Ethanolamines market Demand, Recent Trends and Developments Analysis 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-25
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Ethanolamines market Demand, Recent Trends and Developments Analysis 2025

Herbicides and chemical intermediates sectors are anticipated to contribute significantly towards ethanolamines market growth over 2016-2024. The growth can be attributed to the increasing use of these agrochemicals in the farming activities and other end use sectors. Extensive application of ethanolamines in other sectors such as paints & coatings, textiles, and cosmetics is projected to propel the market growth over the next few years.

Ethanolamines market size is anticipated to reach USD 3.98 billion by 2024, owing to its growing use as a feedstock in detergents, pharmaceuticals, chemical intermediates, emulsifiers, and corrosion inhibitors. Moreover, wide applications of this organic chemical compound in surfactants, agrochemicals, cement, herbicides, and gas treatment sectors is forecast to boost ethanolamines industry growth over the next few years. Furthermore, rising government subsidies for its usage is further predicted to drive ethanolamines market trends over the coming years.

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Growth Drivers are

  • Increasing demand for agrochemicals such as Glyphosate
  • Growth in surfactant market

Ethanolamines Product Analysis (Volume, Kilo Tons & Revenue, USD Million; 2013 - 2024)

  • Monoethanolamines
  • Diethanolamines
  • Triethanolamines  

Ethanolamines Application Analysis (Volume, Kilo Tons & Revenue, USD Million; 2013 - 2024)

  • Surfactants
  • Chemical Intermediates
  • Herbicides
  • Gas Treatment
  • Cement
  • Others

Furthermore, it also finds application as a dispersing agent in rubber latex, dyes, and casein. Diethanolamines market price worth USD 1 billion in 2015, is expected to grow at a rate of 4% over the period of 2016-2024. The growth can be attributed to its application in wax, cosmetics, agrochemicals, detergents, and soluble oils production.Major ethanolamines products include monoethanolamine, triethanolamines, and diethanolamines. Triethanolamines market, which dominated the product segment in 2015, is anticipated to witness a substantial growth over the next few years, owing to its extensive use as intermediates in cement additives, surface active agents, and bathroom products.

Asia Pacific ethanolamines market size worth USD 1 billion in 2015, is forecast to witness a high growth in the near future, owing to its growing application in farming activities. Furthermore, its growth can also be credited to strong infrastructural development as well as high demand from natural gas processing sector. India and China are predicted to contribute considerably towards the regional share.

North America ethanolamines industry share is forecast to grow significantly over the coming years. U.S. ethanolamines market is expected to exceed USD 800 million by 2024. Latin America ethanolamines market size is anticipated to witness a significant growth over the period of 2016-2024.

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Key industry participants profiled in the report include SABIC, Huntsman Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., BASF-YPC Company Limited, Thai Ethanolamines Company Limited, Akzo Nobel N.V., China Petroleum & Chemical Corporation, INEOS Group and Sintez OKA LLC.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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