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Ethyleneamines Market - Forecast (2022 - 2027)

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  • 126 Pages
  • April 2022
  • Region: Global
  • IndustryARC
  • ID: 5616151
The Ethyleneamines market size is forecast to reach $2.3 billion by 2027, after growing at a CAGR of 4.56% during 2022-2027, owing to the increasing demand for ethyleneamines such as Ethylenediamine (EDA) and diethylenetriamine (DETA) from various end-use industries. Ethyleneamines are primarily used in the chemistry of epoxy resin curing agents and as building block chemicals. Growing product applications as chelating agents, asphalt additives, bleach activators, and corrosion inhibitors may boost industry size in the forecast period. Due to their good foaming properties, ethyleneamines are commonly used in surfactants that are likely to propel market growth. Furthermore, growing consumer awareness regarding cleanliness and hygiene has led to high demand for laundry and detergent products, which is anticipated to drive the ethyleneamines market growth during the forecast period.

Report Coverage

The report: “Ethyleneamines Market - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the ethyleneamines industry.
  • By Type: Ethylenediamine (EDA), Diethylenetriamine (DETA), Triethylenetetramine (TETA), Tetraethylenepentamine (TEPA), Heavy Polyamide (HPA), Piperazine (PIP), and Others
  • By Application: Fuel Additives, Corrosion Inhibitors, Polyamide Resins, Epoxy Curing Agents, Surfactants, Chelating Agents, Bleach Activators, Ion Exchange Resins, Fungicides, Rubber Chemicals, and Others
  • By End-Use Industry: Personal Care & Cosmetics, Pulp & Paper, Aerospace & Defense (Commercial, Military, and Others), Adhesives, Paints & Coatings, Agro Chemicals, Automotive (Passenger Vehicles, and Commercial Vehicles), Pharmaceutical & Healthcare, Oil & Gas, and Others
  • By Geography: North America, South America, Europe, Asia Pacific, and RoW

Key Takeaways

  • the Asia Pacific dominates the ethyleneamines market, owing to the increasing demand and production of automobiles. In 2018, the production of light commercial vehicles in the APAC region rose by 10.2 percent, according to OICA.
  • Ethyleneamines market size is anticipated to grow significantly owing to its increasing application in the textile industry. Aminoethyl ethanolamine has inimitable features and is used as an intermediate in fabric softeners, production of detergents, and chelates which is likely to boost the ethyleneamines market growth during the forecast period.
  • Oil extractions at oil fields in the Middle East and African regions extensively use ethyleneamines for the drilling operation, which is anticipated to boost the ethyleneamines market growth during the forecast period.
  • Due to the COVID-19 pandemic, the entire world has gone into a lockdown period due to which operations of various end-use industries such as oil & gas, adhesives are disruptively stopped, which is affecting the ethyleneamines market.

Ethyleneamines Market Segment Analysis - By Type

The Ethylenediamine (EDA) segment held the largest share in the ethyleneamines market in 2019, owing to the increasing demand for Ethylenediamine in various end-use industries for applications such as Chelating agents, corrosion inhibitors, ethylene urea resins, ion exchange resins, thermoplastic resin lubricants, petroleum additives, polyamide resins, rubber chemicals, surface-active agents, and more. It is a single-component clear, colorless product and is the lowest ethyleneamine manufactured by molecular weight. In addition, during the production of tetra acetyl ethylenediamine (TAED), which is a bleaching activator used in detergents and additives for laundry washing and dishwashing, ethylenediamine is used as an intermediate. Thus, with the growing demand from various applications, the demand for ethylenediamine is anticipated to significantly increase during the forecast period.

Ethyleneamines Market Segment Analysis - By Application

The resins application held the largest share in the ethyleneamines market in 2019, due to the increasing demand for ethyleneamines from various end-use industries to manufacture epoxy curing agents, ion exchange resin, polyamide resins, and wet strength resins. Diethylenetriamine-based polyamines are widely used as wet-strength additives for paper. These resins enable a wet-strength performance as needed for use in wet conditions. Applications include tissues or packaging boards. In addition to the liquid resins used as epoxy hardeners, the main type of polyamide resin is the one generally prepared by the condensation reaction of diamines with di- and polybase fatty acids. As binders in printing inks for flexo gravure application on certain paper, film, and foil webs, polyamide resins are widely used. Thus, the wide applications of ethyleneamines as a resin for various applications will boost the ethyleneamines market growth during the forecast period.

Ethyleneamines Market Segment Analysis - By End-Use Industry

The adhesives, paints & coatings segment held the largest share in the ethyleneamines market in 2019 and is growing at a CAGR of 4.25%, owing to the increasing demand for ethyleneamines from the adhesives, paints & coatings for manufacturing of epoxy resins. Ethylene amines are used to manufacture epoxy resins that play a vital role in the industry of coatings and adhesives. It prevents corrosion of the marine and steel frameworks in the coating zone. In the adhesive area, it can adhere to metal, wood, glass, plastic, and more. These resins are also found in the composite material area where it is one of the most important engineering resins for cars, aircraft, and wind turbine blades. After being cured, the epoxy resin gets its desired performance. Ethylene amine is used in this important step. Thus, the extensive demand for ethyleneamines to manufacture epoxy resins is anticipated to propel the ethyleneamines market during the forecast period.

Ethyleneamines Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the ethyleneamines market in 2019 up to 38%, owing to the increasing adhesives, paints & coatings, automotive industry in the APAC region. According to the International Congress and Convention Association (ICCA), the Asia Pacific chemical industry contributed a total of $2.6 trillion to the total GDP and supported 83 million jobs in 2017, of which $1.5 trillion GDP and 60 million jobs were in China alone. China’s focus during this phenomenal growth period was more on infilling the enormous and rapidly growing domestic demand. According to the International Trade Centre (ITC), the Chinese export of adhesives increased from USD 1,516,301 thousand in 2017 to USD 1,641,790 in 2018. While Korea exported adhesives worth USD 268,094 thousand in 2017, USD 308,118 thousand in 2018, and USD 363,387 thousand in 2019. According to OICA, automotive production rose to 5174645, 2167694, 1343714, and 564800 in India, Thailand, Indonesia, and Malaysia in 2018, i.e. 8.0 percent, 9.0 percent, 10.3 percent, and 12.2 percent higher than the previous year due to rising per capita income of individuals, which further led to the massive demand for ethyleneamines in the APAC region. Thus, the increasing adhesives, paints & coatings, automotive sector in the region is driving the ethyleneamines market growth in the Asia Pacific during the forecast period.

Ethyleneamines Market Drivers

Increasing Agriculture Sector Due to Increasing Governments Initiatives

Ethylenediamine is an organic compound that is used as a building block for the production of pesticide, fertilizer, and other agricultural chemical manufacturing. The governments are spending heavily on initiatives and investments in the field of agriculture as it is one of the most effective ways of promoting agricultural productivity and enhancing environmental sustainability. The United States Department of Agriculture took an initiative - “The Agriculture and Food Research Initiative (AFRI)” to ensure food safety and security, enhance human nutrition, and train the next generation of the agricultural workforce. In May 2019, NABARD announced an investment of Rs 700 crore (US$ 100 million) venture capital fund for equity investments in agriculture and rural-focused start-ups in India. In 2020, the Canadian government invested a total of $560,000 in the Canadian Federation of Agriculture (CFA) to develop the Canadian Agri-Food Sustainability Initiative. The 2010- 2013 National Strategy for France’s Sustainable Development aimed to develop more sustainable food production and support a green economy; during the tenure, it achieved a higher domestic organic production and consumption. Thus, agricultural production is increasing in various regions due to these government initiatives and ethyleneamines consumption holds a significant share in the agriculture sector. Thus, with the flourishing agriculture sector, the demand for ethyleneamines will also increase, due to which it acts as a driver for the ethyleneamines market.

Increasing Automotive Production

In automotive applications, etyleneamines are largely used as an additive for ash-less emissions in fuels and lubes. It is added in lubricants mainly to reduce the formation of sludge and deliquesce deposits in the IC engine. According to the International Trade Administration (ITA), China is the world’s largest vehicle market and the Chinese government is expecting that automobile production will reach 30 million units by 2022 and 35 million by 2027. According to the China Association of Automobile Manufacturers, in 2018 over 27 million vehicles were sold. In 2017, according to the International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market, an increase of 0.9% from 2016. According to Stats Sa, the total motor sale of South Africa in January 2018 was accounted to be 54,620 which increased to 55,156 in January 2019. According to OICA, in 2018 the automotive production in South America, Finland, Portugal, and Romania has increased up to 3364258, 112104, 294366, and 476769, i.e., 4.0%, 3.0%, 67.7%, and 31.1% higher than the previous year due to rising per capita income of the individuals which further led to the massive demand for ethyleneamines. Thus, with the increasing automation production, the demand for ethyleneamines will also increase, which acts as a driver for the ethyleneamines market during the forecast period.

Ethyleneamines Market Challenges

Health Risks Related to Ethyleneamines

Acute inhalation exposure to ethyleneamines causes severe respiratory tract irritation and inflammation in humans. Tearing and burning of the eyes, sore throat, nasal secretion, bronchitis, shortness of breath, and edoema of the lungs are some symptoms of acute inhalation exposure in humans. Ethyleneamines are a severe blistering agent, causing third-degree chemical burns of the skin. It is also eye tissue corrosive and may cause permanent opacity of the cornea and conjunctival scarring. In addition, ethyleneamines may contain solvents, which can pose additional hazards of fire and explosion. In a fire situation, drums containing Ethyleneamines may rupture and significantly increase the magnitude of the fire. Thus, the risks associated with the toxicity of ethyleneamines are anticipated to hinder the growth of the ethyleneamines market.

Covid-19 Impact on The Ethyleneamines Market

Due to the Covid-19 outbreak, the automotive industry has been hit by factory closures, supply chain disruption, and a collapse in demand. The automotive industries are facing issues such as delays in receiving emission control catalysts from the manufacturers due to the restriction on the import and export of commodities. The pandemic is having a huge impact on the automotive industry. The production of automobiles has been disruptively stopped, contributing to a major loss in the total automotive sectors. With the decrease in automotive production, the demand for ethyleneamines has significantly fallen, which is having a major impact on the ethyleneamines market.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the ethyleneamines market. In 2019, the market of ethyleneamines has been consolidated by the top five players accounting for xx% of the share. Major players in the ethyleneamines market are Akzo Nobel N.V., Huntsman Corporation, The Dow Chemical Company, BASF S.E., Tosoh Corporation, Delamine B.V., Diamines & chemical limited.

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Table of Contents

1. Ethyleneamines Market - Market Overview
1.1 Definitions and Scope
2. Ethyleneamines Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Application
2.4 Key Trends by End-Use Industry
2.5 Key Trends by Geography
3. Ethyleneamines Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Ethyleneamines Market- Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Ethyleneamines Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Ethyleneamines Market- By Type (Market Size - $Million)
6.1 Ethylenediamine (EDA)
6.2 Diethylenetriamine (DETA)
6.3 Triethylenetetramine (TETA)
6.4 Tetraethylenepentamine (TEPA)
6.5 Heavy Polyamide (HPA)
6.6 Piperazine (PIP)
6.7 Others
7. Ethyleneamines Market- By Application (Market Size - $Million)
7.1 Fuel Additives
7.2 Corrosion Inhibitors
7.3 Polyamide Resins
7.4 Epoxy Curing Agents
7.5 Surfactants
7.6 Chelating Agents
7.7 Bleach Activators
7.8 Ion Exchange Resins
7.9 Fungicides
7.10 Rubber Chemicals
7.11 Others
8. Ethyleneamines Market- By End-Use Industry (Market Size - $Million)
8.1 Personal Care & Cosmetics
8.2 Pulp & Paper
8.3 Aerospace & Defense
8.3.1 Commercial
8.3.2 Military
8.3.3 Others
8.4 Adhesives, Paints & Coatings
8.5 Agro Chemicals
8.6 Automotive
8.6.1 Passenger Vehicles
8.6.2 Commercial Vehicles
8.7 Pharmaceutical & Healthcare
8.8 Oil & Gas
8.9 Others
9. Ethyleneamines Market - By Geography (Market Size - $Million)
9.1 North America
9.1.1 U.S.
9.1.2 Canada
9.1.3 Mexico
9.2 South America
9.2.1 Brazil
9.2.2 Argentina
9.2.3 Colombia
9.2.4 Chile
9.2.5 Rest of South America
9.3 Europe
9.3.1 U.K
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Netherland
9.3.6 Spain
9.3.7 Russia
9.3.8 Belgium
9.3.9 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia & New Zealand
9.4.6 Rest of Asia Pacific
9.5 ROW
9.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
9.5.2 Africa South Africa Nigeria Rest of Africa
10. Ethyleneamines Market- Entropy
10.1 New Product Launches
10.2 M&A’s, Collaborations, JVs and Partnerships
11. Ethyleneamines Market Company Analysis
11.1 Market Share, Company Revenue, Products, M&A, Developments
11.2 Company 1
11.3 Company 2
11.4 Company 3
11.5 Company 4
11.6 Company 5
11.7 Company 6
11.8 Company 7
11.9 Company 8
11.10 Company 9
11.11 Company 10 and more