Monoethanolamine Market Size, Share, and Industry Analysis, By Grade (Pharmaceutical Grade, Industrial Grade, and Others), By Application (Detergents & Cleaners, Personal Care, Pharmaceuticals, Adhesives, and Others), and Regional Forecast till 2032

The monoethanolamine market holds significant importance across multiple industries, such as chemicals, personal care, textiles, and gas treatment, owing to its diverse applications. Monoethanolamine serves as a corrosion inhibitor, pH stabilizer, and key component in the manufacturing of detergents, emulsifiers, and pharmaceuticals. Moreover, monoethanolamine is extensively utilized in water treatment, agrochemicals, and cement manufacturing, reinforcing its necessity in both industrial and environmental applications. 

• India is one of the largest suppliers of vaccines and generic medicines. By 2030, the Indian pharma industry is going to reach USD 130 billion, creating an opportunity for the monoethanolamine sector as it is used in medicine production.  
• China is the world's largest producer and consumer of chemical products. In 2023, China exported USD 226 billion worth of chemical products.

Monoethanolamine Market Driver

Growing Demand in Oil & Gas Industry Driving Monoethanolamine Market

A key factor driving the monoethanolamine market is its widespread application in the oil and gas industry, particularly in gas sweetening processes. Monoethanolamine plays a crucial role in removing carbon dioxide and hydrogen sulfide from natural gas, ensuring compliance with environmental and safety standards. As global energy demand continues to rise, the expansion of oil and gas exploration and production is increasing the need for efficient gas treatment solutions. Additionally, the growth of liquefied natural gas production and the transition toward cleaner fuel alternatives are contributing to market expansion.

• Global exports of liquefied natural gas reached USD 224 billion in 2023, reflecting significant growth in the adoption of natural gas.

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The pie chart provided illustrates the distribution of liquefied natural gas exports among various countries. Australia dominates the market with the largest share at 20.7%, followed by the U.S. at 18.7%, and Qatar with 16.7%.

Monoethanolamine Market Restraint

Health and Environmental Concerns Limiting Adoption of Monoethanolamine

A significant challenge in the monoethanolamine market is its potential impact on health and the environment. Long-term exposure to monoethanolamine may result in skin irritation, respiratory problems, and eye damage, raising safety concerns for workers in industries where it is extensively used. Moreover, improper disposal of monoethanolamine can lead to water and soil contamination, posing environmental hazards.

• According to the tecq.gov report, monoethanolamine can be irritant to eyes and skin and can also lead to central nervous system effects, nasal irritation, or pulmonary edema.

Monoethanolamine Market Opportunity

The growing agriculture industry and the rising need for high-performance fertilizers and pesticides present a valuable opportunity for the monoethanolamine market. Monoethanolamine is an essential component in the production of herbicides, fungicides, and plant growth regulators, aiding in crop protection and improved yields. As the global population continues to increase, there is an increasing need for sustainable farming methods, leading to a higher demand for monoethanolamine-based agrochemicals.

• In 2023, France was the top exporter of fungicides with an exporting value of USD 1.52 billion, with a market share of 15.1%.

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Regions
• Key Developments: Mergers, Acquisitions, and Partnerships
• Latest Technological Advancements
• Insights on Sustainability
• Porter’s Five Forces Analysis
• Impact of COVID-19 on the Market

Analysis by Grade

By grade, the market is divided into pharmaceutical grade, industrial grade, and others.

Pharmaceutical-grade monoethanolamine is essential in the healthcare and pharmaceutical sectors due to its high purity and adherence to strict safety regulations. It is commonly utilized as a pH regulator and emulsifier in the formulation of medications, ointments, and topical treatments, ensuring their stability and effectiveness. Additionally, monoethanolamine enhances the solubility and absorption of active pharmaceutical ingredients in drug formulations, improving their therapeutic efficiency.

• In 2023, Germany was the top exporter of pharmaceutical products with an exporting value of USD 115 billion, with a market share of 13.5%.

Analysis by Application

By application, the market is divided into detergents & cleaners, personal care, pharmaceuticals, adhesives, and others.

Monoethanolamine is a vital ingredient in the detergents and cleaning sector, valued for its emulsifying, degreasing, and pH-regulating properties. It is extensively utilized in the production of liquid detergents, surface cleaners, dishwashing solutions, and industrial cleaning agents, effectively breaking down grease, dirt, and stains. Monoethanolamine also enhances the foaming action and solubility of cleaning products, ensuring superior cleaning efficiency. 

• In 2023, the U.S. was one of the largest exporters of cleaning products, with an exporting value of USD 4.40 billion with a market share of 9.83%.

Regional Analysis

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By region, the market is divided into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

The Asia Pacific region holds the largest share of the monoethanolamine market, fueled by rapid industrialization, expanding manufacturing activities, and rising demand across various sectors. Countries such as China, India, and South Korea are among the top consumers of monoethanolamine, utilizing it in oil & gas processing, personal care products, agriculture, textiles, and water treatment. The growing need for agrochemicals, detergents, and gas treatment solutions, coupled with increasing infrastructure and industrial investments, has further solidified the region’s market dominance.

• India's beauty and personal care industry is going to increase by approximately 25% with the value of USD 34.0 billion, resulting in significant demand for monoethanolamine market, as it is used in the personal care industry.

North America ranks as the second-largest region in the monoethanolamine market, driven by its strong industrial infrastructure, advanced manufacturing capabilities, and high demand across diverse sectors. The U.S. and Canada are major consumers, utilizing monoethanolamine in oil & gas refining, pharmaceuticals, personal care products, water treatment, and agriculture. The region’s booming energy sector, particularly in natural gas processing, plays a crucial role in driving monoethanolamine consumption.

• In 2023, the S. was the largest producer of crude oil 2023. The U.S. produced an average of 12.9 million barrels of crude oil per day.

Key Players Covered

The global monoethanolamine market is fragmented with the presence of a large number of group and standalone providers. Key players operating in the market are investing heavily in R&D, new product development, and a distribution network to gain a competitive edge in the market.

The report includes the profiles of the following key players:

• BASF (Germany)
• Dow (U.S.)
• SABIC (Saudi Arabia)
• INEOS (U.K.)
• PETRONAS Chemicals Group Berhad (Malaysia)
• Nouryon (Netherlands)
• Amines & Plasticizers Ltd. (India)
• Enaspol GmbH (Germany)
• Jay Dinesh Chemicals (India)
• DHALOP CHEMICALS (India)

Key Industry Developments

• In September 2024, BASF launched a new plant for alkyl ethanolamines at its Antwerp Verbund site. This investment will help the company to increase the global annual production capacity for alkyl ethanolamines, dimethyl ethanolamine, and methyl diethanolamine by nearly 30 percent to over 140,000 tons per year.