Ethanolamines Market Growth Report by Trends, Application, Segmentation, Types, Region, In-Depth Analysis of Key Drivers and Review Covers 2019-2023

The global ethanolamines market has been driven by the range of its application in various sectors such as detergents, chemical intermediates, herbicides, and others. Moreover, it is estimated that the detergents segment is set to witness the highest growth in the market due to its growing demand in various end-user applications over the forecast period. The organic compounds which are composed of amino acids and formed by the reaction between ethylene oxide and ammonia are called ethanolamines. These compounds are utilized in various end-uses to impart aesthetic appearance, glossy finish, and others to the final product. Moreover, they also provide versatility and reliability to the product.

Global Key Players and Competition Analysis

Some of the prominent players operating in the global ethanolamines market are BASF SE (Germany), The Dow Chemical Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Huntsman Corporation LLC (U.S.), LyondellBasell Industries Holdings B.V. (U.S.), Sintez OKA Group of Companies (Russia), INEOS (U.K.), SABIC (Saudi Arabia), Jiaxing Jinyan Chemical Co. Ltd. (China) and China Petroleum & Chemical Corporation (China) among others.

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Segmentation Analysis

The global ethanolamines market is segregated into the product and application segments. The market by type is classified into monoethanolamine, diethanolamines, and triethanolamines segments. The market by application segment is bifurcated into detergents, chemical intermediates, herbicides, metal cleaning, gas treatment, cement, personal care, textiles, and others.

Regional Analysis

The ethanolamines market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for the diethanolamines in detergents, chemical intermediates, herbicides, metal cleaning, and others. The increase in disposable income coupled with rapid urbanization has propelled the region to witness a higher growth over the assessment period. Countries such as China, Japan, and India are the major players in this market.

Market Scope

Ethanolamines are organic compounds produced by the reaction between ethylene oxide and ammonia. They are composed of amino acids. Monoethanolamine, diethanolamines, and triethanolamines are the three types of products manufactured in the market. These products are known for their colorless and viscous features, along with the comparable odor of ammonia. The improving standard of living and growing demand for the product are the important factors which are influencing the market positively. Due to these factors, they are used in various applications such as detergents, chemical intermediates, herbicides, metal cleaning, and others.

Browse the market data and information spread across 138 pages with 36 data tables and 11 figures of the report “Ethanolamines Market Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/ethanolamines-market-5286

Industry News:

January 17, 2018 Market Research Future published a half-cooked research report on Ethanolamines Market

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