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Ethanolamine Market

Ethanolamine Market Forecasts to 2028 – Global Analysis By Product Type (Diethanolamine (DEA), Monoethanolamine (MEA)), End User (Agriculture, Agrochemical, Cement, Chemical) and By Geography

4.2 (48 reviews)
Published: December 2021 ID: SMRC21227
4.2 (48 reviews)
Published: December 2021 ID: SMRC21227

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Ethanolamine Market is accounted for $2.84 billion in 2020 and is expected to reach $4.88 billion by 2028 growing at a CAGR of 7.0% during the forecast period. While the factors like growing demand for ethanolamines from corrosion inhibitors for metal protection and increasing demand from applications including glyphosate herbicides and corrosion inhibitors for metal protection are propelling the market growth. However, volatility in raw materials prices is hindering market growth.

Ethanolamine is a colorless, corrosive, flammable, viscous, and toxic liquids substance that is utilized in solutions and dispersions to scrub acids, feedstock material in the manufacture of detergents, emulsification agents, varnishes & polishes, and other chemical intermediaries. They are produced commercially by reacting ethylene oxide with ammonia.

Based on the end user, the metallurgy & metalworking segment is projected to dominate the market due to it is used for various applications, such as shipbuilding, construction, jewellery, automotive, and aerospace. Some of the commonly used metalworking machines include lathe, arc welder, mill, and computer numerical control (CNC) machines.

By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the largest consumption from countries, such as China and India. China is one of the fastest-growing economies, globally, and almost all the end-user industries are growing, owing to the rising population, living standards, and per-capita income.

Some of the key players profiled in the Ethanolamine Market include Akzo Nobel , Arak Petrochemical Company, BASF SE, DOW, Huntsman, Indorama Ventures Limited, Ineos Oxides, Jiahua, JLZX Chemical, KPX Green, LyondellBasell Industries N.V., Maoming Petro-Chemical Shihua, Mitsui Chemicals, Nippon Shokubai, Nouryon, Penta Manufacturer, SABIC, Sintez OKA Group of Companies, Xian Lin Chemical, and Yinyan Specialty Chemicals.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 2.84 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

7.0%

Predicted 2028 Value:

USD 4.88 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

243

Chapters Covered:

Product Type, Raw Material, End User and Region

Core Drivers and Opportunities:

  • Growing demand for ethanolamines from corrosion inhibitors for metal protection
  • Increasing demand for surfactants and other chemicals

Restraining Factors & Market Threats:

  • Volatility in raw materials prices


Product Types Covered:
• Diethanolamine (DEA)
• Monoethanolamine (MEA)
• Triethanolamine (TEA)

Raw Materials Covered:
• Ammonia
• 1-Ethylene Oxide
• 2-Ethylene Oxide
• 3-Ethylene Oxide

End Users Covered:
• Agriculture 
• Agrochemical 
• Cement 
• Chemical 
• Cleaning 
• Construction 
• Cosmetics 
• Detergents/Cleaners/Fabric Softeners 
• Ethyleneamines 
• Gas Purification 
• Gas Treatment 
• Herbicides 
• Lubricants 
• Metal Cleaning 
• Metallurgy and Metalworking 
• Oil and Gas 
• Pesticides 
• Petrochemical 
• Pharmaceuticals 
• Polyurethane 
• Printing Inks 
• Rubber 
• Surfactant in Personal Care 
• Textiles and Textile Additives 
• Water Treatment 
• Wood Preservatives 
• Absorbents 
• Corrosion Inhibitors 
• Solvents 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Ethanolamine Market is majorly driven by the increasing demand for surfactants and growing demand for ethanolamines from corrosion inhibitors for metal protection.

The metallurgy and metalworking segment is growing at the highest CAGR due to it being used for various applications, such as shipbuilding, construction, automotive, and aerospace.

North America dominated with a significant market share due to the growing demand for ethanolamine in cosmetics, surface-active chemicals, and emulsifiers.

Asia Pacific market is growing at the highest CAGR due to the increasing domestic demand from the end-user industries in developing countries such as India and China.

Key players in Ethanolamine Market include Akzo Nobel, Arak Petrochemical Company, BASF SE, DOW, Huntsman, Indorama Ventures Limited, Ineos Oxides, Jiahua, JLZX Chemical, KPX Green, LyondellBasell Industries N.V., Maoming Petro-Chemical Shihua, Mitsui Chemicals, Nippon Shokubai, Nouryon, Penta Manufacturer, SABIC, Sintez OKA Group of Companies, Xian Lin Chemical, and Yinyan Specialty Chemicals.

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