All updated as on -
During the projected period (2023-2030), the global ethanolamines market is expected to expand from USD 1.99 billion in 2022 to USD 3.19 billion by 2030, representing a CAGR of 6.3%.
Drivers
There is a growing market for sustainable and environmentally friendly goods.
Growing consumer interest in sustainable goods is fueling the global ethanolamines market. Because of their low toxicity and ability to reduce greenhouse gas emissions, ethanolamines are viewed as ecologically benign substances. Demand for ethanolamines as a greener option is rising as industries such as personal care, agriculture, and chemicals become more environmentally conscious.
Restraints
Raw material price volatility
Raw material price fluctuations are a major market inhibitor. Raw materials including ethylene oxide and ammonia are used in the synthesis of ethanolamines, and their prices can be affected by supply and demand dynamics as well as geopolitical events. Raw material price volatility can be problematic for ethanolamines manufacturers because it can impact both their production costs and their profits.
The production, distribution, and use of ethanolamines around the world constitute what is known as the Global Ethanolamines Market. Chemical, agricultural, personal care, textile, and pharmaceutical industries all make use of ethanolamines such monoethanolamine (MEA), diethanolamine (DEA), and triethanolamine (TEA). Growing demand for ethanolamines as a raw material in the manufacture of surfactants, detergents, and corrosion inhibitors, as well as their use as solvents and intermediates in a wide range of industrial processes, are all drivers pushing the market forward. In addition, a rise in the manufacture of gas treatment agents, herbicides, and other agricultural uses has resulted from a heightened understanding of the advantages of ethanolamines, such as their potential to minimize greenhouse gas emissions and their eco-friendly character. Innovations in technology have streamlined manufacturing processes, reduced costs, and raised quality standards, all of which have an impact on the market. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are all represented in the market, but the region of Asia-Pacific is expected to become the most lucrative in the near future as a result of China and India's and other developing economies' rapid industrialization and agricultural sector expansion, as well as their rapidly expanding populations. There is intense competition in the global market, and the leading companies are investing heavily in R&D, strategic alliances, and mergers and acquisitions to stay ahead of the pack. The rising need for ethanolamines across several sectors, as well as the ongoing improvements in production technology, are expected to fuel substantial growth for the market over the coming years.
Classification Based On
Monoethanolamine (MEA) is the most lucrative subsegment of the worldwide ethanolamines market. Among its many uses is in gas treatment, cosmetics, laundry detergents, and as a chemical intermediary. Its supremacy stems from its adaptability, strong demand in the manufacture of surfactants and corrosion inhibitors, and superior solvent characteristics. The ethanolamines market is dominated by MEA because of its widespread application across a variety of sectors and strong market presence.
However, Triethanolamine (TEA) is the most rapidly expanding portion of the global ethanolamines market. The expansion of TEA's uses as an emulsifier and pH adjuster in cosmetics and hair care products has contributed greatly to the compound's rapid rise in popularity. The demand for TEA has been fueled by the rising popularity of cosmetics and personal care products, as well as the increasing interest in green and natural products. Since TEA is also used as a softener in the textile sector and as a catalyst in the chemical industry, its popularity in the ethanolamines market is expanding rapidly.
Evaluation Through Use
When breaking down the global ethanolamines market by end use, the detergents sector is by far the largest. Due to their high surfactant quality, ethanolamines, especially monoethanolamine (MEA), are widely employed in the manufacturing of detergents. MEA is an essential component in many types of detergent because of its multifunctionality as a cleaning agent, emulsifier, and pH adjuster. Detergents are the most lucrative use of ethanolamines due to their widespread use in households, businesses, and factories.
When broken down by end use, the Herbicides subsegment of the Global Ethanolamines Market is the most rapidly expanding. Diethanolamine (DEA) and triethanolamine (TEA) are two types of ethanolamines used in herbicide production because of their efficiency as solvents and emulsifiers. Herbicides are in high demand due to the rising awareness of the importance of enhancing agricultural output and the requirement for effective weed control. Herbicides are a rapidly expanding part of the ethanolamines market, helped in no small part by the trend toward sustainable farming and the use of herbicide-resistant crop varieties.
Strategic Market Shifts
Make the switch to environmentally responsible manufacturing practices: Sustainable and environmentally friendly production methods are gaining importance in the Global Ethanolamines Market. More and more ethanolamines producers are embracing and investing in technology that lessen the industry's negative impact on the environment. The growing market for eco-friendly goods is the primary factor propelling this pattern. To fulfill the rising demand for environmentally friendly products and to connect with global sustainability goals, businesses are adopting cleaner and more sustainable production methods, such as employing renewable energy sources and decreasing emissions.
Report Coverage
Global Ethanolamines research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ethanolamines report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ethanolamines competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ethanolamines market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ethanolamines market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ethanolamines market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE (Germany), DowDuPont (US), Akzo Nobel (Netherlands), INEOS Oxide Ltd. (UK), Fushun Beifang Chemical Co. Ltd. (China), China Petroleum & Chemical Corporation (China), Thai Ethanolamines Co. Ltd. (Thailand), Sinopec Shanghai GaoQiao Petrochemical Corporation (China), Huntsman Corporation (US), Shijiazhuang Haisen Chemical Co. Ltd. (China), Jiaxing Jinyan Chemical Co. Ltd. (China), SABIC (Saudi Arabia), Celanese Corporation (US), LyondellBasell (Netherlands/US), Invista (US), Daicel Chemical Industries Ltd. (Japan), Amines & Plasticizers Ltd. (India), BALAJI AMINES (India), Sintez OKA (Russia), Reliance Industries Limited (India)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ethanolamines market based on the below-mentioned segments:
Global Ethanolamines Market, By Type
Monoethanolamine (MEA)
Diethanolamine (DEA)
Triethanolamine (TEA)
Global Ethanolamines market, By Application
Detergents
Chemical intermediates
herbicides and metal cleaning
herbicides
Global Ethanolamines market, Regional Analysis
Drivers
There is a growing market for sustainable and environmentally friendly goods.
Growing consumer interest in sustainable goods is fueling the global ethanolamines market. Because of their low toxicity and ability to reduce greenhouse gas emissions, ethanolamines are viewed as ecologically benign substances. Demand for ethanolamines as a greener option is rising as industries such as personal care, agriculture, and chemicals become more environmentally conscious.
Restraints
Raw material price volatility
Raw material price fluctuations are a major market inhibitor. Raw materials including ethylene oxide and ammonia are used in the synthesis of ethanolamines, and their prices can be affected by supply and demand dynamics as well as geopolitical events. Raw material price volatility can be problematic for ethanolamines manufacturers because it can impact both their production costs and their profits.
The production, distribution, and use of ethanolamines around the world constitute what is known as the Global Ethanolamines Market. Chemical, agricultural, personal care, textile, and pharmaceutical industries all make use of ethanolamines such monoethanolamine (MEA), diethanolamine (DEA), and triethanolamine (TEA). Growing demand for ethanolamines as a raw material in the manufacture of surfactants, detergents, and corrosion inhibitors, as well as their use as solvents and intermediates in a wide range of industrial processes, are all drivers pushing the market forward. In addition, a rise in the manufacture of gas treatment agents, herbicides, and other agricultural uses has resulted from a heightened understanding of the advantages of ethanolamines, such as their potential to minimize greenhouse gas emissions and their eco-friendly character. Innovations in technology have streamlined manufacturing processes, reduced costs, and raised quality standards, all of which have an impact on the market. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are all represented in the market, but the region of Asia-Pacific is expected to become the most lucrative in the near future as a result of China and India's and other developing economies' rapid industrialization and agricultural sector expansion, as well as their rapidly expanding populations. There is intense competition in the global market, and the leading companies are investing heavily in R&D, strategic alliances, and mergers and acquisitions to stay ahead of the pack. The rising need for ethanolamines across several sectors, as well as the ongoing improvements in production technology, are expected to fuel substantial growth for the market over the coming years.
Classification Based On
Monoethanolamine (MEA) is the most lucrative subsegment of the worldwide ethanolamines market. Among its many uses is in gas treatment, cosmetics, laundry detergents, and as a chemical intermediary. Its supremacy stems from its adaptability, strong demand in the manufacture of surfactants and corrosion inhibitors, and superior solvent characteristics. The ethanolamines market is dominated by MEA because of its widespread application across a variety of sectors and strong market presence.
However, Triethanolamine (TEA) is the most rapidly expanding portion of the global ethanolamines market. The expansion of TEA's uses as an emulsifier and pH adjuster in cosmetics and hair care products has contributed greatly to the compound's rapid rise in popularity. The demand for TEA has been fueled by the rising popularity of cosmetics and personal care products, as well as the increasing interest in green and natural products. Since TEA is also used as a softener in the textile sector and as a catalyst in the chemical industry, its popularity in the ethanolamines market is expanding rapidly.
Evaluation Through Use
When breaking down the global ethanolamines market by end use, the detergents sector is by far the largest. Due to their high surfactant quality, ethanolamines, especially monoethanolamine (MEA), are widely employed in the manufacturing of detergents. MEA is an essential component in many types of detergent because of its multifunctionality as a cleaning agent, emulsifier, and pH adjuster. Detergents are the most lucrative use of ethanolamines due to their widespread use in households, businesses, and factories.
When broken down by end use, the Herbicides subsegment of the Global Ethanolamines Market is the most rapidly expanding. Diethanolamine (DEA) and triethanolamine (TEA) are two types of ethanolamines used in herbicide production because of their efficiency as solvents and emulsifiers. Herbicides are in high demand due to the rising awareness of the importance of enhancing agricultural output and the requirement for effective weed control. Herbicides are a rapidly expanding part of the ethanolamines market, helped in no small part by the trend toward sustainable farming and the use of herbicide-resistant crop varieties.
Strategic Market Shifts
Make the switch to environmentally responsible manufacturing practices: Sustainable and environmentally friendly production methods are gaining importance in the Global Ethanolamines Market. More and more ethanolamines producers are embracing and investing in technology that lessen the industry's negative impact on the environment. The growing market for eco-friendly goods is the primary factor propelling this pattern. To fulfill the rising demand for environmentally friendly products and to connect with global sustainability goals, businesses are adopting cleaner and more sustainable production methods, such as employing renewable energy sources and decreasing emissions.
Report Coverage
Global Ethanolamines research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ethanolamines report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ethanolamines competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ethanolamines market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE (Germany), DowDuPont (US), Akzo Nobel (Netherlands), INEOS Oxide Ltd. (UK), Fushun Beifang Chemical Co. Ltd. (China), China Petroleum & Chemical Corporation (China), Thai Ethanolamines Co. Ltd. (Thailand), Sinopec Shanghai GaoQiao Petrochemical Corporation (China), Huntsman Corporation (US), Shijiazhuang Haisen Chemical Co. Ltd. (China), Jiaxing Jinyan Chemical Co. Ltd. (China), SABIC (Saudi Arabia), Celanese Corporation (US), LyondellBasell (Netherlands/US), Invista (US), Daicel Chemical Industries Ltd. (Japan), Amines & Plasticizers Ltd. (India), BALAJI AMINES (India), Sintez OKA (Russia), Reliance Industries Limited (India) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Ethanolamines Market from 2021 to 2030.
- Market Forecast for Ethanolamines Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Ethanolamines competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Ethanolamines
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ethanolamines market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ethanolamines market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE (Germany), DowDuPont (US), Akzo Nobel (Netherlands), INEOS Oxide Ltd. (UK), Fushun Beifang Chemical Co. Ltd. (China), China Petroleum & Chemical Corporation (China), Thai Ethanolamines Co. Ltd. (Thailand), Sinopec Shanghai GaoQiao Petrochemical Corporation (China), Huntsman Corporation (US), Shijiazhuang Haisen Chemical Co. Ltd. (China), Jiaxing Jinyan Chemical Co. Ltd. (China), SABIC (Saudi Arabia), Celanese Corporation (US), LyondellBasell (Netherlands/US), Invista (US), Daicel Chemical Industries Ltd. (Japan), Amines & Plasticizers Ltd. (India), BALAJI AMINES (India), Sintez OKA (Russia), Reliance Industries Limited (India)
Primary Target Market
- Market Players of Ethanolamines
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ethanolamines market based on the below-mentioned segments:
Global Ethanolamines Market, By Type
Monoethanolamine (MEA)
Diethanolamine (DEA)
Triethanolamine (TEA)
Global Ethanolamines market, By Application
Detergents
Chemical intermediates
herbicides and metal cleaning
herbicides
Global Ethanolamines market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive ethanolamines market market research and competitor analysis for your business to help you develop more profound insights into the ethanolamines market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the ethanolamines market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.