Ethyleneamines Market to hit US$ 3 bn by 2024

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Global Ethyleneamines Market to hit US 3 bn by
2024 Global Market Insights Inc.
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Industry Overview

• Ethyleneamines Market to surpass USD 3 billion by
  2024 driven by growing medical equipment market
  in the region owing to extensive presence of
  hospitals and public health institutions in North
  America. Ethyleneamines are instable molecules
  which have ability to alter properties of a wide
  range of chemical products. They can make them
  firmer, softer or more flexible, make them stick
  better or stop them from clotting. Growing
  investment in RD and technological advancement
  by manufacturers will drive ethyleneamines market
  size.
• Rising demand for ethyleneamines in different
  application segments including coating, textile,
  surfactants, lube and fuel additives, and asphalt
  additives will drive industry growth.
  Manufacturers are involved in strategic expansion
  through partnerships and mergers acquisitions
  to increase their market share, profitability,
  product portfolio, production capacity, and
  geographical presence which is positively
  favoring product demand.
• France diethylenetriamine industry size is
  estimated to surpass USD 20 million by 2024.
  Rising awareness of probable side-effects owing
  to numerous artificial substances utilized in
  personal care and cosmetic products will upsurge
  consumer inclination to accept organic and
  natural products which would boost ethyleneamines
  market growth.

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• Production of ethyleneamines is highly reliant on
  raw materials including ethylene dichloride and
  ammonia. Sourcing of raw materials, risk of
  procurement, and transportation owing to
  stringent government regulations possibly may
  hamper industry profitability, thereby affecting
  ethyleneamines market price trend.
• Diethylenetriamine industry size from polyamide
  resin application may exceed to USD 40 million up
  to 2024. They are widely used as binders in
  printing inks for flex gravure application on
  certain substrates including metal, leather, and
  plastic. The product is also utilized in
  manufacturing abrasion-resistant, glossy and
  over-print varnishes, thus driving ethyleneamines
  industry growth.
• U.S. triethylenetetramine industry size from
  corrosion inhibitors application is estimated to
  surpass USD 13 million by 2024. The reaction of
  triethylenetetramine and diethylenetriamine with
  fatty acids produce substituted imidazolines and
  amidoamines, which are utilized as corrosion
  inhibitors in petroleum production operations
  which may positive impact on industry growth.
• Ethyleneamines industry size from ethylenediamine
  is expected to witness strong gains up to 4 in
  the projected timeframe owing to wide utilization
  in various industries including detergents,
  textile, and agriculture.

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U.S. Ethylenediamines Market Size, By
Application, 2017 2024, (Kilo Tons)

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Industry Coverage

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• Diethylenetriamine market size from personal care
  application may witness strong gains up to 4.5
  in the projected timeframe. Rising demand for
  organic skin care products along with strict
  adherence to packaging, quality, and good
  shelf-life will propel industry demand. Personal
  care is a major end-use industry for the product
  owing to its properties of keeping skin soft and
  youthful, moisturizing, and healing support to
  the skin. It is highly water-soluble and used in
  soap and detergents hence, driving ethyleneamines
  market growth.
• Global ethyleneamines industry share is
  moderately consolidated and competitive with some
  of the key manufactures which includes AkzoNobel,
  Gem chemicals, Huntsman Corporation, Prasol
  Chemicals, Lanxess, BASF SE., Saanvi Corp, and
  Dow Chemicals. Firms are entering into strategic
  alliances including partnership, joint ventures
  to expand their regional presence and product
  offerings which is likely to favor industry
  growth.

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