The global ethanolamine market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key factors for the market growth include rising per capita disposable income coupled with general awareness among consumers, low cost of production of ethanolamine substance, increasing demand from end-user industries, huge growth in emerging economies and rising demand of surfactants and other chemicals. However, fluctuating raw material prices, stringent regulations and adverse health concerns are inhibiting the market growth.
Global ethanolamine market segmented on the basis of type, application, end user and region.
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Diethanolamine (DEA) Dominate the Global Ethanolamine Market
Based on product type, global ethanolamine market segmented into diethanolamine (DEA), monoethanolamine (MEA) and triethanolamine (TEA). Diethanolamine segment held considerable market share during forecast period. Diethanolamine is a member of the class of ethanolamines that is ethanolamine having an N-hydroxyethyl substituent. DEA is an oily, colorless liquid or solid white crystals and has a slight rotten fish or ammonia odor. It is very soluble in water and ethanol, and slightly soluble in ethyl ether and benzene. It has a role as a human xenobiotic metabolite. It derives from an ethanolamine. It is also used in textile processing, in industrial gas purification to remove acid gases, as an anticorrosion agent in metalworking fluids, and in preparations of agricultural chemicals.
North America Leads the Global Ethanolamine market
PBI’s global ethanolamine market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted for larger revenue share in global ethanolamine market with considerable CAGR. The growth in this region is due to growth in demand for ethanolamine across various end-user industries and growth of the surfactants industry. In addition, Asia Pacific held considerable market share during estimated period owing to low cost production specifically in India, industrial sector growth coupled with rising per capita income. Also, china and India are the major contributors for the growth of the market in this region.
Strategic Launches are the key strategies adopted by market players
Global ethanolamine market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are DOW, BASF, Ineos Oxides, Huntsman, Akzo Nobel, Nippon Shokubai, Mitsui Chemicals, KPX Green, Arak Petrochemical Company, OUCC, Yinyan Specialty Chemicals, Jiahua, Xian Lin Chemical, Maoming Petro Chemical Shihua and JLZX Chemical.
Precision Business Insights (PBI) in its report titled “Global Ethanolamine Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Diethanolamine (DEA)
o Monoethanolamine (MEA)
o Triethanolamine (TEA)
o Gas Treatment
o Water Treatment
By End User
o Personal Care
o Rubber, Oil & Petrochemical
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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