According to Stratistics MRC, the Global Ethanolamine Market is accounted for $2.84 billion in 2020 and is expected to reach $4.88 billion by 2028 growing at a CAGR of 7.0% during the forecast period. While the factors like growing demand for ethanolamines from corrosion inhibitors for metal protection and increasing demand from applications including glyphosate herbicides and corrosion inhibitors for metal protection are propelling the market growth. However, volatility in raw materials prices is hindering market growth.
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By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the largest consumption from countries, such as China and India. China is one of the fastest-growing economies, globally, and almost all the end-user industries are growing, owing to the rising population, living standards, and per-capita income.
Some of the key players profiled in the Ethanolamine Market include Akzo Nobel , Arak Petrochemical Company, BASF SE, DOW, Huntsman, Indorama Ventures Limited, Ineos Oxides, Jiahua, JLZX Chemical, KPX Green, LyondellBasell Industries N.V., Maoming Petro-Chemical Shihua, Mitsui Chemicals, Nippon Shokubai, Nouryon, Penta Manufacturer, SABIC, Sintez OKA Group of Companies, Xian Lin Chemical, and Yinyan Specialty Chemicals.
Product Types Covered:
• Diethanolamine (DEA)
• Monoethanolamine (MEA)
• Triethanolamine (TEA)
Raw Materials Covered:
• Ammonia
• 1-Ethylene Oxide
• 2-Ethylene Oxide
• 3-Ethylene Oxide
End Users Covered:
• Agriculture
• Agrochemical
• Cement
• Chemical
• Cleaning
• Construction
• Cosmetics
• Detergents/Cleaners/Fabric Softeners
• Ethyleneamines
• Gas Purification
• Gas Treatment
• Herbicides
• Lubricants
• Metal Cleaning
• Metallurgy and Metalworking
• Oil and Gas
• Pesticides
• Petrochemical
• Pharmaceuticals
• Polyurethane
• Printing Inks
• Rubber
• Surfactant in Personal Care
• Textiles and Textile Additives
• Water Treatment
• Wood Preservatives
• Absorbents
• Corrosion Inhibitors
• Solvents
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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