Ethanolamines are organic compounds produced by the reaction between ethylene oxide and ammonia. They are composed of amino acids. Monoethanolamine, diethanolamines, and triethanolamines are the three types of products manufactured in the market. These products are known for their colorless and viscous features, along with the comparable odor of ammonia. The improving standard of living and growing demand for the product are the important factors which are influencing the market positively. Due to these factors, they are used in various applications such as detergents, chemical intermediates, herbicides, metal cleaning, and others.
The North America region is growing significantly in the market due to the presence of high standard of living and increasing production of cosmetic products. It is predicted that growing investments in the end-use industries is likely to drive the market in the region during the forecast period. The growing consumption of triethanolamines in dyes, shampoos, cleansers, and others has propelled countries such as the U.S., Canada, and Mexico to achieve a stunning growth in the market as they provide excellent flexibility, stability, and durable nature to the product.
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Ethanolamines Market- Top 10 global key players and their strategy: Some of the prominent players operating in the global ethanolamines market are BASF SE (Germany), The Dow Chemical Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Huntsman Corporation LLC (U.S.), LyondellBasell Industries Holdings B.V. (U.S.), Sintez OKA Group of Companies (Russia), INEOS (U.K.), SABIC (Saudi Arabia), Jiaxing Jinyan Chemical Co. Ltd. (China) and China Petroleum & Chemical Corporation (China) among others. Global Ethanolamines Market research report published by Market Research Future sharing details on Market Analysis, new Technology, Scope, Stake, Progress, Trends and Forecast up to 2023.
Intended Audience: Ethanolamines Market
- Ethanolamines market manufacturers
- Traders and Distributors of Ethanolamines market
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Ethanolamines Market – Segment Analysis
The global ethanolamines market is segregated into the product and application segments. The market by type is classified into monoethanolamine, diethanolamines, and triethanolamines segments. The market by application segment is bifurcated into detergents, chemical intermediates, herbicides, metal cleaning, gas treatment, cement, personal care, textiles, and others.
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The ethanolamines market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for the diethanolamines in detergents, chemical intermediates, herbicides, metal cleaning, and others. The increase in disposable income coupled with rapid urbanization has propelled the region to witness a higher growth over the assessment period. Countries such as China, Japan, and India are the major players in this market.
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