Fatty Amines Market Expected to be Worth US$2,193 Mn by 2020 According to FMI
By Business Wire News
By Business Wire News
VALLEY COTTAGE, N.Y.
Future Market Insights, in its new report titled, “Fatty Amines Market: Global Industry Analysis and Opportunity Assessment 2015-2020”, forecasts that the global fatty amines market will expand at a CAGR of 4.2% through 2020 and reach a valuation of US$ 2, 193 Mn.
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The global fatty amines market is driven by robust demand from the water treatment chemicals industry. Surge in demand for agro-chemicals and asphalt additives are also fuelling the growth of the market. On the other hand, fluctuations in availability and volatile raw materials can restrain the growth of the market during the forecast period.
On the basis of product type, the fatty amines market is segmented into primary- secondary-, and tertiary- fatty amines. Among these, tertiary fatty amines dominated the fatty amines market; FMI estimates this segment to amplify at a CAGR of 3.6% during the forecast period 2015-2020; secondary fatty amines segment is anticipated to expand at a CAGR of 4.9%.
Key end-use applications of fatty amines include water treatment chemicals, asphalt additives, agro-chemicals, oilfield chemicals, and anti-caking. Among these, water treatment chemicals are the most dominant segment.
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Asia Pacific excluding Japan (APEJ) is the most lucrative region for fatty amines market. It accounted for a revenue share of over 25% in 2014. However, FMI estimates that the fatty amines market will witness the fastest growth in North America and Eastern Europe. According to FMI, the North America fatty amines market will expand at a CAGR of 6.4% during the period 2015-2020; Eastern Europe fatty amines market is forecasted to amplify at 5.3% CAGR.
Key players in the global fatty amines market include DuPont, Kao Corporation, AkzoNobel N.V., Evonik Industries AG, Clariant AG, Procter & Gamble Chemicals Company, CECA Arkema Group, Sigma-Aldrich Corporation, Volant-Chem Group, and Lonza.
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Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail.