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Ethyleneamines Market Outlook 2018-2024 by Top Key Players : LANXESS, AkzoNobel, Tosoh Corporation, Huntsman Corporation, The Dow Chemical Company, BASF, Arabian Amines Company

Ethyleneamines Market

Ethyleneamines Market

The extensive application scope of ethyleneamine market has indeed augmented its overall valuation, which had reached USD 2 billion in 2017 owing to the rapid growth of the textile, automobile, agriculture and pharmaceutical sectors. The use of this chemical in the manufacturing of hygiene products has also stimulated the ethyleneamine industry expansion, as growing population warrants an interminable demand for such products.

Worldwide rise in the use of personal & homecare care products has also contributed to the industry development, with ethyleneamine being used as surfactants due to their excellent foaming capabilities. As innovations will eventually pave the way for productions that have advanced and more eco-friendly properties, the ethyleneamine market will experience augmented growth in the near future.

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Ethyleneamines Market size from ethylenediamine is expected to witness strong gains up to 4% in the projected timeframe owing to wide utilization in various industries including detergents, textile, and agriculture. Ethylenediamine has lowest molecular weight and appears as a colorless liquid. It is a versatile & highly reactive molecule and are utilized for making polymers that serve as drainage aids thus, stimulating product demand.

With expanding global demand for various pharmaceutical, agrochemical, personal care, additives and chelating agents, the ethyleneamines market is expected to witness exponential growth opportunities over 2018-2024. This can be essentilayy credited to the fact that ethyleneamines have emerged as some of the basic ingredients required for the manufacturing of such products. That chemical industry giants like AkzoNobel Specialty Chemicals are heavily investing in the ethyleneamines market speaks volumes for the future growth prospects for the industry.

Growth drivers

• North America: Growing medical equipment market in the region owing to extensive presence of hospitals and public health institutions.

• Europe: Growing fuel additive and surfactant market will drive product demand.

• Asia Pacific: Growing agrochemical and pesticides market in the region.

Ethyleneamines Market, By Product

• Ethylenediamine (EDA)
o Chelating agent
o Pesticide
o Pharmaceutical
o Lube oil and fuel additives
o Polyamide resin
o Textile
o Bleach activators
o Others

• Diethylenetriamine (DETA)
o Oil field chemicals
o Personal Care
o Chelating agents
o Surfactants
o Paper wet-strength resins
o Lube and fuel additives
o Asphalt additives
o Corrosion Inhibitors
o Polyamide resin
o Others

• Triethylenetetramine (TETA)
o Asphalt Additives
o Corrosion Inhibitors
o Lube oil and fuel additives
o Epoxy Curing Agents
o Paper Wet-Strength Resins
o Oil field chemicals
o Polyamide resin
o Others

• Tetraethylenepentamine (TEPA)
o Asphalt Additives
o Corrosion Inhibitors
o Lube oil and fuel additives
o Epoxy Curing Agents
o Paper Wet-Strength Resins
o Oil field chemicals
o Polyamide resin

o Others
• Others
o Epoxy
o Urethane
o Corrosion Inhibitor
o Fuel & Lube oil additive
o Oil field chemical
o Others

Rising demand for ethyleneamines market in different application segments including coating, textile, surfactants, lube and fuel additives, and asphalt additives will drive industry growth. Manufacturers are involved in strategic expansion through partnerships and mergers & acquisitions to increase their market share, profitability, product portfolio, production capacity, and geographical presence which is positively favoring product demand.

The ethyleneamines industry is expected to register increasing demand with the rapid expansion of the pharmaceutical industry as ethyleneamines find immense application as a raw material for the production of antidepressants, antimalarials, antibiotics, antihistamines, local anesthetics and muscle relaxants.

The global population is estimated to increase by 1.24% each year until 2030, and 28% of the global population will be aged between 65 to 80 which is a significant rise when compared to approximately 22% in 2000. The aging population will necessarily add to the demand of common medications such as painkillers and prescription drugs like antibiotics, in turn adding momentum to the ethyleneamines market.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Tosoh Corporation
2. AkzoNobel
3. Huntsman Corporation
4. The Dow Chemical Company
5. BASF
6. Arabian Amines Company
7. Diamines And Chemicals Limited - India
8. Delamine B.V.
9. Parsol Chemicals
10. Saanvi Corp
11. LANXESS
12. Gem Chemicals

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Being an important part of the global food chain, Asia accounted for nearly 19% of total food and agricultural exports, with the growing food demand instigating efforts by governments to increase production.

Subsequently, the need for consistent rise in crop yield will expand the ethyleneamine market from application in pesticide and fungicide manufacturing. Ethyleneamines, such as ethylenediamines, are also widely used by lubricant and fuel additive manufacturers and the face-paced growth of the automobile segment will further advance the ethyleneamine industry.

Ethyleneamine act as dispersants in engine oils for reducing the varnish and sludge deposits caused by low-speeds of vehicles, among other advantages. Considerable production and consumption of fuel across APAC region will offer lucrative opportunities for the global ethyleneamine market.

In 2017, China, Japan and India had manufactured a total of more than 43.4 million passenger and commercial vehicles, out of the overall global production of approx. 97 million vehicles. The region is also witnessing an incredible rate of vehicle demand, with sales showing a gradual rise over the last few years.

Australia, China, India, Indonesia and Japan had a combined sale of over 40 million vehicles in 2017, underlining the immense fuel consumption probability in APAC, where steps to reduce vehicle emissions are escalating. A massive fleet of automobiles also requires a vast quantity of lubricants for engine maintenance, an application for which ethyleneamine seem to be used increasingly to ensure a high-quality product is offered.
U.S. triethylenetetramine industry size from corrosion inhibitors application is estimated to surpass USD 13 million by 2024.

The reaction of triethylenetetramine and diethylenetriamine with fatty acids produce substituted imidazolines and amidoamines, which are utilized as corrosion inhibitors in petroleum production operations which may positive impact on industry growth.

Diethylenetriamine industry size from polyamide resin application may exceed to USD 40 million up to 2024. They are widely used as binders in printing inks for flex gravure application on certain substrates including metal, leather, and plastic. The product is also utilized in manufacturing abrasion-resistant, glossy and over-print varnishes, thus driving ethyleneamines market growth.

Browse key industry insights from the report, “Ethyleneamines Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/ethyleneamines-market

Global ethyleneamines industry share is moderately consolidated and competitive with some of the key manufactures which includes AkzoNobel, Gem chemicals, Huntsman Corporation, Prasol Chemicals, Lanxess, BASF SE., Saanvi Corp, and Dow Chemicals. Firms are entering into strategic alliances including partnership, joint ventures to expand their regional presence and product offerings which is likely to favor industry growth.

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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Corporate Sales, USA
Global Market Insights, Inc.
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