Asia-Pacific Ethyleneamines Market - Forecast(2023 - 2028)

Report Code: CMR 1515 Report Format: PDF + Excel

Asia-Pacific Ethyleneamines Market Overview

Asia-Pacific Ethyleneamines market size is forecasted to grow at a CAGR of 5.8% during the forecast period 2022-2027. Organic substances known as ethyleneamines have ethylene linkages between amine groups. Ethyleneamines are created when ethylene dichloride (EDC) reacts with ammonia (NH3) and is then neutralized with sodium hydroxide (NaOH). Because of the special way that they combine reactivity, surface activity and basicity, they have a wide range of applications. Due to their wide range of properties, ethyleneamines, including ethylenediamine, diethylenetriamine, triethylenetetramine and others, are frequently used in surfactants, chelating agents, lube oil additives, epoxy curing agents and polyamide resins, which is assisting the growth of the Asia-Pacific ethyleneamines market. Furthermore, the high demand for laundry and detergent products, which has been sparked by rising consumer awareness of cleanliness and hygiene, is anticipated to fuel the growth of the Asia-Pacific ethyleneamines market size over the coming years. Several Asia-Pacific end-use industries for ethyleneamines suffered negative effects as a result of the novel coronavirus pandemic. The production halt owing to enforced lockdown in Asia-Pacific resulted in decreased supply, demand and consumption of ethyleneamines in Asia-Pacific, which had a direct impact on the Asia-Pacific Ethyleneamines market size.

Asia-Pacific Ethyleneamines Market Report Coverage

The “Asia-Pacific Ethyleneamines Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Asia-Pacific Ethyleneamines industry.

By Type: Ethylenediamine (EDA), Diethylenetriamine (DETA), Triethylenetetramine (TETA), Tetraethylenepentamine (TEPA), Heavy Polyamide (HPA), Piperazine (PIP) and Others.
By Application: Fuel Additives, Corrosion Inhibitors, Polyamide Resins, Epoxy Curing Agents, Surfactants, Chelating Agents, Lube Oil Additives, Bleach Activators, Ion Exchange Resins, Fungicides, Rubber Chemicals and Others.
By End-Use Industry: Personal Care & Cosmetics, Pulp & Paper, Aerospace & Defense (Commercial, Military and Others), Adhesives, Paints and Coatings, Agriculture, Automotive (Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV) and Others), Pharmaceutical & Healthcare, Oil & Gas (On-shore and Off-shore), Energy Generation, Water Treatment and Others.
By Country: China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC.

Key Takeaways

  • China dominates the Asia-Pacific Ethyleneamines market, owing to the increasing production and demand for automobiles in China. For instance, according to the International Trade Administration (ITA), China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025.
  • The Asia-Pacific ethyleneamines market is expected to expand significantly due to the region's booming textile sector. The unique properties of aminoethyl ethanolamine and its use as an intermediate in the manufacture of chelates, detergents and fabric softeners are expected to drive the growth of the Asia-Pacific ethyleneamines market size.
  • Ethyleneamines are widely used in the drilling process for oil extraction at oil fields in the Asia-Pacific region, which is expected to propel the growth of ethyleneamines industry during the forecast period.

Figure: Asia-Pacific Ethyleneamines Market Revenue, 2021-2027 (US$ Million)

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Asia-Pacific Ethyleneamines Market Segment Analysis – by Type

The ethylenediamine (EDA) segment held the largest share in the Asia-Pacific Ethyleneamines market share in 2021 and is forecasted to grow at a CAGR of 5.9% during the forecast period 2022-2027. It is an odorless liquid with a color similar to ammonia. It is the family's first polyethylene amine member. When ethanolamine and ammonia are combined with a nickel catalyst, ethylenediamine is created. A crucial raw material in the creation of the fungicide mancozeb, which aids in protecting a variety of crops from a variety of fungal diseases, is ethylenediamine. Additionally, it is employed in the production of imidacloprid, the most widely used insecticide worldwide. Chelating agents, corrosion inhibitors, ethylene urea resins, ion exchange resins, lubricants for thermoplastic resin, oil additives, polyamide resins, soil reforming agents, elastomeric fibers, rubber chemicals, surface-active agents and fungicides are a few other uses for ethylenediamine. A crucial component of the pharmaceutical industry is ethylenediamine. It is used in the production of the widely used bronchodilator aminophylline, which is used to treat chronic lung diseases like asthma. As a result, the demand for ethylenediamine is anticipated to rise significantly over the forecast period due to the growing demand from numerous applications.

Asia-Pacific Ethyleneamines Market Segment Analysis – by End-Use Industry

The adhesives, paints and coatings segment held a significant share in the Asia-Pacific Ethyleneamines market share in 2021 and is forecasted to grow at a CAGR of 6.1% during the forecast period 2022-2027, owing to the increasing demand for ethyleneamines from the adhesives, paints & coatings for manufacturing of epoxy resins. Ethyleneamines are used to produce epoxy resins that play a vital role in the coatings and adhesives industries. In the coatings area, it prevents corrosion of the marine and steel frameworks. In the adhesive area, it can adhere to metal, wood, glass, plastic and more. These resins are also found in the composite material area which is one of the most important engineering resins for cars, aircraft and wind turbine blades. The epoxy resin gets its desired performance after being cured. In this important step, ethylene amines are used. A "hardener", either using ethylene amines directly or indirectly, as a curing aid of the epoxy resin. Thus, the extensive demand for ethyleneamines to manufacture epoxy resins is anticipated to propel the Asia-Pacific ethyleneamines industry during the forecast period.

Asia-Pacific Ethyleneamines Market Segment Analysis – by Geography

China held the largest share in the Asia-Pacific Ethyleneamines market share in 2021 up to 48% and is forecasted to grow at a CAGR of 6.2% during the forecast period 2022-2027, owing to the bolstering growth of the building and construction sector in China. The Chinese building and construction industry is growing, for instance, according to the International Trade Administration (ITA), the largest construction market in the world, China, is anticipated to grow at an average annual rate of 8.6 percent between 2022 and 2030. China has one of the highest rates of urbanization worldwide. According to data from the American Institute of Architects (AIA) Shanghai, China will have built the equivalent of 10 cities the size of New York since the 1990s by 2025. Additionally, China unveiled a development plan for its construction industry in January 2022 for the 14th Five-Year Plan period (2021–2025) to move the foundational sector of the nation's economy toward a greener, more intelligent and safer course. The Ministry of Housing and Urban-Rural Development's report predicts that the sector will continue to account for 6% of the nation's GDP by 2025. With the bolstering growth of the building and construction sector in China, the demand for polyamide resins, epoxy curing agents and more is on an upsurge in China. As a result, over the forecast period, the growth of the Chinese ethyleneamines industry is being directly supported by the bolstering growth of the building and construction sector in China.

Asia-Pacific Ethyleneamines Market Drivers

Increasing Automobile Production:

The majority of Ethyleneamine applications are in the automotive industry as an additive in fuels and lubricants for ash-less emissions. Triethylenetetramine is primarily added to lubricants to stop the buildup of sludge and deliquesce deposits in internal combustion engines. The automotive industry is growing in Asia-Pacific countries, for illustration, according to India Brand Equity Foundation (IBEF), the Indian automotive industry is expected to reach Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. According to the International Trade Administration (ITA), China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total automotive vehicle production in China rose by 3%, a 30% increase in India, 8% growth in Taiwan and 63% growth in Indonesia for the year 2021 compared to the previous year. With the increasing automobile production, the demand for ethyleneamines is also increasing in the region, thereby acting as a driver for the ethyleneamines market during the forecast period.

Growing Production of Crop Within the Same Area of Arable Land:

Due to the use of ethyleneamines in the production of several crop protection products, the steady growth of the agrochemicals industry is anticipated to strongly support the growth of the Asia-Pacific Ethyleneamines industry. Because it can treat a wide range of fungal diseases, ethylenediamine (EDA), one of the main types of ethyleneamines, is a crucial raw material in the production of mancozeb, an efficient fungicide used on many different types of crops. The most widely used insecticide in the world, imidacloprid, is also produced using it. Mancozeb and imidacloprid are two pesticides that are frequently used in crop production because they are crucial in supplying crops with the nutrients they need to grow and produce more crops. Global crop production is increasing as world population growth continues. The total production of primary crops increased by 53 percent between 2000 and 2019, reaching a record high of 9.4 billion tonnes in 2019, according to the Food and Agriculture Organization's (FAO) Statistical Yearbook of 2021. In comparison to 2000, this is an increase of 3.2 billion tonnes. Agricultural production has increased in recent years, but more so because of higher yields per unit area than from the addition of new farmland. By 2030, it is advised that to meet the demand for grain and feed the growing population on the available arable land, annual crop production and yield should increase within the same area of arable land. To increase crop yield on the same amount of arable land and give crops the right nutrients, the demand for pesticides like mancozeb and imidacloprid will increase significantly. This demand will undoubtedly fuel the growth of the ethyleneamines market during the forecast period.

Asia-Pacific Ethyleneamines Market Challenges

Health Risks Associated with Ethyleneamines:

Humans with acute inhalation exposure to ethyleneamines experience severe inflammation and irritation of the respiratory tract. Humans who have experienced acute inhalation exposure may experience eye tearing and burning, sore throats, nasal secretions, bronchitis, shortness of breath and lung edema. Ethyleneamines is a powerful blistering agent that can burn the skin to the third degree. Additionally, it is corrosive to eye tissue and can leave conjunctival scarring and permanent corneal opacity. Ethyleneamines may also contain solvents, which increase the risk of fire and explosion. Drums containing ethyleneamines may leak during a fire and greatly increase the fire's intensity. As a result, it is anticipated that the toxicity risks associated with ethyleneamines will restrain the market's expansion in the Asia-Pacific region.

Asia-Pacific Ethyleneamines Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Asia-Pacific Ethyleneamines market. The top 10 companies in the Asia-Pacific Ethyleneamines market are:

  1. Akzo Nobel N.V.
  2. Aminat
  3. BASF SE
  4. Delamine B.V.
  5. Diamines and Chemicals Limited
  6. DowDuPont Inc.
  7. Huntsman International LLC
  8. Tosoh Corporation
  9. LANXESS
  10. Parsol Chemicals Pvt. Ltd.

Recent Developments

  • In April 2022, to increase the production of propionic acid, propionic aldehyde, ethyleneamines, ethanolamines, purified ethylene oxide and tert-butyl acrylate, BASF and SINOPEC broke ground for the expansion of their Verbund site in Nanjing, which is run by BASF-YPC Co., Ltd., a 50-50 joint venture of both companies. In 2023, the upgraded and new plants are anticipated to start operating.
  • In September 2021, KPX Chemical, a major producer of polyols for polyurethanes in Korea and Huntsman Corporation, a major producer of ethyleneamines across the board, announced the establishment of a joint venture known as KPX HUNTSMAN POLYURETHANES AUTOMOTIVE CO., LTD (KHPUA). The joint venture will use KPX Chemical's Ulsan plant for specialty polyurethane manufacturing to produce cutting-edge polyurethane system solutions for Korean automakers.
  • In October 2021, to meet the rising demand for polymers used in the packaging, paints and coatings and construction end-markets in Asia, Nouryon began production at a new manufacturing facility at its location in Ningbo, China. Six manufacturing facilities that make chelating agents, organic peroxides, ethylene amines, cellulose ethers and surfactants are located at Nouryon's Ningbo site.

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1. Asia-Pacific Ethyleneamines Market - Market Overview
    1.1 Definitions and Scope
2. Asia-Pacific Ethyleneamines Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Country
3. Asia-Pacific Ethyleneamines Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Asia-Pacific Ethyleneamines Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Asia-Pacific Ethyleneamines Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Asia-Pacific Ethyleneamines Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Asia-Pacific Ethyleneamines Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Asia-Pacific Ethyleneamines Market - By Type (Market Size - US$ Million/Billion)
    8.1 Ethylenediamine (EDA)
    8.2 Diethylenetriamine (DETA)
    8.3 Triethylenetetramine (TETA)
    8.4 Tetraethylenepentamine (TEPA)
    8.5 Heavy Polyamide (HPA)
    8.6 Piperazine (PIP)
    8.7 Others
9. Asia-Pacific Ethyleneamines Market - By Application (Market Size - US$ Million/Billion)
    9.1 Fuel Additives
    9.2 Corrosion Inhibitors
    9.3 Polyamide Resins
    9.4 Epoxy Curing Agents
    9.5 Surfactants
    9.6 Chelating Agents
    9.7 Lube Oil Additives
    9.8 Bleach Activators
    9.9 Ion Exchange Resins
    9.10 Fungicides
    9.11 Rubber Chemicals
    9.12 Others
10. Asia-Pacific Ethyleneamines Market - By End-Use Industry (Market Size - US$ Million/Billion)
    10.1 Personal Care & Cosmetics
    10.2 Pulp & Paper
    10.3 Aerospace & Defense
        10.3.1 Commercial
        10.3.2 Military
        10.3.3 Others
    10.4 Adhesives, Paints and Coatings
    10.5 Agriculture
    10.6 Automotive
        10.6.1 Passenger Vehicles
        10.6.2 Light Commercial Vehicles (LCV)
        10.6.3 Heavy Commercial Vehicles (HCV)
        10.6.4 Others
    10.7 Pharmaceutical & Healthcare
    10.8 Oil & Gas
        10.8.1 On-shore
        10.8.2 Off-shore
        10.9 Energy Generation
        10.10 Water Treatment
        10.11 Others
11. Asia-Pacific Ethyleneamines Market - By Country (Market Size - US$ Million/Billion)
    11.1 China
    11.2 Japan
    11.3 India
    11.4 South Korea
    11.5 Australia and New Zealand
    11.6 Indonesia
    11.7 Taiwan
    11.8 Malaysia
    11.9 Rest of APAC
12. Asia-Pacific Ethyleneamines Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Asia-Pacific Ethyleneamines Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share by Key Country - Major companies
    13.3 Market Share by Key Application - Major companies
    13.4 Market Share by Key Product Type/Product category - Major companies
14. Asia-Pacific Ethyleneamines Market – Key Company List by Country Premium Premium
15. Asia-Pacific Ethyleneamines Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"Financials would be provided to private companies on best-efforts basis."