ETAs are organic chemical compounds and refer to a viscous and colorless liquid with an odor similar to that of ammonia. ETAs comprise a group associated with amino alcohols that include doxylamine, carbinoxamine, dimenhydrinate, clemastine, and diphenhydramine. ETA is usually used in the process of alkalization of water in power plants including pressurized water reactors and nuclear power plants associated with steam cycles. The alkalization process is performed to control metal corrosion. ETA is preferred in these applications as it eliminates the accumulation of corrosion in crevices and steam generators owing to its volatility.
Technavio’s analysts forecast the global ethanolamines market to grow at a CAGR of 4.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ethanolamines market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ethanolamines Market 2017-2021
Technavio recognizes the following companies as the key players in the global ethanolamines market: Akzo Nobel, BASF, INEOS Group Holdings, Huntsman International, SABIC, and The Dow Chemical.
Other Prominent Vendors in the market are: Daicel, Jiangsu Yinyan Specialty Chemicals, PTT Global Chemical Public Company, and Sintez OKA Group of Companies.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is alkylation of ETAs: An approach to a novel class of functional surfactants. One of the emerging trends in the global ETAs market is the alkylation of ETAs. This has emerged as a novel approach to the production of a novel class of surfactants. The market has witnessed the synthesis of certain dimeric and monomeric surfactants with head groups ranging from TEA to DEA synthons.”
According to the report, one driver in the market is burgeoning demand from the cosmetics and personal care industry. The global ETAs market is fueled by the demand for ETAs from applications in the cosmetics and personal care industry. Particularly, TEA has found an increased preference in cosmetic products such as mascara, eyeshadow, fragrance, concealer, and foundation, thereby strengthening the global ETA market. It is also included in hair care products such as wave sets and hair dyes. Further, TEA is a common ingredient in shaving gels and creams and in sunscreens. The function of TEA is to balance the pH of a commodity or product. It is also employed as an emulsifier to assist the retention of a relatively more homogenous appearance of products and to spread creams evenly over the skin.
Further, the report states that one challenge in the market is limited scope for the expansion of the amines market in developed countries. The global ETAs market is influenced by the functioning of the global amines market. ETA is one of the major types of amines consumed globally. The global amines market is witnessing a shift in the manufacturing sites from the west to the east, especially after the period of recession. Therefore, the focus on the production of amines has shifted from the developed regions such as North America and Europe toward the developing regions of the world. In essence, the current production of amines is being propelled by the emerging markets in the APAC region backed by the availability of inexpensive labor and increased demand for amines in the region.
Akzo Nobel, BASF, INEOS Group Holdings, Huntsman International, SABIC, and The Dow Chemical, Daicel, Jiangsu Yinyan Specialty Chemicals, PTT Global Chemical Public Company, and Sintez OKA Group of Companies.