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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Ethanolamine Market: By Type, Monoethanolamine, and Triethanolamine ), By Application, By End User and Geography
Ethanolamine Market: By Type, Monoethanolamine, and Triethanolamine ), By Application, By End User and Geography
Ethanolamine Market size was valued at US$ 2.9 billion in 2023 and is expected to grow at a significant CAGR of 5.2% from 2024-2030. The global market provides a detailed overview of the market that can be segmented by application type, and by organic compound type. By application type, the Ethanolamines market growth has been segmented into Gas Treatment, Metal Cleaning, Wood Preservatives, Personal Care, Detergents, Textile, Herbicides, Industry, Agrochemicals, Detergent, Agrochemicals, and Others. The Gas Treatment segment is likely to be the largest and fastest-growing segment in terms of application type. Natural gas must be treated or sweetened before use. Water, carbon dioxide, and hydrogen sulfide must be removed. Gas sweetening methods are continually being enhanced in terms of efficacy and price. Recent research has fixated on absorption and adsorption methods, such as dry adsorption and wet absorption.
A single chemical solvent, such as diethanolamine (DEA) or monoethanolamide (MEA), or methyl diethanolamine (MDEA), is used in the process. Based on Organic compound type, the Ethanolamines market is segmented into Monoethanolamine (MEA), Diethanolamine (DEA), and Triethanolamine (TEA). Among these, the Diethanolamine (DEA) type segment is expected to have the fastest-growing market during the forecast period 2022-2028. Ethanolamines are also utilized in numerous personal care and cosmetics industries for the production of liquid soaps, bath foams, and shampoos. However, the usage of diethanolamines in cosmetics had barred by The European Commission to lower the pollution from carcinogenic nitrosamines. Also, many studies show the side effects of this chemical on the liver, and relations have been discovered to liver tumors in the past years. By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
4.3%Largest Market
Asia PacificFastest Growing Market
North America
The rising inclination of the population towards artistic appeal is anticipated to propel the market growth over the forecast years. Moreover, the growing demand for personal and cosmetic care products is burgeoning the market growth over the forecast years.
North America accounted for larger revenue share in global ethanolamine market with considerable CAGR. The growth in this region is due to growth in demand for ethanolamine across various end-user industries and growth of the surfactants industry. In addition, Asia Pacific held considerable market share during estimated period owing to low cost production specifically in India, industrial sector growth coupled with rising per capita income. Also, china and India are the major contributors for the growth of the market in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 2.9 billion |
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Market CAGR |
4.3% |
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By Type |
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By Application |
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By End-user |
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By Region |
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The ethanolamine market size was valued at US$ 2.9 billion in 2023.
The key segments covered in the ethanolamine market are technology, components, application, and end-users.
The Ethanolamine market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Ethanolamine market key players are DOW, BASF, Ineos Oxides, Huntsman, Akzo Nobel, Nippon Shokubai, Mitsui Chemicals, KPX Green, Arak Petrochemical Company, OUCC, Yinyan Specialty Chemicals, Jiahua, Xian Lin Chemical, Maoming Petro-Chemical Shihua, JLZX Chemical
| 1. Executive Summary |
| 2. Global Ethanolamine Market Introduction |
| 2.1.Global Ethanolamine Market - Taxonomy |
| 2.2.Global Ethanolamine Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Ethanolamine Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID-19 on Market |
| 4. Global Ethanolamine Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Ethanolamine Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Diethanolamine (DEA) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Monoethanolamine (MEA) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Monoethanolamine (MEA) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Ethanolamine Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Cleaning |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cleaning |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Gas Treatment |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Ethanolamine Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Agrochemical |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Chemical |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Personal Care |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Polyurethane |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Rubber |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Oil & Petrochemical |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8.Global Ethanolamine Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Ethanolamine Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Diethanolamine (DEA) |
| 9.1.2.Monoethanolamine (MEA) |
| 9.1.3.Monoethanolamine (MEA) |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Cleaning |
| 9.2.2.Cleaning |
| 9.2.3.Gas Treatment |
| 9.2.4.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Agrochemical |
| 9.3.2.Chemical |
| 9.3.3.Personal Care |
| 9.3.4.Polyurethane |
| 9.3.5.Rubber |
| 9.3.6.Oil & Petrochemical |
| 9.3.7.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Ethanolamine Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Diethanolamine (DEA) |
| 10.1.2.Monoethanolamine (MEA) |
| 10.1.3.Monoethanolamine (MEA) |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Cleaning |
| 10.2.2.Cleaning |
| 10.2.3.Gas Treatment |
| 10.2.4.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Agrochemical |
| 10.3.2.Chemical |
| 10.3.3.Personal Care |
| 10.3.4.Polyurethane |
| 10.3.5.Rubber |
| 10.3.6.Oil & Petrochemical |
| 10.3.7.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Ethanolamine Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Diethanolamine (DEA) |
| 11.1.2.Monoethanolamine (MEA) |
| 11.1.3.Monoethanolamine (MEA) |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Cleaning |
| 11.2.2.Cleaning |
| 11.2.3.Gas Treatment |
| 11.2.4.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Agrochemical |
| 11.3.2.Chemical |
| 11.3.3.Personal Care |
| 11.3.4.Polyurethane |
| 11.3.5.Rubber |
| 11.3.6.Oil & Petrochemical |
| 11.3.7.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Ethanolamine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Diethanolamine (DEA) |
| 12.1.2.Monoethanolamine (MEA) |
| 12.1.3.Monoethanolamine (MEA) |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Cleaning |
| 12.2.2.Cleaning |
| 12.2.3.Gas Treatment |
| 12.2.4.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Agrochemical |
| 12.3.2.Chemical |
| 12.3.3.Personal Care |
| 12.3.4.Polyurethane |
| 12.3.5.Rubber |
| 12.3.6.Oil & Petrochemical |
| 12.3.7.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Ethanolamine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Diethanolamine (DEA) |
| 13.1.2.Monoethanolamine (MEA) |
| 13.1.3.Monoethanolamine (MEA) |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Cleaning |
| 13.2.2.Cleaning |
| 13.2.3.Gas Treatment |
| 13.2.4.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Agrochemical |
| 13.3.2.Chemical |
| 13.3.3.Personal Care |
| 13.3.4.Polyurethane |
| 13.3.5.Rubber |
| 13.3.6.Oil & Petrochemical |
| 13.3.7.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.DOW |
| 14.2.2.BASF |
| 14.2.3.Ineos Oxides |
| 14.2.4.Huntsman |
| 14.2.5.Akzo Nobel |
| 14.2.6.Nippon Shokubai |
| 14.2.7.Mitsui Chemicals |
| 14.2.8.KPX Green |
| 14.2.9.Arak Petrochemical Company |
| 14.2.10.OUCC |
| 14.2.11.Yinyan Specialty Chemicals |
| 14.2.12.Jiahua |
| 14.2.13.Xian Lin Chemical |
| 14.2.14.Maoming Petro-Chemical Shihua |
| 14.2.15.JLZX Chemical |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.