Market Insights
Chelating agents create water-soluble metal complexes, increasing lather production and lowering surface tension. Because it has both a primary and secondary amine group that can be used to create metal complexes, amino ethyl ethanol amine (AEEA) is employed as a chelating agent. It is taking the place of potential chelating agents like phosphonates and citric acid. In recent years, there has been a large demand for detergents and home cleansers. The market has grown as a result of evolving consumer behaviors, such as the usage of online stores to buy household goods. Because of their growing populations and increased awareness of personal hygiene, the U.S., China, and Japan have higher household cleaning product demand than other countries. Overall, the aminoethylethanolamine market is estimated to grow at a CAGR of 4.9% during the forecast period.
Segment Analysis
Based on the grade type, the aminoethylethanolamine market is segmented into >99 and <99. The >99 segment is expected to remain the larger and faster-growing type in the market during the forecast period This large proportion can be attributed to the grade type's extensive use across numerous end-use sectors. Due to its characteristics, including low vapor pressure, adaptability, and high viscosity, AEEA is utilized in a range of sectors.
Some of the top manufacturers of grade AEEA goods with 99% and >99% purity include Dow Chemical, Nouryon, Prasol Chemicals, and Huntsman Corp. Aminoethylethanolamine is frequently used as a chelating agent and as an addition for latex paints and has a concentration of more than 99%. In addition, it serves as a dispersion in a variety of lubricants, including motor oil. The high viscosity, tolerance to challenging climatic conditions, versatility, and other advantages of >99% AEEA are only a few.
Based on the application type, the aminoethylethanolamine market is segmented into chelating agents and lubricants. Lubricants are expected to remain the dominant application type in the market during the forecast period This growth can be attributed to the rising demand for lubricant additives to improve lubricant characteristics for improved machine and vehicle performance. In order to improve the performance of their lubricant products and hence, get a larger market share, major lubricant makers depend on the ongoing purchase of fuel additives.
In terms of regions, Asia-Pacific is expected to remain the largest market for aminoethylethanolamine during the forecast period, followed by North America, and Europe, due to the rapidly expanding end-use industries, such as lubricants and textiles, in China, Indonesia, Japan, India, and Thailand because of the easy accessibility of skilled labor and raw materials. For many automakers, the Asia-Pacific region is a major source of the premium lubricants they frequently need.
Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the aminoethylethanolamine market:
- AkzoNobel
- Ashland
- Dow Inc.
- Huntsman International
- TCI Chemicals Ltd.
- Tosoh Corporation
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aminoethylethanolamine market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a 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 Grades, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The aminoethylethanolamine market is segmented into the following categories:
Aminoethylethanolamine Market, by Grade Type
- >99 (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- <99 (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aminoethylethanolamine Market, by Application Type
- Chelating Agent (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aminoethylethanolamine Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three 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 the 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
