Fatty Amides Market is Estimated to Witness High Growth Owing to Growing End-Use Industries

Market Overview:

Fatty amides are primarily used as lubricants, anti-block agents, and slip and release agents in plastics, rubbers, and other polymer industries. They provide excellent lubricity and processability.

Market Dynamics:

The growing end-use industries such as plastics, rubbers, paints and coatings are expected to be the major drivers for fatty amides market growth over the forecast period. Fatty amides such as erucamide and oleamide are extensively used as slip and release agents in plastics and rubbers. They reduce friction during manufacturing and improve the mechanical properties of the final product. The growing demand from automotive, construction and packaging industries is further expected to boost the demand for fatty amides. Additionally, fatty amides also find application as lubricants for wire drawing and cold forming. The exponential growth of wire and cable industry is thus estimated to fuel the fatty amides market expansion during the projection years.

Increasing Demand from Personal Care Industry:

The personal care industry has been showing significant growth over the past few years. Fatty amides find extensive applications in personal care products like soaps, detergents, creams, etc. as thickening agents, softeners, anti-caking agents and others. Properties like emulsifying ability, foaming capacity, and slip make fatty amides ideal for use in personal care formulations. The rising disposable incomes and growing focus on personal grooming across regions will contribute to the increasing demand from this industry.

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Key Players Covered In This Report: Haihang Industries Co. Ltd., Croda International Plc., PMC Biogenix Inc., Fine Organic Industries Pvt. Ltd., Nippon Fine Chemicals Co., Ltd., Kao Corporation, Italmatch Chemicals S.p.A., Sichuan Tianyu Oleochemical Co., Ltd., and Nippon Kasei Chemical Co., Ltd.

Market Segmentation:

By Product Type: Erucamide, Oleamide, Stearamide, Behenamide
By Form: Powder, Beads, Micro-beads, Pastilles

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Growth of Agricultural Sector Driving Demand

Fatty amides are used as surfactants and dispersing agents in agrochemical formulations including pesticides, herbicides, and fungicides. They act as wetting and spreading agents which helps in uniform application of agrochemicals. The global agricultural industry has witnessed significant growth over the past decade to meet the rising food demand of growing population. Many countries are supporting farmers through subsidies and initiatives to boost farm output. This will augment the consumption of various agrochemicals and subsequently fatty amides.

Fatty Amides Market Restrain

Fatty amines and fatty acids are key raw materials used in the production of fatty amides. The prices of these raw materials display volatility depending on factors like demand-supply dynamics, crude oil prices, and economic conditions. As fatty amides account for a significant portion of the overall production cost, fluctuations in raw material costs can impact the margins of manufacturers. This acts as a major restricting factor for the steady growth of the fatty amides market.

Growing Demand from Paints & Coatings Industry

Fatty amides find applications as viscosity controllers, anti-settling agents, and wetting agents in paints and coatings. They help in uniform dispersion of pigments and improve the gloss and durability of paint films. The global paints and coatings industry has been growing at a steady pace over the years across infrastructure, automotive, industrial, and architectural sectors. This growth offers significant opportunities for the expansion of the fatty amides market.

Fatty Amides Market Trends

Rising Consumption of Bio-Based and Natural Variants

Concerns over health hazards of chemical-based products and strict regulations have been driving the demand for natural and bio-based alternatives. Major players in the fatty amides market are focusing on developing fatty amides from sustainable and natural sources like palm, coconut, soybean, sunflower, and olive oils. As consumers show higher preference for green chemical products, the consumption of bio/natural fatty amides is expected to increase significantly over the coming years.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Fatty Amides Market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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