Global ethanolamines market, 2024-2030

Ethanolamine (2-aminoethanol, monoethanolamine) is an organic chemical compound with the formula HOCH2CH2NH2 (C2H7NO). It contains primary alcohol and primary amine, acting bifunctional. It is used in various dispersions and solutions. Ethanolamine is a colorless, flammable, corrosive, toxic and viscous liquid material. It is used as feedstock in the production of detergents, emulsifiers, polishes, pharmaceuticals, corrosion inhibitors, and chemical intermediates. Monoethanolamine is a weak base and this property is exploited in its use in gas scrubbing. Monoethanolamines can scrub combusted coal, combusted methane and combusted biogas flue emissions of carbon dioxide (CO2) very efficiently. It issecond most abundant head group substances for phospholipids.Based on the organic compounds, it can be classified as triethanolamine (TEA), monoethanolamine (MEA) and diethanoamine (DEA).

The global ethanolamines market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global ethanolaminesmarket is growing at a fast pace and increasing its geographical footprint rapidly. The global ethanolaminesmarket is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The growth is comparatively higher in Asia Pacific region due to increasing awareness and application in construction chemicals and corrosion inhibitors for metal protection industry. The major growth driver for ethanolaminesmarket globally is the rapid expansion of use in personal care product industry. Another reason to increases the market of ethanolamines is increases the used in wood preservation and agrochemicals production.

Ethanolamines enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of ethanolaminesmarket globally. The companies that lead global ethanolamines market are BASF SE, Huntsman International LLC, DOW, and Akzo Nobel N.V.

Research Methodology

The research process includes the market segmentation of the global ethanolamines market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global ethanolamines industry dynamics
• Estimation of the present global ethanolamines market size in terms of value and volume
• Global ethanolamines market breakup based on types and applications.
• Substantiated global ethanolamines market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global ethanolamines industry value chain

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