Ethanolamines Market is set to Grow at a Remarkable Pace in the Coming Years Including Top Key Players: Sintez OKA LLC, Daicel Chemical industries Ltd and Celanese Corporation

Ethanolamines – Insights
Ethanolamines are colorless, viscous organic compound with molecular formula HOCH2CH2NH2. These are used as a feedstock in the manufacture of Monoethanolamines (MEA), Diethanolamines (DEA) and Triethanolamines (TEA), which finds wide application in the production of emulsifiers, detergents, polishes, chemical intermediates, corrosion inhibitors and pharmaceuticals.

On the basis of application, the global ethanolamine market can be segmented as surfactants, herbicides, chemicals intermediates, textiles, gas treatments, gas treatment and metal treatment. Herbicides segment is expected to witness highest growth rate during the forecast period, followed by textile and surfactants. Other major applications of ethanolamine are in the field of corrosion inhibitors for metal protection and construction chemicals. These chemicals are largely used in the production of surfactants, which finds wide applications in detergents, emulsions, fabric softeners, paints, inks, adhesives, cosmetics, biocides, among others. Surfactants application segment dominated the ethanolamines market in 2016.

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Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion
Major players in the global ethanolamines market include The Dow Chemical Company, SABIC, LyondellBasell Industries N.V., Huntsman Corporation, China Chemical & Petroleum Corporation, BASF SE, Sintez OKA LLC, Daicel Chemical industries Ltd. and Celanese Corporation.

This report offers:
•Analysis of several products, and regions that would provide the clear understanding of the ongoing and future trends in the global Ethanolamines market
•Assessment of market dynamics such as drivers, restraints, and opportunities prevalent in the market
• Quantitative assessment of the current market size and future estimations for the period from 2016 to 2026, along with CAGR for the period from 2018 to 2026
•Company profiles that will highlight key information about the imperative players operating in the global Ethanolamines Market

Diethanolamines segment is expected to be the fastest growing application area n the ethanolamines market
Among product type, diethanolamines segment is expected to be the fastest growing product in the ethanolamines market over the forecast period. This is due to its wide applications in the manufacturing of herbicides as raw materials. Glyphosate is used as herbicides to kill weeds and grasses and the demand for it is high from agriculture industry, owing to increasing demand for diethanolamines. Moreover, aqueous solution of diethanolamines are also used as gas scrubbing agents to treat natural gas in refinery and petrochemicals industry. This drives growth of the segment in the ethanolamines market.

Regional Insights
Asia Pacific is the largest market for ethanolamines in the past and the trend is expected to continue in the following years due to large amount of domestic consumption in various end use industries, coupled with cheap production cost and rapid economic growth across the region. North America is also expected to witness significant growth due to its large applications in gas sweetening and cleaning process in various downstream process industries. For instance, North America is experiencing wide exploitation of shale gas reserves, which in turn is increasing the supply of natural gas in the region and consequently results in increase the demand for ethanolamines in the treatment of natural gas.

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Why was the report written?
This report is the result of an extensive survey drawn from Our Research's elite panel of leading global senior level executives from enterprises such as such as medical devices, mining, packaging, power, oil, and gas, food and beverage, airports and pharmaceutical. The report covers key topics such as appropriation behaviors and strategies, the current size of the marketing and advertising budgets. Besides the report also recognizes the threats and possibilities, economic outlook trends, media channel spending outlooks, M and A expectations, marketing agency selection models, media budgets, business challenges and confidence among senior-level executives across various industries. Most secondary research papers are based on general industry drivers and do not understand the industry officials' attitude and changing behaviors, creating a gap in showing the business opportunity of the industry. In an effort to bridge this gap, Our Research created this primary-research based report by selecting the opinions of various stakeholders in the value-chain of the industry

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