Fatty Amides Market

Fatty Amides Market Size (2023-2028):

The fatty amides market is predicted to grow from USD 309.4 million in 2022 to USD 391.8 million by 2028, with a CAGR of 5.6% over the foreseen period.

The fatty amides market is experiencing considerable expansion due to the escalating call for organic products compared to those derived from petroleum. The growing applications in end-user industries such as food and beverage, soaps and detergents, and pharmaceutical and personal care products provide several opportunities for the expansion of the fatty amides market. Fatty amides are employed as anti-blocking agents or slip agents in the polyolefin industries. Fatty amides offer a variety of benefits and value-added properties. Fatty amides are widely employed in the manufacture of inks and colorants in the worldwide market for fatty amides. Fatty amides are employed as anti-blocking agents or slip agents in the polyolefin industries. Fatty amides offer a variety of benefits and value-added properties. Fatty amides are widely employed in the manufacture of inks and colorants in the worldwide market for fatty amides. Fatty amide products are employed in various segments and industries. Worldwide fatty amides are predicted to see strong market expansion during the foreseen period.

The worldwide market for fatty amides is governed by a few key market players. These major players are predicted to complete some mergers and acquisitions to enter the fatty amides market. They are also predicted to adopt certain strategies such as expansion, agreements, and investments to expand their share of the worldwide fatty amide market. The major players are at the forefront to capture and dominate the fatty amides market with these strategies.

Fatty Amides Market Drivers:

Escalating the call for polyolefin films from the food and beverage industries is predicted to drive the fatty amides market. It is highly preferred in the food industry due to its ability to move faster on the surface of a film. The call for packaged foods has increased due to the high purchasing power and busy lifestyle that will drive the expansion of the fatty amide market. The plastic and film market is also experiencing a strong call. Furthermore, it is also employed as a thinner in inks and printing dyes. It is also employed as an anti-blocking agent in the polyolefin film processing industries. These factors will further lead to the expansion of the worldwide market for fatty amides. 

Fatty Amides Market Restraints:

The volatility of raw material prices is expected to limit the expansion of the fatty amide market.

Opportunities in the Fatty Amides Market:

Escalating the call for polyolefin films from the food and beverage industries is predicted to drive the fatty amides market. It is highly preferred in the food industry due to its ability to move faster on the surface of a film. The call for packaged foods has increased due to high purchasing power, and a busy lifestyle will drive the expansion of the fatty amide market. 

Challenges in the Fatty Amides Market:

The likely factor holding back the expansion of the worldwide fatty amide market is believed to be the volatility of raw material prices. Fluctuations in the price of raw materials will affect the price of the product to the manufacturer. The high cost of manufacturing will add to the cost of the product, affecting the expansion of the market.

FATTY AMIDES MARKET REPORT COVERAGE:

Fatty Amides Market Segmentation

Fatty Amides Market - By Product Form:

• Bead

• Powder

• Others

Fatty Amides Market - By Function:

• Lubricants

• Anti-Block Agents

• Release Agents

• Slip Agents

• Dispersants

• Others

The slip agents segment had a large share of the fatty amides market in 2021. 

Fatty Amides Market - By End-use:

• Film Processing

• Ink

• Rubber

• Injection Molding

• Others

The film processing segment had a significant share of the fatty amides market in 2021, with a CAGR of 5% during the foreseen period. The internal lubricant application includes reducing torque in rubber and resin processing, while the external lubrication application includes promoting slippage on resin surfaces and improving the flowability of powdered materials. It can be used as an anti-blocking is predominant in the processing of powdered resins, granules, inks, and films.

Fatty Amides Market - By Region

 The Fatty Amides report includes the segmentation of Regions:

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East & Africa 

In 2021, the Asia-Pacific region accounted for the majority of the fatty amides market.

Asia Pacific fatty amides market is growing continuously for the past few years with the increasing investments from public companies. The increased call for fatty amides can be attributed to the escalating population of the region with high disposable income. Asia-Pacific is predicted to be the fastest-growing market for fatty amides, with India and China being the main domestic markets. The Asia Pacific market is predicted to post the highest CAGR during the foreseen period. The fatty amides market is mainly driven by the increase in disposable income and the expansion of end-use industries.

Asia-Pacific dominated the fatty amides market with a share of over 37%, followed by Europe and North America. Expansion in the Asia-Pacific region is supported by improving economic conditions, rising disposable income, and positive demographic outlooks such as population expansion and rising per capita income in the region. In these emerging markets, there is a strong call from the packaging and manufacturing industries, which in turn creates a call for fatty amides. Plastics and film processing is well established in Europe and North America and is experiencing significant expansion in emerging markets such as India and South Korea.

Impact of COVID-19 on the Fatty Amides Market:

The pandemic has claimed lives and disrupted livelihoods on an unimaginable scale. As governments slowly begin to reopen their economies and societies, the effects of the crisis will persist, especially for the poor and vulnerable. Many developing countries are highly dependent on sources of income such as remittances, commodity exports, and tourism and will likely be disproportionately affected by an anticipated worldwide recession. Tax revenues are also falling, while these countries access to financial markets will be drastically reduced. Even before the crisis, capital markets were critical to strengthening the performance of countries and their people. With many deteriorating accesses to these markets, the Multilateral Development Banks (MDBs) provide an essential service. These institutions have long-term commitments in countries and can act quickly to make funds available. Multilateral development banks can be one of the few resources that countries can tap into, especially during market volatility.

Fatty Amides Market Key Players:

The fatty amides market is dominated by players such as

1. Croda International (UK)Kuala Lumpur Kepong Berhad (Malaysia)

2. Italmatch Chemicals (Italy)

3. PMC Biogenix, (US) 

4. Kao Corporation (Japan)

5. Fine Organics (India)

6. Nippon Fine Chemical (Japan)

7. Haihang Industry (China)

8. Mitsubishi Chemical (Japan)

9. BASF (Germany)