The global fatty acid amides market is expected to grow at a fast pace in the near future owing to their usage as lubricants, especially in the polymer industry. Fortune Business Insights™ provided this information in an upcoming report, titled, “Fatty Acid Amides Market Size, Share & Industry Analysis, By Type (Stearamide, Behenamide, Erucamide, Oleamide, Others), By Form (Powder, Beads, Other), By Function (Gelling Agent, Dispersant, Lubricant (internal & External), Anti-Block agent), By Application (Injection molding, Films processing, Ink, Rubber, Others) Others and Regional Forecast, 2022-2029” The report further states that fatty acid amides possess numerous benefits. They are thermally and chemically stable and hence, are extensively used in several industries.
What are the market trends, dynamics, and growth drivers?
How will the market be affected owing to changing consumer behavior?
What are the major application areas of fatty acid amides?
Which companies would generate the largest revenue in the coming years?
Which region is set to lead the fatty acid amides market?
Drivers & Restraints-
Rising Usage as Internal & External Lubricants to Spur Growth
Fatty acid amides are experiencing high demand from the plastic industry worldwide as they are considered to be significant processing aids and superior additives. They are used as both external and internal lubricants. External lubricating application consists of the promotion of slip to resin surfaces. It helps in refining the fluidity of power materials. The internal lubricant application, on the other hand, includes the reduction of torque in resin and rubber processing. It is also used as an anti-blocking agent in film, ink, resin power, and pellets processing. These factors are set to drive the fatty acid amides market growth during the forthcoming years.
However, fatty acid amides have a large number of substitutes, such as silicone-based compounds. Such substitutes are widely adopted in coatings, paint, and plastics industries. In addition to this, fatty acid amides are proven to be harmful for aquatic animals if accumulated in the environment. It may obstruct the market growth.
Fortune Business Insights™ lists out the names of all the fatty acid amides producers operating in the global market. They are as follows:
Mitsubishi Chemical Corporation
PMC Group, Inc.
Croda International Plc
Kao Corporation (Kao Group)
Nippon Fine Chemical
Italmatch Chemicals S.p.A.
Others prominent companies
Asia Pacific to Dominate Owing to Rising Production & Consumption of Fatty Acid Amides
In terms of region, the market is segregated into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. Out of these, Asia Pacific is projected to dominate the market throughout the forthcoming years in terms of production and consumption. Developing countries, such as Malaysia, China, Japan, and India are considered to be the major manufacturers of fatty acid amides across the globe. North America would exhibit moderate growth backed by the slow growth of multiple end use industries.
Key Players Aim to Surge Production Capacity to Bolster Competition
The companies operating in the market are persistently engaging in strategies such as broadening of relationships with other companies, as well as increasing production capacity. These strategies would help them to gain a competitive edge in the market.
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