Overview

Ethanolamine Market Introduction

Global Ethanolamine Market is anticipated to reach over US $ 4 Billion by 2027 end growing at a CAGR of over 5% during the forecast period of 2020 to 2027.

Ethanolamine is primarily used in the formulation of polishes, chemical intermediates, and emulsifiers. The ethanolamine market is segmented into monoethanolamine, diethanolamine, and triethanolamine. Monoethanolamine and Diethanolamine are vastly used for the production of emulsifiers and polishes. Whereas, triethanolamine is commonly used as the prevention of corrosion in automobiles.

Accelerated use of the ethanolamine in cleaning and personal care industry has escalated the growth of the market. The rapid demand of monoethanolamine and diethanolamine as gas sweetening agents is also complementing the growth of the market. Furthermore, the demand for most consumed herbicides; glyphosate is also driving the growth of the market. The gradual rise in surfactants is also boosting the growth of the market.

However, fluctuating prices of raw materials are expected to hamper the growth of the market.
North America controls the majority of the market. Asia-Pacific region is expected to witness high market growth in the coming years. Favorable government policies in the US and Canada are fueling the growth of the market. The US and China remain the biggest consumers of ethanolamine. The rise in innovation and increased development is forecasted to further uplift the market.

Prominent players of the market are Dow Chemical Corporation, BASF, CNPC, Daicel Chemical Industries, Fushun Beifang Chemical Co.Ltd, Alkyl Amines Chemicals Ltd, and Celanese Corporation.

Ethanolamine Market Segmentation:
By Product
• Monoethanolamine
• Diethanolamine
• Triethanolamine
By End User
• Polyurethane
• Personal Care
• Chemical
• Agrochemical
• Rubber
• Oil & Petrochemical
• Others
By Region
• Europe
• North America
• APAC
• Latin America
• Rest of World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on ethanolamine market based on the product, end users and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies