FATTY AMIDES MARKET ANALYSIS

1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker     Fatty Amides Market 2017–2027  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 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 acids maintain the clarity of polyolefin film and           act as an anti-blocking agent. Nearly 70% of fatty amides are used in the film             processing industries. Oleamide and stearamide are majorly used by industries         such as paper, textiles, rubber, and ink.                                                                                                  The global ​fatty amides market is projected to surpass US$ 420 million by the             end of 2027, in terms of revenue, growing at CAGR of 6.2% during the forecast               period (2019 to 2027).                                   

2. Drivers  Expanding processed food and beverage industry especially in Asia Pacific         region is expected to augment the market growth of fatty amides. According to             the Hong Kong Trade Development Council, in 2018, Hong Kong’s total exports           of processed food and beverages increased by 1% to reach US$ 8.9 billion.           Mainland China was the largest market for Hong Kong’s processed food and           beverage exports, accounting for 41% of the total, followed by Vietnam on 20%.                                                                        Growing demand for plastic around the globe due to the booming end-user           industry is anticipated to stimulate market growth over the forecast period.           According to the report published by polymer database, for the period 2012 to             2017, the demand for plastic products increased steadily by about 3.7% per           year with a total world plastics production of about 300 tons in 2013. Therefore,             rising demand for plastic is anticipated to foster the market growth of fatty           amides.                                                                                         Regionally, Asia-pacific dominated the global fatty amides market in 2018,       reporting 36% market share in terms of revenue, followed by Europe and North             America and, respectively.                              Figure 1. Global Fatty Amides Market, Revenue Share (%), By Region, 2018     

3. Market Restraints  Developed regions such as North America and Europe together account for           major share in the global fatty amides market. However, these markets are             mature and therefore experiencing relatively slow growth. This factor is         projected to hinder the market growth of fatty acids over the forecast period.             Moreover, China, is another major market that is experiencing an economic           downturn. The aforementioned factors are projected to restrict the growth of         the global fatty amides market over the forecast timeframe.                                                                              The fluctuating price of raw material used for the production of fatty amides is             expected to affect the manufacturing process. High cost of production will add           up the cost of the product and this factor is expected to hinder the market                 growth of fatty amides. Therefore, fluctuating raw material prices is anticipated           to restrain the market growth of fatty amides over the forecast timeframe.                                                            Market Opportunities  The booming rubber industry around the globe is expected to offer potential           growth opportunities to the market of fatty amides. According to the report             published by Business Lines, the natural rubber consumption is projected at           1270,000 tons in 2019-20, supported by economic growth and higher import           duty and anti-dumping duty on tires and the consumption has increased from             111, 2210 tons in 2017-18 to 1211,940 tons in 2018-2019.                                                                Growing demand for slip additives from health care for offering better seal           strength to the plastic packaging product is anticipated to foster the market           growth of fatty amides over the forecast period. Moreover, the growing demand             for erucamide-based slip additives from packaging consumer goods due to         their high slip performance, better stability, and high-temperature performance           is anticipated to accelerate the market growth of fatty amides.                                                                  

4. Figure 2. Global Fatty Amides Market – Opportunity Analysis    Market Trends  The growing launch of novel and innovative slip additive for seal packaging is             expected to foster the market growth of fatty amides. For instance, in           September 2018, Dow Performance Silicones, a new silicone-based slip         additive for low-density polyethylene (LDPE) film that optimizes form-fill-seal         (FFS) packaging production. Such innovation in slip additive will favor market         growth over the forecast period.                                                                The rising number of partnerships among key players in order to enhance their           presence in the market is expected to foster the market growth of fatty amides.               For instance, in January 2020, Smiths High Performance and Burloak           Technologies, a leader in the additive manufacturing (AM) industry and a           division of Samuel, Son & Co., Limited, announced the exclusive agreement to             supply additive manufactured parts in metals and polymers to the worldwide           Formula 1 racing market.                                                                                       

5. Figure 3. Global Fatty Amides Market, Revenue Share (%), By Derivative, in  2018    On the basis of product type, in 2018, erucamide segment accounted the largest                 market share of 74% in terms of revenue, followed by oleamide and stearamide,               respectively.                        ​Figure 4. Global Fatty Amides Market – Value Chain Analysis   

6. Competitive Section  Key players active in the global fatty amides market are BASF SE, Monsanto               Company, E I du Pont de Nemours & Company, Bayer AG, The Dow Chemical                 Company, Syngenta AG, and Nufarm Limited                          1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst Reference https://www.coherentmarketinsights.com/market-insight/fatty-amides-market-3486 About Us: ​ Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. What we provide: •​ Customized Market Research Services •​ Industry Analysis Services •​ Business Consulting Services •​ Market Intelligence Services •​ Long term Engagement Model

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