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Pulished Date September, 2021
ID: 12191
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Ethanolamines Market Segmentation By Product Type (Monoethanolamine (MEA), Diethanolamine (DEA) and Triethanolamine (TEA)), By Application (Surfactants, Herbicides, Chemicals, Gas Treatment, Cement and Others); By End User (Agriculture, Construction, Personal care, Metallurgy and Metalworking, Oil & Gas and Others) and Region - Industry Forecast of 2021 to 2026

Pulished: September, 2021
ID: 12191
Pages: 180

Ethanolamines Market Value & Growth Rate:

The Global Ethanolamines Market size was valued at US$ 2,934 million in 2021 and is anticipated to reach US$ XX billion by 2026 and increase at a CAGR of 5.01% during 2021 and 2026. 

Ethanolamines Market Scenario:

Ethanolamines are organic molecules formed when ethylene oxide reacts with ammonia. They're made up of amino acids. The three types of products available on the market are Monoethanolamine, Diethanolamine, and Triethanolamine. These goods are noted for being colorless and viscous, as well as having an ammonia-like odor. The rising demand for the product and the increasing standard of living are two significant aspects that positively influence the market. They are employed in various applications because of these features, including detergents, chemical intermediates, herbicides, metal cleaning, and others. In addition, the market is growing because of increased demand for end-use industries such as detergents, herbicides, and textiles.

Ethanolamines Market Drivers:

Over the next six years, ethanolamines market expansion is expected to be driven by rising demand from end-use sectors such as herbicides, detergents, and textiles. In addition, it is frequently utilized as a raw material in the production of detergents, polishes, and medications. Over the forecast period, solid economic expansion and fast industrialization in Asia Pacific developing nations, primarily include China and India, are expected to remain a key driving force for market growth. It's a colorless, poisonous, explosive, corrosive, and viscous liquid used in various dispersion and solution applications. It can be divided into triethanolamine (TEA), monoethanolamine (MEA), and diethanolamine based on the chemical components (DEA). During the projected period, herbicides are expected to overtake pesticides as the leading application segment. The demand for building chemicals and corrosion inhibitors for metal protection will grow as the application scope expands. Over the next six years, ethanolamines market expansion is fueled by rising surfactant demand in Europe and North America. It is broadly used in various sectors because it functions as a weak base compound and is necessary for phospholipids. These factors are responsible for the global Ethanolamines market growth during the forecast period. The increasing per capita disposable income and increased consumer knowledge are expected to boost the the Asia Pacific and Latin America's growing personal care business. Ethanolamines are commonly used to make liquid soaps, bath foams, and shampoos in the personal care sector.

New uses, such as wood preservation and agrochemical manufacture, are likely to open up new opportunities for the ethanolamines sector. Over the projection period, rising agrochemicals production in the Asia Pacific is predicted to complement market expansion. Moreover, in the next six years, the ethanolamines market is expected to rise due to rising demand from end-use applications include metal cleaning and gas treatment. Over the projection period, gas treatment applications are anticipated to increase at a substantial CAGR of more than 5%.

Ethanolamines Market Restraints:

Due to capacity expansions and increased investments, the industry is suffering an oversupply of raw materials. Moreover, Ethanolamine is treated as a corrosive material that can irritate and burn the skin and eyes, resulting in potential eye injury. In addition, some more diseases include Coughing, wheezing, and shortness of breath, which can result from inhaling Ethanolamine, which irritates the nose, throat, and lungs.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

5.01%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

BASF SE, Dow Chemical Company, Indorama Ventures Limited, INEOS, Jiaxing Jinyan Chemical Co., Ltd., Lyondell Basell Industries N.V., Nouryon, Penta Manufacturer, SABIC, Sintez OKA Group of Companies

Recent Developments in the Global Ethanolamines Market:

  • BASF increased the cost of Ethanolamine majorly in Europe owing to the increasing demand for ethanolamines. In addition, ethanolamines are primarily utilized in pharmaceutical firms to produce various pharma ingredients and play an essential role in several industries.

  • Dow Chemical Company, awarded as a global leader in ethanolamines, declared a 45000 metric tons capacity expansion, which will be done at Union Carbide's ethanolamines facility. It further added that the capacity would offer overall ability at the plant to 154000 metric tons annually.

  • INEOS Oxide Ltd. announced that it would expand the Ethanolamine and ethylene oxide derivative in France.

Ethanolamines Market Segmentation:

By Product Type:

  • Monoethanolamine (MEA)
  • Diethanolamine (DEA)
  • Triethanolamine (TEA)

The triethanolamine segment accounts for a significant percentage of the market due to rising demand for the product in various applications, including fragrances, hair care products, hair dyes, wave sets, shaving products, sunscreens, and others. In addition, they're employed in a variety of applications as corrosion inhibitors and surfactants. Furthermore, these materials are used to remove pollutants from natural gas, such as hydrogen sulfide and carbon dioxide. Regarding CAGR, the Diethanolamine (DEA) category dominated in 2019, and it is predicted to hold the highest market share during 2021-2026. The extensive application base of DEA in soaps and detergents, the manufacturing of glyphosate, and the treatment of refinery products and natural gas are related to the significant volume demand. In addition, the consumption of DEA is increasing as a result of its widespread industrial use. Furthermore, the advanced manufacturing of herbicides and surfactants worldwide is boosting consumption, and, as a result, the ethanolamines market is growing.

By Application:

  • Surfactants
  • Herbicides
  • Chemicals
  • Gas Treatment
  • Cement
  • Others

Based on the application, the surfactants category experienced the most demand in 2021. Because ethanolamines are increasingly used in industrial detergents, gel-type cleansers, shaving creams, body lotions, shampoos, and soap bars, the sector is expected to maintain its dominance in the following years. The compound's popularity as a surfactant stems from its use in forming fatty-acid amides, its ability to create foams when combined with lauryl sulphate, and its emulsifying capabilities. The massive demand for the chemical is predicted to rise as the global consumption of personal care products rises, boosting the ethanolamine supply.

By End-User

  • Agriculture
  • Construction
  • Personal care
  • Metallurgy and Metalworking
  • Oil & Gas 
  • Others

Metallurgy and Metalworking end-user attributes to hold the most significant global ethanolamine market share in the following years. Cutting, forging, and connecting metal for end-use purposes is generally known as metalworking. Shipbuilding, construction, jewelry, automobile, and aerospace are just a few industries that employ it. Lathes, arc welders, mills, and computer numerical control (CNC) machines are the most regularly used metalworking machines. The operational requirements for metalworking fluid increase as the number of complicated, automated, and high-rate manufacturing machinery increases. Furthermore, the need for antifreeze additives is more vital in low-temperature regions of Europe and North America.

Ethanolamines Market Regional Analysis: 

The Global Ethanolamines Market Report includes the segmentation of Regions:

  • Asia-Pacific led the global market, with China and India accounting for the majority of consumption. However, in terms of GDP, China has the most excellent economy. Due to increased population, living standards, and per-capita income, China is one of the world's fastest-growing economies, with practically all end-user industries expanding.

  • North America is expected to rise rapidly because of significant demand from end-use sectors such as personal care, detergents, and herbicides. Among the other regions in North America, The United States is one of the largest consumers of ethanolamines. The ethanolamines market is likely to benefit from the increased development and innovation of new applications.

  • Due to market saturation in end-use sectors, Europe is predicted to grow at a low rate during the next seven years. However, increased consumption of agrochemicals and herbicides in the region is expected to boost industry growth throughout the forecast period.

  • Due to rising demand from the construction and personal care industries, the Middle East, Africa, and Latin America are likely to see substantial expansion.

Impact of COVID-19 on Ethanolamines Market:

The market for ethanolamines has suffered to some extent due to the ongoing COVID-19 pandemic, which resulted in the temporary stoppage of production across downstream plants, mainly in China, in the first quarter of 2020. However, production had recovered to a large extent by late March, while downstream ratios remained significantly lower than in Q4 2019. Furthermore, due to plant closures in the United States, the European market saw a shortfall in imports, negatively impacting the ethanolamines market.

Ethanolamines Market Key Players:

The companies covered in the report include:

  1. BASF SE

  2. Dow Chemical Company

  3. Indorama Ventures Limited

  4. INEOS

  5. Jiaxing Jinyan Chemical Co., Ltd.

  6. Lyondell Basell Industries N.V.

  7. Nouryon

  8. Penta Manufacturer

  9. SABIC

  10. Sintez OKA Group

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Ethanolamines Market , By Product Type                       

                                6.1.1 Monoethanolamine (MEA)              

                                6.1.2 Diethanolamine (DEA)       

                                6.1.3 Triethanolamine (TEA)       

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Ethanolamines Market , By Application                          

                                6.2.1 Surfactants             

                                6.2.2 Herbicides               

                                6.2.3 Chemicals

                                6.2.4 Gas Treatment      

                                6.2.5 Cement    

                                6.2.6 Others      

                                6.2.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.8 Y-o-Y Growth Rate Analysis              

                                6.2.9 Market Attractiveness Index           

                6.3 Ethanolamines Market , By End User               

                                6.3.1 Agriculture              

                                6.3.2 Construction          

                                6.3.3 Personal care         

                                6.3.4 Metallurgy and Metalworking        

                                6.3.5 Oil & Gas

                                6.3.6 Others      

                                6.3.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.8 Y-o-Y Growth Rate Analysis              

                                6.3.9 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Application       

                                7.2.4 By End User            

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Application       

                                7.3.4 By End User            

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Application       

                                7.4.4 By End User            

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Application       

                                7.5.4 By End User            

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Application       

                                7.6.4 By End User            

8. Key Player Analysis                                    

                8.1 BASF SE                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Dow Chemical Company                       

                8.3 Indorama Ventures Limited                 

                8.4 INEOS                           

                8.5 Jiaxing Jinyan Chemical Co., Ltd.                        

                8.6 Lyondell Basell Industries N.V.                           

                8.7 Nouryon                      

                8.8 Penta Manufacturer               

                8.9 SABIC                            

                8.10 Sintez OKA Group of Companies                     

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Ethanolamines Market By Region, From 2021-2026 ( USD Billion )

  2. Global Ethanolamines Market By Product Type , From 2021-2026 ( USD Billion )

  3. Global Monoethanolamine (MEA) Market By Region, From 2021-2026 ( USD Billion )

  4. Global Diethanolamine (DEA) Market By Region, From 2021-2026 ( USD Billion )

  5. Global Triethanolamine (TEA) Market By Region, From 2021-2026 ( USD Billion )

  6. Global Ethanolamines Market By Application, From 2021-2026 ( USD Billion )

  7. Global Surfactants Market By Region, From 2021-2026 ( USD Billion )

  8. Global Herbicides Market By Region, From 2021-2026 ( USD Billion )

  9. Global Chemicals Market By Region, From 2021-2026 ( USD Billion )

  10. Global Gas Treatment Market By Region, From 2021-2026 ( USD Billion )

  11. Global Cement Market By Region, From 2021-2026 ( USD Billion )

  12. Global Others Market By Region, From 2021-2026 ( USD Billion )

  13. Global Ethanolamines Market By End User, From 2021-2026 ( USD Billion )

  14. Global Agriculture Market By Region, From 2021-2026 ( USD Billion )

  15. Global Construction Market By Region, From 2021-2026 ( USD Billion )

  16. Global Personal care Market By Region, From 2021-2026 ( USD Billion )

  17. Global Metallurgy and Metalworking Market By Region, From 2021-2026 ( USD Billion )

  18. Global Oil & Gas  Market By Region, From 2021-2026 ( USD Billion )

  19. Global Others Market By Region, From 2021-2026 ( USD Billion )

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