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N-Methyldiethanolamine (N-MDEA) - Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
N-Methyldiethanolamine (N-MDEA) - Market SizeThe global N-Methyldiethanolamine (N-MDEA) market size is expected to reach US$ 848 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029.
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N-Methyldiethanolamine (N-MDEA) - Market
N-Methyldiethanolamine (N-MDEA) is manufactured by ethoxylation of methylamine and ethylene oxide. It is extensively used for amine gas treatment and gas sweetening. Being a weak base, N-MDEA reacts rapidly with hydrogen sulfide and carbon dioxide in order to remove hydrogen sulfide and carbon dioxide, which is produced from natural gas and crude oil during the refining stage.
The market is mainly driven by the significant applications of N-Methyldiethanolamine (N-MDEA) in various end use industries. The expanding demands from the Oil and Gas, Textile, Medical and Paints and Coatings, are propelling N-Methyldiethanolamine (N-MDEA) market. N-MDEA 95％, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the N-MDEA 97％ segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for N-Methyldiethanolamine (N-MDEA) market, driven by demand from China, the second largest economy with some signs of stabilising, the N-Methyldiethanolamine (N-MDEA) market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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Company Profiles:
• Amines & Plasticizers Ltd.
• BASF SE
• Changzhou Yuping Chemical
• Eastman Chemical Company
• Huntsman Corporation
• INEOS GROUP HOLDINGS
• Jiangsu Taihu New Materials Holding
• Sichuan Institute of Fine Chemical Industry Research and Design
• Sintez OKA Group of Companies
• Dow
• Yixing Xingguang Baoyi Chemical
• ATHENA CHEMICAL TECHNOLOGIES
Segment by Type:
• N-MDEA 95％
• N-MDEA 97％
• N-MDEA 99％
by Application
• Oil and Gas
• Textile
• Medical
• Paints and Coatings
• Others
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