Market Overview
Market Research Future (MRFR) announces the publication of its research report Global Ethanolamines Market, 2023.
Ethanolamines are colorless chemical compounds which are capable of acting as emulsifying agents, dispersants, and anti-static agents while developing the final product. Due to these factors, they are used in various applications such as detergents, chemical intermediates, herbicides, metal cleaning and others. The global ethanolamines market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of triethanolamines in wave sets, shaving products, and sunscreen lotions. It is estimated that the detergent sub-segment is set to observe the highest CAGR in the market due to the growing use of ethanolamines in the formulations of the product. Moreover, the increasing demand for organic compounds in major industries has propelled the market to witness a rapid growth during the forecast period. These factors have led China, India, and Japan to be the major players of this region.
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Ethanolamines Market - Competitive Analysis
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) and China Petroleum & Chemical Corporation (China) among others.
Ethanolamines Market Segmentation
The global ethanolamines market is segmented into the product and application. On the basis of the product, the market is subdivided into monoethanolamine, diethanolamines, and triethanolamines segments. On the basis of the application, the market is further categorized into detergents, chemical intermediates, herbicides, metal cleaning, gas treatment, cement, personal care, textiles, and others.
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