The global aminoethylethanolamine market was valued at $222.5 million in 2020, and is projected to reach $357.5 million by 2030, growing at a CAGR of 4.9% from 2021 to 2030.
Aminoethylethanolamine (AEEA) belongs to ethyleneamines group. It is a clear chemical compound that is soluble in water and has ammonia odor.
The growth of the global aminoethylethanolamine market is driven by escalating demand for chelating agent and increasing demand among textile & chemical manufacturing industry. The increasing trends for cleanliness have surged the demand for cleaners and surfactants where aminoethylethanolamine is used as a chelating agent to reduce the deposition of minerals from surfaces during the manufacturing process. This may act as one of the key drivers answerable for the growth of the aminoethylethanolamine market. Moreover, increasing demand for industrial cleaning solutions among a wide range of industries, such as oil and gas, specialty chemicals, pharmaceuticals, and others, is providing an additional push to the growth of the aminoethylethanolamine market.
However, aminoethylethanolamine is cited as a hazardous substance by the U.S. Department of Transportation (DOT) and the National Fire Protection Association (NFPA). Prolonged exposure to aminoethylethanolamine can cause several health-related disorders such as severe skin burns, eye damage, and irritation in the nose, throat, lungs, and asthma-like allergy. Moreover, it may also cause permanent reproductive damage if exposed beyond the standard exposure limit. These factors together may hamper the growth of the aminoethylethanolamine market during the forecast period.
Aminoethylethanolamine possesses enhanced surface dynamic characteristics, such as flexible surface tension, enhanced surface enthalpy, entropy, and high absorption characteristics, that make it suitable for a wide range of applications. It is increasingly used in the development of absorbents for CO2 removal applications in industries. Moreover, characteristics, such as high absorption capacity and low energy costs, make it an excellent replacement for traditional tertiary amine solutions such as methyl diethanolamine (MDEA) for absorbent manufacturing purposes. This is anticipated to increase the demand for aminoethyl ethanolamine, thereby creating lucrative opportunities for the market.
The global aminoethylethanolamine market analysis is done on the basis of grade, application, and region. Depending on grade, the market is divided into >99% and < 99%. The applications covered in the study include chelating agent, surfactants, textile additives, fabric softeners, lubricants, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global aminoethylethanolamine market profiles leading players that include BASF SE, Nouryon, Dow Chemical Company, Parsol Chemicals Pvt. Ltd., Huntsman Corporation (HUN), Restek Corporation, Otto Chemie Pvt. Ltd., PolyOne Corporation, Sanitized AG, and BioCote Limited.
The global aminoethylethanolamine market report provides in-depth competitive analysis as well as profiles of these major players.
2. Nouryon
3. Dow Chemical Company
4. Parsol Chemicals Pvt. Ltd.
5. Huntsman Corporation (HUN)
6. Restek Corporation
7. Otto Chemie Pvt. Ltd.
8. PolyOne Corporation
9. Sanitized AG
10. BioCote Limited
Aminoethylethanolamine (AEEA) belongs to ethyleneamines group. It is a clear chemical compound that is soluble in water and has ammonia odor.
The growth of the global aminoethylethanolamine market is driven by escalating demand for chelating agent and increasing demand among textile & chemical manufacturing industry. The increasing trends for cleanliness have surged the demand for cleaners and surfactants where aminoethylethanolamine is used as a chelating agent to reduce the deposition of minerals from surfaces during the manufacturing process. This may act as one of the key drivers answerable for the growth of the aminoethylethanolamine market. Moreover, increasing demand for industrial cleaning solutions among a wide range of industries, such as oil and gas, specialty chemicals, pharmaceuticals, and others, is providing an additional push to the growth of the aminoethylethanolamine market.
However, aminoethylethanolamine is cited as a hazardous substance by the U.S. Department of Transportation (DOT) and the National Fire Protection Association (NFPA). Prolonged exposure to aminoethylethanolamine can cause several health-related disorders such as severe skin burns, eye damage, and irritation in the nose, throat, lungs, and asthma-like allergy. Moreover, it may also cause permanent reproductive damage if exposed beyond the standard exposure limit. These factors together may hamper the growth of the aminoethylethanolamine market during the forecast period.
Aminoethylethanolamine possesses enhanced surface dynamic characteristics, such as flexible surface tension, enhanced surface enthalpy, entropy, and high absorption characteristics, that make it suitable for a wide range of applications. It is increasingly used in the development of absorbents for CO2 removal applications in industries. Moreover, characteristics, such as high absorption capacity and low energy costs, make it an excellent replacement for traditional tertiary amine solutions such as methyl diethanolamine (MDEA) for absorbent manufacturing purposes. This is anticipated to increase the demand for aminoethyl ethanolamine, thereby creating lucrative opportunities for the market.
The global aminoethylethanolamine market analysis is done on the basis of grade, application, and region. Depending on grade, the market is divided into >99% and < 99%. The applications covered in the study include chelating agent, surfactants, textile additives, fabric softeners, lubricants, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global aminoethylethanolamine market profiles leading players that include BASF SE, Nouryon, Dow Chemical Company, Parsol Chemicals Pvt. Ltd., Huntsman Corporation (HUN), Restek Corporation, Otto Chemie Pvt. Ltd., PolyOne Corporation, Sanitized AG, and BioCote Limited.
The global aminoethylethanolamine market report provides in-depth competitive analysis as well as profiles of these major players.
Key benefits for stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Key market segments
By Grade
- >99%
- < 99%
By Application
- Chelating Agent
- Surfactants
- Textile Additives
- Fabric Softener
- Lubricants
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Players in the global aminoethylethanolamine market are:
1. BASF SE2. Nouryon
3. Dow Chemical Company
4. Parsol Chemicals Pvt. Ltd.
5. Huntsman Corporation (HUN)
6. Restek Corporation
7. Otto Chemie Pvt. Ltd.
8. PolyOne Corporation
9. Sanitized AG
10. BioCote Limited
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL AMINOETHYLETHANOLAMINE MARKET, BY GRADE
CHAPTER 5: GLOBAL AMINOETHYLETHANOLAMINE MARKET, BY APPLICATION
CHAPTER 6: AMINOETHYLETHANOLAMINE MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES:
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 218 |
| Published | September 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 222.5 million |
| Forecasted Market Value ( USD | $ 357.5 million |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
