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Strategic Analysis Of Diethylenetriamine Market

08-02-2018 09:09 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports
Diethylenetriamine, also abbreviated as DETA serves as an organic compound. It is a colorless hygroscopic liquid which is soluble in polar organic solvents and water, but not simple hydrocarbons. DETA is the structural analogue of diethylene glycol, with chemical properties resembling to those of ethylene diamine with similar uses. Diethylenetriamine is a byproduct which is formed from manufacturing ethylene diamine from ethylene dichloride. DETA is used in a wide range of applications such as oil field chemicals, agrochemicals, personal care, water treatment, automotive and textile chemicals among others.
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Rising demand from end-use industries is expected to drive the diethylenetriamine market. End-use industries include automotive, construction, personal care, agriculture, oil & gas and other major industries. Developing countries, particularly in the Asia Pacific region are the major contributors to the rising building & construction industry. Industrial as well as residential construction in China, Latin America, Middle East, India and other developing regions are the highest contributors of the global building & construction industry revenue. Additionally, growing automotive industry globally is expected to boost the market growth. Automotive industry is witnessing tremendous growth in developing countries. Diethylenetriamine is used in the manufacture of various resins, lubricants and additives which are part of automotive industry. Furthermore, burgeoning oil & gas industry is further expected to boost the diethylenetriamine market. These serve as indispensable part of oil-field chemicals as they are mostly used as chelating agents and lubricants.

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However, environmental regulations regarding use of hazardous raw materials are expected to hamper the market growth for diethylenetriamine market. Several regulatory bodies such as EPA and OSHA also have stringent regulations about storage and transport of hazardous raw materials. In addition, availability and cost of raw materials is anticipated to be major hurdle for the growth of diethylenetriamine market. Development of bio-based polyamines is expected to provide opportunities for the players in the market. Furthermore, development of high quality and application specific products is expected to be an important opportunity to invest in the next few years. Diverse product development with wide range of applications would help the companies to maintain their market share. For instance, demand for diethylenetriamine based products that can be used in the manufacture of wind turbine blades will continue to expand at significant rate. Additionally, growth in end-use industries in developing economies of Latin America and Middle East are expected to provide immense opportunities in the next few years.

Asia Pacific accounts for the largest market for diethylenetriamine in terms of consumption and production. China is the largest contributor of the diethylenetriamine demand as it hosts all major end-use industries such as automotive, electronics, coatings, textiles and medical. Owing to rising manufacturing sector and industrialization the demand for diethylenetriamine has been increasing at steady pace in the region and is expected to grow at the fastest pace in the next few years. Developed economies such as North America followed Asia Pacific in terms of consumption. Europe is matured market in terms of consumption as compared to North America and Asia Pacific. Environmental regulations in the region are expected to hamper the consumption. Rest of the World is expected to grow steadily due to increasing demand from end-use industries.

AkzoNobel N.V., BASF SE, Diamines and Chemicals Ltd., Huntsman Corporation, and The Dow Chemical Company are some of the key manufacturers of diethylenetriamine, dominating the market.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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