The Monoethanolamine Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Grade (Industrial Grade, Pharmaceutical Grade, and Others). The report presents analysis based on Application (Chemical Industry, Detergents, Personal Care Products, Agrochemical, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Monoethanolamine Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Monoethanolamine Market Segmentation
Grade- Industrial Grade
- Pharmaceutical Grade
- Chemical Industry
- Detergents
- Personal Care Products
- Agrochemical
Strategic Insights
Monoethanolamine Market Growth Drivers- Growth of Chemical Industry: Chemical industry growth is one of the most important monoethanolamine stimulants, as it's rapidly progressing. Some industries grow with the increasing demand for MEA - an all-rounder chemical intermediate. MEA is used in the production of surfactants, emulsifiers, and solvents.
- Rising Global Population Drives MEA Demand in Agrochemicals: With an increasing global population, the demand for effective crop protection solutions is getting high. Moreover, as their usage increases along with effective crop protection solutions, agrochemicals containing MEA are also acquiring popularity. Therefore, this rising demand for monoethanolamine can act as a helper to the overall growth of the market because manufacturers are now searching for efficient solutions for modern agricultural practices.
- Role in Pharmaceutical Synthesis Strengthens Market Demand: The synthesis of APIs also comes under the reliance of the pharmaceutical industry on MEA. A greater need for more reliable intermediates, such as MEA, arises from the fast movement of drugs along with the development of new therapies. This eventually leads to an increase in demand within the pharmaceutical industry; however, it also consolidates the position of MEA as a key figure in the overall chemical map.
- Demand for Personal Care Products: The personal care products sector is emerging as a significant trend driver of growth in the monoethanolamine (MEA) market. MEA is widely utilized in formulating a variety of personal care products, such as shampoos and conditioners, and formulations of skin care. Its surfactant and emulsifier properties enhance product effectiveness in capturing the attention of consumers seeking solutions.This soaring demand for innovative, multifunctional products in the personal care sector leads manufacturers to add more of MEA in their formulations. It will become the strength for those brands, who look to get different in a marketplace, as the emulsifying ability of MEA along with an improvement in texture is likely to be that boost that MEA demand in the personal care sector would need.
- Consumer Focus on Safety and Efficacy Fuels MEA Adoption in Skincare: One more increasing consumer awareness of the safety and efficacy of the ingredients that drive the change in consumer preferences. The applications of MEA can vary, it can be used in non-irritating formulations of sensitive skin's products; this is extremely appealing for a brand interested in skin care. With the emphasis of the consumers on product quality and safety, adoption of MEA in the personal care product formulations is quite consistent with these fast-evolving trends.
- Increase Use in Detergent Manufacturing: The MEA market is largely fueled by growth prospects in detergent production. MEA is a key ingredient used in several cleaning formulations and is widely used in laundry detergents and other household cleaners. Its surfactant property makes it extremely useful in enhancing effectiveness in cleaning and therefore finds its applicability in manufacturing areas where enhancement in product effectiveness is the prime focus.
- Demand for Eco-Friendly and Effective Detergents Boosts MEA Usage: The increases in demand for greener and more effective formulations for cleaning are influencing the use of MEA in detergent mixtures. As consumers wake up to the grave environmental implications of cleaning products, manufacturers find themselves looking for environmentally friendly, safe, yet highly effective ingredients. Therefore, the requirement is fulfilled by MEA, thereby creating further opportunities in the market.
- Concentrated and Sustainable Detergents Increase MEA Demand: Another key source of growth for MEA is in the area of detergent formulations, where the market is focusing on concentrated and environmentally friendly products. Emulsifiers and surfactants, among others, will have to function to new performance standards introduced by the formulations, which is an area where the specific properties of MEA can become a point of difference. Increases will also reflect the growing demand for quality ingredients such as MEA in an evolving detergent sector.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Monoethanolamine Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Monoethanolamine Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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.
Frequently Asked Questions
Demand for Personal Care Products is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the monoethanolamine market.
Akzo Nobel, Amines and Plasticizers ltd., BASF SE are some of the key players operating in the monoethanolamine market
Based on grade, industrial grade is expected to witness the fastest growth during the forecast period
The Monoethanolamine Market is estimated to witness a CAGR of 5% from 2023 to 2031
Growth of Chemical Industry is driving the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Monoethanolamine Market - By Product Type
1.3.2 Monoethanolamine Market - By Application
1.3.3 Monoethanolamine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MONOETHANOLAMINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MONOETHANOLAMINE MARKET - KEY MARKET 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 AND RESTRAINTS
6. MONOETHANOLAMINE MARKET - GLOBAL MARKET ANALYSIS
6.1. MONOETHANOLAMINE - GLOBAL MARKET OVERVIEW
6.2. MONOETHANOLAMINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MONOETHANOLAMINE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. INDUSTRIAL GRADE
7.3.1. Overview
7.3.2. Industrial Grade Market Forecast and Analysis
7.4. PHARMACEUTICAL GRADE
7.4.1. Overview
7.4.2. Pharmaceutical Grade Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. MONOETHANOLAMINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CHEMICAL INDUSTRY
8.3.1. Overview
8.3.2. Chemical Industry Market Forecast and Analysis
8.4. DETERGENTS
8.4.1. Overview
8.4.2. Detergents Market Forecast and Analysis
8.5. PERSONAL CARE PRODUCTS
8.5.1. Overview
8.5.2. Personal Care Products Market Forecast and Analysis
8.6. AGROCHEMICAL
8.6.1. Overview
8.6.2. Agrochemical Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. MONOETHANOLAMINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Monoethanolamine Market Overview
9.1.2 North America Monoethanolamine Market Forecasts and Analysis
9.1.3 North America Monoethanolamine Market Forecasts and Analysis - By Product Type
9.1.4 North America Monoethanolamine Market Forecasts and Analysis - By Application
9.1.5 North America Monoethanolamine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Monoethanolamine Market
9.1.5.1.1 United States Monoethanolamine Market by Product Type
9.1.5.1.2 United States Monoethanolamine Market by Application
9.1.5.2 Canada Monoethanolamine Market
9.1.5.2.1 Canada Monoethanolamine Market by Product Type
9.1.5.2.2 Canada Monoethanolamine Market by Application
9.1.5.3 Mexico Monoethanolamine Market
9.1.5.3.1 Mexico Monoethanolamine Market by Product Type
9.1.5.3.2 Mexico Monoethanolamine Market by Application
9.2. EUROPE
9.2.1 Europe Monoethanolamine Market Overview
9.2.2 Europe Monoethanolamine Market Forecasts and Analysis
9.2.3 Europe Monoethanolamine Market Forecasts and Analysis - By Product Type
9.2.4 Europe Monoethanolamine Market Forecasts and Analysis - By Application
9.2.5 Europe Monoethanolamine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Monoethanolamine Market
9.2.5.1.1 Germany Monoethanolamine Market by Product Type
9.2.5.1.2 Germany Monoethanolamine Market by Application
9.2.5.2 France Monoethanolamine Market
9.2.5.2.1 France Monoethanolamine Market by Product Type
9.2.5.2.2 France Monoethanolamine Market by Application
9.2.5.3 Italy Monoethanolamine Market
9.2.5.3.1 Italy Monoethanolamine Market by Product Type
9.2.5.3.2 Italy Monoethanolamine Market by Application
9.2.5.4 United Kingdom Monoethanolamine Market
9.2.5.4.1 United Kingdom Monoethanolamine Market by Product Type
9.2.5.4.2 United Kingdom Monoethanolamine Market by Application
9.2.5.5 Russia Monoethanolamine Market
9.2.5.5.1 Russia Monoethanolamine Market by Product Type
9.2.5.5.2 Russia Monoethanolamine Market by Application
9.2.5.6 Rest of Europe Monoethanolamine Market
9.2.5.6.1 Rest of Europe Monoethanolamine Market by Product Type
9.2.5.6.2 Rest of Europe Monoethanolamine Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Monoethanolamine Market Overview
9.3.2 Asia-Pacific Monoethanolamine Market Forecasts and Analysis
9.3.3 Asia-Pacific Monoethanolamine Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Monoethanolamine Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Monoethanolamine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Monoethanolamine Market
9.3.5.1.1 Australia Monoethanolamine Market by Product Type
9.3.5.1.2 Australia Monoethanolamine Market by Application
9.3.5.2 China Monoethanolamine Market
9.3.5.2.1 China Monoethanolamine Market by Product Type
9.3.5.2.2 China Monoethanolamine Market by Application
9.3.5.3 India Monoethanolamine Market
9.3.5.3.1 India Monoethanolamine Market by Product Type
9.3.5.3.2 India Monoethanolamine Market by Application
9.3.5.4 Japan Monoethanolamine Market
9.3.5.4.1 Japan Monoethanolamine Market by Product Type
9.3.5.4.2 Japan Monoethanolamine Market by Application
9.3.5.5 South Korea Monoethanolamine Market
9.3.5.5.1 South Korea Monoethanolamine Market by Product Type
9.3.5.5.2 South Korea Monoethanolamine Market by Application
9.3.5.6 Rest of Asia-Pacific Monoethanolamine Market
9.3.5.6.1 Rest of Asia-Pacific Monoethanolamine Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Monoethanolamine Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Monoethanolamine Market Overview
9.4.2 Middle East and Africa Monoethanolamine Market Forecasts and Analysis
9.4.3 Middle East and Africa Monoethanolamine Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Monoethanolamine Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Monoethanolamine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Monoethanolamine Market
9.4.5.1.1 South Africa Monoethanolamine Market by Product Type
9.4.5.1.2 South Africa Monoethanolamine Market by Application
9.4.5.2 Saudi Arabia Monoethanolamine Market
9.4.5.2.1 Saudi Arabia Monoethanolamine Market by Product Type
9.4.5.2.2 Saudi Arabia Monoethanolamine Market by Application
9.4.5.3 U.A.E Monoethanolamine Market
9.4.5.3.1 U.A.E Monoethanolamine Market by Product Type
9.4.5.3.2 U.A.E Monoethanolamine Market by Application
9.4.5.4 Rest of Middle East and Africa Monoethanolamine Market
9.4.5.4.1 Rest of Middle East and Africa Monoethanolamine Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Monoethanolamine Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Monoethanolamine Market Overview
9.5.2 South and Central America Monoethanolamine Market Forecasts and Analysis
9.5.3 South and Central America Monoethanolamine Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Monoethanolamine Market Forecasts and Analysis - By Application
9.5.5 South and Central America Monoethanolamine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Monoethanolamine Market
9.5.5.1.1 Brazil Monoethanolamine Market by Product Type
9.5.5.1.2 Brazil Monoethanolamine Market by Application
9.5.5.2 Argentina Monoethanolamine Market
9.5.5.2.1 Argentina Monoethanolamine Market by Product Type
9.5.5.2.2 Argentina Monoethanolamine Market by Application
9.5.5.3 Rest of South and Central America Monoethanolamine Market
9.5.5.3.1 Rest of South and Central America Monoethanolamine Market by Product Type
9.5.5.3.2 Rest of South and Central America Monoethanolamine Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MONOETHANOLAMINE MARKET, KEY COMPANY PROFILES
11.1. AKZO NOBEL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AMINES AND PLASTICIZERS LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BASF SE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DOW
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EQUISTAR
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HUNTSMAN
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INEOS OXIDE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. JIAXING JINYAN CHEMICAL CO
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NIPPON SHOKUBAI
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SASOL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Akzo Nobel
2. Amines and Plasticizers ltd.
3. BASF SE
4. Dow
5. Equistar
6. Huntsman
7. Ineos oxide
8. jiaxing Jinyan Chemical Co
9. Nippon Shokubai
10. Sasol
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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