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Market Outlook
The global ethanolamine market demand reached a volume of around 1.9 million metric tons in 2019. The demand is expected to witness a further growth in the coming years and is expected to grow at a CAGR of 3.75% between 2020 and 2025 to reach 2.3 million metric tons by 2025. Due to increased demand from end-use industries such as textiles, chemicals, cosmetics and personal care, pharmaceutical, and others, the ethanolamine market is gaining momentum. Increasing demand for surfactants and other chemicals to meet global demand is fuelling the market growth further. The low cost of production is also aiding the growth of the ethanolamine market.
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The North America region is the leading ethanolamine market. The growing demand for ethanolamine in cosmetics, surface-active chemicals, and emulsifiers is the key driver of export demand in North America. The growth in in the regional market will be supported by rising demand for glyphosate and gas purification in the production of natural gas. North America has been a net exporter of the product. It primarily exports ethanolamine and triethanolamine to other countries, while importing diethanolamine from regions such as Belgium and Saudi Arabia to a large extent. The main export market driver for North America is the global demand for ethanolamine in cosmetics, surface-active chemicals, emulsifiers, and triethanolamine in cement applications. The North America ethanolamine exports rose significantly in the previous years due to increased demand in regions such as China for ethanolamine. Because of cheaper ethylene prices in the United States as compared to other regions, the United States can provide cost-effective ethanolamine, which is further adding to the export demand in the region.
The Asia Pacific follows North America as the second-largest market for ethanolamine. The region, however, minimally exports ethanolamine to other regions due to an increase in the local consumption of the product to satisfy the rising demand. In the coming years, the Asia Pacific will be one of the major demand driving regions for the product due to high growth rates being witnessed in the region’s herbicides and home and personal care industries. The rising food consumption in countries like China and India, along with the penetration rate of home and personal care products will be the key demand drivers for ethanolamine in the Asia Pacific region. The regional growth of the market is also being driven by the lack of alternatives for ethanolamine in products like detergent, personal care, and herbicides.
Properties and Applications
Ethanolamine is a viscous liquid with an odour of ammonia, which is used to remove carbon dioxide and hydrogen sulphide from natural gas and is used in the manufacture of antibiotics. It is commonly used in the cosmetics, medical, clothing, automotive, and chemical industries. It finds its applications in the production of the following segments:
The report also covers the regional markets of the product like North America, Europe, the Middle East and Africa, the Asia Pacific, and Latin America.
Market Analysis
The detergents and personal care sector accounts for the leading demand for ethanolamine, accounting for nearly 36% of the total global demand of the product. The rising disposable income in the Asia Pacific and other developing nations is expected to increase the detergents and personal care products demand, thus, further aiding the growth of the ethanolamine market. China and India, particularly, are expected to drive the ethanolamine demand owing to the improving economic conditions and rising detergents and personal care industry.
The detergents and personal care sector is followed by pesticides as the other major application sector for the product. The global ethanolamine market is being driven by the pesticides (glyphosate) industry. Glyphosate, which uses ethanolamine as its raw material, is expected to be the major demand driver for ethanolamine because of the increase in the crop production in the Asia Pacific and North America. An increase in glyphosate consumption across the globe will, thus, lead to the growth of the ethanolamine market in the future.
Ethanolamine is also used in gas treatment application to remove acidic impurities, such as hydrogen sulphide and carbon dioxide. The gas treatment market is expected to grow in the coming years, which is expected to increase the ethanolamine demand. The global construction industry is also expected to affect the growth of the ethanolamine market as the cement industry employs ethanolamine to produce cement grinding aids as well as performance enhancers.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global ethanolamine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Ethanolamine Market Analysis
6.1 Figure: Global Ethanolamine Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Ethanolamine Market Breakup by Application
6.2.1 Detergents & Personal Care
6.2.2 Pesticides
6.2.3 Gas Purification
6.2.4 Cement
6.2.5 Wood Preservation
6.2.6 Others
6.3 Figure: Global Ethanolamine Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Detergents & Personal Care
6.3.2 Pesticides
6.3.3 Gas Purification
6.3.4 Cement
6.3.5 Wood Preservation
6.3.6 Others
6.4 Chart: Global Ethanolamine Market Breakup by Region
6.4.1 North America
6.4.1.1 United State of America
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 United Kingdom
6.4.2.2 Germany
6.4.2.3 France
6.4.2.4 Italy
6.4.2.5 Others
6.4.3 Asia Pacific
6.4.3.1 China
6.4.3.2 Japan
6.4.3.3 India
6.4.3.4 ASEAN
6.4.3.5 Others
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Mexico
6.4.4.4 Others
6.4.5 Middle East and Africa
6.4.5.1 Saudi Arabia
6.4.5.2 United Arab Emirates
6.4.5.3 Nigeria
6.4.5.4 South Africa
6.4.5.5 Others
6.5 Figure: Global Ethanolamine Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 North America
6.5.1.1 United State of America
6.5.1.2 Canada
6.5.2 Europe
6.5.2.1 United Kingdom
6.5.2.2 Germany
6.5.2.3 France
6.5.2.4 Italy
6.5.2.5 Others
6.5.3 Asia Pacific
6.5.3.1 China
6.5.3.2 Japan
6.5.3.3 India
6.5.3.4 ASEAN
6.5.3.5 Others
6.5.4 Latin America
6.5.4.1 Brazil
6.5.4.2 Argentina
6.5.4.3 Mexico
6.5.4.4 Others
6.5.5 Middle East and Africa
6.5.5.1 Saudi Arabia
6.5.5.2 United Arab Emirates
6.5.5.3 Nigeria
6.5.5.4 South Africa
6.5.5.5 Others
7 Global Ethanolamine Price Analysis
7.1 North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.2 Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.3 Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.4 Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.5 Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8 Global Trade Data Analysis
8.1 Major Importing Countries: by Value and Volume
8.2 Major Exporting Countries: by Value and Volume
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Porter’s Five Forces Analysis
10.1 Overview
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
10.6 Substitutes
11 Value Chain Analysis
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Procurement Strategy
14.1 Sourcing Model
14.2 Engagement Model
15 Cost Analysis
15.1 Raw Material Cost
15.2 Utility Cost
15.3 Packaging Cost
15.4 Labour Cost
15.5 Other Cost
16 Competitive Landscape & Supplier Analysis
16.1 BASF SE
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Dow Chemical Company
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 INEOS Capital Limited
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Huntsman International LLC
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 Nouryon
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Saudi Kayan Petrochemical Co.
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Nippon Shokubai Co., Ltd
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8 Others
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Production Cost Analysis and Project Economics
19.1 Land, Location and Site Development
19.2 Construction
19.3 Plant Machinery
19.4 Cost of Raw Material
19.5 Packaging
19.6 Transportation
19.7 Utilities
19.8 Manpower
19.9 Other Capital Investment
The global ethanolamine market attained a volume of nearly 1.9 million metric tons in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3.75%. The ethanolamine market is projected to reach a volume of around 2.3 million metric tons by 2025.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on application, the global ethanolamine market can be segmented into detergents and personal care, pesticides, gas purification, cement, and wood preservation, among others, with detergents and personal care leading the application sector, accounting for 36% of the total global demand of the product. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions for the ethanolamine market, with North America leading the overall global ethanolamine market. The key players in the above industry are BASF SE, Dow Chemical Company, INEOS Capital Limited, Huntsman International LLC, Nouryon, Saudi Kayan Petrochemical Co., and Nippon Shokubai Co., Ltd, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing detergents and personal care sector, rising construction industry, and growing demand for herbicides due to rising crop output in the Asia Pacific and North America are driving the growth of the ethanolamine market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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