Press release
Ethanolamines Market to Grow at 4.59% CAGR Through 2029 | North America Leads Market Share with Strong Industrial Demand | DataM Intelligence
Ethanolamines Market
According to DataM Intelligence, the global ethanolamines market is expected to grow at a CAGR of 4.59% during the forecast period 2022-2029. This steady growth is propelled by increasing demand from agrochemicals and gas treatment applications, growing household cleaning product consumption, expanding cosmetics and personal care industry, rising pharmaceutical applications, and robust demand from paint and coating sectors across various industrial markets.
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Browse in-depth TOC on "Ethanolamines Market"
80 - Tables
77 - Figures
205 - Pages
Recent Developments (November 2025)
✅ BASF SE (Germany) launched a new high-purity monoethanolamine (MEA) grade specifically for agrochemical formulations, featuring enhanced stability and compatibility with modern pesticide systems.
✅ Dow Chemical Company (US) expanded their triethanolamine (TEA) portfolio for cosmetics applications, introducing specialized grades for personal care products with improved emulsifying properties.
✅ INEOS Group (UK) developed advanced diethanolamine (DEA) formulations for gas treatment applications, achieving superior acid gas removal efficiency in industrial processes.
✅ Huntsman Corporation (US) introduced high-concentration ethanolamine blends for household cleaning products, featuring improved surfactant properties and environmental compatibility.
✅ SABIC (Saudi Arabia) launched specialized MDEA solvents for natural gas treatment, gaining significant market share through enhanced performance in carbon capture applications.
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Competitive Landscape
The market features strong competition between global chemical manufacturers, specialized chemical companies, and regional producers.
1. BASF SE maintained market leadership with 26% global market share, expanding their MEA production capacity and reporting 22% revenue growth in 2024-2025 through strategic contracts with agrochemical manufacturers.
2. Dow Chemical Company captured 23% market share in TEA applications, securing long-term partnerships with cosmetics companies and achieving 24% growth through product innovation.
3. INEOS Group dominated the gas treatment segment with 21% market share, reporting 25% growth through advanced DEA formulations and technical support services.
4. Huntsman Corporation led household cleaning applications with 19% market share, achieving 21% growth through customized ethanolamine blends for detergent manufacturers.
5. SABIC expanded their MDEA solvent business with 17% market share, focusing on energy sector applications with 23% revenue growth.
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Segmentation Analysis
By Type
• Monoethanolamine (MEA) dominates the market with 42% revenue share in 2024, projected to grow at 4.8% CAGR, valued for versatile applications in agrochemicals, gas treatment, and as a chemical intermediate with strong reactivity and cost-effectiveness.
• Triethanolamine (TEA) shows strong growth with 35% revenue share in 2024, expected to grow at 5.2% CAGR, preferred for cosmetics and personal care applications, offering excellent emulsifying properties and mild characteristics.
• Diethanolamine (DEA) demonstrates significant expansion with 23% revenue share in 2024, growing at 4.1% CAGR, valued for gas treatment and surfactant applications.
By Form
• Liquid leads the market with 88% revenue share in 2024, growing at 4.6% CAGR, driven by ease of handling, storage, and transportation in bulk quantities for industrial applications.
• Solid shows specialized applications with 12% revenue share in 2024, expected to grow at 4.3% CAGR, preferred for specific formulations requiring precise dosing and stability.
By Grade
• 99% represents the largest segment with 45% revenue share in 2024, projected to grow at 4.7% CAGR, driven by industrial applications requiring high purity and consistent performance.
• 99.5% shows robust growth with 35% revenue share in 2024, expanding at 5.1% CAGR, valued for pharmaceutical and high-end cosmetic applications.
• 98% and other grades demonstrate cost-effective solutions for less demanding applications.
By Application
• Gas Treatment dominates the market with 38% revenue share in 2024, growing at 5.3% CAGR, driven by MDEA solvents gaining significant market share through superior acid gas removal efficiency, environmental compliance requirements, and expanding natural gas processing capacity.
• Agrochemicals shows strong growth with 28% revenue share in 2024, expanding at 4.9% CAGR, valued for herbicide and pesticide formulations.
• Household Cleaning and Paraffin and Wax demonstrate consistent demand across consumer and industrial markets.
By End-User
• Cosmetics & Personal Care leads the market with 32% revenue share in 2024, projected to grow at 5.4% CAGR, driven by TEA demand for emulsifiers, thickeners, and pH adjusters in skincare and haircare products.
• Agriculture shows accelerated growth with 25% revenue share in 2024, expected to grow at 4.8% CAGR, preferred for crop protection chemical formulations.
• Pharmaceutical and Paint and Coating demonstrate expanding applications in specialized formulations.
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Regional Analysis:
North America commands the largest market share with 35% revenue share in 2024, driven by strong industrial base, advanced cosmetics and personal care industry, significant agrochemical production, stringent environmental regulations for gas treatment, and established manufacturing infrastructure across the United States and Canada.
Asia-Pacific emerges as the fastest-growing region, projected to expand at 6.2% CAGR through 2029, fueled by rapid industrialization, growing agricultural sector, expanding cosmetics market, increasing energy demand, and strong manufacturing growth across China, India, Japan, and Southeast Asian countries.
Market Trends & Drivers
The Ethanolamines Market is experiencing steady growth driven by industrial expansion, environmental regulations, consumer product demand, and technological advancements. Key trends include the development of high-purity grades, expansion of gas treatment applications, growth in sustainable formulations, innovation in specialty applications, and increasing focus on bio-based alternatives. The industrial growth, regulatory compliance, and consumer trends are significantly contributing to market expansion.
Related Reports:
1. Agrochemicals Market - https://www.datamintelligence.com/research-report/agrochemicals-market?jd
2. Personal Care Ingredients Market - https://www.datamintelligence.com/research-report/personal-care-ingredients-market?jd
3. Amphoteric Surfactants Market - https://www.datamintelligence.com/research-report/amphoteric-surfactants-market?jd
Contact Us:
Sai Kiran
DataM Intelligence 4market Research LLP
Phone: +1 877-441-4866
Email: Sai.k@datamintelligence.com
About DataM Intelligence
DataM Intelligence is a renowned provider of market research, delivering deep insights through pricing analysis, market share breakdowns, and competitive intelligence. The company specialises in strategic reports that guide businesses in high-growth sectors such as nutraceuticals and AI-driven health innovations.
To find out more, visit https://www.datamintelligence.com/ or follow us on Twitter, LinkedIn and Facebook.
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