Ethanolamines Market to procure substantial returns from Herbicides and chemical intermediates sectors | Companies are AkzoNobel, BASF, INEOS

Ethanolamines Market from herbicides and chemical intermediates sectors is poised to register lucrative gains during the forecast period. The growth can be attributed to the increasing use of these agrochemicals in the farming activities and other end use sectors. Extensive application of ethanolamines in other sectors such as paints & coatings, textiles, and cosmetics is projected to propel the market growth over the next few years.

Ethanolamines Market may face challenges in the future due to the possible harmful effects of the compound on human health. Studies have linked the compound with liver tumors and the European Union banned the use of DEA in cosmetic products due to its carcinogenic nature. There is a possibility of safer compounds to substitute the product in the future and ultimately hinder the ethanolamines market growth.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/737

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.

Global ethanolamines market is segmented into six application categories including surfactants, chemical intermediaries, herbicides, gas treatment, cement and others. Surfactants was the most prominent application segment in 2015, accounting for more than a quarter of the overall revenue. High demand for industrial cleaners will augment the growth of this segment. Herbicide and chemical intermediary segments are anticipated to grow at a healthy rate till 2024 due to high growth in chemical industries sector and increasing demand for agrochemicals. These two segments together occupied more than two fifth of the overall ethanolamines market.

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.

High growth in surfactants industry will also augment the ethanolamines market. Surfactants are increasingly used in detergents & cleaners, cosmetics, lubricants, etc. Rapid industrial development all around the globe has increased the demand for industrial detergents and cleaners. Stringent regulations relating to workplace and industrial cleanliness has also increased demand for surfactants needed in cleaners. Higher disposable income and willingness to spend on personal grooming has resulted in increased growth in cosmetics and personal care products sector.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/737

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.

Key participants in the ethanolamines market are The Dow Chemical Company, Huntsman Corporation, SABIC, China Chemical & Petroleum Corporation, LyondellBasell Industries, Sintez OKA, BASF-YPC Company, INEOS Group, and others. Market players are trying to gain an advantage over their rivals by R&D investments and product & capacity expansions.

Glimpse of Table of Content (ToC)

Chapter 3 Ethanolamines Industry Insights

3.1 Industry Segmentation

3.2 Ethanolamines market Size and forecast, 2013 – 2024

3.3 Ethanolamines market ecosystem analysis

3.3.1 Distribution channels

3.3.2 Vendor matrix

3.4 Industry Impact forces

3.5.1 Growth drivers

3.5.1.1 Increasing demand for agrochemicals such as Glyphosate

3.5.1.2 Growth in surfactant market

3.5.2 Industry pitfalls and challenges

3.5.2.1 Volatile raw material prices

3.5 Growth potential analysis

3.6 Porter’s analysis

3.7 Company market share analysis, 2015

3.7.1 Strategic landscape

3.8 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/ethanolamines-market

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.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.