Global Ethanolamines Market

Ethanolamine is an organic chemical compound and is a colourless, viscous liquid with an odor reminiscent to that of ammonia and is used as a feedstock in the manufacture of monoethanaolamines(MEA), diethanolamines(DEA), triethanolamines(TEA) which possesses wide range of applications in the production of detergents, chemical intermediaries, corrosion inhibitors, pharmaceuticals, emulsifiers, fabric softeners, paints,inks, adhesives, biocides amongst a host of others.

Market Dynamics

Given that TEA is employed in the construction industry to aid the cement grinding process and also as performance enhancers which reduces the energy consumption during cement production, the growth of the construction industry considering the rapid urbanization and industrialization across the world is seen as one of the primary drivers of growth of the global Ethanolamine market in the coming years. Rising demand from development of new applications and markets such as glyphosate herbicides owing to their use in the cultivation of genetically modified crops whose popularity has been on the rise, wood preservation, corrosion inhibitors for metal protection, demand from natural gas processing considering that DEA is used to eliminate carbon-dioxide and hydrogen sulphide from natural gas are also projected to be significant demand drivers for the global ethanolamines market.Growing demand for agrochemicals, surfactants which are used in heavy-duty laundry detergents, industrial cleaners, cosmetics, and other foam-based personal care products, government subsidies, and increasing demand from end-user industries in regions such as India and China are some of the other factors which are also expected to drive the global ethanolamines market.

Stringent regulations amidst the health concerns caused by the ill-effects of these chemicals on human well-being, Volatility in crude oil prices leading to unstable prices of raw materials, and increasing integration in the value chain in an industry, with the only entry barrier being high initial investment, characterised by fragmentation and moving towards consolidation expanding competition are some of the challenges faced by the global ethanolamine market. For instance, The European Commission had banned the use of DEA in cosmetics to reduce contamination from carcinogenic nitrosamines. There also have been medical studies conducted in the past which have substantiated the effect of ethanolamine usage on human liver and links between their usage and liver tumours restricting the vast array of available applications.

Market Segmentation

The market for Ethanolamines is segmented on the basis of region into

--> Americas

--> EMEA

--> Asia-Pacific

The market can also be segmented on the basis of product type into

--> Monoethanolamines (MEA)

--> Diethanolamines (DEA)

--> Triethanolamines (TEA)

It can also be segmented on the basis of application into

--> Surfactants

--> Herbicides

--> Textiles

--> Chemical Intermediaries

--> Gas treatment

--> Metal treatment

Regional/Geographic Analysis

Americas:

The market for ethanolamines in North America has been powered by the rising production of glyphosate-based herbicides on account of the concentration of prominent herbicide manufacturers in the US and Gas treatment entailing high demand for gas sweetening agents is expected to be one of primary demand drivers for ethanolamines in the Latin American market

Asia Pacific:

The ethanolamines market in Asia-Pacific is spurred by the strong infrastructure growth, rapid industrialization increasing the use of ethanolamines in various end-user industries, burgeoning middle class with an increasing disposable income leading to personal care products and cosmetics. Emerging economies like India have attracted investments from ethanolamine manufacturing companies owing to their low cost of production and are anticipated to remain a key driving factor for regional market growth over the forecast period.

EMEA:

Even though Europe is expected to exhibit moderate-low growth rate due to market saturation in the various application segments and the search for alternates to substitute the growing demand for other applications, rising surfactants demand is believed to propel the market growth over the forecast period. The market in Middle-East, particularly GCC countries is expected to be driven by its application in gas processing and construction industries.

Key Players

Some of the key players in this market are:

--> Akzo Nobel

--> BASF

--> INEOS Group Holdings

--> Huntsman International

--> SABIC

--> The Dow Chemical

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage