Methyl Diethanolamine Market Size, Share & Industry Analysis, By Product Type (MDEA 95%, MDEA 97%, MDEA 99%, Others), By Application (Oil & Gas, Textile, Medical, Paints & Coatings, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Methyldiethanolamine is produced using methylamine and ethylene oxide ethoxylation. It is commonly used for the treatment of amine gas and for gas sweetening. Methyldiethanolamine reacts easily with hydrogen sulphide and carbon dioxide as a diluted solution, in order to eliminate hydrogen sulphide and carbon dioxide formed during the processing stage from natural gas and crude oil. It can be combined with water, benzene and alcohol. In the petrochemical industry, methyldiethanolamine is generally used to treat amine gas, also known as gas sweeter or acid gas removal, to remove hydrogen sulphide and carbon dioxide from fuels.
The rising demand for methyldiethanolamine in the oil & gas industry is likely to drive the market. The increasing adoption of natural gas is generally due to its economic benefits and energy efficiency. The enforcement of emissions regulations for air pollution by various government authorities is estimated to fuel the method of gas treatment for CO2 emissions. This in turn, is expected to drive the market for methyldiethanolamine in natural gas treatment for the absorption of CO2 and H2S gases. However, the growing adoption of alternatives is likely to hinder the demand for methyldiethanolamine.
Key Market Driver -
The rising demand from oil and gas industry is likely to drive the market growth.
Key Market Restraint -
Availability of alternatives is likely to restrict the market growth.
Market Segmentation:
Based on product type the market for methyl diethanolamine is further segmented into MDEA 95%, MDEA 97%, MDEA 99% and others. Based on application, the market for methyl diethanolamine is further segmented into oil & gas, textile, medical, paints & coatings and others. From a geographical standpoint, the market is categorized to North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global & regional players operating in the methyl diethanolamine market includes, Eastman Chemical Company, The Dow Chemical Company, BASF SE, Huntsman Corporation, Amines & Plasticizers Ltd., and INEOS, Jiangsu Taihu New Materials Holding Co. Ltd., Sichuan Institute of Fine Chemical Industry Research and Design, Sintez OKA Group of Companies, The Dow Chemical Company, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the methyl diethanolamine market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
Asia Pacific is projected to dominate the market for methyl diethanolamine. Increased demand for oil and gas in the emerging economies such as China, India are projected to have a positive impact on the market growth. Europe is the major exporter of Methyldiethanolamine, specifically to Asia Pacific and North America. Huntsman Corporation, Sintez Oka, Eastman Chemical Company, and Ashland are prominent producers of Methyldiethanolamine in Europe. It is reported that Europe is the world's second largest producer of chemicals, according to the European Chemical Industry Council. The increased demand for methyl diethanolamine in gas processing applications has driven the growth of the market in North America. It is mainly used for refining in the oil & gas industry, generally in natural gas processing plants and petrochemical plants. The Middle East and Africa are witnessing modest growth due to oil and gas exports across the globe. Latin America sees moderate growth owing to the government initiatives and political turmoils in the region.
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Segmentation
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Methyl Diethanolamine Industry Developments
- In March 2019, Amines & Plasticizers Ltd., a manufacturer of basic chemicals announced that it has undergone recent expansion of its manufacturing facility owing to the adequate demand for the speciality chemicals. This expansion was likely to fuel future growth of the companies petrochemical and oil refineries striving to develop new products to expand its current product range to meet customer requirements.
- Ongoing
- 2023
- 2019-2022
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