Ethanolamine Market Research Report Identifies The Key Drivers Of Growth And Challenges Of The Key Industry Players

The major trend being witnessed in the global ethanolamine market is increased capital expenditure in order to boost production capacity of ethanolamine. With the rapid advancement in agricultural sector across the world, the companies engaged in production of amine are looking forward to expand their production capacity. Infusion of fresh capital is driven by objective to produce high-quality amine. Thus, rising investment trend is likely to result in greater availability of high-quality amine used in the agricultural sector.

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Based on application, the ethanolamine market is categorized into herbicides, detergents/surfactants, pharmaceuticals, personal care products, gas treatment, metal cleaning, ethyleneamine, agrochemicals, wood preservatives, cement additives, construction, and textiles. The construction sector held a significant share in the market during the historical period as the amine is widely used in the preparation of construction chemicals and corrosion inhibitors used for metal protection purpose.

On the basis of product type, the ethanolamine market is categorized into monoethanolamine, diethanolamine, and triethanolamine. Triethanolamine held a significant share in the market during the historical period. It is a widely used amine in construction industry as performance enhancer as well as grinding aid for cement. The amine used in cement production reduces the consumption of power used during cement manufacturing.

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The major driver identified in the ethanolamine market is the growing usage of the amine in the European agricultural sector. The European countries have a well-developed agriculture sector and is characterized by usage of modern agricultural practices. The rising demand for agrochemicals and herbicides in countries such as Germany, France, Italy, Spain, and Poland is anticipated to boost the growth of the market during the forecast period.

The ethanolamine market is characterized by large number of companies having their production facilities in the Asia-Pacific region. Some of the major players competing in the global market include BASF SE, INEOS Oxide Ltd., DowDupont Incorporation, China Petroleum & Chemical Corporation, Thai Ethanolamines Co. Ltd., Fushun Beifang Chemical Co. Ltd., Sinopec Shanghai GaoQiao Petrochemical Corporation, Akzo Nobel N.V., Jiaxing Jinyan Chemical Co. Ltd., Shijiazhuang Haisen Chemical Co. Ltd., and Huntsman Corporation.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.

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