Global Ethanolamines Market is expected to reach US$ 4.43 Billion By 2025

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GLOBAL ETHANOLAMINES MARKET to surpass us 4.43
billion by 2025, with asia pacific poised to be
growth engine
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REPORT DESCRIPTION
Ethanolamines Market Overview
Ethanolamines are colorless, viscous organic
compound with molecular formula HOCH2CH2NH2.
These are used as a feedstock in the manufacture
of Monoethanolamines (MEA), Diethanolamines (DEA)
and Triethanolamines (TEA), which finds wide
application in the production of emulsifiers,
detergents, polishes, chemical intermediates,
corrosion inhibitors and pharmaceuticals. On the
basis of application, the global ethanolamine
market can be segmented as surfactants,
herbicides, chemicals intermediates, textiles,
gas treatments, gas treatment and metal
treatment. Herbicides segment is expected to
witness highest growth rate during the forecast
period, followed by textile and surfactants.
Other major applications of ethanolamine are in
the field of corrosion inhibitors for metal
protection and construction chemicals. These
chemicals are largely used in the production of
surfactants, which finds wide applications in
detergents, emulsions, fabric softeners, paints,
inks, adhesives, cosmetics, biocides, among
others. Surfactants application segment dominated
the ethanolamines market in 2016. Ethanolamines
are also used in various cosmetics and personal
care industry for manufacturing of bath foams,
liquid soaps and shampoos. However, the use of
diethanolamines in cosmetics had banned by The
European Commission in order to lower the
contamination from carcinogenic nitrosamines.
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REPORT DESCRIPTION
Also, many studies prove the ill-effects of this
chemical on liver and links have been found to
liver tumors in the past decades. According to
U.S. Department of Health and Human Services --
NIH Publication No. 92-3343, in October 1992,
proves the ill effects of diethanolamines on
liver and also links have been found to liver
tumor in past decades. Construction industry uses
triethanolamines, which is used as cement
grinding aids and performance enhancers in order
to reduce the energy consumption and to improve
the quality of cement. Increasing infrastructure
development in emerging economy such as China,
India, Brazil, UAE and Saudi Arabia is expected
to boost the demand for triethanolamines
application segment, which in turn is increasing
the demand for ethanolamines during 2017-2025.
For instance, as per statistics released by India
Brand Equity Foundation (IBEF)a Trust
established by the Department of Commerce,
Ministry of Commerce and Industry, Government of
Indiathe Indian government plans to invest US
376.53 billion in infrastructure development over
the following three years. The global
ethanolamines market size is estimated at US
2.99 billion (revenue) and 1840.96 kilo tons
(volume) in 2016 and is expected to expand at a
CAGR of 4.4 in terms of revenue and 3.6 in
terms of volume during the period 2017
2025. Request Sample Copy of This Report
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REPORT DESCRIPTION
Diethanolamines has emerged as the fastest
growing application area for ethanolamines Diethan
olamines product segment is expected to be the
fastest-growing product in the ethanolamines
market over the forecast period. The
diethanolamines is largely used as a raw-material
to manufacture herbicides which is used as an
agricultural chemicals. Glyphosate is used as
herbicides in order to kill weeds and grasses,
which finds huge demand from agriculture industry
owing to the increase in demand for
diethanolamines. Moreover, aqueous solution of
diethanolamines is also used in the treatment of
natural gas in refinery and petrochemicals
industry as a gas scrubbing agents. This in turn,
positions diethanolamines as the fastest-growing
derivative in ethanolamines market. Regional
Insights Asia Pacific is the largest market for
ethanolamines in the past and the trend is
expected to continue in the following years due
to large amount of domestic consumption in
various end use industries, coupled with cheap
production cost and rapid economic growth across
the region. North America is also expected to
witness significant growth due to its large
applications in gas sweetening and cleaning
process in various downstream process industries.
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