Ethanolamine Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global demand for ethanolamine reached around 2.12 MMT in 2024. The market is projected to grow at a CAGR of 3.80% between 2025 and 2034, to reach a volume of around 3.08 MMT by 2034.

North America to be a Significant Regional Market for Ethanolamine

North America is the leading ethanolamine market due to the rising demand for ethanolamine in cosmetics, surface-active chemicals, and emulsifiers, adding to the export demand in North America. The growth in the regional market will be supported by the rising demand for glyphosate and gas purification in the production of natural gas. North America has been a prominent net exporter of the product. North American ethanolamine exports rose significantly in the previous years due to increased demand in regions such as China for ethanolamine. Because of lower ethylene prices in the United States compared to other regions, the United States can provide cost-effective ethanolamine, which further adds to the export demand in the region.

The Asia-Pacific region follows North America as the second-largest market for ethanolamine. Asia-Pacific, however, minimally exports ethanolamine to other regions due to an increase in the local consumption of the product to satisfy the rising demand. The increasing food consumption in Asian countries like China and India and the penetration rate of home and personal care products will be the key demand drivers for ethanolamine market in the Asia-Pacific region. Moreover, rising demand from emerging markets, such as India and China, together with the development of new applications in wood preservation, building chemicals, and corrosion inhibitors for metal protection, is predicted to propel the global demand for ethanolamine.

Detergents and Personal Care Sector Expected to Dominate the Market Growth

The detergents and personal care sector is the leading segment in the ethanolamine market, accounting for a market share of nearly 36% of the total global demand for the product. Rising disposable income in the Asia-Pacific and other developing nations is expected to increase the demand for detergents and personal care products, further aiding the growth of the market. China and India, particularly, are expected to drive the ethanolamine demand owing to the improving economic conditions and rising detergents and personal care industry.

Market Segmentations

Ethanolamine refers to a viscous liquid with an odour of ammonia, which is used to remove carbon dioxide and hydrogen sulphide from natural gas and is used to manufacture antibiotics. It is commonly used across industries like cosmetics, medical, clothing, automotive, and chemical industries.

Market breakup by Application

• Detergents and Personal Care
• Pesticides
• Gas Purification
• Cement
• Wood Preservation
• Others

Market breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Increasing Demand from End-Use Industries Augmenting the Market Growth

Due to increased demand from end-use industries, including textiles, chemicals, cosmetics and personal care, pharmaceutical, and others, the ethanolamine market has been gaining momentum. It is widely used in various sectors since it functions as a weak base compound and is a necessary head group for phospholipids. Rising demand for surfactants and other chemicals to meet global demand fuels the market development further. The low cost of production has also been aiding the growth of the market. The market growth is also being driven by the growing pesticides (glyphosate) sector. Glyphosate, which employs ethanolamine as its raw material, is likely to be the primary demand driver for ethanolamine because of increased crop production in the Asia-Pacific and North America. The rise in glyphosate consumption across the globe will lead to the growth of the market. Additionally, ethanolamine is used in gas treatment applications to eliminate acidic impurities, including carbon dioxide and hydrogen sulphide. The gas treatment demand is expected to grow in the coming years, likely to aid the ethanolamine demand further.

New applications, such as wood preservation and agrochemical manufacture, are likely to open up new opportunities for the ethanolamine market. Over the forecast period, strong economic growth and rapid industrialisation in developing nations, such as China and India, are expected to remain a key driving force for market growth. Additionally, research and development activities, increased investment, increased per capita disposable income, and heightened consumer awareness benefits the ethanolamine market.

Key Players in the Global Market for Ethanolamine

The report gives a detailed analysis of the following key players in the global ethanolamine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• BASF SE
• The Dow Chemical Company
• INEOS AG
• Nouryon Chemicals Holding B.V.
• Saudi Kayan Petrochemical Company SJSC
• Nippon Shokubai Co., Ltd.
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.