MARKET OVERVIEW
Ethanolamines such as Diethanolamine (DEA), Monoethanolamine (MEA), and Triethanolamine (TEA) are the ammonia compounds that are utilized as feedstock to produce polishes, pharmaceuticals, detergents, and chemical intermediates. These are present in numerous consumer and household cleaning products such as sunscreens, shampoos, and make-up bases. In addition, ethanolamines are industrially used as an absorbent for gas treatment, as emulsifiers or foaming agents in cleaning products, and corrosion inhibitors.
MARKET SCOPE
The “Global Ethanolamine Market Analysis to 2028” is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ethanolamine market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading ethanolamine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global ethanolamine market is segmented into Monoethanolamine (MEA), Diethanolamine (DEA) And Triethanolamine (TEA)
- Based on application, the market is bifurcated into Surfactants, Chemical Intermediates, Gas Treatment, Others.
MARKET DYNAMICS
Drivers-
- Increasing demand from cosmetics, personal care, herbicides, agrochemical, and other end-user industries
- Promising growth of the surfactant industry
Restraints-
- The instability in the prices of the raw material
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ethanolamine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ethanolamine market in these regions.
IMPACT OF COVID-19 ON ETHANOLAMINE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
KEY MARKET PLAYERS
The report covers key developments in the ethanolamine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ethanolamine market are anticipated to lucrative growth opportunities in the future with the rising demand for ethanolamine in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ethanolamine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amines and Plasticizers ltd.
- Equistar
- LyondellBasell Industries Holding BV
- Nippon Shokubai
- Sasol
- Air Liquide
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- LG Chem
- Linde PLC
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.