Ethyleneamines are organic compounds that are primarily used as building block chemicals and in epoxy resin curing agents. Owing to their unique combination of reactivity, surface activity, and basicity, Ethyleneamines find a wide range of applications across the industries. However, the water treatment sector accounts for the key applications area, due to the solubility of Ethyleneamines in water and other organic solvents such as benzene, acetone, ethyl ether, and methanol, among others.
The global Ethyleneamines Market Forecast is growing rapidly over the past few years. The surging demand in various end-use applications such as chelating agents, lube oil additives, epoxy curing agents, and polyamide resins drives a huge ethyleneamines market growth. Besides, the market growth is majorly accelerated by the high reactivity of Ethyleneamines that leads to increasing its usages in the manufacturing of diverse products which have varied applications in various end-use industries.
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According to Market Research Future (MRFR), the global Ethyleneamines market is expected to garner exponential accruals by 2023, growing at a substantial CAGR during the assessment period (2016-2023). Rising investments in RD activities for optimizing the product quality and technological advancement provide ample opportunities to the market players. Furthermore, the rising product demand in the APAC countries offers lucrative opportunities for market players.
On the other hand, stringent government regulations owing to its hazardous nature would affect the market growth negatively. Also, price volatility and the demand-supply gap in the specialized raw materials are the major growth impeders for the Ethyleneamines market. Nevertheless, strong RD developments alongside the growing consumption of the product in surfactants, lube oil fuel additives, and in personal care cosmetics would support the growth of the global Ethyleneamines market throughout the review period.
Global Ethyleneamines Market – Segments
The report is segmented into five main dynamics to widen the scope of understanding,
By Type:EthyleneamineE-100, Aminoethylethanolamine (AEEA), Ethylenediamine (EDA), Diethylenetriamine (DETA), Triethylenetetramine (TETA), Tetraethylenepentamine (TEPA), Aminoethylpiperazine (AEP-HP), and others.
By Manufacturing Process: Reaction between Ethylene Dichloride and Ammonia, Reductive Amination of Monoethanolamide, and others.
By Application: Pesticides, Chelating Agent, Corrosion Inhibitors, Epoxy Curing Agent, Polyamide Resins, Lube Oil Fuel Additives, Adhesive Sealants, Oil Field Chemicals, Surfactants, and others.
By End-use Industry: Construction, Automotive, Pharmaceuticals, Paper Pulp, Agriculture, Water Treatment, Personal Care, Paints Coating, Textile, and others.
By Regions: Americas, Europe, Asia-Pacific, Middle East Africa, and Rest-of-the-World
Global Ethyleneamines Market – Regional Analysis
North America is projected to continue with its dominance over the global Ethyleneamines market. The large ethyleneamines market size attributes to the surging demand for the product in the water treatment and pharmaceutical industry. Besides, the growing consumption of Ethyleneamines in the automotive, medical devices, construction, and paints coating industry drives a huge market demand in the region. The US is a key contributor to the regional market growth owing to the growing need for water treatment chemicals and polyamide resins. The North American Ethyleneamines market is expected to grow at a substantial CAGR during the assessment period.
The Asia Pacific region is predicted to post the highest CAGR during the review period owing to the growing demand for Ethyleneamines from the automotive and agriculture industry. Besides, the presence of a large manufacturing base demanding Ethyleneamines such as automotive, construction, and medical devices impacts the growth of the regional market. Additionally, the constant rise in the economy and the rapid industrialization urbanization in the region foster the growth of the regional market.
Supportive government policies and the availability of cost-competitive laborforce are other key factors driving the market growth in the region. Furthermore, the spurting growth in the consumption of the product in end-use industries such as lube oil additives, agrochemicals, and paints coating propels the regional market growth. The APAC Ethyleneamines market is forecasted to witness a notable increase over the assessment period.
The European market is projected to experience significant growth owing to the expanding production of the automobile, especially in Germany, the UK, France, and Italy. The increase in the stringency of regulations related to environmental protection, coupled with growing investment in the medical devices industry, is another significant driver of market growth.
Global Ethyleneamines Market – Competitive Landscape
Highly competitive, the Ethyleneamines market appears to be fragmented due to the presence of several big and small players. Manufacturers rely on collaboration and partnerships with end-user industries to generate consistent business and to drive sustainable revenues. Bulk procurement of stock materials so as to gain economies of scale and achieve low cost of production is being used. Ethyleneamines manufacturers are employing a variety of strategies to ensure high quality consistency of the product.
Major Players:
Players leading the global Ethyleneamines market include Aminat, Akzo Nobel N.V., BASF SE, Diamines and Chemicals Limited, Delamine B.V., DowDuPont, Inc., Tosoh Corporation, Huntsman International LLC, LANXESS, and Parsol Chemicals Pvt. Ltd., among others.
Industry/ Innovation/ Related News:
October 16, 2019 ---- Nouryon (the Netherlands), a leading specialty chemicals company, inaugurated a demonstration plant in Sweden to expand ethylene amines offerings. Nouryon showcases a revolutionary and more sustainable technology platform to produce ethylene amines and their derivatives. Based on ethylene oxide (EO), Nouryon’s unique technology allows for the selective production of a wide range of end products.
Nouryon successfully manufactured the first batch of ethylene amines products in the demonstration plant, which further confirmed that the new technology is on an industrially relevant scale and marking the next step towards full commercialization.
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