Ethanolamines Market Size and Growth Forecast by 2030

Ethanolamines Market is Expected to Reach $5,079.0 Million by 2030

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Owing to the rising demand for surfactants, the global ethanolamines market is predicted to grow from $2,933.5 million in 2019 to $5,079.0 million by 2030, at a 5.0% CAGR between 2020 and 2030. With the increase in the disposable income of people living in the Latin American (LATAM) and Asia-Pacific (APAC) regions, coupled with the rising awareness among them about personal hygiene, the demand for detergents and soaps is rising.

Due to this factor, the ethanolamines market is prospering, as surfactants are an important ingredient of soaps and detergents. The consumption of ethanolamines as surfactants, in such fast-moving consumer goods (FMCG), is increasing on account of their ability to disperse foreign particles from surfaces. Additionally, ethanolamines form sufficient froth when they come in contact with lauryl sulphate, neutralize fatty acids, are alkaline in nature, and form base surfactants in shampoos.

The COVID-19 pandemic has slowed down the growth of the ethanolamines market, as the operations at downstream product manufacturing plants, especially in China, have stopped. Similarly, the market in Europe has also suffered, due to the curtailed output of ethanolamine-containing products from U.S. plants.

Ethanolamines Market Segmentation Analysis In the years to come, the diethanolamine (DEA) category, on the basis of type, would grow with the highest CAGR in the ethanolamines market, of 6.2%, in terms of value. This would be a result of the wide usage of this compound as an ingredient in soaps and detergents and in treating natural gas and crude oil and producing glyphosate. In addition, the consumption of surfactants and herbicides is expected to increase in APAC and North America, where these products are also more expensive than in other regions.

Browse full report at: https://www.psmarketresearch.com/marketanalysis/ethanolamine-market The surfactants division, based on application, held the largest share in the ethanolamines market during 2015–2019, and the situation is predicted to remain unchanged throughout this decade. When used as a surfactant, ethanolamines display an emulsifying character, which is why their usage is increasing in the production of gel-type cleaners, industrial detergents, body lotions, shaving creams, soap bars, and shampoos.

Till 2019, APAC dominated the ethanolamines market, and it is also expected to witness the fastest industry growth in the near future, owing to huge import volumes. China imported almost one-fourth of the ethanolamines it consumed in 2019, which amounted to around 168.4 kilotons, from Saudi Arabian and Thai manufacturers. Further, the high ethanolamine processing volume and increasing

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demand for chemicals and metalworking fluids from several end-use sectors will continue to drive the market growth in the region.

Working Together Being Seen as Definitive Growth Strategy In order to grow in the ethanolamines market, companies offering the compound and its derivatives are merging, partnering, and collaborating with or acquiring each other.

For instance, in November 2019, Baker Hughes signed an agreement with Sadara Chemical Company to receive feedstock chemicals from the latter company for its PlasChem Park, Saudi Arabia chemical plant. Under the agreement, Baker Hughes will receive propylene oxide and ethylene oxide (a key raw material for producing ethanolamines) over a 20-year period, via pipelines.

In the same vein, in January 2019, INEOS Group Holdings S.A. acquired the Lavera ethoxylation production assets and employees of Wilmar France Holdings S.A.S., a subsidiary of the Singapore-based Wilmar International Ltd. As part of the deal, a toll manufacturing agreement was also signed, for Wilmar to secure a supply of surfactant products manufactured at the European ethoxylation plants of INEOS Group Holdings S.A. Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/ethanolaminemarket/report-sample The key players functioning in the global ethanolamines market are Nouryon, BASF SE, LyondellBasell Industries N.V., The Dow Chemical Company, INEOS Group Holdings S.A., Huntsman Corporation, Mitsui Chemicals Inc., KPX Green Chemical, Oriental Union Chemical Corporation, Nippon Shokubai Co. Ltd., PETRONAS, Oxiteno, Sadara Chemical Company, Sintez OKA, Saudi Kayan Petrochemical Company, Sasol Limited, and Sinopec Group.

Ethanolamines Market Size Breakdown by Segment

By Type •

Monoethanolamine (MEA)

•

Diethanolamine (DEA)

•

Triethanolamine (TEA)

By Application •

Herbicides

•

Surfactants

•

Chemicals

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•

Gas Treatment

•

Cement

•

Others

By Geography •

•

North America Ethanolamines Market o

By type

o

By application

o

By country – U.S. and Canada

Europe Ethanolamines Market o

By type

o

By application

o

By country – Germany, Sweden, Belgium, Russia, France, Spain, U.K., and Rest of Europe

•

•

Asia-Pacific (APAC) Ethanolamines Market o

By type

o

By application

o

By country –China, Japan, India, South Korea, and Rest of APAC

RoW (Rest of the World) Ethanolamines Market o

By type

o

By application

o

By country – Brazil, Saudi Arabia, Mexico, and Others

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