LONDON--Technavio has announced the top five leading vendors in their recent global fatty amines market report until 2021. This research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
The global fatty amines market is likely to witness a significant growth, owing to the burgeoning demand for fatty amines in agrochemicals, increasing adoption of fatty amines in asphalt additives, and flourishing water treatment chemicals industry. Also, the increasing application of fatty amines across various applications, such as water treatment, agrochemicals, oilfield chemicals, asphalt additives, anti-cracking, and others, such as fabric softener, personal care, and mining, will lead to the growth of the market.
Competitive vendor landscape
The global fatty amines market is dominated by global vendors, such as AkzoNobel, Evonik Industries, Global Amines, Lonza, and Solvay. These players have a vast geographical presence, with massive production facilities located globally. Sigma-Aldrich, Volant-Chem, CECA Arkema Group, Kao Corporation and Procter & Gamble are few other prominent players operating in the market. Nonetheless, there are a sizeable number of small regional vendors, with significant shares in the market.
Shabnam Kumari Singh, an industry expert at Technavio for research on specialty chemicals, says, “Major players compete on the basis of innovations, quality, and price of the product. Few vendors capture the market due to their lower cost of products than their competitors. The financial, technological, and other resources of few suppliers are better when compared with their counterparts. These suppliers can withstand changes and adapt to different market conditions. Key vendors are focusing on R&D activities to discover new product applications to meet the increasing demand for fatty amines. New technologies are also being employed to manufacture amines.”
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Top five fatty amines market vendors
AkzoNobel was formed by merging two companies, Akzo and Nobel Industries. It is a manufacturer and supplier of specialty chemicals, paints, and performance coatings worldwide. The company serves customers from transportation, consumer goods, building and infrastructure and industrial sectors, including P&G, Shin-Etsu, Huntsman, Monsanto, BASF, Bayer, The Dow Chemicals Company, GE, Stora Enso, Unilever, Merlin, OB, B&Q, Leroy, Airbus, BP, Boeing, IKEA, Philips, Samsung, Shell, Toyota, Whirlpool, Bosch, Dell, and Ford.
Evonik Industries is a specialty chemicals company. The company has five primary business segments, including nutrition and care, resource efficiency, performance materials, services, and others. The company manufactures specialty chemical products in Greater China. It considers Greater China as one of the driving forces of the global economy and consequently focuses toward growth strategy for its business in the region.
Global Amines is a unison of Wilmar’s unified agricultural business model and strong position for plant-based oils and fats, coupled with Clariant’s technical expertise and established market presence for amine derivatives and amines. The company has access to amine derivatives in more than twelve Clariant production facilities globally. Global Amines is a fully integrated company throughout the value chain. The company holds expertise in renewable raw materials and certain amine derivatives.
Lonza offers its products to various industries, including pharmaceutical, specialty ingredient, and biotech markets. The company has nearly 50 manufacturing and R&D facilities. It operates through two business segments, namely specialty ingredients and pharma and biotech. The company offers six product and services, including bio research, pharma & biotech, water treatment, consumer care, agro ingredients, and coatings and composites.
Solvay offers advanced materials through its four major business segments, namely performance chemicals, advanced materials, business services, advanced formulations, functional polymers, and corporate. The company serves end markets, including automotive and aerospace, consumer goods and healthcare, electricity and electronics, energy and environment, building and construction, and industrial applications.
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