Ethanolamines Market is estimated to be US$ 3.9 billion by 2034 with a CAGR of 5.6% during the forecast period

Published Date: March 2024

Ethanolamine, also known as 2-aminoethanol or monoethanolamine, is an organic chemical molecule that is both a primary amine and a primary alcohol (organic substances with a basic nitrogen atom with a lone pair) (alcohol having hydroxyl group connected to carbon atom). Ethanolamine is a caustic, colourless, flammable, viscous, and poisonous liquid that is used in scrub acids, detergents, emulsification agents, varnishes & polishes, and other chemical intermediaries.Ethanolamines Market was valued at US$ 2.4 billion in 2024 and is projected to grow at a CAGR of 5.6% to reach US$ 3.9 billion by 2034.

The report "Ethanolamines Market By Product Type (Monoethanolamines (MEA), Diethanolamines (DEA), and Triethanolamines (TEA)), By Application (Surfactants, Chemical Intermediates, Herbicides, Gas Treatment, Cement, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034’’

Key Highlights:

  • In July 2021, Ayursetu launches XQUISIT, a range of herbal hair care products, which is available in three key variants-Argan & Keratin, Biotin & Collagen, and Mango Seed Buttermilk-will be completely free of Sulphates, parabens, silicones, phenates, ethanolamine, and synthetic colours, will be the first to launch.

Analyst View:

The ethanolamines market is being driven by rising demand from end-user sectors such as herbicides, detergents, and personal care products. Furthermore, rising demand from emerging markets such as India and China, together with the development of new applications in the fields of wood preservation, building chemicals, and corrosion inhibitors for metal protection, is predicted to boost global demand for ethanolamine. However, price volatility associated with raw materials used in the production of ethanolamine is likely to hinders the market of ethanolamines.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Ethanolamines Market By Product Type (Monoethanolamines (MEA), Diethanolamines (DEA), and Triethanolamines (TEA)), By Application (Surfactants, Chemical Intermediates, Herbicides, Gas Treatment, Cement, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Ethanolamines Market was valued at US$ 2.4 billion in 2024 and is projected to grow at a CAGR of 5.6% to reach US$ 3.9 billion by 2034.The ethanolamines market has been segmented on the basis of product type, application, and region.

  • Based on Product Type, Ethanolamines Market is segmented into Monoethanolamines (MEA), Diethanolamines (DEA), and Triethanolamines (TEA).
  • Based on Application, Ethanolamines Market is segmented into Surfactants, Chemical Intermediates, Herbicides, Gas Treatment, Cement, and Others.  
  • By Region, the Ethanolamines Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Ethanolamines Market:

The key players operating in the ethanolamines market includeThe Dow Chemical Company, LyondellBasell Industries N.V., Sintez OKA LLC, INEOS Group Ltd., SABIC, BASF-YPC Company Limited, China Petroleum & Chemical Corporation, Jiaxing Jinyan Chemical Co. Ltd., Huntsman Corporation, Thai Ethanolamines Co. Ltd., and Akzo Nobel N.V.

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