Market Overview
Fatty Amides are a class of chemical compounds derived from straight-chain aliphatic acids. The amide linkage forms more than 300 derivatives from eight plant families. They are rarely found in fats, yet are of considerable interest in the chemical world. Due to their high surface activity, they have a wide range of applications, including plastics and rubber. The application of fatty amides is vast, with applications in lubricants, anti-block agents, slip agents, and dispersants. They are also found in ink and film processing and are used in pharmaceutical & personal care products.
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Competitive Landscape:
Key companies involved in the global fatty amides market BASF SE, Monsanto Company, E I du Pont de Nemours & Company, Bayer AG, The Dow Chemical Company, Syngenta AG, and Nufarm Limited.
Market Dynamics
Increasing demand for environment-friendly products is expected to drive growth of the global fatty amides market during the forecast period. Fatty amides are widely used in the production of dispersants, internal lubricants, external lubricants, and release agents. Over the years, the demand for eco-friendly products has increased significantly across the globe. For instance, in December 2021, Gear Hugger launched a new plant-based, non-toxic all-purpose lubricant with 2x the lubricating power of petroleum-based alternatives.
However, fluctuating raw material prices are expected to hinder the global fatty amides market growth over the forecast period.
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Impact of COVID-19
The outbreak of the COVID-19 pandemic has impacted several markets and industries including the global fatty amides market. Following the pandemic, various countries worldwide adopted strict nationwide lockdown policies with restrictions on travel and trade. These policies significantly impacted the economic activities and growth of the said market. With disruption in the global supply chain industry, the adoption of breast pumps also decreased massively.
Key Takeaways
The global fatty amides market is expected to expand, exhibiting a CAGR of 6.2% over the forecast period. This is owing to growing preference for bio-based raw materials over petrochemicals. For instance, in September 2020, allnex launched PHENODUR PR 616/65B, a new eco-friendly phenolic resin recommended for interior and exterior coatings.
Among regions, North America is expected to witness significant growth in the global fatty amides market during the forecast period. This is owing to the presence of mature markets.
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Important Features that are under Offering and Key Highlights of the Reports:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
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✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being driven or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.
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✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?
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