24-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Ethanolamines Market By Application (Gas Treatment, Surfactant, Cement, Herbicides, and Others) and By Compound (MEA, TEA, and DEA): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global ethanolamines market in 2019 was approximately USD 3.34 Billion. The market is expected to grow at a CAGR of 4.8% and is anticipated to reach around USD 4.65 Billion by 2026.
Ethanolamine is bifunctional and comprises of both a primary amine and primary alcohol. Ethanolamine is a colorless, viscous liquid that smells of ammonia and used in the manufacturing and distribution of emulsifying agents, detergents, varnishes and other intermediaries for the disbars and scrubbing solutions. This organic chemical compound is also popular as monoethanolamine and 2-aminoethanol.
Browse the full “Ethanolamines Market By Application (Gas Treatment, Surfactant, Cement, Herbicides, and Others) and By Compound (MEA, TEA, and DEA): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/ethanolamines-market-by-application-gas-treatment-surfactant-cement-905
The growing population is driving the demand for the ethanolamines market. Moreover, rising demand for agrochemicals especially in emerging nations such as India, sub-Saharan, Israel, and China to drive the overall sales of ethanolamines. Furthermore, growing infrastructural activities in the Asia Pacific and significantly potential demand for processing natural gas are anticipated to propel the demand for ethanolamines. However, the volatile prices of the raw material of ethanolamines such as 3-Ethylene Oxide.
The global ethanolamines market can be segmented based on the component and application. Based on components, the global ethanolamines market has been classified into monoethanolamine (MEA), and diethanoamine (DEA) and triethanolamine (TEA). The application segment has been further bifurcated into gas treatment, surfactant, cement, and herbicides among others. Rising usage of components in herbicides especially is fueling the demand for the ethanolamines. Moreover, the rise in the production of liquid soaps, bath foams and shampoos in the personal care industry owing to the rise in per capita income has raised the demand for Surfactant. Thereby, growing surfactant application is boosting the sales of ethanolamines in recent years. Moreover, rising construction activities are raising the demand for cement material and to produce cement, ethanolamines are in demand. Hence, certain factors are driving the global ethanolamines market over the years and it has been also expected to register high growth over projected years.
On the basis of geography, the global ethanolamines market has been segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America holds the largest market share in the global market owing to the growing demand from end-use industries such as detergent, herbicides, and personal care. China also accounted for the major market share owing to the rapid development and innovation of new applications. The developing regions including the Middle East & Africa and the Asia Pacific are anticipated to register the highest market growth in future years due to the high demand for agrochemicals and herbicides. Further, the majorly considered regions are analyzed into major countries in this research report are the U.S., Germany, UK, Mexico, Canada, China, India, Egypt, South Korea, Japan, Brazil, UAE, South Africa, and France among others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3.34 Billion |
Projected Market Size in 2026 |
USD 4.65 Billion |
CAGR Growth Rate |
4.8% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Dow Chemical Corporation, Huntsman Corporation, BASF, CNPC, Thai Ethanolamines Co., Alkyl Amines Chemicals Ltd., INEOS Oxide Ltd., Daicel Chemical Industries, Celanese Corporation, Fushun Beifang Chemical Co. Ltd. and Akzo Nobel among others. |
Key Segment |
By Compound, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the prominent players operating in the ethanolamines market, but not restricted to include Dow Chemical Corporation, Huntsman Corporation, BASF, CNPC, Thai Ethanolamines Co., Alkyl Amines Chemicals Ltd., INEOS Oxide Ltd., Daicel Chemical Industries, Celanese Corporation, Fushun Beifang Chemical Co. Ltd. and Akzo Nobel among others.
This report segments the Ethanolamines market as follows:
Global Ethanolamines Market: By Application Segmentation Analysis
- Gas Treatment
- Surfactant
- Cement
- Herbicides
- Others
Global Ethanolamines Market: By Compound Segmentation Analysis
Global Ethanolamines Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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