Oleylamine Market Analysis, By Form (Liquid, Powder), By Purity, By Application, By End Use, and by Region - Global Market Insights 2023 to 2033
Analysis of Oleylamine Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Oleylamine Market Outlook (2023 to 2033)
According to the recent analysis by Fact.MR, the global oleylamine market is estimated to be valued at US$ 125.5 Million in 2023 and is anticipated to grow at a CAGR of 3.8% to reach US$ 182.3 Million by the end of 2033.
Oleylamine is an organic compound that is evolving rapidly in various industries such as pharmaceutical, cosmetic, and chemical industries. Oleylamine is also used widely in the synthesis of pharmaceuticals, cosmetics, and chemical industries. Also, it has the potential to give therapeutic, biochemical, and psychological effects.
Oleylamine Market Size (2022A)
US$ 120.9 Million
Estimated Market Value (2023E)
US$ 125.5 Million
Forecasted Market Value (2033F)
US$ 182.3 Million
Global Market Growth Rate (2023-2033)
China Market Value (2023)
US$ 40.4 Million
US Market Growth Rate (2023-2033)
Key Companies Profiled
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Historic and Future Pathway Analysis for Oleylamine Market
Oleylamine, also known as oleylamine, is typically synthesized and used as a surfactant, emulsifier, and dispersant in many products. It can be used widely to give therapeutic, biochemical, and psychological effects that include a reduction in toxicity of drugs, risk of stroke, growth of cancer cells, and risk of cardiovascular disease. It possesses anti-inflammatory, anti-fungal, and anti-bacterial properties which extend its application across various industries.
It also acts as an antioxidant which drives the demand for consumer durables and other products. All of these could be the driving factor for the projected demand for oleylamine.
- Short Term (2023-2026): Rising building and infrastructural development across the world will have a robust impact on demand for oleylamine with increasing demand for paints and coating.
- Medium Term (2026-2029): Growing cancer, cardiovascular disease, and stroke are anticipated to increase demand for oleylamine by the pharmaceutical industry.
- Long Term (2029-2033): With increasing sustainability practices adopted by various industries, there may be a robust shift in the use of bio-based oleylamine chemicals promoting overall market growth.
Based on the above-mentioned facts, oleylamine market is forecasted to grow at a CAGR of 3.8% during the period from 2023-2033, as per the Fact.MR, a market research and competitive intelligence provider.
An overview of the market share analysis of oleylamine based on region and purity grade is mentioned in the above image. Under the purity grade segment, >98% is expected to dominate with a CAGR of 3.9% in the forecast period 2023-2033, that is approx. US$ 108.0 Million in the forecast period 2023-2033.
Market Dynamics Outlook
“Wide Range of Applications in Different End Use Industry Drive Demand”
Oleylamine acts as a formulation agent in the pharmaceutical and agrochemicals industry. Its surfactant property makes it useful in the formulation of personal care products such as shampoos, lotions, etc. All of these applications drive continuous demand for oleylamine which positively impacts the market growth.
In industries such as oil and gas, oleylamine acts as a corrosion inhibitor, used for protecting equipment and infrastructure from degradation. Also, it acts as a dispersing agent (to achieve a uniform and vibrant color distribution) in pigments and dyes formulation that is widely used in the textile and dye industry. All of these factors contribute to driving the demand for oleylamine globally.
“Use in Nanotechnology for the Synthesis of Nanomaterials, Contributing to its Growing Demand”
Oleylamine act as a stabilizing agent during the formation of nanoparticles. Its use in preventing nanoparticles from aggregating together makes its diverse usage in various industries such as electronics, catalysis, etc. It helps in modification of the surface of nanoparticles, which enables its specialized applications across the globe.
Expanding global market for nanotechnology products, driven by advancements in materials science, medicines, etc. is increasing the demand for oleylamine to enable these innovations. It also has the potential to be used in energy storage and conversion devices like batteries, solar cells, etc. further projected to be a contributing factor to its global demand.
“Regulatory Challenge Hampering the Demand for Oleylamine Market”
Several regulatory challenges could hamper the demand for oleylamine globally. These challenges include environmental regulations, health and safety regulations, toxicity and risk assessments for chemicals, trade barriers, consumer product restrictions, etc.
Stricter regulations could limit the use of oleylamine in its various applications due to its environmental risks, hazardousness and its negative impact on human health. These above-mentioned factors are anticipated to hamper the oleylamine market growth in the upcoming period.
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What are the Factors Driving Oleylamine Demand Across the US?
Rapid technological advancements and the growing increasing use of nanotechnology in the management of companies and enterprises are the main factors driving oleylamine demand in the U.S, as management of companies and enterprises is a major growing industry in the majority of U.S. states.
Growth of the solar power industry and renewable energy sector in the US is indirectly expected to drive oleylamine demand in the U.S, since it acts as a precursor in solar cell manufacturing, also with growing demand for personal care products would contribute to a great extent to drive the demand around the country.
Its unique property of being stable, non-toxic, and easily synthesizable is driving its demand in the US, which can be estimated to be valued at US$ 34.8 Million at the end of the forecast period.
What are the Factors Driving Oleylamine Demand across China?
China's manufacturing industry including sectors like agrochemicals, pharmaceuticals having substantial growth in recent years, also its move toward a focus on specialty chemicals. This serves as an opportunity for international players to tap into oleylamine market.
Growing automobile manufacturing industry could contribute significantly to the increasing demand for oleylamine in China’s market, due to the increasing production of specialty coatings and paints, lubricants, and additives, etc. Also, changes in regulations and policies related to the chemical industry have influenced the chemical industry in China.
Increasing use of nanotechnology and nanomaterials in China is also the key factor driving demand for oleylamine, which supports the estimated CAGR growth rate of 4.7% for the projected period.
Why Does Surfactant Application Have a Major Share in The Oleylamine Market?
Oleylamine is a type of surfactant that has a major share in the global market because of its versatility. It acts as a great solubilizer and stabilizer in formulations. As a surfactant it is also used for the synthesis, and production of nanoparticles, such as nanowires, where it controls their size and shape, with the help of their unique features like stability, solubility, non-toxicity, etc.
Its widespread use as a surfactant in multiple industries like pharmaceuticals, biochemical, electronic, etc., contributes to its dominance in the global market and is expected to grow at a CAGR of 3.7% in the projected period.
Why Does a Purity Grade of ≥98% Dominating Oleylamine Market?
Oleylamine with a purity of more than or equal to 98% ensures its consistent quality and performance, which also meets stringent regulatory requirements in its various applications in industries such as cosmetics, agrochemicals, pharmaceuticals, nanotechnology, etc. Less purity grade impacts the product performance by causing impurities and affecting its demand negatively in the global market.
With industries shifting towards more advanced and specialized applications, the demand for high-purity grade oleylamine is increasing.
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Prominent Player’s Key Stratagems
Eminent oleylamine manufacturers are Prasol Chemicals, Otto Chemicals Pvt Ltd, Simagchem, TNJ Chemicals Co. Ltd, Shaanxi Dideu Medichem Co. Ltd, Ataman Chemicals, Sichuan Tianyu Oleochemical Co., Ltd, Chem Synergy, Avantor, Silver fern Chemicals Inc., Kao Global Chemicals, etc.
Prominent oleylamine producers are investing in marketing and branding efforts to raise awareness about the applications of oleylamine and differentiate themselves from competitors to stand out and get recognized among their consumers. By pursuing these growth strategies, market players aim to foster sustainable growth, gain a competitive edge, and meet the evolving demands of the community, served by the chemical industry at large.
Fact.MR has provided detailed information about the price points of key manufacturers of diving helmets positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report
Segmentation of Oleylamine Industry Research
By Form :
By Purity Grade :
By Application :
- Synthesis of Pharmaceutical Formulation
- Additives in fuel
- Anti-caking agent in fertilizers
- Corrosion Inhibitor
By End Use :
- Pharmaceutical Industry
- Chemical Industry
- Paints & Coatings industry
- Petrochemicals Industry
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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The Global Oleylamine Market Size Reported by Fact.MR for 2022 was valued at US$ 120.9 Million.
Prominent players in the market are Prasol Chemicals, Otto Chemicals Pvt Ltd, Simagchem, TNJ Chemicals Co. Ltd, Shaanxi Dideu Medichem Co. Ltd, Ataman Chemicals, Sichuan Tianyu Oleochemical Co., Ltd, Chem Synergy.
The market is expected to reach a valuation of US$ 182.3 Million in 2033.
The historic growth rate of the oleylamine market was 4.3% from 2018-2022.
Surfactant is the top application of oleylamine which is expected to grow at a CAGR of 3.7% from 2023-2023.
?98%, is projected to be mostly demanded with a CAGR of 3.9%, in the forecast period from 2023-2023.