Ethanolamine Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Ethanolamine Market: By Type (Diethanolamine (DEA), Monoethanolamine (MEA) and Triethanolamine (TEA)), By Application (Cleaning, Cosmetics, Gas Treatment, Lubricants, Water Treatment and Others), By End User (Agrochemical, Chemical, Personal Care, Polyurethane, Rubber, Oil & Petrochemical and Others) and Geography

 

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Report

Description

Ethanolamines Market size is expected to grow at a CAGR of 4.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market and 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 so as 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.

Key Development:

In August 2021, SINOPEC and BASF SE extended their Verbund site in Nanjing, China, through a joint venture.

Ethanolamine Market

MARKET SUMMARY
-
4.3%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.3%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Ethanolamine Market

  • The report on global ethanolamines market gives historical, current and future market sizes (US$ Mn) on the basis of type, application, end user and region.
  • The ethanolamines market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • DOW
  • BASF
  • Ineos Oxides
  • Huntsman
  • Akzo Nobel
  • Nippon Shokubai
Ethanolamine Market Drivers

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 Got Significant Share

Ethanolamine Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The ethanolamines market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Ethanolamine Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

Novel applications emerging like the production of agrochemicals and wood preservation

Low production cost

Instable prices of raw material

In April 2022, because of trade disruptions and costly imported cargoes, triethanolamine prices in China showed a substantial increase of nearly 2.3 percent.


Report

Company Profile

  • 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

Description

Ethanolamines Market size is expected to grow at a CAGR of 4.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market and 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 so as 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.

Key Development:

In August 2021, SINOPEC and BASF SE extended their Verbund site in Nanjing, China, through a joint venture.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX