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Global Monoethanolamine Market Size, Share, Trends, Report: By Application: Detergents, Personal Care, Textile, Wood Preservation, Agrochemical, Metal Cutting, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Monoethanolamine Market Outlook
The global monoethanolamine market attained a volume of 2.04 million metric tons in 2023. The market is expected to grow at a CAGR of 3.4% in the forecast period of 2024-2032 to reach a volume of 2.75 million metric tons by 2032.
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Extensive Demand from the Application Sectors to Contribute to the Growth of the Monoethanolamine Industry
The monoethanolamine industry is being aided by the rising demand for the product from its wide application sectors, such as detergents and cleaning. Further, the growing demand from pharmaceutical and cosmetic industries is providing a boost to the market growth. The product finds its use in the cosmetic industry as a pH controller. Moreover, factors such as rising disposable incomes, changing lifestyles, and growing urbanisation are together contributing to the market growth of the product due to the enhanced affordability of such new age products. The market is expected to thrive owing to the rising use of pesticides in agricultural activities. Pesticide includes monoethanolamine in its formulation. As a result, the expansion of agricultural activities supports the growth of the monoethanolamine industry.
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Monoethanolamine: Market Segmentation
Monoethanolamine, variously known as β-Aminoethanol, is an organic compound having characteristics such as being colourless, flammable, and toxic. It produces an ammonia-like odour. The product is widely used in pure form and in the liquid form.
On the basis of application, the market is divided into:
- Detergents
- Personal Care
- Textile
- Wood Preservation
- Agrochemical
- Metal Cutting
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from Textile Industry to Aid the Global Market Growth of Monoethanolamine
The market is driven by the extensive application of monoethanolamine in the chemical industry and detergents and personal care products. Further, the metal cutting applications offered by monoethanolamine are finding great use in the textile industry. The product finds application in textiles in the preparation of softeners and dye auxiliaries due to its hygroscopic property derived principally from alcohols. Monoethanolamine is used in the lubricants to prevent them from corroding due to the presence of acidic additives.
Within the chemical industry, the product is used in the removal of primary contaminant carbon dioxide (Co2) and hydrogen sulphide, popularly known as gas scrubbing or gas sweetening. Further, the demand for the product is rising in the production of laundry detergents as it offers alkaline permissibility, which makes it suitable for cleaning and prevents the deposition of soil or dirt on clothes.
Key Industry Players in the Global Monoethanolamine Market
The report gives a detailed analysis of the following key players in the global monoethanolamine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Nippon Shokubai Co., Ltd.
- BASF SE
- Dow Chemical Company
- Nouryon
- Saudi Basic Industries Corporation (SABIC)
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Monoethanolamine Market Analysis
8.1 Key Industry Highlights
8.2 Global Monoethanolamine Historical Market (2018-2023)
8.3 Global Monoethanolamine Market Forecast (2024-2032)
8.4 Global Monoethanolamine Market by Application
8.4.1 Detergents
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Personal Care
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Textile
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Wood Preservation
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Agrochemical
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Metal Cutting
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Monoethanolamine Market by Region
8.5.1 North America
8.5.2 Europe
8.5.3 Asia Pacific
8.5.4 Latin America
8.5.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 292211)
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Manufacturing Process
14.1 Overview
14.2 Detailed Process Flow
14.3 Operation Involved
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nippon Shokubai Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BASF SE
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Dow Chemical Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nouryon
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Saudi Basic Industries Corporation (SABIC)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
Additional Customisations Available:
1 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Monoethanolamine Market: Key Industry Highlights, 2018 and 2032
2. Global Monoethanolamine Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
3. Global Monoethanolamine Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
4. Global Monoethanolamine Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
5. Global Monoethanolamine Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
6. North America Monoethanolamine Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
7. North America Monoethanolamine Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
8. Europe Monoethanolamine Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
9. Europe Monoethanolamine Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
10. Asia Pacific Monoethanolamine Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
11. Asia Pacific Monoethanolamine Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
12. Latin America Monoethanolamine Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
13. Latin America Monoethanolamine Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
14. Middle East and Africa Monoethanolamine Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
15. Middle East and Africa Monoethanolamine Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
16. Major Importing Countries by Volume
17. Major Exporting Countries by Volume
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. North America Historical Price Trends and Forecast 2018-2032
21. Europe Historical Price Trends and Forecast 2018-2032
22. Asia Pacific Historical Price Trends and Forecast 2018-2032
23. Latin America Historical Price Trends and Forecast 2018-2032
24. Middle East and Africa Historical Price Trends and Forecast 2018-2032
25. Global Monoethanolamine Market Structure
Key Questions Answered in the Report
In 2023, the global monoethanolamine market attained a volume of 2.04 million metric tons.
The market is projected to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 2.75 million metric tons by 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, increasing hygiene awareness, rising demand from the developing regions for detergents, and growing demand from application segments, are expected to aid the market growth.
The key trend guiding the growth of the market includes the rising use of the product in gas scrubbing.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the industry are detergents, personal care, textile, wood preservation, agrochemical, and metal cutting, among others.
The major players in the industry are Nippon Shokubai Co., Ltd., BASF SE, Dow Chemical Company, Nouryon, and Saudi Basic Industries Corporation (SABIC), among others.
Analyst Review
The global monoethanolamine market attained a volume of 2.04 million metric tons in 2023, driven by rising demand for detergents. Aided by the rising demand from the textile industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.4%. The market is projected to reach 2.75 million metric tons by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is segmented into detergents, personal care, textile, wood preservation, agrochemical, and metal cutting, among others. The major regional markets for monoethanolamine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nippon Shokubai Co., Ltd., BASF SE, Dow Chemical Company, Nouryon, and Saudi Basic Industries Corporation (SABIC), among others.
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 market insights that are accurate, actionable, and help them remain ahead of their competition.
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