Methyl Diethanolamine (MDEA) Market Shows Exponential Growth Ahead Know top Key Players Such As Eastman Chemical Company, DowDuPont Inc., BASF SE, Amines & Plasticizers Ltd., Huntsman Corporation, Ineos Group Limited, Sintez OKA Group, Advance Petrochemic

Methyl diethanolamine (MDEA) is a liquid tertiary amine compound used in synthesis of different compounds including pesticides, detergents, and paints. It is used in different applications such as coatings, catalysts, textile, lubricants, polishes, detergents, personal-care products, pharmaceuticals, urethane, pesticides, and water-treatment chemicals.

Market Dynamics

Methyl diethanolamine is used in sweetening process, which involves treating sulfur containing compounds such as thiophene, mercaptan, and hydrogen sulfide to improve odor, color, oxidation stability, and reduce concentration of carbon dioxide in oil refinery, chemicals, syngas production, and natural gas.

Increasing demand for MDEA in oil refineries, natural gas, and syngas production is a major factor propelling growth of the global methyl diethanolamine (MDEA) market. According to a report by The U.S. Energy Information Administration (E.I.A.) in 2017, natural gas production is projected to account for around 40% of the total energy production in the U.S by 2040. Moreover, according to the China Petroleum and Chemical Industry Association (CPCIA), China consumed around 11.5 million barrels of oil in 2016, which was an increase by 0.5 million barrels from 2015.

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Furthermore, growing paints and coatings industry is expected to propel demand for MDEA, owing to its use as catalyst for epoxy resin, urethane coating system, and as a solvent in water paints. According to the Coherent Market Insights’ analysis, the global paints and coatings industry is projected to reach US$ 235 billion by 2025 from US$ 137 billion in 2016.

Moreover, increasing application of MDEA in textiles and pharmaceuticals is expected to drive growth of the global methyl diethanolamine market. For instance, according to a report by the International Federation of Pharmaceutical Manufacturers & Associations report in 2017, the global pharmaceutical market is projected to reach US$ 1,430 billion by 2020.

Methyl Diethanolamine (MDEA) Market Outlook

Asia Pacific is expected to be the fastest growing methyl diethanolamine (MDEA) market during the forecast period. This is owing to increasing demand for MDEA from China, India, Japan, and South Korea in textile, agrochemicals, and other applications.
According to a report by India Brand Equity Foundation (IBEF) in 2017, the textile and apparel industry is projected to reach US$ 123 billion by 2021 in India. Furthermore, increasing use of MDEA in production of agrochemicals such as pesticides and herbicides is propelling growth of the global methyl diethanolamine market in Asia Pacific. According to the United Nations Food and Agriculture Organization (FAO), pesticides consumption in Mainland China in 2016 was around 1.76 million tons.
Key Players

Key players operating in the global methyl diethanolamine (MDEA) market include, Eastman Chemical Company, DowDuPont Inc., BASF SE, Amines & Plasticizers Ltd., Huntsman Corporation, Ineos Group Limited, Sintez OKA Group, Advance Petrochemicals Ltd., Maoming Yunlong Industrial Development Co., Ltd. Sichuan Nipo Fine Chemical Co., Ltd., and Yixing Xingguang Baoyi Chemical Co., Ltd.

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