The global Ethanolamine market reached a volume of about 1.97 MMT in 2021. The industry is projected to grow at a CAGR of around 3.75% in the forecast period of 2022-2027 to reach a volume of about 2.39 MMT by 2027.
The global Ethanolamine industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The industry is being driven by the rising demand from end-use sectors such as textiles, chemicals, cosmetics & personal care, pharmaceuticals, and others. The key demand indicator is the highest category spender in the industry report by region—North America.
Ethanolamine or monoethanolamine is a kind of organic amine. It is a colourless, viscous liquid that has an ammonia-like odour. It is primarily utilised as a solvent in detergent production and gas purification. The Ethanolamine industry report comprises segments by application (Detergents & Personal Care, Pesticides, Gas Purification, Cement, Wood Preservation) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The rise in demand for ethanolamine across various end-user industries is driving the North American ethanolamine market. The usage of ethanolamine in personal care and cleaning products is on the rise; hence the market is likely to develop quickly. Furthermore, the surfactants industry's peak in North America is expected to increase the ethanolamine market in the region.
The main driver of export demand in North America is the increased need for ethanolamine in cosmetics, surface-active chemicals, and emulsifiers. The regional market's expansion will be aided by increased demand for glyphosate and gas purification in natural gas production. The United States can produce cost-effective ethanolamine due to lower ethylene prices in the United States compared to other countries, adding to the region's export demand.
The various applications of the product are propelling the industry. It is used in multiple industries, including shipbuilding, construction, jewellery, automobile, and aerospace. The market may be divided into monoethanolamine (MEA), diethanolamine (DEA), and triethanolamine based on the chemical ingredient in ethanolamine (TEA). Herbicides, personal care products, textiles, detergents, agrochemicals, gas treatment, metal cleaning, and wood preservatives are some of the applications for ethanolamine.
However, the increased weed resistance and diminishing demand for Glyphosate are hampering the market growth.
The global Ethanolamine industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Ethanolamine regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The reaction of ethylene oxide with aqueous ammonia yields monoethanolamine, diethanolamine, and triethanolamine. The stoichiometry of the reactants can be used to influence the product ratio. Decarboxylation of serine is used to make ethanolamine, the second-most prevalent head group for phospholipids, which are molecules present in biological membranes (especially those of prokaryotes); phosphatidylethanolamine is one example. It's also found in messenger peptides like palmitoylethanolamide, which binds to CB1 receptors.
The product is employed in various uses driving the industry's expansion. It is utilised in manufacturing metalworking fluids and as an antifreeze component in metalworking lubricants. The increased need for metal protection from applications such as glyphosate herbicides and corrosion inhibitors bolsters the market growth. In addition, lathes, arc welders, mills, and computer numerical control (CNC) machines are some of the most regularly used metalworking machinery. Automobile antifreeze solutions and aviation engine coolants both use triethanolamine as corrosion inhibitors. Ethanolamine is also used to eliminate acidic pollutants like hydrogen sulphide and carbon dioxide from gas streams. The cement industry uses ethanolamine to make cement grinding aids and performance enhancers, furthering the industry demand. It's used as an emulsifier in soaps and detergents and various other consumer and industrial applications. The majority of ethanolamine compound is used to make surfactants, which boosts sales. After detergents and personal care, pesticides are the other significant application industry for the product.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The global market is somewhat fragmented, with the top five companies accounting for almost half of all demand. To expand and boost market demand in the near future, the current industry strategy focuses on product expansions and R&D efforts. To take advantage of the vast range of uses for ethanolamines, key industry companies are striving to expand their capacity.
1. Executive Summary
2. Global Ethanolamine Market Snapshot
2.1. Ethanolamine Market Outlook
2.2. Ethanolamine Industry Analysis by Application
2.2.1. Detergents & Personal Care
2.2.3. Gas Purification
2.2.5. Wood Preservation
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
3. Impact of Recent Events
4. Ethanolamine Value Chain Analysis
5. Ethanolamine Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Ethanolamine Cost Structure
9. Ethanolamine Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Ethanolamine Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Dow Chemical Co
15.2. Huntsman Corp
15.3. Ineos Oxide
15.4. BASF SE
15.5. Akzo Nobel N.V.
The global Ethanolamine market size was valued at 1.97 MMT in 2021.
As per the application provided, the Detergents & Personal Care segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the product in the manufacturing of various products is one of the essential drivers of the Ethanolamine market growth.
BASF SE, Dow Chemical Company, INEOS Capital Limited, Huntsman International LLC, Nouryon, Saudi Kayan Petrochemical Co., and Nippon Shokubai Co., Ltd are leading companies in the market.
The North American region of the Ethanolamine industry holds a significant share in the market.
The global Ethanolamine market attained a volume of 1.97 MMT in 2021, driven by the rising demand for the component in the production of various goods. Its application in the manufacturing of cleaners and detergents is leading the market. Furthermore, the product's employment in a wide range of industries, including metal, automotive, etc., are augmenting the industry's expansion. The market is expected to witness further growth in 2022-2027, growing at a CAGR of 3.75%. The market is projected to reach a volume of 2.39 MMT by 2027. Some of the leading players in the industry are BASF SE, Dow Chemical Company, INEOS Capital Limited, Huntsman International LLC, Nouryon, Saudi Kayan Petrochemical Co., Nippon Shokubai Co., Ltd.
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