Demand for fatty amines may be hampered on account of their toxicity. Certain fatty amines may have carcinogenic effects on the human health, which has led end-users to opt for alternatives
Albany, NY -- (SBWIRE) -- 05/30/2018 -- A new research study, titled, "Fatty Amines Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)" has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global fatty amines market is likely to reach a valuation of nearly US$ 2.6 Bn by the end of the forecast period. In terms of CAGR, the market is likely to grow at 3.3% during the assessment period.
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According to the research study, demand for fatty amines may be hampered on account of their toxicity. Certain fatty amines may have carcinogenic effects on the human health, which has led end-users to opt for alternatives. These factors can have an impeding effect on the growth of the fatty amines market during the assessment period. Adoption of fatty amines can also be influenced by regulations such as REACH and CLEAN. The use of amines in textile and dye industry needs to be under certain limits, and this is likely to hamper widespread adoption during the assessment period.
In spite of the regulations concerning the use of fatty amines, demand is likely to be positively influenced by usage in paints and coatings industry. Damage caused due to fungal attacks remains a cause of concern for the construction and automotive industry. Use of fatty amines in these application areas can contribute to the growth of the market during the assessment period.
In addition to paints and coatings, demand for fatty amines is also likely to witness an increase on account of growing emphasis on water and wastewater treatment. Many countries around the world are focusing on recycling wastewater, which is likely to boost the adoption of fatty amines. The report opines that demand for fatty amines in water and wastewater treatment will provide a steady stream of opportunities to manufacturers during the assessment period.
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The research study also offers forecast and analysis on the basis of product type. The key product type segments include primary, secondary, and tertiary. Among these, tertiary segments continues to account for the leading revenue share of the market, and it is highly likely that this segment will account for nearly 40% revenue share of the market throughout the assessment period.
Asia Pacific excluding Japan (APEJ) is likely to remain one of the leading markets for fatty amines globally. The APEJ fatty amines market is likely to account for nearly one-third revenue share of the market. The market will continue to remain resurgent in North America and Europe.
The research study also offers holistic analysis and insights on the key companies operating in the market. According to the research study, some of the leading market participants include E.I. du Pont de Nemours & Co., Evonik Industries AG, Arkema S.A., Kao Corporation, Clariant AG, Solvay S.A., AkzoNobel N.V., Albemarle Corporation, Procter & Gamble Company, Lonza Group Ltd.
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