The global ethanolamine market is expanding on account of the increasing demand from end-use industries like textiles, cosmetics and personal care, chemicals, pharmaceutical, and others. The market is led by North America, which is a significant market for ethanolamine. The region is being driven by the increasing demand from cosmetics, surface-active chemicals, and emulsifiers sectors. The growing demand for glyphosate and gas purification for the production of natural gas is also driving the growth of the ethanolamine market in North America. The North America region is followed by the Asia Pacific as the other leading market for ethanolamine. The growing herbicides industry is driving the market in the Asia Pacific. The rising food and home and personal care industries in the region are also driving the growth of the ethanolamine market.
Huntsman International LLC is a subsidiary of Huntsman Corporation (NYSE: HUN). It is a major key player in the global ethanolamine market. Huntsman International LLC supplies various types of ethanolamine, namely, monoethanolamine (MEA), diethanolamine (DEA), triethanolamine (TEA), and amides and amine ethoxylates. Ethanolamine offers multiple applications and is produced commercially by the interaction of ethylene oxide with ammonia. They are alkaline and hence react with acids to become esters or salts.
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BASF SE, Dow Chemical Company, INEOS Capital Limited, Huntsman International LLC, Nouryon, Saudi Kayan Petrochemical Co., and Nippon Shokubai Co., Ltd, among others, are the key players in the global ethanolamine market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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