Fatty Amides Market size is forecast to reach $443.76 million by 2025, after growing at a CAGR of 5.2% during 2020-2025. Fatty Amides are fatty acids, for example- uric acid, stearic acid, and oleic acid. Fatty amides are being used as anti-blocking agent or slip agents in the polyolefin industries. Fatty amides provide range of benefits and value-added properties. Fatty amides are broadly used in manufacturing of inks and dyes in the global fatty amides market.

Key Takeaways

Asia-Pacific is expected to dominate the global market during the forecast period.

Increasing applications in end-user industries such as food & beverages, soaps & detergents, and pharmaceutical & personal care provide several opportunities for the growth of the fatty amides market.

The fatty amides market is witnessing considerable growth due to growing demand for environmentally friendly products over petroleum-based ones.

Geography- Segment Analysis

Asia Pacific dominated the fatty amides market with a share of more than 37%, followed by Europe and North America. The growth in the Asia Pacific region is supported by improving economic conditions, increasing disposable income and positive demographic outlooks such as the increasing population and rising per capita income in the region. In these emerging markets, there is high demand from the packaging and manufacturing industries, which in turn generates demand for fatty amides. 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. Demand for fatty amides is influenced by demand for polyolefin films from packaging and food & beverage industries.

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Drivers – Fatty Amides Market

Demand from end use industries

Increasing demand for polyolefin films arising out of food and beverages industries is expected to push the global fatty amide market. It is highly preferred in food industry due to its ability to travel faster on a film surface. The demand for packed food has been increasing due to high purchasing power and busy lifestyle will boost the growth of fatty amides market. The market for plastic and film are experiencing high demand as well. These markets are likely to upheave the global fatty amides market during the forecast period. Additionally, it is also used as a diluting agent in printing ink and dyes. It is also used as an anti-blocking agent in polyolefin film processing industries. These factors will further lead to expansion of the global fatty amides market. The end users for fatty amides market would be industries such as food and beverages, personal care, and plastic and rubber.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the fatty amides market. Major players in the fatty amides market are Croda International, Kuala Lumpur Kepong Berhad, Italmatch Chemicals, PMC Biogenix, Kao Corporation, Fine Organics, Nippon Fine Chemical, Haihang Industry (China), Mitsubishi Chemical, and BASF among others.

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