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Global ethyleneamines market share is estimated to hit USD 3 billion by 2024.
Ethyleneamines Market
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The product finds prominent usage in detergents & cleaning agents. Surging consumer awareness regarding cleanliness and hygiene is propelling ethyleneamines market trends. Other routine applications include utilization in the production of agrochemicals, corrosion inhibitors, demulsifies, and in water treatment applications.
Ethylenediamine has garnered considerable traction as a chemical intermediate and ethylenediamine market demand is expected to achieve gains at a CAGR of over 4% during 2018-2024. The highly versatile and reactive ethyleneamines derivative is exploited in the manufacturing of different polymers on account of its lowest molecular weight as compared to derivatives of the ethyleneamines family, which further induces market demand. In addition, agrochemicals being a prominent application of the product, ethylenediamine business volume is likely to gain from expanding agrochemical industry in the agrarian countries such as China and India. As per estimates, China ethylenediamine market volume is anticipated to cross USD 45 million by 2024.
Diethylenetriamine has strong footprint in cosmetics, corrosion inhibitors, lube and fuel additives, polyamide resin, and others, which are contributing to diethylenetriamine business share significantly. Application in polyamide resin holds a major prominence and diethylenetriamine industry size from polyamide resin applications is expected to exceed USD 40 million by 2024. France and the US are major diethylenetriamine markets. As per estimates, France diethylenetriamine business share is anticipated to exceed USD 20 million.
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