Ethanolamines Market

Ethanolamines Market is valued at USD 3.80 Billion in 2021 and expected to reach USD 5.17 Billion by 2028 with the CAGR of 4.5% over the forecast period.  

The Detailed Market intelligence report on the Ethanolamines Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Ethanolamines Market place for the forecast 2022– 2028.

Scope of The Ethanolamines Market Report:

Rising requirement from end-use applications such as gas treatment and metal cleaning is predicted to power ethanolamines market development over the coming years.

Also dubbed as monoethanolamine or 2-aminoethanol, ethanolamine is an organic chemical element which is both primary alcohol (alcohol-containing hydroxyl group linked to carbon) and primary amine (organic elements in the functional groups that have a lone pair with a basic nitrogen atom). Ethanolamine is a colorless, corrosive, viscous, flammable, and toxic liquids material that is employed in dispersions and solutions to feedstock material in the production of detergents, scrub acids, varnishes & polishes, emulsification agents, and other chemical intermediaries. It serves as a weak base compound (chemical base in an aqueous solution that does not fully ionize). It is the second-most-plentiful head group materials for phospholipids. Ethanolamine is also employed in palmitoylethanolamide, the type of messenger molecules. Ethanolamine is also dubbed as a class of antihistamines comprising clemastine, carbinoxamine, diphenhydramine, dimenhydrinate, and doxylamine. In 2012, over 33% of ethanolamines were employed in the production of surfactants.

By organic compound in the ethanolamine, global ethanolamine market can be divided into diethanolamine (DEA), monoethanolamine (MEA), and triethanolamine (TEA). By application, ethanolamine market can be segmented into personal care industry, herbicides, detergents, textiles, gas treatment, agrochemicals, wood preservatives, and metal cleaning. Herbicides are predicted to lead the usage of ethanolamines in the coming period after personal care, detergents, and metal cleaning. Other primary applications of ethanolamine are in the sector of corrosion inhibitors for metal protection and construction chemicals. A bulk of ethanolamine compound is employed in the production of surfactants, which is predicted to lead the global market in the coming period.

Development Of New Applications Such As Agrochemicals Production And Wood Preservation Is Predicted To Power Market Growth

Increasing per capita disposable revenue coupled with general awareness amongst users is predicted to positively impact the personal care sector in developing nations of Latin America and Asia Pacific. Ethanolamines are used widely in personal care sector for production bath foams, liquid soaps, and shampoos.

Development of new applications such as agrochemicals production and wood preservation is predicted to offer growth avenues for the ethanolamines sector players. Increasing agrochemicals manufacturing in Asia Pacific is predicted to complement market development over the coming period. Rising requirement from end-use applications such as gas treatment and metal cleaning is predicted to power ethanolamines market development over the coming years. Gas treatment applications are predicted to develop significantly over the coming period.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 3.80 Million
Base year considered	2021
Forecast Period CAGR %:	4.5%
Market Size Expected in 2028:	USD 5.17 Million
Tables, Charts & Figures:	175
Pages	196
Artificial Tendons And Ligaments Companies	Huntsman Corporation, INEOS Oxide Ltd, Thai Ethanolamines Co., Ltd, China Petroleum & Chemical Corporation, Akzo Nobel, Sinopec Shanghai Gao Qiao, Petrochemical Corporation, Alkyl Amines Chemicals Ltd., Shijiazhuang Haisen Chemical Co., Ltd, Daicel Chemical industries Ltd., Air Products and, Chemicals Inc., Celanese Corporation.
Segments Covered	By Product Type, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

North America Is Predicted To Maintain Its Supremacy For Ethanolamines Substances After Asia Pacific And Europe In The Coming Period

North America has the biggest share of market for ethanolamines substances, after Asia Pacific and Europe. China and the US are the biggest users of ethanolamine substance all over world and are predicted to power the market in the coming period. North America is predicted to maintain its supremacy in the coming period; Europe is predicted to show average development. On the other hand, Asia Pacific is predicted to observe highest development in the coming period due to the rising domestic requirement from the end-user sectors in the developing nations such as China and India. Europe is predicted to show moderate development rate over the coming years owing to market saturation in end-use sectors.

Global Ethanolamines Market Segmentation:

By Product Type

• Monoethanolamine (MEA)
• Diethanolamine (DEA)
• Triethanolamine (TEA)

By End-User

• Agriculture
• Construction
• Personal Care
• Oil and Gas
• Metallurgy and Metalworking
• Textile, Chemical
• Other

Ethanolamines Market Key Players

The major players included in the global ethanolamines market forecast are, 

• Huntsman Corporation
• INEOS Oxide Ltd
• Thai Ethanolamines Co., Ltd
• China Petroleum & Chemical Corporation
• Akzo Nobel
• Sinopec Shanghai Gao Qiao Petrochemical Corporation
• Alkyl Amines Chemicals Ltd.
• Shijiazhuang Haisen Chemical Co., Ltd
• Daicel Chemical industries Ltd.
• Air Products and Chemicals Inc.
• Celanese Corporation.

On Special Requirement Ethanolamines Market Report is also available for the below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits for Global Ethanolamines Market Report–

• Global Ethanolamines Market report covers in depth historical and forecast analysis.
• Global Ethanolamines Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Ethanolamines market report helps to identify opportunities in market place.
• Global Ethanolamines market report covers extensive analysis of emerging trends and competitive landscape.