Market Overview
The global fatty amides market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 4.32% during the forecast period (2023-2030).
Fatty amides are found in many natural and synthetic sources, including in animal and plant fats and oils, as well as in synthetic surfactants and lubricants. Some examples of fatty amides include lauramide, myristamide and stearamide. Fatty amides hold a wide range of applications in various industries. It are used as emulsifiers, lubricants and surfactants in the food and cosmetic industry.
Market Dynamics
Due to their lubricants and surfactant qualities, fatty amides are becoming more and more in demand in the packaged food sectors
Fatty amides can be used as a natural alternative to synthetic lubricants, which can harm the environment. The demand for fatty amides in the packaged food industry is increasing due to the growing consumer demand for natural and organic food products. Consumers is becoming more conscious of the ingredients they eat and looking for products free from artificial ingredients and preservatives. Fatty amides are a natural alternative to synthetic emulsifiers and are considered healthier for consumers.
Furthermore, the increasing concerns about the environmental impact of synthetic emulsifiers and lubricants are also driving the demand for fatty amides in the food industry. Fatty amides are biodegradable and have a lower environmental impact than synthetic emulsifiers and lubricants.
Presence of sythetic alternatives in the market
One of the major restraining factor is the increasing competition from other surfactants and emulsifiers. Due to the growing awareness and concerns about the environment and health, there is a shift towards bio-based and natural surfactants, which can be less expensive and more sustainable than chemical-based fatty amides. It can lead to a decrease in demand for fatty amides.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global fatty amides market is segmented based on type, product form, function, application and region.
Growing demand for fatty amides in the manufacturing and processing of films processing application
Several factors drive the demand for fatty amides in film processing. One of the major factors is the growing demand for plastic films in various industries. Plastic films are used in packaging, agriculture, construction and many other industries and the demand for these films are increasing. The respective increased demand for plastic films drives the demand for fatty amides as lubricants and release agents in the film processing industry.
Geographical Analysis
The introduction of strict norms and laws to limit GHG emissions
The increasing focus on sustainability and environmental protection in Asia-Pacific drives the demand for fatty amides. Fatty amides are considered more environmentally friendly than many other lubricants and release agents commonly used in the region. They are biodegradable and have a lower environmental impact than synthetic lubricants and release agents. As a result, as Asia-Pacific is catching upto other regions in terms of sustainability and environment protection, the demand for fatty acids is expected to grow, allowing the region to dominate the market.
Competitive Landscape
The major global players include Croda International Plc, Mitsubish Chemical Corporation, KLF OLEO, PMC Group,Inc., Kao Corporation, Nippon Chemical Corporation, Fine Organics, Italmatch Chemicals S.P.A, Zincolet and Kula Lumper Kepong Berhad.
Why Purchase the Report?
- To visualize the global fatty amides market segmentation based on type, product form, function, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of fatty amides market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global fatty amides market report would provide approximately 69 tables, 67 figures and 219 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies