This Persistence Market Research report examines the global fatty amides market for the forecast period 2016 - 2022. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments of the global fatty amides market.
New York, NY -- (SBWIRE) -- 06/17/2016 -- According to a new market report published by Persistence Market Research titled, "Global Market Study on Fatty Amides: Increasing Demand from Film & Sheets Industry to Drive Growth of Market during the Forecast Period 2016 - 2022", the global fatty amides market is expected to expand at a CAGR of 6.2% in terms of value over 2016 - 2022. Global Fatty Amides (Erucamide, Oleamide, Stearamide, and Behenamide) Market is Expected to be Valued at US$ 223.1 Mn by 2016 end, owing to factors such as increasing demand for polyolefin films in developing countries and cost-efficient solutions.
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Fatty amides are derived from fatty acids such as erucic acid, oleic acid, and stearic acid. Primary fatty amides such as erucamide, oleamide, stearamide, and behenamide are widely used as slip agents and anti-blocking agents by polyolefin film processing industries. Owing to its value-added properties, fatty amides has found great application in manufacturing of inks and dyes. Erucamide is a primary amide and is synthesized by reacting erucic acid with gaseous ammonia. Around 35% of erucic acid produced globally is used for commercial manufacturing of erucamide. Erucamide is preferred as slip agent for polyolefin film processing due to its ability to reduce the value of COF (Coefficient of Friction) of the film surface. Oleamide has found wide application in the manufacture of polyolefin films, which can be used for food packaging. It is referred to as fast blooming agent due to its ability to move rapidly on a film surface. It is used as a dispersing agent in printing ink and dyes. Stearamide and behenamide are used in combination with erucamide as an anti-blocking agent in polyolefin film processing. The global market of fatty amides is expected to expand at a CAGR of 6.2% in terms of value over the forecast period.
Drivers and Trends
Demand for fatty amides is influenced by demand for polyolefin films from packaging and food & beverage industries. Plastic and film processing is well-establish in Europe and North America and is significantly growing in emerging markets such as India and South Korea. Currently, demand for fatty amides in Europe and North America is lesser than in Asia Pacific.
Persistence Market Research, in its report titled, "Fatty Amides (Erucamide, Oleamide, Stearamide, and Behenamide) Market: Global Industry Analysis and Forecast, 2016-2022", has segmented the global fatty amides market by product type, product form, and regions. On the basis of product type, the market is segmented into erucamide, oleamide, stearamide, and behenamide. On the basis of product form, the market is segmented into beads, powder and other (pastilles). On the basis of regions, the fatty amides market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
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Analysis, by Region
Amongst the aforementioned regional segments in the global fatty amides market, the fatty market in Asia Pacific is expected to expand at a CAGR of 7.4% in terms of value during the forecast period. The market in the region is estimated to account for over one-third share of the global fatty amides market in terms of value by 2016 end. In terms of volume, the market in North America is expected to exhibit steady growth during the forecast period. It is slated to account for the value share of around 20% by 2016 end. Sale of fatty amides in Latin America and the Middle East & Africa are forecast to grow at relatively lower rates over the forecast period.
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