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The global monoethanolamine industry is being driven by the rising demand for the product from the detergent sector. Due to growing awareness regarding personal hygiene, the demand for detergents and surfactants are on the rise. Monoethanolamine has the unique quality of alkaline permissibility, which helps clean and protect clothes from further soiling.
The Asia Pacific region contributes significantly to the market growth as the region is witnessing a drastic change owing to the increasing disposable incomes, rapid urbanisation, and changing lifestyles. The region is also expected to present robust growth opportunities for the monoethanolamine industry due to the presence of an expanding detergents industry, especially in its developing economies.
Dow Chemical Company (NYSE: CTA-B), a major key player within the industry, is offering innovative cleaning solutions. The company offers solutions to prepare high-efficiency laundry detergent that outdoes the ordinary cleaning, by offering a combination of efficiency, multifunctional performance, and sustainability. The growing demand for cleaning solutions like detergents, with the rising standards of living, is expected to boost the market growth of monoethanolamine.
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Nippon Shokubai Co., Ltd., BASF SE, Dow Chemical Company, Nouryon, and Saudi Basic Industries Corporation (SABIC), among others, are the key players in the global monoethanolamine 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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