According to the report, the global ethanolamine market is projected to grow at a CAGR of 6.4% between 2023 and 2028. Aided by the increasing demand for ethanolamine in diverse applications, such as surfactants, chemical intermediates, and agricultural chemicals, the market is expected to grow significantly by 2028.
Ethanolamine, also known as monoethanolamine (MEA), is a versatile organic chemical compound. It is a primary amine and a primary alcohol, making it a valuable ingredient in the production of a wide array of industrial chemicals, including detergents, emulsifiers, and pharmaceuticals.
Ethanolamine’s utility spans across various industries which is bolstering the ethanolamine market demand. In the cleaning sector, it is a core component of surfactants found in laundry detergents and dishwashing liquids. As an emulsifying agent, it is extensively used in cosmetics and personal care products, where it helps in the stabilisation of oil and water mixtures. Its function as a chemical intermediate is notable in the production of emulsifiers and demulsifiers in the textile sector, as well as corrosion inhibitors in antifreeze fluids.
Furthermore, ethanolamine is indispensable in the agricultural sector, where it is used to produce herbicides and other agrochemicals. As global demand for food rises in line with a growing global population, agrochemicals that enhance crop yields will likely see increased demand, thereby indirectly driving the ethanolamine market growth.
One of the key growth drivers for the ethanolamine market is its escalating demand in the production of surfactants, which are integral in various consumer products. As living standards rise globally, particularly in emerging economies, demand for these consumer products is expected to grow, thereby fuelling the market expansion.
Moreover, the surge in the demand for personal care products and cosmetics, particularly in developing regions where consumer spending is on the rise, has driven significant growth in the ethanolamine market. The compound's emulsifying properties are essential in the formulation of lotions, creams, and other skincare products, which are seeing robust sales in line with a global trend towards self-care and wellness.
Asia Pacific accounts for a significant portion of the ethanolamine market share, driven by a booming industrial sector and a growing middle class with increasing purchasing power. China and India are significant players in this region, owing to their expansive agricultural and industrial sectors.
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The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Ethanolamine, also known as monoethanolamine (MEA), is a versatile organic chemical compound. It is a primary amine and a primary alcohol, making it a valuable ingredient in the production of a wide array of industrial chemicals, including detergents, emulsifiers, and pharmaceuticals.
Ethanolamine’s utility spans across various industries which is bolstering the ethanolamine market demand. In the cleaning sector, it is a core component of surfactants found in laundry detergents and dishwashing liquids. As an emulsifying agent, it is extensively used in cosmetics and personal care products, where it helps in the stabilisation of oil and water mixtures. Its function as a chemical intermediate is notable in the production of emulsifiers and demulsifiers in the textile sector, as well as corrosion inhibitors in antifreeze fluids.
Furthermore, ethanolamine is indispensable in the agricultural sector, where it is used to produce herbicides and other agrochemicals. As global demand for food rises in line with a growing global population, agrochemicals that enhance crop yields will likely see increased demand, thereby indirectly driving the ethanolamine market growth.
One of the key growth drivers for the ethanolamine market is its escalating demand in the production of surfactants, which are integral in various consumer products. As living standards rise globally, particularly in emerging economies, demand for these consumer products is expected to grow, thereby fuelling the market expansion.
Moreover, the surge in the demand for personal care products and cosmetics, particularly in developing regions where consumer spending is on the rise, has driven significant growth in the ethanolamine market. The compound's emulsifying properties are essential in the formulation of lotions, creams, and other skincare products, which are seeing robust sales in line with a global trend towards self-care and wellness.
Asia Pacific accounts for a significant portion of the ethanolamine market share, driven by a booming industrial sector and a growing middle class with increasing purchasing power. China and India are significant players in this region, owing to their expansive agricultural and industrial sectors.
Market Segmentation
The market can be divided based on application and region.Market Breakup by Application
- Detergents & Personal Care
- Pesticides
- Gas Purification
- Cement
- Wood Preservation
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ethanolamine market.Some of the major players explored in the report are as follows:
- BASF SE
- The Dow Chemical Company
- INEOS AG
- Nouryon Chemicals Holding B.V.
- Saudi Kayan Petrochemical Company SJSC
- Nippon Shokubai Co., Ltd.
- Others
About the Analyst
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Ethanolamine Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Trade Data Analysis (HS Code- 292211, 292212, 292213, 292215)
13 Price Analysis
14 Competitive Landscape
15 Industry Events and Developments
1 Manufacturing Process
2 Project Requirement and Cost Analysis
List of Key Figures and Tables
Companies Mentioned
- BASF SE
- Dow Chemical Company
- INEOS Capital Limited
- Huntsman International LLC
- Nouryon
- Saudi Kayan Petrochemical Co. Nippon Shokubai Co. Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 176 |
| Published | October 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 4.11 Million |
| Forecasted Market Value ( USD | $ 5.6 Million |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
