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Ethanolamines Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
The ethanolamines market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire ethanolamines market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the ethanolamines industry. The report analyzes and declares the historical and current trends analysis of the ethanolamines industry and subsequently recommends the projected trends anticipated to be observed in the ethanolamines market during the upcoming years.
Key Insights from Primary Research
- As per our primary respondents, the ethanolamines market is set to grow at a rate of around 5%.
- It was established through the primary interview that the ethanolamines market was valued at around USD 3.34 Billion in 2019.
- APAC will grow the global ethanolamines market over the forecast period as countries like China and India have strong domestic consumption-based growth.
- On the basis of the compound segment, the ‘TEA’ type dominates the ethanolamines market in 2019.
- As per primary research, the growing construction industry will raise the demand for ethanolamines products.
Key Recommendations from Analysts
- As per our analysts, the global ethanolamines market is expected to grow significantly over the forecast period.
- The strategic and competitive advantage provided by ‘Triethanolamine’ is anticipated to be the key factor driving this market globally.
- In recent years, our team of analysts has identified that growing construction activities worldwide have fueled the demand for ethanolamines.
- Our analyst has identified that a rising population has raised the personal care industry and thereby, it is increasing the production of surfactants.
- Overall, the global market has the potential to grow owing to its increasing industrialization in developing economies across the globe.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the ethanolamines industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the ethanolamines industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the ethanolamines market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the ethanolamines industry. The ethanolamines market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Ethanolamines sector. Key strategic developments in the ethanolamines market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the ethanolamines market are appropriately highlighted in the report.
Growing development across the globe has been anticipated to grow the ethanolamines market over the forecast period. The growing construction industry in developing economies including China, Saudi Arabia, India, UAE, and Brazil will register high growth over the next few years. Moreover, advancements in new applications such as agrochemical production and wood preservation will provide lucrative opportunities for the ethanolamines market. Furthermore, increased usage of personal products such as liquid soaps, shampoos, and conditioners among consumers has raised the production of surfactants and thereby increased the sales of ethanolamines in recent years. However, frequent changes in the prices of raw materials may limit the market growth.
The ethanolamines market research report delivers an acute valuation and taxonomy of the ethanolamines industry by practically splitting the market on the basis of different applications, compounds, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the ethanolamines industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Ethanolamines industry is provided for the leading economies of the world.
The ethanolamines market is segmented based on application and compound. On the basis of application segmentation, the market is classified into gas treatment, surfactant, cement, and herbicides, among others. In terms of compound segmentation, the market is bifurcated into MEA, TEA, and DEA.
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 essential 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.
- Akzo Nobel
The taxonomy of the ethanolamines industry by its scope and segmentation is as follows:
By Application Segmentation Analysis
- Gas Treatment
- Surfactant
- Cement
- Herbicides
- Others
By Compound Segmentation Analysis
- MEA
- TEA
- DEA
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- 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 the Middle East & Africa
Table of Content
Industry Major 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.
- Akzo Nobel
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