Fatty Amides Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2030
The report titled ‘Global Fatty Amides Market – Growth, Share, Opportunities, and Competitive Analysis, 2018 – 2024′ offers strategic visions into the global fatty amides market along with the market size (Volume – Tons and Revenue – US$ Million) and estimates for the duration 2016 to 2024. The said research study covers in-depth analysis of multiple market segments based on product type, product form, and study across different topographies. The report is also inclusive of competitive profiling of the leading fatty amide vendors, and latest developments.
Fatty amides which are also known as fatty acid amides are derived from a fatty acid and amine. Fatty amides are derived from oleic acid, erucic acid, and stearic acids. Primary fatty acid amides are important signaling molecules in the mammalian nervous system, binding to many drug receptors and demonstrating control over sleep, locomotor activity, gap junction communication and many other processes. Primary fatty acids such as oleamide, erucamide, stearamide and behenamide are widely used in various end-user industries.
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They are used as anti-blocking agents and slip agents mainly by the polyolefin film processing industries. These anti-blocking agents add a lubricating layer and provide excellent secondary mold release and bloom control in engineering polymers and polyolefins. These products are known to provide thermal and chemical stability, lubricity and melting ranges which find useful applications in solving wide range of technical challenges. Secondary fatty amides are mainly used for superior temperature stability applications. Some of the applications include lubrication in polycarbonates and acrylics and flow improvement in nylon. These amides are specifically used for applications that require goo thermal stability and high lubricity. Fatty amides, due to their beneficial properties and functions are used in wide range of applications. Hence, high demand is reported for fatty acid amides in the market. The global fatty amides market was valued at US$ 233.0 Mn in 2017 and is expected to expand at a CAGR of 6.0% from 2018 to 2024.
Growing demand for fatty amides is reported for polyolefin films from the food & beverage and packaging industry. High demand from developed economies such as North America and Europe is expected to drive the growth of fatty amides due to increasing plastic and film processing industries in the regions. However, increasing number of plastic industries in Asia Pacific is also another factor boosting high demand for fatty amides in the region. Rising number of applications of fatty amides is expected to boost high demand from wide range of industries in the near future.
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The global fatty amides market has been segmented based on product type, product form, end-users and geography. Based on product type, global fatty amides market is segmented into Oleamide, Erucamide, Stearamide and Behenamide. Among these, erucamide is expected to hold major share of the global fatty amides market due to rising applications in the end-user industries. By product form, into, powder, beads and others. Fatty amides in the beads form are expected to gain high demand due to growing demand from ink manufacturers and film processing industries. Based on end-users, the global fatty amides market has been segmented into Lubricants, Food & Beverages, Plastic, Textiles, Film and Sheets, Printing Inks, Rubber and Paper industries among others. Among the mentioned end-user industries, film and sheets, lubricants, plastic and printing ink industries are expected to promote high growth of global fatty amides market in 2017. Lubricants segment is expected to remain dominant in the near future expanding at a CAGR of more than 6.4% from 2018 to 2024. Other application segments are also expected to showcase significant growth thereby boost the demand for fatty amides over the forecast period from 2018 to 2024.