Press release
Ethanolamine Market Key Players by 2024: The Dow Chemical Company, INEOS Group Ltd., SABIC, LyondellBasell Industries N.V., Huntsman Corporation, China Chemical & Petroleum Corporation, BASF-YPC Company Ltd., Sintez OKA LLC
Global Market Insights, Inc.
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Monoethanolamines (MEA), diethanolamines (DEA) and triethanolamines (TEA) are the three product segments in the global ethanolamines market. Diethanolamines will be the fastest growing segment with 4% CAGR during the forecast years. In 2015, the market value of this segment was around USD 1 billion. Triethanolamines had the largest share of the overall ethnolamines market in 2015 and is anticipated to grow at a favorable rate till 2024.
Global ethanolamine market is segmented into six application categories including surfactants, chemical intermediaries, herbicides, gas treatment, cement and others. Surfactants was the most prominent application segment in 2015, accounting for more than a quarter of the overall revenue. High demand for industrial cleaners will augment the growth of this segment. Herbicide and chemical intermediary segments are anticipated to grow at a healthy rate till 2024 due to high growth in chemical industries sector and increasing demand for agrochemicals. These two segments together occupied more than two fifth of the overall ethanolamines market.
Key insights from the report include:
• Global ethanolamines market size is poised to exceed USD 3.9 billion by 2024, at a CAGR of over 4%.
• Agrochemicals, surfactants, natural gas, cement processing and chemical intermediates are the major driving application segments. Herbicides and surfactants generated approximately USD 1.5 billion in global revenue and are likely to be the major application segments for the ethanolamine market size in the coming years.
• Diethanolamines and triethanolamines are likely to show relatively rapid growth in the ethanolamines product market and accounted for over 70% of the total ethanolamines demand by product in 2015.
• U.S. ethanolamines market size will surpass USD 800 million by 2024, and represents the majority of North America revenue generation.
• Asia Pacific market share will grow to over 40% by 2014 and will be driven by demand from China, India, ASEAN and many agricultural sectors in the region.
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Ethanolamines Product Analysis (Volume, Kilo Tons & Revenue, USD Million; 2013 - 2024)
• Monoethanolamines
• Diethanolamines
• Triethanolamines
Ethanolamines Application Analysis (Volume, Kilo Tons & Revenue, USD Million; 2013 - 2024)
• Surfactants
• Chemical Intermediates
• Herbicides
• Gas Treatment
• Cement
• Others
Browse Full Report @ https://www.gminsights.com/industry-analysis/ethanolamines-market
Key participants in the ethanolamines market are The Dow Chemical Company, Huntsman Corporation, SABIC, China Chemical & Petroleum Corporation, LyondellBasell Industries, Sintez OKA, BASF-YPC Company, INEOS Group, and others. Market players are trying to gain an advantage over their rivals by R&D investments and product & capacity expansions.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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