The fatty amine market was valued at approximately USD 2,940.1 million in 2022 and is projected to reach USD 3,081.3 million by 2023. From 2023 to 2033, the market is anticipated to grow at a CAGR of 4.9%, reaching an estimated USD 4,955.9 million by 2033.
Key drivers of this growth include the rising demand for fatty amine as a corrosion inhibitor, water softener, and scale dispersant. It is increasingly used in wastewater treatment across various industrial sectors, including refineries and manufacturing, which has boosted its demand in the water treatment industry.
The strain on water supplies due to population growth, heightened industrial demand for clean water, and climate change impacts has intensified the need for effective water filtration solutions. These factors are contributing significantly to the expansion of the fatty amine industry.
Key Takeaways:
- The fatty amine industry in the United States is anticipated to grow at a CAGR of 4.5% through 2033.
- China is expected to achieve a CAGR of 6.5% from 2023 to 2033.
- France is projected to expand at a CAGR of 3.2% over the same period.
- Japan’s fatty amine sector is predicted to increase at a CAGR of 4% through 2033.
- The United Kingdom is forecasted to advance at a CAGR of 3.6% during the projection period.
- Tertiary amine is expected to account for 48.7% of the market revenue in 2023.
- Fatty amine is anticipated to contribute 23.7% of the revenue from water treatment applications in 2023.
Competitive Landscape:
- Regional and Small-Scale Manufacturers: The market is characterized by a high presence of regional and small-scale manufacturers.
- Raw Material Sourcing: Large corporations often source raw materials from local or regional businesses.
- Investment in R&D: Established competitors invest significantly in research and development.
- New Product Development: Investments are aimed at launching innovative products.
- Future Opportunities: These factors are expected to create attractive opportunities for the sector in the near future.
Key companies profiled:
- Clariant AG
- Albemarle Corporation
- Akzo Nobel N.V.
- Evonik Industries AG
- Kao Corporation
- Arkema S.A.
- Eastman Chemical Company
- Solvay S.A.
- I. du Pont de Nemours & Co.
- Procter & Gamble Company
- Lonza Group Ltd
- Indo Amine Ltd
- Sterling Auxiliaries Pvt. Ltd.
- Wuxi Zhufeng Fine Chemical Co., Ltd.
- NOF CORPORATION
- Nouryon
Segmentation Analysis of the Fatty Amine Industry Outlook
By Product Type:
- Primary Amine
- Secondary Amine
- Tertiary Amine
By End-Use:
- Agrochemicals
- Water Treatment
- Construction
- Oil field Chemicals
- Personal Care
- Textile Industry
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
Report Preview: https://www.futuremarketinsights.com/reports/fatty-amines-market
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