Global Fatty Amines Market Poised to Hit US$ 2,193 Mn by 2020
Fatty Amines Market: Segmentation
In terms of revenue, the global fatty amines market was valued at US$ 1,721 Mn in 2014, and is estimated to be worth US$ 2,193 Mn by 2020, whereas, in terms of volume, the global fatty amines market accounted for 615 Kilo Tonne in 2014, and is anticipated to reach a volume of 718 Kilo Tonne by 2020.
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The application segment of the global fatty amines has been estimated and forecasted using the top-down approach. The water treatment chemicals segment accounted for the largest market with more than 29% of the global value for fatty amines in 2014. Moreover, it is anticipated to grow at a significant CAGR of 4.7% during the forecast period.
With over 20% share in the global fatty amines market, the agrochemicals segment was the second largest application market for global fatty amines in 2014, and is anticipated to grow at a slightly low CAGR of 1.9%, in terms of value, during the forecast period. The demand for agriculture products is on a rise due to constantly growing population, particularly in developing countries. Fatty amines find major applications as ingredients in the agro-chemicals along with other amines. Hence, as the demand for agri-products and agro-chemicals will continue to increase, it will continue to drive the demand for fatty amines across the globe.
The asphalt additives application segment is foreseen to witness comparatively high CAGR of 6.1%, as compared to the remaining application segments. Fatty amines are largely consumed in the paints and coatings industry as additives to protect the paints from getting tainted while in storage. Apart from the construction industry, paints and coatings are largely used in the automotive industry, which has recorded growth numbers in the past few years. Moreover, increasing automotive production in China, Indonesia, Malaysia and Mexico is expected to result in increased use of paints and coatings, which is further anticipated to propel the demand for fatty amines over the forecast period.
The oilfield chemicals segment is expected to be moderately attractive during the forecast period. The others segment, which includes mining, personal care and fabric softener, is anticipated to fuel the market for fatty amines in the coming years, owing to the market expansion and innovation in techniques as well as the development of novel applications such as glyphosate herbicides, detergents, and fabric softener.
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Based on the fatty amines applications the report analyzes the attractiveness of each application using the attractiveness tool. Furthermore, all the applications of fatty amines are analyzed in terms of Basis Point Share to understand individual segments relative contributions to market growth. This detailed level of information is important for the identification of various key trends of the global fatty amines market.
All the above sections, by application, evaluate the present scenario and the growth prospects of the global fatty amines market for the period 2015 to 2020.
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