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Global Ethanolamine Market to Grow at a CAGR of 3.75% between 2020 and 2025.

According to a new report by EMR titled, Global Ethanolamine Market Report and Forecast 2020-2025', the global ethanolamine market reached a volume of almost 1.9 million metric tons in 2019. The market is further expected to grow at a CAGR of 3.75% in the forecast period of 2020-2025 to reach 2.3 million metric tons by 2025.

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.

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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.

Market Analysis by Application and Region:

  • The market is divided on the basis of application into detergents and personal care, pesticides, gas purification, cement, and wood preservation, among others.
  • Regionally, the market is divided into North America, Europe, the Middle East, and Africa, the Asia Pacific, and Latin America.

Key Findings of The Report:

  • The global ethanolamine market is driven by the pesticide industry, also known as glyphosate industry, which uses ethanolamine as its raw material.
  • The growing major downstream industries, such as detergents and personal care products, are aiding the market for ethanolamine.
  • The rising disposable income and improving economic conditions in Asia and other emerging nations are further enhancing the market growth.
  • The increase in the global construction industry due to rapid urbanisation positively impacts the demand for ethanolamine, as the product is used in the cement industry to produce cement grinding aids and performance enhancers.
  • The rising gas treatment application for the removal of acidic impurities such as carbon dioxide and hydrogen sulphide is providing further impetus to the market growth of ethanolamine.

Key Offerings of the Report:

  • The EMR report gives an overview of the global ethanolamine market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the application and regional markets of ethanolamine.
  • It gives an in-depth look at the regional price trends in the global ethanolamine market for the periods (2015-2019) and (2020-2025).

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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EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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