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Diethanolamides are the class of compounds that are synthesized from diethanolamines and carboxylic acids particularly fatty acids. They are generally used as foaming agent, and emulsifiers in cosmetics, personal care products and cleaning products like soaps, bathing gels and other. There are different types of diethanolamide like cocamide diethanolamide, lauraamide diethanolamide, lineloamide diethanolamide derived from coconut oil, lauric acid, and lineolic acid respectively.
There has been a significant increase in the demand for cosmetics due to the flourishing cinema and drama industry. Additionally, the awareness in people about their look, style and hygiene shall foster the demand for diethanolamide. The increasing demand from personal care industry for diethanolamide as a high wetting agent, stabilizer and foaming agent shall drive the market.
However, cocoamide diethanolamide is classified as a 2B carcinogen by International Agency Research on Cancer. This is expected to hinder the market growth.
Key Market Driver -
Increasing demand from cosmetics industry.
Key Market Restraint -
Based on the purity, the market is segmented into <99% and 99%. Based on application, the market is segmented into personal care, cosmetics, cleaning application, industrial application, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Diethanolamide market consists of global & regional players operating. Some of the key players in the market include Lubrizol, Colonial Chemical, Ele Corporation, Kao, Miwon Commercial, Kemei Chemical Ltd, Haijie Chemical Pvt. Ltd., AkzoNobel, Enaspol Co. Inc, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share attributed to the increasing demand for cosmetics and personal care products. Asia Pacific is estimated to be the fastest growing market due to the increasing demand from industrial and chemical sector for emulsifier and foaming agents. Europe is expected to make significant growth due to the substantial spending on hygiene and personal care. Latin America and Middle East and Africa are expected to show sluggish growth by the end of the forecast period.
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