Global Fatty Amides Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Fatty amides or fatty acid amides are solid type lubricant with a long chain fatty group. They are produced by reaction of ammonia and amines with fatty acids. Fatty amides can be segmented into types depending on the fatty acid used in its production such as Erucamide, Oleamide, Stearamide, Behenamide and others. Erucamide is used as slip agent for plastic & film processing due to its ability to reduce the friction of the film surface. Oleamide finds its application in the manufacture of films used for food packaging and can also be used as a dispersing agent in manufacturing of printing inks & dyes. Stearamide and behenamide are used in combination with erucamide as an anti-blocking agent in plastic & film processing. Fatty amides are also used in the production of rubber. Plastic and film production accounts for the major consumption of global fatty amides market.

Owing to variety of consumer goods manufactured in China and exported to other Asian and European countries, the demand for packaging material in China has seen major growth in past decade which has led the consumption of fatty amides. Asia-Pacific holds the major share in fatty amide market due to the demand in packaging sector followed by Western Europe and North America. Overall fatty amides market is expected to grow at CAGR of 3.5% in midterm to long-term forecast.