Ethanolamines Market Detailed Analysis Application, Production, Top Players Growth, Forecast 2032

 The ethanolamines market is projected to grow at a CAGR of approximately 4.1% from 2022 to 2032. During the period from 2017 to 2021, the methanolamine market experienced a CAGR of around 4.8%. This growth is largely driven by the rising demand for acid gas removal, including hydrogen sulfide from natural gas, olefin cracker outputs, and refinery streams, which boosts the demand for monoethanolamine.

The market expansion is also supported by increased use of ethanolamines in various end-use sectors such as detergents, herbicides, and textiles. Ethanolamines are widely used as raw materials in the production of solvents, polishes, and pharmaceuticals. Additionally, the growing demand for building chemicals and protective coatings for metal shielding is expected to further drive market growth. In the coming years, anticipated increases in surfactant usage in the United States and Western Europe are likely to contribute significantly to the market's expansion.

Download a Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=8077

Key Takeaways from the Market Study

  • Global Ethanolamines Market is expected to reach a market size of US$ 3.2 Bn by 2022.
  • Monoethanolamine product type is expected to have the highest CAGR rate of 3.7% during the forecast period.
  • United States to remain the most dominant market with absolute dollar growth opportunity of US$ 500 Mn during 2022 – 2032.
  • The market in China is set to experience the highest CAGR of 3.6% during the 2022-2032 forecast periods.

Market Segments Covered in Ethanolamines Market Analysis
By Product type

  • Monoethanolamine (MEA)
  • Diethanolamine (DEA)
  • Triethanolamine (TEA)

By End-user Industry

  • Agriculture
  • Construction
  • Personal Care
  • Oil and Gas
  • Metallurgy and Metalworking
  • Textile
  • Other End-user Industries

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Get Customization on this Report for Specific Research Solutions – https://www.factmr.com/connectus/sample?flag=RC&rep_id=8077

Competitive Analysis:
Key Companies Covered

  • Huntsman Corporation
  • Dow Chemical Corporation
  • CNPC
  • BASF
  • Alkyl Amines Chemicals Ltd.
  • Thai Ethanolamines Co.
  • Daicel Chemical Industries
  • INEOS Oxide Ltd.
  • Fushun Beifang Chemical Co. Ltd.
  • Celanese Corporation
  • Akzo Nobel

Here are some recent developments in the ethanolamines market:

  • In February 2022, PetroChina Jilin Petrochemical Company launched a major restructuring and enhancement project. This initiative, a crucial part of CNPC's strategy for growth, involves the development of 21 new facilities, including an ethylene plant, and the refurbishment of nine existing ones. The project emphasizes green energy and advanced environmental technologies, marking CNPC’s first chemical project fully powered by green energy. It aims to boost CNPC’s petrochemical and refining operations, support the local petrochemical industry, and contribute to the revitalization of Northeast China.
  • In September 2021, Huntsman Corporation announced a significant expansion of its polyurethane catalysts and specialty amino acids production at its Petfurdo facility in Hungary. This multimillion-dollar investment is set to enhance global capacity and introduce new technologies to the polyurethane, coatings, metalworking, and electronics sectors. The expansion is expected to be completed by mid-2023, providing increased flexibility and support for various industries.

Additional developments in the ethanolamines market can be explored in the full Fact.MR report.

Read More: https://www.factmr.com/report/ethanolamines-market

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Global Ethanolamines Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Global Ethanolamines Market by Product Type (Monoethanolamine, Diethanolamine, and Triethanolamine), by End-user (Agriculture, Construction, Personal Care, Oil and Gas, Metallurgy and Metalworking, Textile and Other End-user Industries), across five regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

Comments

Post a Comment

Popular posts from this blog

Aircraft Seat Market - Growth Analysis and Forecast by 2034

  The aircraft seat market in North America is expected to increase at a compound annual growth rate (CAGR) of 6.5% through 2034. A surge in market demand in important nations, especially the United States and Canada, is the main cause of the noteworthy increase. With a projected 72.3% market share in 2024, the US led the business. The global aircraft seats market is projected to be valued US$4,595.2 million in 2024. It is predicted to grow at a 6.1% CAGR. By 2034, the market for airplane seats is projected to grow at a rate of US$ 8,307.3 million. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=9534 The term "aircraft seat" describes the seats that are given to passengers during flight; these seats are made to guarantee comfort, safety, and effective use of the cabin's space. Class-based seating arrangements, including economy, business, and first class, are an essential component of an aircr...
Read more

𝐅𝐨𝐫𝐠𝐞 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐌𝐞𝐭𝐚𝐥 𝐅𝐨𝐫𝐠𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐚𝐧𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬

Image
he metal forging industry is witnessing an exciting era of innovation, with advancements in techniques and materials reshaping the landscape of manufacturing. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.factmr.com/connectus/sample?flag=S&rep_id=4524 The global metal forging market reached a valuation of US$ 103.8 billion in 2023. Projections suggest that by 2033, it is poised to surge to US$ 208 billion. Anticipated growth indicates a steady rise in global demand for metal forging solutions, with a projected compound annual growth rate (CAGR) of 7.2% from 2023 to 2033. 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 : 𝐂𝐮𝐭𝐭𝐢𝐧𝐠 - 𝐄𝐝𝐠𝐞 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 : Discover how novel forging techniques are revolutionizing the way we shape metal components. From precision forging and hot forming to additive manufacturing and hybrid processes, these innovations are pushing the boundaries of what's possible in metal fabrication. 𝐌𝐚𝐭𝐞𝐫𝐢𝐚?...
Read more

Surgical Mesh Market Key Strategies, Application, Segmentation, Trends and Opportunities Forecast to 2033

  The surgical mesh market in North America holds the dominant market share at 40.1%. Over the forecast period, this regional market is anticipated to exhibit a 5.1% compound annual growth rate (CAGR), propelled by the increasing health awareness and literacy levels among its population. The global  surgical mesh market size  is estimated to be worth approximately US$ 1.29 billion in 2022. Projections suggest that by the end of 2032, the market is expected to exceed a valuation of US$ 2.2 billion, demonstrating a steady compound annual growth rate (CAGR) of 5.5% during the 2022 to 2032 period. Download a Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=6632   The global surgical mesh market is experiencing significant growth, and one of the key factors driving this expansion is the increasing geriatric population and rising obesity rates worldwide. Surgical mesh, a medical device used in various procedures to provide support and r...
Read more