Fatty amines are nitrogen-based derivatives of fatty acids/olefins derived from the raw materials such as petrochemicals, fats, and oils. Fatty amines contain either a mix of carbon chains or single chain with a number of carbons ranging from 8-22. Fatty amines find usage in many applications such as water treatment, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking and others which include mining, personal care, fabric softener, paints & coatings and many more.
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The global Fatty Amines Market is estimated to be valued at around US$ 1,880 Mn by 2017 end and is expected to reach a value a bit under US$ 2,600 Mn by the end of 2027, expanding at a value CAGR of 3.3% over the period of forecast. The global fatty amines market is anticipated to represent incremental opportunity of US$ 711.2 Mn between 2017 and 2027.
Depending on the chemical class, most fatty amines range from moderately toxic to practically non-toxic. Fatty alkyl amines are not considered especially toxic with regard to skin penetration and systemic absorption into the body. However, certain amines may have carcinogenic and hazardous effects on human health. Continuous and direct exposure to these chemicals can lead to poisoning and pollution of the environment. The growth of fatty amines market is hampered owing to stringent regulations imposed by regulatory bodies such as REACH and CLEAN. The Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) has also set certain limits on the usage of amines in the textiles and dye industry. The amount of amines should not exceed 30 mg per kilogram in finished and dyed products.
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Fatty amines are largely consumed in the paints and coatings industry as additives to protect paints from getting tainted while in storage. The damage to paint and coating surfaces due to microbes and fungal attack has been a major concern for the construction industry. Apart from the construction industry, paints and coatings are largely used in the automotive industry, which has recorded strong growth numbers in the past few years. Increasing automobile production in the region 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.
In sync with the increasing global concern regarding water stress and security, wastewater discharge from industrial as well as municipal sources are under increased scrutiny; and are regulated through stringent regulations which are expected to drive increasing investments in wastewater industries which in turn would drive the demand for fatty amines for applications such as biocides and corrosion inhibitors. The water treatment segment is expected to grow at a slow CAGR, however is anticipated to dominate the global market with a high market valuation. By the end of the period of forecast, this segment is estimated to touch a value of around US$ 615 Mn from a value of about US$ 465 Mn in 2017.
The personal care segment in the end use category is projected to grow at the fastest rate to register a comparatively high CAGR of 4.0% throughout the period of forecast. It is estimated to touch a market valuation a little under US$ 300 Mn by the end of the year of assessment.
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