In the second half of 2024, the global monoethanolamine (MEA) market displayed mixed trends, shaped by regional differences in demand patterns, feedstock availability, and broader economic conditions. In North America, MEA prices remained relatively steady, supported by stable ethylene oxide costs and consistent demand from the gas treatment and personal care sectors. However, intermittent disruptions in supply chains due to extreme weather events slightly influenced market sentiment.
In Asia, increased production driven by higher ammonia availability and resumed industrial activity was tempered by weak downstream demand from the construction and textile sectors, which continued to face macroeconomic challenges and seasonal slowdowns. Europe experienced a bearish outlook as economic sluggishness and declining activity in construction led to softer MEA demand, despite adequate feedstock availability. Similarly, the Middle East and Africa region saw subdued market activity, with high inventory levels and limited downstream consumption exerting downward pressure on pricing trends. Globally, the MEA market remained resilient, supported by its diverse applications across industries, particularly in gas treatment and surfactants.