Huntsman Corporation, Tosoh Corporation, Nouryon, BASF SE, and Delamine BV, among others, are the major players in the global ethyleneamines market.
The global ethyleneamines market reached a value of about USD 1.8 billion in 2020. The industry is further expected to grow at a CAGR of about 5% in the forecast period of 2021-2026 to reach a value of around USD 2.4 billion by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by the general increase in the usage of chemicals in the manufacture of several common products.
Ethyleneamines are reactive chemicals that can be used to control the properties of a wide range of chemicals. This includes properties like softness, firmness, adhesive properties, flexibility, and others, which lead to its application in cosmetics, pharmaceuticals, adhesives, detergents, and other products. Apart from these, ethylenediamine is a key component of the agrochemicals industry. The recent surge in the pharmaceutical industry due to COVID-19 is predicted to boost the global ethyleneamines industry, particularly ethylenediamine and piperazine, which are used as raw materials to manufacture several commercially available drugs.
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As ethyleneamines are used to produce numerous crop protection products, the global ethyleneamines industry is likely to benefit from the steady growth of the agrochemicals industry. Ethylenediamine (EDA), one of the most common types of ethyleneamines, is a key raw material in the production of mancozeb, an efficient fungicide that can handle various fungal diseases and is used on several crops. It is also utilised in the production of imidacloprid, the world's most widely used insecticide. Due to its growing agrochemicals sector, the Asia Pacific region is expected to see a significant gain in market value during the forecast period. Diethylenetriamine and other forms of ethyleneamines are used to improve the paper's wet strength. As a result, it has found widespread use in the packaging industry. The expansion of the packaging industry in Asia Pacific's developing countries is expected to increase demand for ethyleneamines in the region.
Headquarters: Texas, United States
Huntsman Corporation is a global producer and marketer of differentiated and speciality chemicals. The company's chemical products are sold worldwide to manufacturers serving broad and diverse consumer and industrial end markets. Huntsman operates more than 70 manufacturing and operations facilities in approximately 30 countries and employs about 9,000 associates within its four distinct business divisions. The company specialises in chemicals, technology, agriculture, automotive, health care, furniture, and personal care, among others.
Headquarters: Minato-ku, Tokyo
Tosoh Corporation is a Japanese chemical speciality products and materials company that comprises over 100 companies worldwide and more than 12,000 people. Tosoh's primary markets include the chemical, petrochemical, automotive, construction, information technology, consumer electronics, bioscience, and environmental markets. The company specialises in basic chemicals, battery materials, clinical diagnostics, quartz, polymers, water treatment, and organic chemicals, among others.
Headquarters: Amsterdam, North Holland
Nouryon operates in over 80 countries and employs around 10,000 people worldwide. The company's products play an essential role in everyday life for people around the globe. Nouryon supplies industries worldwide with chemicals to manufacture products such as plastics, paper, building materials, food, pharmaceuticals, and personal care items. Products offered by the company include bleaching and oxidising chemicals, polymer production and processing chemicals, speciality polymers, surfactants, and chelating agents, among others.
Headquarters: Ludwigshafen, Germany
BASF creates chemistry for a sustainable future. The company combines economic success with social responsibility and environmental protection and has about 110,000 employees worldwide. The company's portfolio is organised into six segments: Materials, Chemicals, Industrial Solutions, Surface Technologies, Agricultural Solutions, and Nutrition and Care. The company specialises in chemicals, functional materials and solutions, agricultural solutions, and oil and gas, among others.
Headquarters: Amersfoort, Utrecht
Delamine BV is a producer of ethyleneamines. The company has a large production facility in the north of the Netherlands and markets and sells the produced ethyleneamines all across the globe. The company's products are used as intermediates in production processes in diverse applications like epoxy curing agents, lube oil and fuel additives, agrochemicals, plastic additives, chelating agents, paper chemicals, surfactants, and pharmaceutical intermediates. The company also specialises in asphalt additives, detergents, polyamido amines, and polyamines, among others.
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