Press release
Worldwide Ethanolamines Market 2019 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast by 2025 By Outstanding Key Players AkzoNobel, BASF, China Petroleum & Chemical Co., Ltd., Huntsman Corporation, INEOS, LyondellBasell, SABIC, Sintez O
Ethanolamines Market
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.
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Moreover, positive supply outlook on ethylene oxide is expected to stabilize ethanolamines market price trends. Surfactants and herbicides together accounted for approximately USD 1.5 billion of the global ethanolamines market share with more than 4% growth target. Gas treatment, chemical intermediates and cement are also expected to show a favorable and steady growth in the coming years. Gas treatment is expected to be driven by Middle East (majorly the GCC countries) and Latin America due to high demand for gas sweetening agents in the near future.
Product Trends
Global ethanolamines industry is segmented into key products like triethanolmines, monoethanolamine and diethanolamines.
Diethanolamines is predicted to be attractive product segment with revenue of higher than $1.1 billion for 2015 with higher than 4.1% CAGR expected to be recorded during forecast timeline. Its expansion is credited to herbicides growth.
Triethanolmines product segment was the biggest segment for 2015 and is projected to expand significantly during forecast timeline. Demand for ester quats is projected to fuel the segment revenue.
Monoethanolamine segment is projected to grow owing to heavy demand from triazines and ethyleneamines. Furthermore, the increase in demand for the segment can be credited to rising demand from olefins cracker items and refinery streams.
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Application Trends
Global ethanolamines market is segmented into various applications like gas treatment, chemical intermediates, cement, surfactants and herbicides.
Surfactants segment contributed more than 25.1% of total revenue for 2015. Chemical intermediates and herbicides contributed for more than 40.1% of ethanolamines market share with nominal gains projected by end of forecast timeline. Rising agrochemicals sector owing to increasing demand from farming activities and growing demand from different cleaning methods in most of end use sectors are few of the aspects for these segments to display fast growth during forecast timeline.
o Ethanolamines Product Analysis (Volume, Kilo Tons & Revenue, USD Million; 2013 - 2024)
• Monoethanolamines
• Diethanolamines
• Triethanolamines
o Ethanolamines Application Analysis (Volume, Kilo Tons & Revenue, USD Million; 2013 - 2024)
• Surfactants
• Chemical Intermediates
• Herbicides
• Gas Treatment
• Cement
• Others
Diethanolamines (DEA) and triethanolamines (TEA) are projected to be the major product segments in the ethanolamines market. DEA are majorly used in the manufacture of cosmetics, detergent and textile specialties, wax and other polish, in agrochemicals, as petroleum demulsifiers, coating emulsifiers, soluble oils and as corrosion inhibitors.
Competitive Trends
Key industry participants profiled in the report include SABIC, Huntsman Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., BASF-YPC Company Limited, Thai Ethanolamines Company Limited, Akzo Nobel N.V., China Petroleum & Chemical Corporation, INEOS Group and Sintez OKA LLC.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AkzoNobel
2. BASF
3. China Petroleum & Chemical Co., Ltd.
4. Huntsman Corporation
5. INEOS
6. LyondellBasell
7. SABIC
8. Sintez OKA LLC
9. The Dow Chemical Company
10. Thai Ethanolamines Co. Ltd.
Regional Trends
Global ethanolamines market is segmented into various geographical locations like North America, APAC, MEA, Europe and Latin America.
APAC, specifically, India and China ethanolamines industry, contributed more than $1.1 billion for 2015 in revenue terms and the region is projected to experience heavy expansion depending on domestic use.
MEA and APAC are predicted to be the most favored areas for the industry during forecast timeline.
Latin America and North America are predicted to demonstrate positive growth in future. U.S. ethanolamines market share that was higher than 400 kilo tons for 2015 today contributes more than 84.1% of overall North American industry share in terms of revenue.
Browse key industry insights from the report, “Ethanolamines Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ethanolamines-market
Key insights from the report include:
• 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.
• Strong integration trends across the value chain along with fragmented market with market consolidation within a few players is likely to increase the competition among major players and drive growth.
• The Dow Chemical Company, SABIC, INEOS Group Ltd., LyondellBasell Industries Holdings B.V., Huntsman Corporation, China Petroleum & Chemical Corporation and BASF-YPC Company Limited are some of the major companies operating in the industry. Growth strategies center around product diversification and penetration into new or untapped applications in order to reach a wider customer base and to ensure considerable portfolio.
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