Press release
Ethyleneamines Market is Expected to Reach USD 3.07 billion by 2023 with Key Players (Diamines And Chemicals Limited, Tosoh, BASF, Akzo Nobel India, Delamine B.V and Dow Chemical Company)
The global Ethyleneamines Market was worth USD 1.58 billion in 2014 and is expected to reach approximately USD 3.07 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.67% during the forecast period. The worldwide ethyleneamines market, alongside its products, has seen an exceptional development in the previous couple of years. This development is assessed to proceed in the following years. Increasing demand for ethyleneamines from end-use industry from the developing economies, for example, India, China, and South-East Asian nations are the real drivers of the market. Additionally, such request is supported by newer applications. The upcoming bio-raw material developments, innovative techniques, and technological advancements for the usage of ethyleneamines are foreseen to be the key impacting factors in the worldwide market, with expanded accentuation on the present cost and their applications.
Type Outlook and Trend Analysis
On the basis of type the market is segmented into Ethylenediamine, Diethylenetriamine, Triethylenetetramine & Others. Among these Ethylenediamine and Diethylenetriamine are the biggest volume ethyleneamine homologs. Ethylenediamine is extensively used as intermediary to manufacture textile auxiliaries, detergents, polyamides, paper chemicals and fungicides.
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Application Outlook and Trend Analysis
Based on application the market is segmented into Paper, Resin, Adhesive, Personal Care, Automotive, Agriculture, Water Treatment, Pharmaceutical, Textile & Others. Resin was the leading application for ethyleneamines in 2013; representing over 32% of the total ethyleneamines consumed worldwide, owing to huge demand from the end user industries using polyamide resins, epoxy curing agents, and wet strength resins.
Regional Outlook and Trend Analysis
Asia-Pacific district is the biggest consumer of ethyleneamines. Among every one of the nations in this area, China and India are the imperative buyers of ethyleneamines. China held the biggest share in the regional usage based on volume in 2013. The market measure on the basis of volume is similarly low in the RoW, nonetheless developing economies in this locale, for example, Brazil and Middle East Countries are anticipated to drive the market in next years.
Competitive Insights
The market is extensively competitive with the presence of leading players such as Diamines And Chemicals Limited, Tosoh, BASF, Akzo Nobel India, Delamine B.V and Dow Chemical Company. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Ethyleneamines Market is segmented as follows-
By Type:
Ethylenediamine
Diethylenetriamine
Triethylenetetramine
Others
By Application:
Paper
Resin
Adhesive
Personal Care
Automotive
Agriculture
Water Treatment
Pharmaceutical
Textile
Others
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