Ethanolamine, also known as 2-aminoethanol or monoethanolamine, is an organic chemical compound that is both primary amine and primary alcohol. Ethanolamine is a corrosive, colourless, flammable, viscous and poisonous liquid substance. Ethanolamine is the second most abundant phospholipid head-group material. Ethanolamine is also used for messenger molecules such as palmitoylethanolamide.
MARKET DYNAMICS
The growing demand from end-user industries, such as herbicides, detergents, and personal care, drives the global market's ethanolamines. Furthermore, rising demand from emerging markets such as India and China, coupled with new wood preservation applications, construction chemicals corrosion inhibitors for metal safety, are also expected to increase global demand for ethanolamine. Moreover, the low cost of producing ethanolamine, particularly in emerging markets such as India, affects ethanolamine manufacturers to invest more in this region, which will boost its demand in the market. Additionally, demand from other applications, such as paints & coatings, cosmetics, textiles, and additives, is also likely to help the global industry expand in the years to come. Furthermore, rising convergence in the value chain and a fragmented market heading towards consolidation within a few leading players is likely to increase competition, which will surge its demand.
MARKET SCOPE
The "Global Ethanolamines Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ethanolamines market with detailed market segmentation by type, flavor , application and geography. The global ethanolamines market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ethanolamines market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ethanolamines market is segmented on the basis of product and application. On the basis of product the global ethanolamines market is segmented into monoethanolamines (MEA), Diethanolamines (DEA), Triethanolamines (TEA), and others. Based on application the global ethanolamines market is segmented into surfactants, chemical intermediates, herbicides, gas treatment, cement, and others.
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 ethanolamines market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ethanolamines 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 ethanolamines market from both demand and supply side and further evaluates market dynamics affecting the market during 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 ethanolamines market in these regions.
MARKET PLAYERS
The reports cover key developments in the ethanolamines 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ethanolamines market are anticipated to lucrative growth opportunities in the future with the rising demand for ethanolamines in the global market. Below mentioned is the list of few companies engaged in the ethanolamines market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ethanolamines 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.
- INEOS Oxide Ltd.
- Huntsman Corporation
- China Petroleum & Chemical Corporation
- Thai Ethanolamines Co., Ltd,
- Sinopec Shanghai GaoQiao Petrochemical Corporation
- Akzo Nobel
- Shijiazhuang Haisen Chemical Co., Ltd
- Alkyl Amines Chemicals Ltd.
- Daicel Chemical industries Ltd
- Celanese Corporation
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.