According to Fortune Business Insights, The global fatty amines market size was valued at USD 2.68 billion in 2023. The market is projected to grow from USD 2.77 billion in 2024 to USD 3.82 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period. Asia Pacific dominated the fatty amines market with a market share of 42.16% in 2023.
Fatty amines are a diverse class of oleochemicals derived from natural oils and fats. These compounds possess excellent surfactant properties, enabling their utilization across various industries. The fatty amine family encompasses primary, secondary, and tertiary amines, with commercially significant examples including tallow amine, oleylamine, and coco amine. The growing need for clean water in industrial applications and the effects of climate change, which has resulted in global water scarcity, are driving the demand for fatty amines.
Fortune Business Insights™ displays this information in a report titled, "Fatty Amines Market, 2024-2032".
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LIST OF KEY COMPANIES PROFILED IN THE REPORT:
Segmentation:
Tertiary Amines to be Extensively Adopted Owing to Widespread Demand in Several Sectors
Based on type, the market is segmented into primary, secondary, and tertiary. The tertiary segment dominated the market in 2023 and is expected to dominate the market. The segment’s growth can be attributed to the widespread demand for tertiary amines across various industries for diverse applications, including fuel additives, ore floatation, corrosion inhibitors, and chemical intermediates.