Global Ethanolamines Market, By Raw Material (Ammonia, 1-Ethylene Oxide, 2-Ethylene Oxide, 3-Ethylene Oxide), Product Type (Monoethanolamines, Diethanolamines, Triethanolamines), Application (Cement, Gas Treating, Metalworking Fluids, Personal Care Products, Pharmaceuticals, Printing Inks, Construction Chemicals, Textiles, Herbicides, Ethyleneamines, Detergents/Cleaners/Fabric Softeners), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
The ethanolamines market is expected to witness market growth at a rate of 4.60% in the forecast period of 2022 to 2029. Data Bridge Market Research report on ethanolamines market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for the various applications is escalating the growth of ethanolamines market.
Ethanolamine, also called 2-aminoethanol or monoethanolamine refers to an organic chemical compound which is both primary amine and primary alcohol. The product is known to be corrosive, flammable, toxic, colorless and viscous that is used in solutions and dispersions for scrubbing acids, feedstock material in the manufacture of detergents, emulsification agents, and other chemical intermediaries.
The rapid industrialization across the globe acts as one of the major factors driving the growth of ethanolamines market. The rise in the usage of the product as feedstock for manufacturing detergents, polishes, and pharmaceuticals, and high demand from end-use industries such as herbicides, detergents, and textiles accelerate the market growth. The increase in the application scope such as construction chemicals and corrosion inhibitors for metal protection, and high preference towards the product in various industries as it acts as a weak base compound and is an essential head group for phospholipids further influence the market. Additionally, research and development activities, surge in investments, rise in per capita disposable income and general awareness among consumers positively affect the ethanolamines market. Furthermore, development of new applications such as wood preservation and agrochemicals production extends profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, volatile raw material prices are expected to obstruct the market growth. The stringent regulations are projected to challenge the ethanolamines market in the forecast period of 2022-2029.
This ethanolamines market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ethanolamines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ethanolamines Market Scope and Market Size
The ethanolamines market is segmented on the basis of raw material, product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of raw material, the ethanolamines market is segmented into ammonia, 1-ethylene oxide, 2-ethylene oxide, and 3-ethylene oxide.
- On the basis of product type, the ethanolamines market is segmented into monoethanolamines, diethanolamines and triethanolamines.
- On the basis of application, the ethanolamines market is segmented into cement, gas treating, metalworking fluids, personal care products, pharmaceuticals, printing inks, construction chemicals, textiles, herbicides, ethyleneamines and detergents/cleaners/fabric softeners.
Ethanolamines Market Country Level Analysis
The ethanolamines market is analyzed and market size, volume information is provided by country, raw material, product type and application as referenced above.
The countries covered in the global ethanolamines market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ethanolamines market due to the strong demand from end-use industries such as personal care, detergent, and herbicides within the region. Europe is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the increase in agrochemicals and herbicides consumption in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ethanolamines Market Share Analysis
The ethanolamines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ethanolamines market.
Some of the major players operating in the ethanolamines market report are BASF SE, Dowdupont, Akzo Nobel, INEOS Oxide Ltd., Fushun Beifang Chemical Co. Ltd., China Petroleum & Chemical Corporation, Thai Ethanolamines Co. Ltd., Sinopec Shanghai GaoQiao Petrochemical Corporation, Huntsman Corporation, Shijiazhuang Haisen Chemical Co. Ltd., Jiaxing Jinyan Chemical Co. Ltd., SABIC, Celanese Corporation, LyondellBasell, Invista, Daicel Chemical industries Ltd., Amines & Plasticizers ltd., BALAJI AMINES, Sintez OKA, Reliance Industries Limited, Advance Petrochemicals Ltd., and NIPPON SHOKUBAI CO., LTD., among others.