Ethanol Amines Market - Forecast(2023 - 2028)

Report Code: CMR 56420 Report Format: PDF + Excel

Ethanol Amines Market Overview

Ethanol Amines market size is forecast to reach US$4.5 billion by 2027, after growing at a CAGR of 4.1% during 2022-2027. Ethanol Amines are organic compounds produced by the reaction between ethylene oxide and ammonia and they are composed of amino acids. Ethanolamine is referred to as a class of antihistamines including dimenhydrinate, carbinoxamine, doxylamine clemastine, and dimenhydrinate. Ethanolamine is the second-most-abundant head group for phospholipids, substances found in biological membranes and they are used in aqueous solutions for scrubbing acidic gases. Ethanolamine is one of the representative organic corrosion inhibitors and when ethanolamine reacts with ammonia gives ethylenediamine, which is used as chelating agent. The growing adoption of ethanolamines among different industries such as agrochemicals, metallurgy, personal care, textile, construction, and pharmaceuticals is driving the market growth during the forecast period. They are used extensively in the manufacture of detergents, gas sweetening, building, and construction additives, cutting oils, and crop protection among others. The improving standard of living along with the growing usage of cleaning products and personal care products are supporting the market growth for ethanolamines during the forecast period. According to Cosmetics Europe, the European cosmetics and personal care industry was valued at about USD 95.32 billion in 2019, with a growth rate of about 1.5% compared to the previous year.

COVID-19 Impact

The COVID-19 pandemic impacted different industries; one of the few industries that were primarily hit to some extent was the ethanolamines industry. The demand for Ethanol Amines is low during the covid-19 crises. The delay in manufacturing activities and shut down different end-use industries such as personal care, textile, and chemical, in both developed and developing nations impacted the market growth for Ethanol Amines during covid-19. However, the Ethanol Amines industry faced problems related to the supply chain, lack of workforce, and lack of raw materials supply among others.

Ethanol Amines Report Coverage

The report: “Ethanol Amines Market – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments of the Ethanol Amines industry.

By Product Type: Monoethanolamine (MEA), Diethanolamine (DEA), and Triethanolamine (TEA)
By Grade: Pharmaceutical grade, Food grade, and Industrial or technical grade
By Application: Agriculture (Herbicides, Fertilizers, and Insecticides), Personal Care (Body care, Skin Care, Haircare, and others), Industrial Lubricants, Metallurgy and Metalworking, Household and Industrial Cleaners (Detergents, Emulsifiers, Furniture Polishes, and Others), Textile, Oil and Gas, Construction, Pharmaceutical, Packaging, food & beverages, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa)

Key Takeaways

  • The Asia Pacific is expected to register the highest CAGR of 5.6% during the forecast period (2021-2026). Rapid urbanization, emerging economies, and the growing manufacturing sector are the major factors driving the market growth.
  • The triethanolamine segment is expected to hold a major market share during the forecast period 2022-2027.
  • The increasing market for personal care and the growing importance of ethanolamines among end -users are the key factors driving the Ethanol Amines market.


Figure: Asia Pacific Ethanol Amines Market Revenue, 2021-2027 (US$ Billion)

Asia Pacific Ethanol Amines Market Revenue

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Ethanol Amines Market Segment Analysis - By Type

The triethanolamine segments accounted for approximately 32% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. The growing consumption of triethanolamine type in numerous applications such as fragrances, hair care products, hair dyes, wave sets, shaving products, and sunscreens, among others are driving the market growth for ethanolamines during the forecast period. The triethanol amines are used as corrosion inhibitor and surfactants in various applications. According to Cosmetics Europe, the European cosmetics products market is valued at USD67.2 billion at a retail sales price in 2020. Hence the growth in usage of personal care products is one of the major factors driving the market for the triethanolamine segment.

Ethanol Amines Market Segment Analysis - By Application

The household and industrial cleaners segment accounted for more than 18% of the market share in 2020 and is estimated to grow significantly during the forecast period. Ethanolamines are used as a feedstock in the production of detergents, emulsifiers, polishes, corrosion inhibitors, and others. The growing population, rapid urbanization, and rising consumer awareness regarding hygiene are some of the major factors driving the market for the household and industrial cleaners segment. In January 2019, the global FMCG manufacturer Unilever acquired the Laundress Company, involved in manufacturing detergent, fabric care, and home cleaning products, to strengthen its global presence and enhance its portfolio. Thus the growing collaborations and expansion among major end-users are supporting the market growth for ethanolamines. The construction industry is also estimated to hold a significant share during the forecast period. Growing foreign investments in the construction industry are also supporting market growth. According to the data published by FDI India, Indian real estate attracted approximately US$5 billion in institutional investments in 2020, and they also mentioned that Institutional real estate investments in India increased by 21% in the first quarter (2021) to US$922 million.

Ethanol Amines Market Segment Analysis - By Geography

Asia Pacific region held a significant share in the Ethanol Amines market in 2020, up to 36%, owing to the rapid growth in agriculture, personal care, industrial cleaners, and construction in the region. The presence of developing nations such as India and China is driving the market growth in the region. Abundant raw material sources and the availability of a workforce also support the regional demand. The presence of leading personal care manufacturing companies such as LOreal SA., The Procter & Gamble., Beiersdorf AG., Avon Products Inc., Unilever PLC., and others are supporting the regional growth during the forecast period. The growing FDI in the Asia Pacific region is driving market growth. According to the 2021 World Investment Report published by UNCTAD, FDI inflows into China increased by 6% in 2020, to USD 149 billion, up from USD 141 billion in 2019. 

Ethanol Amines Market Drivers

Growing demand from cleaning products industry 

Ethanolamines are used as common ingredients in cleaning products such as floor and tile cleaners, as well as laundry detergents. Ethanolamines help to remove dirt, grease, and stains. Diethanolamines are used in industrial cleaning products, such as engine degreasers and industrial strength detergents, due to their ability to break down oil and grease. The growing population along with the growing demand for cleaning products such as detergents, tile cleaners, disinfectants, dishwashers, and others is driving the market for ethanolamines. According to the statics published by the Euro monitor International, the global laundry detergent market was valued at US$120 billion in 2019. The rapid growth in the manufacturing and chemical processing sectors in the Asia Pacific region is driving the demand for industrial cleaners which is further driving the demand for ethanolamines. According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in the manufacturing subsectors amounted to US$ 100.35 billion between April 2000 and June 2021. 

Ethanol Amines Market Challenges

Health Hazard related to Ethanol Amines

Ethanolamines cause many health-related diseases such as skin irritation, eyes irritation when body parts have direct contact with ethanolamines. They also irritate the nose, throat and cause coughing, wheezing, and shortness of breath. However, stringent regulations regarding the use of DEA in personal care products and cosmetics will hamper the market growth during the forecast period. The European Commission prohibits diethanolamine (DEA) in cosmetics, to reduce contamination from carcinogenic nitrosamines. The International Agency for Research on Cancer classifies that DEA compounds react with nitrites in cosmetics to form nitrosamines. The Danish Environmental Protection Agency also stated that cocamide DEA is hazardous to the environment because of its acute toxicity to aquatic organisms. These are some of the major challenges hampering the market growth during the forecast period.

Ethanol Amines Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Ethanol Amines market. Major players in the Ethanol Amines market include

  1. INEOS Oxide Ltd.
  2. Huntsman Corporation
  3. China Petroleum & Chemical Corporation
  4. Thai Ethanolamines Co., Ltd
  5. Sinopec Shanghai GaoQiao Petrochemical Corporation
  6. Akzo Nobel
  7. Shijiazhuang Haisen Chemical Co., Ltd
  8. Alkyl Amines Chemicals Ltd.
  9. Air Products and Chemicals Inc.
  10. Daicel Chemical Industries Ltd
  11. Celanese Corporation
  12. Other Companies

Recent Developments

In August 2021, BASF and SINOPEC announced they will further expand their Verbund site operated by BASF-YPC Co., Ltd. a 50-50 joint venture of both companies in Nanjing, China. It includes the capacity expansion of several downstream chemical plants including propionic acid, propionic aldehyde, ethyleneamines, ethanolamines, and purified ethylene oxide. They also mentioned the expanded and new plants are planned to come on stream in 2023.

Relevant Reports

Ethanol Market - Forecast(2022 - 2027)
Report Code: CMR 22472

Alkyl Amines Market - Forecast(2022 - 2027)
Report Code: CMR 0276

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1. Ethanol Amines Market- Market Overview
    1.1 Definitions and Scope 
2. Ethanol Amines Market- Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Garde
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Ethanol Amines 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. Ethanol Amines Market - Startup Companies Scenario 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. Ethanol AminesMarket – 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. Ethanol Amines 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. Ethanol Amines Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Ethanol Amines Market – By Product Type (Market Size -US$ Million/Billion)
    8.1 Monoethanolamine (MEA)
    8.2 Diethanolamine (DEA)
    8.3 Triethanolamine (TEA)
9. Ethanol Amines Market – By Grade (Market Size -US$ Million/Billion)
    9.1 Pharmaceutical Grade
    9.2 Food Grade
    9.3 Industrial or Technical Grade
10. Ethanol Amines Market – By Application (Market Size -US$ Million/Billion)
    10.1 Agriculture 
        10.1.1 Herbicides
        10.1.2 Fertilizers
        10.1.3 Insecticides
    10.2 Personal Care
        10.2.1 Body care
        10.2.2 Skin Care
        10.2.3 Haircare
        10.2.4 Others
    10.3 Industrial Lubricants
    10.4 Metallurgy and Metalworking
    10.5 Household and Industrial Cleaners 
        10.5.1 Detergents
        10.5.2 Emulsifiers
        10.5.3 Furniture Polishes
        10.5.4 Others
    10.6 Textile
    10.7 Oil and Gas
    10.8 Construction
    10.9 Pharmaceutical
    10.10 Packaging
    10.11 Food & beverages
    10.12 Others 
11. Ethanol Amines Market - By Geography (Market Size -US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Ethanol Amines Market– Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Ethanol Amines Market – Industry/Segment Competition Landscape Premium 
    13.1 Company Benchmarking – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Ethanol Amines Market – Key Company List by Country Premium Premium 
15. Ethanol Amines 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 on a best efforts basis for private companies"