Ethanolamine Market Analysis

Market Insights

"The global ethanolamine market is estimated to grow from USD 3.53 billion in 2023 and is likely to grow at a CAGR of 3.90% during 2023-2028 to reach USD 4.28 billion by 2028."

Would you like to get a free sample? Register Here

Ethanolamine is a clear and somewhat viscous liquid that has a rather pungent, ammoniacal odor. The molecule is an amphoteric molecule because it has both primary amine and primary alcohol functional groups. Ethanolamine finds its application as an intermediate in the synthesis of detergents, emulsifiers and pharmaceuticals and also for the purpose of alkalinisation of water in power stations to prevent corrosion has contributed towards its importance.

Some of the crucial drivers that influence the market for ethanolamine include; the growing consumer consensus to embrace green products, growing concern in environmental concerns during production palettes, and its uses as a corrosion inhibitor as well as a surfactant in many industries. Technological change is also relevant here since new technologies that affect production, making it cheaper help to shape the market. This is so because the acceptance of ethanolamines in agriculture, personal care, and textile markets is increasingly becoming popular thus enhancing market growth. However, fluctuating prices of raw materials and the integration effects of COVID-19 on the market remain some of the issues that arise.

Segments Analysis

Product Insights

"Triethanolamines segment accounted for the largest market share."

The market is segmented into monoethanolamines, diethanolamines, and triethanolamines. Triethanolamines are estimated to account for the major share of the market during the forecast period on account of their wide range of applications in various end-uses such as fragrances, hair care products, shaving products, wave sets, sunscreen, and others.

Application Insights

"Surfactants segment accounted for the largest market share."

The market is segmented into surfactants, chemical intermediates, herbicides, gas treatment, cement, and others. Surfactants are estimated to be the leading segment of the market during the forecast period. Their widespread use as emulsifying agents, boosters, or anti-static agents in a variety of applications defines the growth of the segment.

Regional Trends

"Asia-Pacific accounted for the largest market share."

In terms of regions, Asia-Pacific captured the largest share of the market in 2022 and is estimated to be the leading region in the market during the forecast period. The region is expected to witness healthy growth based on strong domestic consumption; China and India are the growth engines of the region. North America and Europe are also estimated to offer substantial growth opportunities during the forecast period.

Would you like to get a free sample? Register Here

Key Players

Some of the key players in the ethanolamine market are: 

• Akzo Nobel N.V.,
• BASF-YPC Company Ltd.,
• China Petroleum & Chemical Corporation,
• Huntsman Corporation,
• INEOS Group Ltd.,
• LyondellBasell Industries N.V.,
• SABIC, Sintez OKA LLC,
• Thai Ethanolamines Co. Ltd.,
• The Dow Chemical Company.

Note: The above list does not necessarily include all the top players of the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market

What Deliverables Will You Get in this Report?

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The ethanolamine market is segmented into the following categories:

By Product Type:

• Monoethanolamines 
• Diethanolamines
• Triethanolamine

By Application Type:

• Surfactants
• Chemical Intermediates
• Herbicides
• Gas Treatment
• Cement
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.