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fatty amides market size, trends, shares, insights and forecast 2027

fatty amides market size, trends, shares, insights and forecast 2027

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fatty amides market size, trends, shares, insights and forecast 2027

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. FATTY AMIDES MARKET ANALYSIS(2019-2027) Fatty Amides Market, By Product Type (Erucamide, Oleamide, Stearamide, Behenamide), By Form (Powder, Beads & Micro-beads, Pastilles), and By Region (North America, Europe, Asia-pacific, Middle East & Africa, Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  3. Fatty Amides Market 2017–2027 • Fatty amides are oleamide, behenamide, erucamide, and stearamide which are widely used across a variety of industries, such as plastics processing, rubber, and inks & coatings. Fatty amides are mainly used as slip agents and anti-block agents in the production of polyolefin films & sheets that have applications in the packaging industry. Fatty acids maintain the clarity of polyolefin film and act as an anti-blocking agent. Nearly 70% of fatty amides are used in the film processing industries. Oleamide and stearamide are majorly used by industries such as paper, textiles, rubber, and ink. • The global fatty amides market is projected to surpass US$ 420 million by the end of 2027, in terms of revenue, growing at CAGR of 6.2% during the forecast period (2019 to 2027). • Drivers • Expanding processed food and beverage industry especially in Asia Pacific region is expected to augment the market growth of fatty amides. According to the Hong Kong Trade Development Council, in 2018, Hong Kong’s total exports of processed food and beverages increased by 1% to reach US$ 8.9 billion. Mainland China was the largest market for Hong Kong’s processed food and beverage exports, accounting for 41% of the total, followed by Vietnam on 20%.

  4. Growing demand for plastic around the globe due to the booming end-user industry is anticipated to stimulate market growth over the forecast period. According to the report published by polymer database, for the period 2012 to 2017, the demand for plastic products increased steadily by about 3.7% per year with a total world plastics production of about 300 tons in 2013. Therefore, rising demand for plastic is anticipated to foster the market growth of fatty amides.  • Regionally, Asia-pacific dominated the global fatty amides market in 2018, reporting 36% market share in terms of revenue, followed by Europe and North America and, respectively.

  5. Figure 1. Global Fatty Amides Market, Revenue Share (%), By Region, 2018

  6. Market Restraints • Developed regions such as North America and Europe together account for major share in the global fatty amides market. However, these markets are mature and therefore experiencing relatively slow growth. This factor is projected to hinder the market growth of fatty acids over the forecast period. Moreover, China, is another major market that is experiencing an economic downturn. The aforementioned factors are projected to restrict the growth of the global fatty amides market over the forecast timeframe. • The fluctuating price of raw material used for the production of fatty amides is expected to affect the manufacturing process. High cost of production will add up the cost of the product and this factor is expected to hinder the market growth of fatty amides. Therefore, fluctuating raw material prices is anticipated to restrain the market growth of fatty amides over the forecast timeframe. • Market Opportunities • The booming rubber industry around the globe is expected to offer potential growth opportunities to the market of fatty amides. According to the report published by Business Lines, the natural rubber consumption is projected at 1270,000 tons in 2019-20, supported by economic growth and higher import duty and anti-dumping duty on tires and the consumption has increased from 111, 2210 tons in 2017-18 to 1211,940 tons in 2018-2019. • Growing demand for slip additives from health care for offering better seal strength to the plastic packaging product is anticipated to foster the market growth of fatty amides over the forecast period. Moreover, the growing demand for erucamide-based slip additives from packaging consumer goods due to their high slip performance, better stability, and high-temperature performance is anticipated to accelerate the market growth of fatty amides. 

  7. Figure 2. Global Fatty Amides Market – Opportunity Analysis

  8. Market Trends • The growing launch of novel and innovative slip additive for seal packaging is expected to foster the market growth of fatty amides. For instance, in September 2018, Dow Performance Silicones, a new silicone-based slip additive for low-density polyethylene (LDPE) film that optimizes form-fill-seal (FFS) packaging production. Such innovation in slip additive will favor market growth over the forecast period. • The rising number of partnerships among key players in order to enhance their presence in the market is expected to foster the market growth of fatty amides. For instance, in January 2020, Smiths High Performance and Burloak Technologies, a leader in the additive manufacturing (AM) industry and a division of Samuel, Son & Co., Limited, announced the exclusive agreement to supply additive manufactured parts in metals and polymers to the worldwide Formula 1 racing market.

  9. Figure 3. Global Fatty Amides Market, Revenue Share (%), By Derivative, in 2018

  10. On the basis of product type, in 2018, erucamide segment accounted the largest market share of 74% in terms of revenue, followed by oleamide and stearamide, respectively. Figure 4. Global Fatty Amides Market – Value Chain Analysis

  11. Competitive Section • Key players active in the global fatty amides market are BASF SE, Monsanto Company, E I du Pont de Nemours & Company, Bayer AG, The Dow Chemical Company, Syngenta AG, and Nufarm Limited • Few Recent Developments • PMC Biogenix Inc.  • In January 2016, the company announced plans to increase fatty amide manufacturing capacity. The company plans to ramp up production capacity at its Gyeongju, South Korea-based fatty amide manufacturing plant by 30% by the first half of 2016. • Fine Organic Industries Pvt. Ltd.  • In 2016, the company set up a sales office in Belgium in order to cater to the growing demand for polymer additives in Europe

  12. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/market-insight/fatty-amides-market-3486

  13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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