N-Methyl Diethanolamine (MDEA) Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
N-Methyl Diethanolamine is also known as Methyl Diethanolamine or MDEA with chemical formula CH3N (C2H4OH)2. MDEA is a colorless yellow liquid with ammonia odor. It is used as decarbonizer and sweetening agent in gas synthesis, oil refinery, chemical, and natural gas. The N-Methyl Diethanolamine (MDEA) market is projected to grow substantially over the forecast period attributing to increasing demand for carbon capture and sequestration (CCS) coupled with growing demand for MDEA from oil & gas industry. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2695 Greenhouse gas (GHG) emission is increasing globally, owing to increasing urbanization. For instance, according to the U.S. Environmental Protection Agency, total U.S. greenhouse gas emission was 6,456.7 million metric tons of carbon dioxide equivalents in 2017, of which 82% was carbon dioxide itself. Carbon Capture and Sequestration (CCS) provides sustainable solution for reducing GHG emission. CO2 emission is controlled in CCS process by first collecting/absorbing CO2 from industrial process streams, which is then stored underground, by which CO2 will not be released to the atmosphere. MDEA efficiently absorbs CO2 and therefore, it is considered as a potential absorbent in the carbon capture process in CCS. Increasing awareness regarding lowering of GHGs and demand for efficient CCS technology is expected to drive growth of N-Methyl Diethanolamine (MDEA) market. For instance, Gas Technology Institute (GTI) is investigating a membrane contactor for pilot-scale CO2 capture system based on polyether ether ketone hollow fiber membranes, which utilizes MDEA as an amine solvent to capture CO2. However, adverse effects of MDEA on environment & availability of substitutes is expected to hinder the growth of the global N-methyl diethanolamine (MDEA) market over the forecast period.