MARKET OVERVIEW- UNITED STATES FATTY AMIDES MARKET
Fatty amides are monocarboxylic acids that are derived from fatty acids. They are the product of the reacting between fatty acids and an amine. 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 provide a range of benefits and value-added properties. 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 amides are broadly used in the manufacturing of inks and dyes in the United States fatty amides market. Furthermore, they have applications in a wide range of end-uses, including hair care, fabric softening, hand soaps, detergents, agricultural adjuvants, and functionalized monomers.
MARKET DRIVERS
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. Also, the growing demand for plastic in the region due to the flourishing end-user industry is expected to fuel the market growth. The fatty amides market is witnessing considerable growth due to growing demand for environmentally friendly products over petroleum-based ones. Furthermore, Plastic has become an important material that is used in all walks of life, from electronic products, textiles, automobiles and construction. All these factors are propelling the fatty amides market growth in United States.
MARKET OPPORTUNITIES
The growing demand for slip additives for health care for offering better seal strength to plastic packaging products is expected to create a lucrative opportunity for the fatty amides market. Furthermore, the growing demand for erucamide-based slip additives from packaging consumer goods is owing to their high slip performance.
MARKET RESTRAINT
Volatile processes of raw materials are restraining the growth of the United States fatty amides market. Fluctuation in the price of raw materials will affect the product price for the manufacturer.
MARKET GROWTH CHALLENGE
The availability of substitutes for fatty amides in plastics, paints and coating industries such as silicone-based compounds is a major challenge for the fatty amides market. Adding to that, the Covid-19 pandemic hampered the growth of the market to a major extent, which has created a major challenge for market growth. The chemical and material sector has been noticing the adverse effects of the COVID-19 outbreak.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of the United States fatty amides market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. Increasing demand for polyolefin films from food and beverages industries which will fuel the growth of the fatty amides market. It is expected to witness a growth at a specific CAGR from 2022-2028.
UNITED STATES FATTY AMIDES MARKET SEGMENTAL OVERVIEW
The United States Fatty Amides market comprises of different market segment like type, product form, function and end-user.
UNITED STATES FATTY AMIDES MARKET BY TYPE
By type, the United States Fatty Amides includes key segment of
- Erucamide
- Behenamide
- Stearamide
- Oleamide
The Erucamide segment is expected to dominate the market over the forecast period. The fatty acid mixture obtained from rapeseed is purified to contain a high percentage of erucic acid. Rising adoption of erucamide products in the printing and dying industry as dispersants and increasing demand for erucamide from the food and packaging industry are some major factors driving the growth of the erucamide segment in United States.
UNITED STATES FATTY AMIDES MARKET BY PRODUCT FORM
By product form, the United States Fatty Amides includes key segment of
The bead segment is anticipated to lead the market, gaining the majority of the market share in 2021 and is expected to maintain its dominance over the estimated time period. Beads are mainly used in thermoplastics to improve their properties such as lubricity, anti-blocking and mold release. Oleamide and behenamide are available in beads. Oleamide beads are used as a lubricant and they are used as a slip agent and corrosion inhibitor. Moreover, behenamide is also available in bead form and it adds anti-blocking properties to polymers.
UNITED STATES FATTY AMIDES MARKET BY FUNCTION
By function, the fatty amides include key segment of
- Slip Agent
- Dispersant
- Lubricant
- Anti-block Agent
- Release Agent
The slip agent segment is expected to dominate the market over the forecast period. The fatty amides are attributed to the outstanding performance and reduction in friction provided by fatty amides-based slip additives. The fatty amides are available at a lower cost than waxes and silicone-based additives. Furthermore, increasing consumption of packaged goods is expected to drive the packaging industry, which ultimately supporting the growth of the slip additive market. The demand for ready-to-eat food, convenience food and processed & semi-processed food is growing in the region.
UNITED STATES AMIDES MARKET BY END-USERS
By end-user, the fatty amides include key segment of
- Film Processing
- Injection Molding
- Ink
- Rubber
The film processing segment is anticipated to lead the market, gaining the majority of the market share in 2021, and is expected to maintain its dominance over the estimated time period. Fatty amides are used in combination with erucamide as an anti-blocking agent in polyolefin film processing. Furthermore, fatty amides have strong demand in the plastic industry for its use as a superior additive and processing aid.
COVID-19 Impact Analysis on United States Fatty Amides Market
COVID-19 is an incomparable United States public health emergency that has affected almost every industry, and the long-term effects are projected to impact industry growth during the forecast period. In addition, complete analysis of changes in the United States Fatty Amides market expenditure, economic and international policies on the supply and demand side. The report also studies the impact of the pandemic on United States economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Furthermore, with the arrival of COVID-19, manufacturers in the rainwater harvesting market are increasing the production of systems that filter out bacteria and chlorine. In addition, due to the effect of COVID-19, some of the players in the market have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees during this pandemic.
Competitive Landscape Analysis
The competitive landscape analysis of the fatty amides market is certainly based on the range of market players operating in the market, with an increasing demand for polyolefin films from food and beverage and packaging industries is expected to drive the market growth. Besides, a number of market players offer a wide range of products for different applications in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are
- BASF SE
- Croda international PLC
- ChemPoint
- Itlmatch chemicals SpA
- Koa Corporation
- Kuala Lumpur Kepong Berhad
- Nippon Fine Chemical con., Ltd
- PMC Biogenix, Inc
- Pukhraj Additives
RECENT DEVELOPMENT:
January 2021: ChemPoint announced partnership with allnex in Europe, the Middle East and Africa. This allnex chosen as partner for marketing sales and distribution of the UVEKOL glass laminating system.
October 2018: Chempoint expanded its relationship with PMC Biogenix to include distribution in Mexico. Services Chempoint manage order placement, fullfullment and technical support in Mexico for PMC’s Kemaamide, Armoslip, HYstrene, and Industrene branded products.
