United States Fatty Amides Market Report

United States Fatty Amides Market Report, By Type (Erucamide, Behenamide, Stearamide, & Oleamide), Product Form (Bead, Powder and Pastilles), Function (Slip Agent, Dispersant, Lubricant, Anti-Block Agent, Release Agent) and End-Users- United States Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11441 | Publish Date : August 2022 | Industry : Chemicals_Materials | Geography : Country


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.

11441-united-states-fatty-amides-market-report

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 

  • Bead
  • Powder
  • Pastilles

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.

United States Fatty Amides Market Summery  

The United States Fatty Amides market comprises of different market segment like type, product form, function and end-user. The major types of fatty amides are Erucamide, Behenamide, Stearamide, and Oleamide. The Erucamide segment is expected to dominate the market over the forecast period. Fatty amides are present in market in bread powder form. The bead segment is anticipated to lead the market. On the basis of function fatty amides are divided into lubricants, anti-block agents, release agents, slip agents, dispersants and others. The slip Agent segment is expected to dominate the market over the forecast period. The fatty amides found major end users in film processing, ink, rubber, injection molding and others. The film processing segment is anticipated to lead the market, gaining the majority of the market share in 2021. 

SCOPE OF THE REPORT:

Market Sizing for Year:
2021-2028
Base Year:
2021
Forecast Period:
2022-2028
Value:
USD million
Market Segment studied:

Type

Product Form

Function

End Users
Market Players and its Competitors:

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

FREQUENTLY ASKED QUESTIONS

What are challenges faced by the Fatty Amide Market?

The available of substitutes of fatty amide in plastics, paints and coating industries such as silicone based compounds is major challenge for fatty amides market.

Which is the leading product segment for Fatty Amide market?

Bead has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.

Which end user is gaining majority of market share during the forecast period (2022-2028)?

Film Processing is expected to gain major market share during the forecast period (2022-2028).