세계 에탄올아민 시장의 예측(-2030년) : 제품 유형별, 용도별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Ethanolamine Market is accounted for $2.4 billion in 2024 and is expected to reach $3.3 billion by 2030 growing at a CAGR of 5.7% during the forecast period. Ethanolamine is an organic compound with the formula C2H?NO, consisting of an ethyl group attached to an amino group and a hydroxyl group. It is a versatile chemical used as a building block in various industries. Ethanolamine is employed in the manufacture of surfactants, detergents, corrosion inhibitors, pharmaceuticals, and agricultural chemicals. Its properties make it valuable in formulations requiring both amine and alcohol functionalities.

Market Dynamics:

Driver:

Increasing demand for detergents and surfactants

The growing demand for detergents and surfactants is a significant driver for the ethanolamine market. Ethanolamines, particularly monoethanolamine (MEA), are widely used in the production of these cleaning products due to their excellent emulsifying and pH-adjusting properties. The rising global population, increasing urbanization, and improving living standards in developing countries are fueling the demand for household and industrial cleaning products. Additionally, the growing awareness of hygiene and cleanliness, especially in the wake of global health concerns, further boosts the consumption of detergents and surfactants, thereby driving the ethanolamine market growth.

Restraint:

Fluctuations in raw material prices

Ethanolamines are primarily derived from ethylene oxide and ammonia, both of which are petrochemical products. The prices of these raw materials are closely tied to crude oil prices, which are subject to significant volatility due to geopolitical factors, supply-demand dynamics, and economic conditions. These price fluctuations can impact the production costs of ethanolamines, potentially squeezing profit margins for manufacturers. The uncertainty in raw material costs can also affect long-term planning and investment decisions in the ethanolamine industry, potentially restraining market growth.

Opportunity:

Growing emphasis on sustainability

Ethanolamines can be used in the production of eco-friendly products, such as biodegradable detergents and water-based paints. They also play a role in carbon capture technologies, which are gaining importance in the fight against climate change. As governments and consumers push for more sustainable solutions, there is potential for increased demand for ethanolamines in green applications. This trend could drive innovation in bio-based ethanolamine production and open up new market segments, fostering growth and diversification in the industry.

Threat:

Competition from substitutes

The ethanolamine market faces a threat from potential substitute products. In some applications, alternative chemicals such as alkanolamines, amino acids, or inorganic bases could replace ethanolamines. In gas treatment applications, other amines like methyldiethanolamine (MDEA) might be preferred. In personal care products, natural and plant-based ingredients are gaining popularity as consumers seek more "natural" options. The development of new materials or processes that could reduce or eliminate the need for ethanolamines in certain applications poses a long-term threat to market growth.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the ethanolamine market due to supply chain issues and reduced industrial activity. However, it also increased demand for cleaning and disinfection products, boosting ethanolamine consumption in these applications. The pandemic highlighted the importance of hygiene, potentially driving long-term growth in cleaning product demand. Recovery in industrial sectors post-pandemic is expected to further support market growth.

The monoethanolamine (MEA) segment is expected to be the largest during the forecast period

The monoethanolamine (MEA) segment is estimated to dominatethe ethanolamine market due to its versatile applications across various industries. It is widely used in the production of detergents, personal care products, and gas treatment processes. MEA's excellent properties as a surfactant, pH adjuster, and corrosion inhibitor make it indispensable in many formulations. The growing demand for household and industrial cleaning products, coupled with the expansion of the personal care industry, particularly in emerging economies, drives the MEA segment's growth. Additionally, MEA's role in carbon capture technologies aligns with the increasing focus on environmental sustainability, further boosting its market share.

The detergents segment is expected to have the highest CAGR during the forecast period

The detergents segment is poised for the highest growth in the ethanolamine market. Increasing urbanization, rising disposable incomes, and growing awareness of hygiene are driving the demand for cleaning products globally. Ethanolamines, particularly MEA, are crucial ingredients in many detergent formulations, providing excellent cleaning performance and stability. The trend towards concentrated and eco-friendly detergents is also favorable for ethanolamine usage, as these products often require more sophisticated formulations. Additionally, the COVID-19 pandemic has heightened focus on cleanliness, potentially leading to long-term changes in consumer behavior that favor increased detergent consumption.

Region with largest share:

Asia Pacific's dominance in the ethanolamine market is driven by several factors. The region's rapid industrialization, particularly in countries like China and India, fuels demand across various end-use industries such as personal care, textiles, and construction. The growing population and rising living standards contribute to increased consumption of household and personal care products containing ethanolamines. Additionally, the region's robust manufacturing sector, especially in chemicals and pharmaceuticals, further boosts ethanolamine demand. The presence of key market players and ongoing capacity expansions in the region also contribute to its market leadership.

Region with highest CAGR:

Asia Pacific is expected to maintain the highest growth rate in the ethanolamine market due to its dynamic economic landscape. The region's fast-growing economies are driving rapid urbanization and industrial development, creating sustained demand for ethanolamine-based products. The expanding middle class in countries like China, India, and Southeast Asian nations is fueling consumption of personal care and household cleaning products. Additionally, government initiatives promoting industrial growth and infrastructure development are boosting demand in sectors like construction and textiles. The region's focus on developing sustainable technologies also presents opportunities for ethanolamine in applications such as carbon capture, further accelerating market growth.

Key players in the market

Some of the key players in Ethanolamine market include BASF SE, Dow Chemical Company, Nouryon, SABIC, Indorama Ventures Limited, INEOS Oxide Ltd., Huntsman Corporation, Akzo Nobel N.V., Nippon Shokubai Co., Ltd., Mitsui Chemicals, Inc., KPX Green, Arak Petrochemical Company, Oriental Union Chemical Corporation (OUCC), Yinyan Specialty Chemicals, Jiahua Chemicals Inc., Xian Lin Chemical, Maoming Petro-Chemical Shihua, and LyondellBasell Industries Holdings B.V.

Key Developments:

In January 2024, Indorama Ventures has successfully resumed the production of ethylene oxide and ethylene glycol at its Clear Lake facility in Texas. This resumption follows a planned outage that occurred amid extremely cold weather conditions in the Gulf Coast region earlier in the month, and the company officially confirmed the restart of production over the weekend. The Texas plant boasts an annual capacity of 355,000 tons of ethylene glycol, constituting nearly 6% of the total capacity in the United States, and 450,000 tons of ethylene oxide, representing almost 7% of the country's overall capacity.

In April 2022, an expansion of the Nanjing, China, petrochemical joint venture between BASF and Sinopec will bring the site's capacity for ethanolamine production to 55,000 metric tons per year, according to a statement this week by the local government. The joint venture, named BASF-YPC Co. after Sinopec's Yangzi Petrochemical Co., opened in 2005 and has gone through a number of expansions. Last August the companies agreed to proceed with a large project that would increase output of ethanolamines, along purified ethylene oxide, ethyleneamines, propionic acid and propionic aldehyde, while also introducing a plant to make tert-butyl acrylate.

Product Types Covered:

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

Applications Covered:

• Gas Treating
• Detergents
• Surfactants
• Herbicides
• Emulsifiers
• Pharmaceuticals
• Other Applications

End Users Covered:

• Oil and Gas
• Chemical
• Cosmetics and Personal Care
• Construction
• Agriculture
• Textile
• Metallurgy and Metalworking
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Ethanolamine Market, By Product Type

• 5.1 Introduction
• 5.2 Monoethanolamine (MEA)
• 5.3 Diethanolamine (DEA)
• 5.4 Triethanolamine (TEA)

6 Global Ethanolamine Market, By Application

• 6.1 Introduction
• 6.2 Gas Treating
• 6.3 Detergents
• 6.4 Surfactants
• 6.5 Herbicides
• 6.6 Emulsifiers
• 6.7 Pharmaceuticals
• 6.8 Other Applications

7 Global Ethanolamine Market, By End User

• 7.1 Introduction
• 7.2 Oil and Gas
• 7.3 Chemical
• 7.4 Cosmetics and Personal Care
• 7.5 Construction
• 7.6 Agriculture
• 7.7 Textile
• 7.8 Metallurgy and Metalworking
• 7.9 Other End Users

8 Global Ethanolamine Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 Dow Chemical Company
• 10.3 Nouryon
• 10.4 SABIC
• 10.5 Indorama Ventures Limited
• 10.6 INEOS Oxide Ltd.
• 10.7 Huntsman Corporation
• 10.8 Akzo Nobel N.V.
• 10.9 Nippon Shokubai Co., Ltd.
• 10.10 Mitsui Chemicals, Inc.
• 10.11 KPX Green
• 10.12 Arak Petrochemical Company
• 10.13 Oriental Union Chemical Corporation (OUCC)
• 10.14 Yinyan Specialty Chemicals
• 10.15 Jiahua Chemicals Inc.
• 10.16 Xian Lin Chemical
• 10.17 Maoming Petro-Chemical Shihua
• 10.18 LyondellBasell Industries Holdings B.V.