Ethanolamine Market Size, Share & Industry Analysis, By Type (Monoethanolamine, Diethanolamine, Triethanolamine), By Application (Detergents, Chemical Intermediates, Metal Cleaning, Cement, Gas Treatment, Metal Cleaning, Textiles, Construction, Pharmaceuticals, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Ethanolamine also known as 2-aminoethanol or monoethanolamine and abbreviated as ETA or MEA is a bifunctional organic chemical compound. It contains a primary alcohol and primary amine. It is a colorless, viscous liquid odor like reminiscent of ammonia. It is precursor for various natural as well as synthetic chemicals like lipids and N-acylethanolamine (NAE) which modulate several plants and animal physiological processes like seed germination, chloroplast development, plant-pathogen interaction and others.
Increasing demand from various end-use industries like paints & coatings, cosmetics, chemicals, textiles, construction, metalworking, pharmaceuticals, printing inks, personal care and oil & gas is expected to fuel market growth. The increasing application areas of ethanolamine in wood preservation, agrochemical production, and other niche applications is anticipated to create positive impact on market.
However, stringent regulation regarding the use of DEA in personal care and cosmetics is expected to hinder market growth. The European Commission has banned use of DEA in cosmetics to reduce the contamination from carcinogens.
Key Market Driver -
Increasing demand for various end-use industries.
Key Market Restraint -
Stringent regulations imposed by government.
Market Segmentation:
Based on type, the global ethanolamine market is segmented into monoethanolamines, diethanolamine, and triethanolamine. Based on application, is segmented into detergents, chemical intermediates, metal cleaning, cement, gas treatment, metal cleaning, textiles, construction, pharmaceuticals, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global Ethanolamine market consists of global & regional players operating. Some of the key players in the market include BASF, CNPC, Dow, Huntsman, INEOS, Akzo Nobel, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Ethanolamine Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
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The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for largest share in market. U.S is the largest consumer for Ethanolamine and is likely to maintain this trend during the forecast period. Asia Pacific is estimated to witness substantial growth attributed to increasing domestic demand from end-use sectors. Europe is expected to witness considerable growth attributed to increasing demand from construction and pharmaceutical industries. Latin America and Middle East & Africa is likely to expand at sluggish growth rate by the end of forecast period.
Segmentation
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Ethanolamine Industry Developments
- In May 2017, AkzoNobel’s ethanolamine and ethyleneamine operations at Stenungsund, Sweden with nameplate manufacturing capacity of 1000000 tons/year were back online followed by planned maintenance. The operations were restarted in April of the same year.
- Ongoing
- 2023
- 2019-2022
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