Press release
Ethyleneamines Market Forecast by Key Players: Dow Chemical Company, Tosoh Corporation, Delamine B.V., Huntsman Corporation, Diamines & Chemicals Limited, Akzo Nobel N.V., and BASF S.E
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Global Ethyleneamines Market size may witness significant gains over forecast period owing to positive application scope in automotive, paper, agriculture, textile and adhesives industries. High investments by manufacturers for technology modifications and development of new product to meet the consumer demands will propel industry growth.
It is a colorless organic compound which is commercially produced from ammonia, caustic soda, and ethylenedichloride (EDC). Ethylenediamine and diethylenetriamine are the major byproducts of the ethyleneamines used in wide range of applications as reactive intermediates to produce other useful chemicals.
Strong application outlook in automotive industry as fuel and lube oil additive will stimulate ethyleneamines market size. It is primarily used to decrease the development of varnish and sludge deposits inside internal combustion engines by solubilizing oil-insoluble liquids, by hindering the aggregation of particles, and by neutralizing acidic species established in the combustion process. Global demand for internal combustion engine was valued at over USD 166.9 billion in 2016 and may surpass USD 208.3 billion by 2020, registering over 5.7% growth.
Increased product usage in agriculture industry owing to their wide range of application in fungicides, algaecide and molluscide products will trigger market growth in forecast timeframe. Apart from this rise in demand for triisopropanolamine as a neutralizing agent in agricultural products will propel ethyleneamines industry growth.
Rise in demand for ethyleneamines in personal care industry may propel the market growth over the forecast timeframe. It is widely used in various personal care products such as shampoos, cosmetic creams, hand lotion, cleansing creams, and shaving creams. Positive application scope in highly concentrated liquid laundry detergents as a bleach activator is also expected to boost the product demand.
Ethyleneamines finds strong application scope in coating industry as a wet-adhesion promoter for latex paints. It is also used as a derivative to improve latex paint surfaces adhesion under damp conditions.
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Diethylenetriamine may witness strong gains due to strong application in paper industry. It is widely used to contribute wet-strength properties to various types of paper. Paper so treated is used in packaging for milk and other food items, tissue and toweling products, as well as photographic paper, filter papers, and various non-woven products.
Europe driven by France, UK and Germany stainless steel market may witness high growth owing to positive application outlook in automotive industry. Stringent regulations from European commission for reducing particulate emissions is expected to fuel the growth of global ethyleneamines market.
Top key players:
Global Ethyleneamines market share is moderately consolidated and competitive with major industry players include The Dow Chemical Company, Tosoh Corporation, Delamine B.V., Huntsman Corporation, Diamines & Chemicals Limited, Akzo Nobel N.V., and BASF S.E. Companies are focusing on merger and acquisitions with local & regional companies to open new market opportunities this will further boost ethyleneamines industry growth.
Market share calculation in this report is not done based on companies covered in it. The calculation of Ethyleneamines market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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