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Fatty Acid Alkanolamides Market size was valued at USD 17.14 billion in 2022 and is expected to reach USD 25.20 billion by 2029, at a CAGR of 5.7% during the forecast period 2023-2029. Chemical compounds comprising a long-chin fatty acid and an amide group are known as Fatty Acid amides. These compounds are mostly utilised in the polymer sector as lubricants. Solid lubricants that are chemically and thermally stable have been discovered. The prices of fatty acid amides are heavily influenced by raw material price fluctuations. For example, erucic acid rapeseed (HEAR) oil is a critical raw material for erucamide, and it requires a two-year planning cycle to grow well. It is also exposed to vulnerable climate conditions as a result of this.
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The research extensively discusses factors impacting the growth of the Global Fatty Acid Alkanolamides Market, as well as technical breakthroughs. The study also examines the market's existing limitations, which are constraining expansion, as well as its potential implications.
The Fatty Acid Alkanolamides Market size was valued at USD 17.14 billion in 2022
The Fatty Acid Alkanolamides Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Europe is the fastest-growing for Fatty Acid Alkanolamides Market