Ethanolamines Market

Posted by Edward on August 5th, 2019

Ethanolamines Market Overview:

The organic compounds which are composed of amino acids and formed by the reaction between ethylene oxide and ammonia are called ethanolamines. These compounds are utilized in various end-uses to impart aesthetic appearance, glossy finish, and others to the final product. Moreover, they also provide versatility and reliability to the product.

The global ethanolamines market has been driven by the range of its application in various sectors such as detergents, chemical intermediates, herbicides, and others. Moreover, it is estimated that the detergents segment is set to witness the highest growth in the market due to its growing demand in various end-user applications over the forecast period.

Ethanolamines Market Key Players:

Some of the well-known players operating in the global ethanolamines market are;

  •          BASF SE (Germany)
  •          The Dow Chemical Corporation (U.S.)
  •          Akzo Nobel N.V. (the Netherlands)
  •          Huntsman Corporation LLC (U.S.)
  •          LyondellBasell Industries Holdings B.V. (U.S.)
  •          Sintez OKA Group of Companies (Russia)
  •          INEOS (U.K.)
  •          SABIC (Saudi Arabia)
  •          Jiaxing Jinyan Chemical Co. Ltd. (China)
  •          China Petroleum & Chemical Corporation (China)

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Ethanolamines Market Regional Analysis:

The North America market is expected to grow at a higher CAGR due to extensive consumption of the product in fragrances, hair care products, and others. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for chemical products in end-use sectors are estimated to drive the market during the forecast period.

A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of triethanolamines in various end-uses such as herbicides, metal cleaning, and others. Moreover, a slow development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to soaring prices of raw materials available in the market.

A moderate growth is achieved in Europe due to the implementation of new rules and regulations in the end-use industries. The growing innovation and technological advancements in developing bio-based products have propelled the market to witness a higher growth. Owing to these factors, countries such as Germany, the U.K, and Italy are the major contributors to this market.

Ethanolamines Market Segmentation:

On the basis of the application, the market is segmented into detergents, chemical intermediates, herbicides, metal cleaning, metal cleaning, gas treatment, cement, personal care, textiles, and others. The detergents sector is the leading segment of the market and is anticipated to observe a rapid growth due to its boundless use in various applications.

The global ethanolamines market is segregated into the product and application. On the basis of the product, the market is further categorized into monoethanolamine, diethanolamines, and triethanolamines segments. The triethanolamines segment is most widely used due to its growing consumption in heavy end-use industries such as cosmetics, pharmaceuticals, chemicals, healthcare, and others. Moreover, durability and reliable nature are the major factors behind the popularity of this segment. The increasing use of these materials in metal cleaning, gas treatment, and other systems is estimated to drive the market during the assessment period.

Ethanolamines Market Table of Content:

1 Executive Summary

2 Scope of The Report

3 Market Research Methodology

4 Market Landscape

5 Industry Overview of Global Ethanolamines Market

Ethanolamines Market Table of Content to be Continue….,

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Edward

About the Author

Edward
Joined: April 9th, 2019
Articles Posted: 128

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