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Ethanolamines Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2032

Ethanolamines Market Overview

 
Ethanolamines is a colorless, organic chemical compounds that includes monoethanolamine, diethanolamine, and triethanolamine. It is manufactured by the synthesis reaction of an amine with ethylene oxide (EO). Ethanolamines are used in variety of end use industries, including personal care, pharmaceuticals, agriculture, construction, etc. The global ethanolamines market is expected to continue to grow in the coming years owing to increasing demand for various applications.

In terms of ethanolamines demand by type, Triethanolamine (TEA) dominates the market on the back of increasing demand for TEA from the personal care industry, as TEA provides more benefits as compared to Monoethanolamine (MEA) and Diethanolamine (DEA). TEA helps in stabilizing the emulsion which will make the product last longer, and help thicken the formula. It is used in the manufacture of cleansers, lotions, sunscreens, shaving gels, creams, etc. All these factors are helping to boost the ethanolamines demand in the forecast period.

Global Ethanolamines Demand-Supply Analysis - 2016-2032 (thousand Tons)


Global Ethanolamines Demand Supply Analysis - 2016-2032 (Kilo Tons)

Key Ethanolamine Producers

BASF and DOW are the largest ethanolamine producer in world together accounting for more than 25% of the global installed capacity. In terms of ethanolamines capacity, Northeast Asia is the largest producer with an installed capacity of more than 900 thousand tons followed by North America and Western Europe. Dow is the leading ethanolamine producer in North America accounting for more than almost 45% of the regional capacity followed by Indorama and INEOS at 23% each. 
 
As of 2021, Northeast Asia, North America, and Western Europe are the major producers and consumers of Ethanolamines together accounting for more than 65% of the global demand. Asia Pacific dominates the ethanolamines market, with majority of demand coming from China followed by North America and Western Europe. China is the largest market for ethanolamines on the back of the presence of strong personal care and agricultural industries.
 

Global Ethanolamines Capacity, By Company - 2023(thousand Tons)

ethanolamine capacity by company
In terms of ethanolamines demand by type, Triethanolamine (TEA) stands out as the market leader due to the rising demand for TEA in the personal care industry. TEA offers several advantages when compared to Monoethanolamine (MEA) and Diethanolamine (DEA). For instance, TEA helps stabilize emulsions and lengthen the product's lifespan, thickens formulas, and is utilized in the production of various personal care products such as cleansers, lotions, sunscreens, shaving gels, creams, and more. All these factors collectively contribute to the growth of ethanolamines demand in the forecast period.
 
In terms of demand by application, the surfactants segment holds the largest share in the ethanolamines market owing to the increasing awareness of personal grooming products. Ethanolamines are widely used in the manufacture of surfactants and have properties for stabilizing formulations and emulsions, therefore they play a major part in the production of personal care products.  MEA and DEA are commonly used in cleaning products like tiles and floor cleaners, and laundry detergents. They are also used in removing dirt from engines. Ethanolamines are used in the production of herbicides and pesticides. It helps in increasing the pesticide’s ability to dissolve in water. DEA is a common raw material used in the manufacture of glyphosate which produces high quality herbicides. The increasing awareness of farmers towards the benefits of using herbicides is expected to boost the ethanolamines demand in the upcoming years.  
 
Asia-Pacific is the fastest-growing consumer of ethanolamines, accounting for over 50% of the global demand. It is forecast to register a growth of 4% between 2022 and 2032 to cross 1100 thousand tons by 2032. As a result of the continued shift of electronic, automotive, and other industrial production away from mature markets towards the developing countries in Asia-Pacific, the demand for ethanolamines in Asia-Pacific was estimated to be around 800 thousand tons in 2021.

Global Ethanolamines Demand Analysis, By Type - 2023(thousand Tons)


Global Ethanolamines Demand Analysis, By Type - 201(Kilo Tons)

The rise in demand for personal care and cosmetics products will further drive the Ethanolamine market. 

 
Ethanolamines, particularly triethanolamine (TEA), are commonly used in the formulation of cosmetics and personal care products, such as moisturizing creams and lotions, lipsticks, bar soaps, shampoos, and perfumes due to their pH-adjusting and emulsifying properties. The global cosmetics and personal care industry has experienced exponential growth in recent years, driven by factors such as growing awareness, increasing urbanization, and rising disposable income. The COVID-19 pandemic has further accelerated the growth of the personal care industry. Due to the pandemic, there has been a heightened emphasis on the importance of personal hygiene and cleanliness, with people becoming more conscious of the need to maintain good personal hygiene.
 
This has led to a higher demand for cosmetics and personal care products, including those that contain ethanolamines, as consumers seek to maintain good hygiene practices. Moreover, the increasing global population and disposable income are expected to further drive the demand for ethanolamines in cosmetics and personal care products. Consumers around the world are becoming more aware of the importance of using environmentally friendly and sustainable products, which is also expected to drive the demand for bio-based ethanolamines in the cosmetics and personal care industry. 
 

In terms of demand by application, the surfactants segment holds the largest share in the ethanolamines market owing to the increasing awareness of personal grooming products. Ethanolamines are widely used in the manufacture of surfactants and have properties for stabilizing formulations and emulsions, therefore they play a major part in the production of personal care products.  MEA and DEA are commonly used in cleaning products like tiles and floor cleaners, and laundry detergents. They are also used in removing dirt from engines.

Asia Pacific dominates the ethanolamines market, with majority of demand coming from China followed by North America and Western Europe. China is the largest market for ethanolamines because of the presence of strong personal care and agricultural industries.

Rise in demand from the personal care industry

The Personal Care industry is no more limited to females, as the male population have also started to accept and use grooming practices to look handsome and stylish. Beauty products are no longer restricted to being used on special occasions, as people need to keep and maintain glowing skin.

Ethanolamines are commonly used in cosmetics and personal care products such as moisturizing creams and lotions, lipsticks, bar soaps, shampoos, and perfumes since they give integral fresh odor along with providing properties for stabilizing formulations and emulsions. They help remove oil and dirt on the skin by dissolving the grease and blending the other important ingredients together. MEA helps in adjusting the pH of a product to keep it from degrading when stored in a container so it will last longer. Hence, the increasing awareness of cosmetics and personal care products will boost the ethanolamines demand in the forecast period.

Increase in the demand for pesticides

Ethanolamines are used in the manufacture of herbicides and pesticides. It helps in increasing the pesticide’s ability to dissolve in water. DEA is a common raw material used in the manufacture of glyphosate which produces high quality herbicides. The increasing awareness of farmers towards the benefits of using herbicides is expected to boost the ethanolamines demand in the upcoming years.

Scope of Report 
The Ethanolamines report describes the global Ethanolamines market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and Applications
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Ethanolamines Market data in terms of volume and value for each end-use at regional and country level
•  Ethanolamines Market analysis for capacity and demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Types 
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Agriculture
      • Personal Care
      • Chemical
      • Pharmaceuticals
      • Others 
5.  Introduction to Ethanolamines and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Ethanolamines Demand Analysis, By Types, By Applications (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Ethanolamines Market, By Types
          - Monoethanolamine (MEA)
          - Triethanolamine (TEA)
          - Diethanolamine (DEA)
      •  Global Ethanolamines Market, By Applications
          - Cement grinding
          - Ethyleneamines
          - Gas purification/treatment
          - Herbicides
          - Metalworking fluids
          - Surfactants
          - Wood preservatives
          - Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Ethanolamines Market, By Types
      •  Ethanolamines Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by types and applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Argentina
         -  Rest of Central & South America
      •  Middle East & Africa
         -  GCC
         -  South Africa
         -  Iran
         -  Rest of Middle East & Africa
Note: CAGR will be calculated for all the types and applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Ethanolamines Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies Adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - BASF SE
             - Nouryon
             - INEOS Oxide
             - Sasol
             - Amines & Plasticizers Limited
             - Mitsui Chemicals
             - Sintez OKA Group
             - Green chemical Co., Ltd.
             - Nippon Shokubai
             - Saudi Kayan
             - Huntsman Corporation
             - Dow Chemical
             - Thai Ethanolamines Co., Ltd
             - China Petroleum & Chemical Corporation
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 
The Ethanolamines report describes the global Ethanolamines market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and Applications
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Ethanolamines Market data in terms of volume and value for each end-use at regional and country level
•  Ethanolamines Market analysis for capacity and demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

How big is the ethanolamine market?
the ethanolamines market to grow at the rate of 4% between 2024 and 2032 to cross 1100 thousand tons by 2032 and Asia-Pacific is accounting for over 50%.