Ethanolamine Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

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.

Industry Definition and Segmentation

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).

North America Region is Driving the Growth of the Industry

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.

Best Procurement Practices

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.

Category Management Studies

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 Use of the Product in the Manufacturing of Various Products, Further Supporting the Procurement of Ethanolamine

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.

Key Industry Players Mentioned in the Ethanolamine Industry Report

• Dow Chemical Co
• Huntsman Corp
• Ineos Oxide
• BASF SE
• Akzo Nobel N.V.

Market Landscape

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.

Key Initiatives by Companies

• BASF and SINOPEC established a 50-50 joint venture in Nanjing, China, in August of 2021. The joint venture will aid in the expansion of propionic acid, propionic aldehyde, ethyleneamines, ethanolamines, and purified ethylene oxide manufacturing capacity.