N-Methyl Diethanolamine (MDEA) Market - Size, Share, Outlook, and Opportunity An

Posted by Apeksha on June 27th, 2019

N-Methyl Diethanolamine is also known as Methyl Diethanolamine or MDEA with chemical formula CH3N (C2H4OH)2. MDEA is a colorless yellow liquid with ammonia odor. It is used as decarbonizer and sweetening agent in gas synthesis, oil refinery, chemical, and natural gas. The N-Methyl Diethanolamine (MDEA) market is projected to grow substantially over the forecast period attributing to increasing demand for carbon capture and sequestration (CCS) coupled with growing demand for MDEA from oil & gas industry.

Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2695

Greenhouse gas (GHG) emission is increasing globally, owing to increasing urbanization. For instance, according to the U.S. Environmental Protection Agency, total U.S. greenhouse gas emission was 6,456.7 million metric tons of carbon dioxide equivalents in 2017, of which 82% was carbon dioxide itself. Carbon Capture and Sequestration (CCS) provides sustainable solution for reducing GHG emission. CO2 emission is controlled in CCS process by first collecting/absorbing CO2 from industrial process streams, which is then stored underground, by which CO2 will not be released to the atmosphere.

MDEA efficiently absorbs CO2 and therefore, it is considered as a potential absorbent in the carbon capture process in CCS. Increasing awareness regarding lowering of GHGs and demand for efficient CCS technology is expected to drive growth of N-Methyl Diethanolamine (MDEA) market. For instance, Gas Technology Institute (GTI) is investigating a membrane contactor for pilot-scale CO2 capture system based on polyether ether ketone hollow fiber membranes, which utilizes MDEA as an amine solvent to capture CO2.

However, adverse effects of MDEA on environment & availability of substitutes is expected to hinder the growth of the global N-methyl diethanolamine (MDEA) market over the forecast period.

The global N-methyl diethanolamine (MDEA) market was valued at US$ 576.3 Mn in 2018, and is expected to register a CAGR of 4.8% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 865.2 Mn by 2027.

Asia Pacific accounted for the largest revenue share of 34.0% in the global N-methyl diethanolamine (MDEA) market in 2018. The region is also projected to record the fastest growth during the forecast period. This is attributed to the rapid expansion of end-use industries such as textile and oil & gas, especially in emerging economies such as China and India.

Growing textile industry in the region is expected to drive growth of the N-Methyl Diethanolamine (MDEA) market in the region. According to India Brand Equity Foundation, Indian textile industry was valued at US$ 150 billion in 2018 and is expected to reach US$ 250 billion by 2019. Increasing exports is also driving growth of the Indian textile industry. According to same source, India’s textile exports were valued at US$ 39.2 billion in 2018 and is expected to reach at US$ 82.0 billion by 2021.

Demand for MDEA is increasing in oil & gas industries, owing to increasing oil drilling activities across the globe to meet rising demand for energy & fuel. For instance, according to the report, ‘2017 OPEC World Oil Outlook’ published by Organization of the Petroleum Exporting Countries (OPEC) in October 2017, total world primary energy demand was 276.0 million barrels of oil equivalent per day (mboe/d) in 2015 and is expected to reach 371.6 mboe/d by 2040, of which largest share is expected to be accounted by oil fuel, which is expected to reach 100.7 mboe/d and that of gas fuel is expected to reach 93.2 mboe/d by 2040. Therefore, growing oil & gas industry is expected to propel growth of N-Methyl Diethanolamine (MDEA) market.

Major players operating in the global N-methyl diethanolamine (MDEA) market include DowDuPont Inc., BASF SE, Eastman Chemical Company, Huntsman Corporation, Ineos Group Limited, Amines & Plasticizers Ltd., Sintez OKA Group, Advance Petrochemicals Ltd., Maoming Yunlong Industrial Development Co. Ltd., Nippon Nyukazai Co., Ltd., and Jiangsu Taihu New Materials Holding (Yancheng) Co., Ltd.

For More Information: https://www.coherentmarketinsights.com/market-insight/n-methyl-diethanolamine-mdea-market-2695

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah

Coherent Market Insights

1001 4th Ave,

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Email: sales@coherentmarketinsights.com

Like it? Share it!


Apeksha

About the Author

Apeksha
Joined: April 9th, 2018
Articles Posted: 489

More by this author