent players are acquiring small regional players in the market to enhance their geographical footprint and use local networks to strengthen their market position. Many companies are actively engaged in expanding their production capacity to meet the rising demand from the market.

List of Top Fatty Amines Companies:

• Clariant (Switzerland)


• AkzoNobel (Netherlands)


• Global Amines (Singapore)


• Kao Chemicals Global (Japan)


• Evonik Industries Ag (Germany)


• Arkema (France)


• Nouryon (Netherlands)


• Vantage Leuna GmbH (U.S.)


• Indo Amines Limited (India)


• Huntsman International LLC. (U.S.)


• Ecogreen Oleochemicals (Singapore)

KEY INDUSTRY DEVELOPMENTS:

• June 2023: Global Amines Company Pte. Ltd. acquired Clariant’s Quats business, which includes certain assets in Indonesia, Germany, and Brazil. Quats are a group of chemicals used for a range of applications, such as surfactants, preservatives, and antistatic agents. Qauts are utilized in industrial, commercial, and consumer products.


• October 2019: Nouryon launched a demonstration plant in Sweden to display a more sustainable and revolutionary technology platform for manufacturing ethylene amines and their derivatives. The technology is a form of ethylene oxide (EO) that supports the selective production of various end products, empowering Nouryon to enlarge its ethylene amine product offering.

REPORT COVERAGE

The report provides a detailed market analysis and focuses on crucial aspects, such as leading companies, sources, applications, and products. Also, it offers insights into market trends and dynamics and highlights vital industry developments and market outlook. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market in recent years.

Report Scope & Segmentation