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The increase in the use of resins in various industries, including paper, oil, and lubricants, is expected to drive the growth of the ethyleneamines industry due to the product’s application in the production of various resin-type materials. Diethylenetriamine-based polyamines are used to make resins that are commonly used as additives to increase the wet-strength of paper, such as in tissues and packaging. Some forms of ethyleneamines are used in the making of resins that act as lubricants in several industries.
In 2016, BASF (OTCMKTS: BASFY), one of the global leaders of the ethyleneamines industry, made the decision to raise the prices of ethylenediamine (one of the major types of ethyleneamines) with immediate effect in the Asia Pacific. This was in response to the increasing demand for the material in the region. This move was imitated by Tosoh (TYO: 4042) in late 2017, leading to an increase in prices for all their ethyleneamines products globally. In their annual report in 2018, Tosoh announced that its Specialty Group, as an initiative to increase scope and stabilise profits of chemical businesses, aimed to strengthen the foundation of its ethyleneamines products, among others. In October 2020, Nouryon Chemicals Holding B.V., another leading producer of ethyleneamines, confirmed its plans to build a world-scale facility for the production of ethyleneamines due to its new-found technology to produce ethyleneamines with significantly reduced raw material consumption and dramatically improved cost and waste efficiency. This is expected to be a big step forward for the industry in the future.
Market Analysis by Type, Application, and Region:
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The major players in the global ethyleneamines market are Huntsman International LLC, Tosoh Corporation, Nouryon Chemicals Holding B.V., BASF SE, Delamine B.V., and Diamines and Chemicals Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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