Press release
Ethanolamines Market, worth USD 3.52 Billion in 2023, is expected to grow to USD 4.35 Billion. by 2030, with a 3.07 Percentage CAGR
๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The ethanolamines market is witnessing steady growth driven by their versatile applications across various industries, including personal care, agriculture, pharmaceuticals, and chemical manufacturing. Ethanolamines, comprising monoethanolamine (MEA), diethanolamine (DEA), and triethanolamine (TEA), serve as key intermediates in the production of detergents, emulsifiers, corrosion inhibitors, and gas treatment solutions. The market's expansion is fueled by increasing demand for agrochemicals and surfactants, alongside the growing need for gas sweetening and treatment in industrial applications. With their unique properties, ethanolamines continue to play a vital role in addressing diverse industrial and consumer needs globally.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ :https://www.maximizemarketresearch.com/request-sample/15442/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
The growth of the ethanolamines market is propelled by rising demand for agrochemicals, driven by the need to enhance agricultural productivity to meet global food requirements. Additionally, their application in gas treatment processes, particularly in the oil and gas industry for carbon dioxide and hydrogen sulfide removal, has significantly boosted market demand. Increasing urbanization and industrialization are also driving the demand for surfactants and personal care products, where ethanolamines are used as emulsifiers and pH adjusters. Furthermore, expanding pharmaceutical applications and the growing emphasis on energy-efficient construction materials are supporting the market's upward trajectory.
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฉ๐๐๐ญ๐๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐
Vietnam's agricultural industry has been a key driver of ethanolamines demand, particularly for herbicides and pesticides. Local companies are investing heavily in research and development. For instance, PetroVietnam Fertilizer and Chemicals Corporation recently announced plans to expand its product line to include ethanolamines-based formulations.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/15442/
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐๐๐ซ๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ
The personal care market in Thailand has witnessed significant growth, creating demand for ethanolamines used in the production of emulsifiers and surfactants. PTT Global Chemical recently entered a joint venture with a leading European firm to establish a production facility for ethanolamines, aiming to cater to the growing regional demand.
๐๐๐ฉ๐๐ง: ๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐๐๐ญ๐จ๐ซ
Japan's construction sector has adopted ethanolamines for concrete additives, offering improved durability. Mitsubishi Chemical Corporation has introduced innovative ethanolamines products tailored to this industry, contributing to market expansion.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
South Korea has seen significant consolidation in its chemical sector, with LG Chem acquiring a stake in a local ethanolamines producer to streamline its supply chain. This acquisition aligns with the country's growing focus on self-sufficiency in raw material production.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ซ๐๐๐ง ๐๐ง๐๐ซ๐ ๐ฒ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ
Singapore is integrating ethanolamines into green energy projects, particularly for carbon capture applications. Companies like Keppel Corporation are at the forefront, exploring new ethanolamines-based technologies to reduce carbon emissions.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ
The US remains a dominant player in the global ethanolamines market due to its robust industrial applications. Major players such as Dow Chemical Company have announced plans to expand production facilities to meet the rising domestic and international demand.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
Europe's ethanolamines market is being driven by sustainability goals, particularly in the manufacturing of biodegradable detergents. BASF SE recently launched a new line of eco-friendly products using ethanolamines, reinforcing its commitment to green initiatives.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐๐๐ ๐๐ launched an eco-friendly ethanolamines product line for industrial and consumer applications.
๐๐จ๐ฐ ๐๐ก๐๐ฆ๐ข๐๐๐ฅ Company announced a USD 150 million investment in ethanolamines production facilities in Texas.
๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง entered a strategic partnership to develop advanced ethanolamines for Japan's construction sector.
๐๐ ๐๐ก๐๐ฆ finalized the acquisition of a South Korean ethanolamines manufacturer to enhance its production capacity.
๐๐๐ฉ๐ฉ๐๐ฅ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง partnered with an Australian firm to research ethanolamines applications in carbon capture.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/15442/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
by Product Type
Monoethanolamine
Diethanolamine
Triethanolamine
by Application
Surfactants
Chemical Intermediates
Herbicides
Gas Treatment
Others
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-ethanolamines-market/15442/
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ญ๐ก๐๐ง๐จ๐ฅ๐๐ฆ๐ข๐ง๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
Ethanolamines Producers in North America
DowDuPont (US)
Huntsman Corporation (US)
Celanese Corporation (US)
LyondellBasell (Netherlands/US)
Invista (US)
Ethanolamines Producers Europe
BASF SE (Germany)
Thai Ethanolamines Co. Ltd. (Thailand)
Sintez OKA (Russia)
Ethanolamines Producers Asia Pacific
Fushun Beifang Chemical Co. Ltd. (China)
China Petroleum & Chemical Corporation (China)
Sinopec Shanghai GaoQiao Petrochemical Corporation (China)
Shijiazhuang Haisen Chemical Co. Ltd. (China)
Jiaxing Jinyan Chemical Co. Ltd. (China)
Daicel Chemical Industries Ltd. (Japan)
Amines & Plasticizers Ltd. (India)
BALAJI AMINES (India)
Reliance Industries Limited (India)
Ethanolamines Producers Middle East & Africa
SABIC (Saudi Arabia)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
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