Introduction:

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.

Ethanolamine, often known as 2-Aminoethanol, is an organic bifunctional substance. Its formulation has one alcohol group and one amine group. Industrial production of this molecule is achieved by the chemical reaction of ammonia and ethylene oxide.

Ethanolamine is divided into its three primary categories. Three types of ethanol: mono, di, and tri ethanolamine. Cleaners, emulsifying agents, varnishes, polishes, analgesics, protective coatings, and chemical intermediates are all made with ethanolamine. It is also utilized as a precursor to make mono- and di-ethanolamine, a chelating agent, and ethylenediamine tetraacetic acid (EDTA). As surfactants, ethanolamine is widely used in conditioners, cosmetics, shampoos, and laundry detergents. Herbicides and agrochemicals are two other products made with diethanolamine. Most often, triethanolamine is found in gas treatment, detergents, and personal hygiene products.

One of the main reasons propelling the growth of the ethanolamines market is the worldwide rapid industrialization. The product's increased use as a feedstock for the production of medicines, detergents, and polishes, together with strong demand from end-user sectors including textiles, detergents, and herbicides, are driving the market's expansion. Further driving the market are the product's broadening range of applications, including building chemicals and corrosion inhibitors for metal protection, as well as the product's strong preference across a number of sectors due to its dual roles as a weak base compound and a crucial head group for phospholipids. The ethanolamines market is also favorably impacted by increased consumer awareness, investments, research and development, and per capita disposable income.

Ethanolamines Market Key Drivers:

• Rise in industrialization

Ethanolamines are frequently employed as cement grinding aids and performance enhancers to lower the total energy consumption of the cement manufacturing process while also achieving higher cement quality. Similar to this, ethanolamines have superior tensile and compressive strengths as well as corrosion prevention, making them perfect for use in the manufacturing of steel, concrete, and protective coatings. This in turn raises the need for the ethanolamine used in the manufacturing of various building materials, which in turn causes the market to expand in the years to come.

• Surge in Agricultural activities

Agrochemicals are crucial to contemporary agriculture because they help farmers manage pests, increase growth, prevent fungal damage, and enhance soil nutrients. Agrochemicals find application in every facet of agriculture, ranging from industrial agriculture to dairy farming and subsistence planting. Agrochemicals like insecticides and herbicides also include ethanolamine. One of the main benefits of utilizing ethanolamine is that it can help make pesticides more soluble in water. Similar to this, diethanolamine is one of the main raw components needed to make glyphosate, which aids in the creation of premium herbicides.

Ethanolamines Market Restrains:

• Side effects of Ethanolamines

Long-term exposure to ethanolamines can lead to severe irritation, burn the skin and eyes, perhaps causing damage to the eyes, and irritate the throat, nose, and lungs, causing wheezing, coughing, and shortness of breath. Employers are required to limit occupational exposure to the Permissible Exposure Limit (PEL) set by the Occupational Safety and Health Administration (OSHA) of the U.S. Department of Labor at 3 parts per million (ppm) for ethanolamine. Additionally, ethanolamines can pollute water when they are introduced into aquatic ecosystems because they raise the total nitrogen count and chemical oxygen demand. Therefore, the potential for long-term usage of ethanolamines to cause environmental degradation and health hazards might limit market growth.

Ethanolamines Market is segmented based on Product Type, Application, and region.

Product Type Insights:

• Monoethanolamines (MEA):

Monoethanolamine is used as a dispersion for agricultural chemicals, in polish solutions, and in the production of surface-active hair-waving substances. Applications for mono ethanolamine include surfactants, wood treatment and textile finishing, personal care products, and corrosion.

• Diethanolamines (DEA):

Diethanolamine is frequently used in the production of cosmetics, shampoos, conditioners for hair, and laundry detergent surfactants. Additionally, it is employed in cement production and gas purification.

• Triethanolamines (TEA):

Tri ethanolamine is mostly used in detergents and gas treatment products, but it is also utilized in agrochemicals, personal care, and additives.

Among the segment mentioned above the one that dominates the most is the diethanolamines segment due to its extensive use as a raw material in the production of herbicides, also, growing need for diethanolamines, glyphosate is highly sought after by the agriculture sector, where it is utilized as a herbicide to eradicate weeds and grasses.

Application Insights:

• Surfactants:

Surface-active components known as surfactants are widely used in household, personal care, and industrial applications. Ethanolamines are used in the production of surfactants because of their ability to reduce liquid surface tension, improve surface wetting, and stabilize emulsions.

• Chemical Intermediates:

Ethanolamines are used as a feedstock to create chemical intermediates. These intermediates are then utilized in the production of several end products, such as solvents, polymers, and resins.

• Herbicides:

The main ingredient used in the creation of herbicides is ethanolamine. In agricultural settings, herbicides are commonly employed to control and eradicate unwanted weeds and vegetation.

• Gas Treatment:

Ethanolamines are used in the treatment of natural gas and biogas to extract hydrogen sulfide and carbon dioxide. The need for gas treatment is being driven by the increasing need for natural gas as a consistent and clean energy source.

• Cement:

Ethanolamine stands out as a grinding aid in the cement and construction sectors, reducing energy costs and improving cement quality. It works by lowering water tension, which produces smaller particles, a quicker setting time, and fewer dust.

• Others:

The others section discusses ethanolamine's many use, such as a corrosion inhibitor, medication, and cement grinding aid. The need for these applications is driven by a number of factors, such as the need for corrosion protection, the growth of the construction industry, and the increasing need for medicines.

Among the segments mentioned above the one that dominates the most is the surfactant segment due to the growing demand for personal care products such as detergents, shampoos, and shower gels. The need for surfactants is also rising as people become more conscious about hygiene and cleanliness.

Regional Insights:

Ethanolamines Market Regional Insights:

• North America market is estimated to witness a significantly high revenue share over the forecast period, due to the increased usage of ethanolamines in a number of end-use sectors, such as personal care, oil and gas, and agrochemicals. Additionally, the region's strong chemical industry and the presence of major ethanolamine manufacturers are expected to support market growth.
• Asia Pacific market is estimated to witness largest revenue share because of the growing middle class population and growing industrialization in these countries. The rising end-use industries in the region, including agrochemicals, pharmaceuticals, and personal care, are another important element boosting the need for ethanolamines.
• Europe market is growing significantly due to the Agrochemicals and personal care end-use industries. Market increase is projected due to the nation's growing food and beverage industry. Ethanolamines are commonly used in food and beverage processing to neutralize acids, maintain pH balance, and serve as cleaning agents.
• Latin America market is in its development stages due to rising infrastructure and construction sector and the need of ethanolamines in the cement and building industry.
• Middle East & Africa market is emerging due to the Construction and personal care sectors and ethanolamines being the key ingredient of both, these two sectors are boosting the market’s growth in this region.  

Report Scope:

Attribute	Details
Market Size 2024	US$ 2.4 billion
Projected Market Size 2034	US$ 3.9 billion
CAGR Growth Rate	5.6%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Product Type - Monoethanolamines (MEA), Diethanolamines (DEA), and Triethanolamines (TEA). By Application - Surfactants, Chemical Intermediates, Herbicides, Gas Treatment, Cement, and Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Ethanolamines Market report based on Product Type, Application and region:

Ethanolamines Market, By Product Type:

• Monoethanolamines (MEA)
• Diethanolamines (DEA)
• Triethanolamines (TEA)

Ethanolamines Market, By Application:

• Surfactants
• Chemical Intermediates
• Herbicides
• Gas Treatment
• Cement
• Others

Ethanolamines Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Ethanolamines Market includes, The 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, and Thai Ethanolamines Co. Ltd.

Recent Development:

• In February 2022, The Petrochina Jilin Petrochemical Company underwent reorganization and upgradation. A crucial component of CNPC's attempts to achieve its objectives and promote rapid expansion in its refinery and petrochemical businesses is the Jilin project. As CNPC's first chemical project entirely driven by green energy, it makes use of state-of-the-art energy- and environment-saving technologies for green supply chain management. Nine current facilities included are, closed and renovated, in addition to 21 new ones that must be constructed, including an ethylene factory. The project will support Northeast China's revitalization, the growth of the regional petrochemical industrial chain, and CNPC's petrochemical and refinery activities.

• The Dow Chemical Company*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• 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.

“*” marked represents similar segmentation in other categories in the respective section

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Product Type
  • Market Snippet, By Application
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Ethanolamines Market, By Product Type, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Monoethanolamines (MEA
• Overview
• Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Diethanolamines (DEA)
• Overview
• Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Triethanolamines (TEA)
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Ethanolamines Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Surfactants, Chemical Intermediates
• Overview
• Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Herbicides
• Overview
• Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Gas Treatment
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Cement
• Overview
• Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Ethanolamines Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• GCC
• Israel
• South Africa
• Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• The Dow Chemical Company
• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• LyondellBasell Industries N.V
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  •  
• Sintez OKA LLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• INEOS Group Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • Company Overview
• SABIC
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• BASF-YPC Company Limited
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• China Petroleum & Chemical Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Eli Lilly and Company  
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Jiaxing Jinyan Chemical Co. Ltd
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Huntsman Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact