Ethanolamine Market Strategies and Share 2031
Analyst Perspective
The global ethanolamine market is expected to register a CAGR of 3.7%. The global ethanolamine market is thriving due to a rise in environmentally friendly and sustainable products. Ethanolamine, recognized for its low toxicity and ability to cut greenhouse gas emissions in specific applications, is becoming popular across industries like personal care, agriculture, and chemicals. Ethanolamine produces herbicides and pesticides, contributing to the market's growth alongside the expanding agrochemical sector. Ethanolamine finds application in pharmaceuticals as a buffering agent and chemical synthesis, further bolstering the market. Product diversification technological advancements are significant growth-driven opportunities for the ethanolamine market. Volatile raw material prices, environmental concerns, and competition are significant challenges that may hamper ethanolamine's market growth.
Market Overview
Ethanolamine is a chemical compound used in various industrial applications, including producing detergents, personal care products, and agrochemicals. It is employed in gas treatment and as a feedstock for producing surfactants and pharmaceuticals. Ethanolamine is a versatile chemical that plays a significant role in construction and agriculture. Ethanolamine acts as a performance enhancer and grinding aid, significantly reducing energy consumption while making cement finer and smoother. Ethanolamine-infused coatings for steel and concrete offer enhanced corrosion resistance, extending the lifespan of infrastructure and machinery. It is also used in producing metalworking fluids and as an antifreeze additive in lubricants for metalworking. The growing demand for ethanolamine presents lucrative opportunities for established players to expand capacities and for innovative companies to develop next-generation applications. Sustainability is a crucial differentiator for the manufacturers.
Market Drivers
- Ethanolamine finds applications in diverse industries, including personal care, agrochemicals, construction, and wood preservation. The booming construction and personal care sectors in developing countries are significant drivers.
- Ethanolamine's amphiphilic nature, which has both hydrophilic and hydrophobic properties, makes it an ideal ingredient for surfactants. Surfactants are used in various cleaning products, cosmetics, and agrochemicals, contributing to the rising demand for ethanolamine.
- Ethanolamine is crucial in capturing acid gases like carbon dioxide and hydrogen sulfide from natural gas and industrial emissions. This is becoming increasingly important due to stringent environmental regulations and the growing focus on carbon capture and storage technologies.
- The factors mentioned above are likely to drive the growth of the ethanolamine market.
Market Segmentation
The global ethanolamine market is segmented based on type and end-user. Based on type, the market is segmented into monoethanolamine, diethanolamine, and triethanolamine. Based on end-user, the market is segmented into agriculture, construction, personal care, oil & gas, metallurgy & metalworking, textile, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global Ethanolamine market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The Ethanolamine market by region is also sub-segmented by respective countries and segments. The Ethanolamine market report covers an analysis and forecast of 18 countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the Ethanolamine market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the Ethanolamine market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the ethanolamine market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the ethanolamine market are expected to have lucrative growth opportunities with the increasing demand for versatile products globally.
The report includes key companies' profiles, SWOT analysis, and Ethanolamine market strategies. The report also focuses on leading market players with information including company profiles, components, and services offered, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the Ethanolamine market.
- Akzo Nobel
- Alkyl Amines Chemicals Ltd
- BASF SE
- Celanese Corporation
- Dow Chemical
- Humstan Corporation
- Ineos
- Jiaxing Jinyan Chemical Co Ltd
- Sabic
- Sintez Oka Group of Companies
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Ethanolamine Market - By Product
- Ethanolamine Market - By Application
- Ethanolamine Market - By End-User
- Ethanolamine Market - By Region
- By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ETHANOLAMINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. ETHANOLAMINE MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ETHANOLAMINE MARKET - GLOBAL MARKET ANALYSIS
6.1. ETHANOLAMINE - GLOBAL MARKET OVERVIEW
6.2. ETHANOLAMINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. ETHANOLAMINE MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MONOETHANOLAMINE
7.3.1. Overview
7.3.2. Monoethanolamine Market Forecast and Analysis
7.4. DIETHANOLAMINE
7.4.1. Overview
7.4.2. Diethanolamine Market Forecast and Analysis
7.5. TRIETHANOLAMINE
7.5.1. Overview
7.5.2. Triethanolamine Market Forecast and Analysis
8. ETHANOLAMINE MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CLEANING
8.3.1. Overview
8.3.2. Cleaning Market Forecast and Analysis
8.4. GAS TREATMENT
8.4.1. Overview
8.4.2. Gas Treatment Market Forecast and Analysis
8.5. WATER TREATMENT
8.5.1. Overview
8.5.2. Water Treatment Market Forecast and Analysis
8.6. COSMETICS
8.6.1. Overview
8.6.2. Cosmetics Market Forecast and Analysis
8.7. LUBRICANTS
8.7.1. Overview
8.7.2. Lubricants Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ETHANOLAMINE MARKET REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. POLYURETHANE
9.3.1. Overview
9.3.2. Polyurethane Market Forecast and Analysis
9.4. PERSONAL CARE
9.4.1. Overview
9.4.2. Personal Care Market Forecast and Analysis
9.5. CHEMICAL
9.5.1. Overview
9.5.2. Chemical Market Forecast and Analysis
9.6. AGROCHEMICAL
9.6.1. Overview
9.6.2. Agrochemical Market Forecast and Analysis
9.7. RUBBER
9.7.1. Overview
9.7.2. Rubber Market Forecast and Analysis
9.8. OIL & PETROCHEMICAL
9.8.1. Overview
9.8.2. Oil & Petrochemical Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Other Market Forecast and Analysis
10. ETHANOLAMINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America Ethanolamine Market Overview
10.1.2. North America Ethanolamine Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Product
10.1.4. North America Market Forecasts and Analysis - By Application
10.1.5. North America Market Forecasts and Analysis - By End-User
10.1.6. North America Market Forecasts and Analysis - By Countries
10.1.6.1. US Market
10.1.6.1.1. US Market by Product
10.1.6.1.2. US Market by Application
10.1.6.1.3. US Market by End-User
10.1.6.2. Canada Market
10.1.6.2.1. Canada Market by Product
10.1.6.2.2. Canada Market by Application
10.1.6.2.3. Canada Market by End-User
10.1.6.3. Mexico Market
10.1.6.3.1. Mexico Market by Product
10.1.6.3.2. Mexico Market by Application
10.1.6.3.3. Mexico Market by End-User
10.2. EUROPE
10.2.1. Europe Ethanolamine Market Overview
10.2.2. Europe Ethanolamine Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Product
10.2.4. Europe Market Forecasts and Analysis - By Application
10.2.5. Europe Market Forecasts and Analysis - By End-User
10.2.6. Europe Market Forecasts and Analysis - By Countries
10.2.6.1. France Market
10.2.6.1.1. France Market by Product
10.2.6.1.2. France Market by Application
10.2.6.1.3. France Market by End-User
10.2.6.2. Germany Market
10.2.6.2.1. Germany Market by Product
10.2.6.2.2. Germany Market by Application
10.2.6.2.3. Germany Market by End-User
10.2.6.3. Italy Market
10.2.6.3.1. Italy Market by Product
10.2.6.3.2. Italy Market by Application
10.2.6.3.3. Italy Market by End-User
10.2.6.4. Russia Market
10.2.6.4.1. Russia Market by Product
10.2.6.4.2. Russia Market by Application
10.2.6.4.3. Russia Market by End-User
10.2.6.5. UK Market
10.2.6.5.1. UK Market by Product
10.2.6.5.2. UK Market by Application
10.2.6.5.3. UK Market by End-User
10.2.6.6. Rest of Europe Market
10.2.6.6.1. Rest of Europe Market by Product
10.2.6.6.2. Rest of Europe Market by Application
10.2.6.6.3. Rest of Europe Market by End-User
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific Ethanolamine Market Overview
10.3.2. Asia Pacific Ethanolamine Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Product
10.3.4. Asia Pacific Market Forecasts and Analysis - By Application
10.3.5. Asia Pacific Market Forecasts and Analysis - By End-User
10.3.6. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.6.1. South Korea Market
10.3.6.1.1. South Korea Market by Product
10.3.6.1.2. South Korea Market by Application
10.3.6.1.3. South Korea Market by End-User
10.3.6.2. China Market
10.3.6.2.1. China Market by Product
10.3.6.2.2. China Market by Application
10.3.6.2.3. China Market by End-User
10.3.6.3. India Market
10.3.6.3.1. India Market by Product
10.3.6.3.2. India Market by Application
10.3.6.3.3. India Market by End-User
10.3.6.4. Japan Market
10.3.6.4.1. Japan Market by Product
10.3.6.4.2. Japan Market by Application
10.3.6.4.3. Japan Market by End-User
10.3.6.5. Australia Market
10.3.6.5.1. Australia Market by Product
10.3.6.5.2. Australia Market by Application
10.3.6.5.3. Australia Market by End-User
10.3.6.6. Rest of APAC Market
10.3.6.6.1. Rest of APAC Market by Product
10.3.6.6.2. Rest of APAC Market by Application
10.3.6.6.3. Rest of APAC Market by End-User
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa Ethanolamine Market Overview
10.4.2. Middle East and Africa Ethanolamine Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Product
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Application
10.4.5. Middle East and Africa Market Forecasts and Analysis - By End-User
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1. South Africa Market
10.4.6.1.1. South Africa Market by Product
10.4.6.1.2. South Africa Market by Application
10.4.6.1.3. South Africa Market by End-User
10.4.6.2. Saudi Arabia Market
10.4.6.2.1. Saudi Arabia Market by Product
10.4.6.2.2. Saudi Arabia Market by Application
10.4.6.2.3. Saudi Arabia Market by End-User
10.4.6.3. UAE Market
10.4.6.3.1. UAE Market by Product
10.4.6.3.2. UAE Market by Application
10.4.6.3.3. UAE Market by End-User
10.4.6.4. Rest of MEA Market
10.4.6.4.1. Rest of MEA Market by Product
10.4.6.4.2. Rest of MEA Market by Application
10.4.6.4.3. Rest of MEA Market by End-User
10.5. SOUTH AMERICA (SAM)
10.5.1. South America Ethanolamine Market Overview
10.5.2. South America Ethanolamine Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Product
10.5.4. South America Market Forecasts and Analysis - By Application
10.5.5. South America Market Forecasts and Analysis - By End-User
10.5.6. South America Market Forecasts and Analysis - By Countries
10.5.6.1. Brazil Market
10.5.6.1.1. Brazil Market by Product
10.5.6.1.2. Brazil Market by Application
10.5.6.1.3. Brazil Market by End-User
10.5.6.2. Argentina Market
10.5.6.2.1. Argentina Market by Product
10.5.6.2.2. Argentina Market by Application
10.5.6.2.3. Argentina Market by End-User
10.5.6.3. Rest of SAM Market
10.5.6.3.1. Rest of SAM Market by Product
10.5.6.3.2. Rest of SAM Market by Application
10.5.6.3.3. Rest of SAM Market by End-User
11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
12. ETHANOLAMINE MARKET, KEY COMPANY PROFILES
12.1. AKZO NOBEL NV
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products & Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BASF SE
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products & Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CHINA PETROLEUM & CHEMICAL CORPORATION (SINOPEC)
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products & Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DAICEL CORPORATION
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products & Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. EASTMAN CHEMICAL COMPANY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products & Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. HUNTSMAN INTERNATIONAL LLC
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products & Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. INEOS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products & Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. KOCH INDUSTRIES
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products & Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. MITSUBISHI GAS CHEMICAL COMPANY, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products & Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. THE DOW CHEMICAL COMPANY
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products & Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Akzo Nobel N.V.
2. BASF SE
3. China Petroleum & Chemical Corporation or Sinopec
4. Daicel Corporation
5. Eastman Chemical Company
6. Huntsman International LLC
7. INEOS
8. Koch Industries
9. Mitsubishi Gas Chemical Company, Inc.
10. The Dow Chemical Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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