Global N-Methyl Diethanolamine (MDEA) Market – Insights
N-Methyl Diethanolamine is also known as Methyl Diethanolamine or MDEA with chemical formula CH3N (C2H4OH)2. MDEA is a colorless yellow liquid with ammonia odor. It is used as decarbonizer and sweetening agent in gas synthesis, oil refinery, chemical, and natural gas. The N-Methyl Diethanolamine (MDEA) market is projected to grow substantially over the forecast period attributing to increasing demand for carbon capture and sequestration (CCS) coupled with growing demand for MDEA from oil & gas industry.
Greenhouse gas (GHG) emission is increasing globally, owing to increasing urbanization. For instance, according to the U.S. Environmental Protection Agency, total U.S. greenhouse gas emission was 6,456.7 million metric tons of carbon dioxide equivalents in 2017, of which 82% was carbon dioxide itself. Carbon Capture and Sequestration (CCS) provides sustainable solution for reducing GHG emission. CO2 emission is controlled in CCS process by first collecting/absorbing CO2 from industrial process streams, which is then stored underground, by which CO2 will not be released to the atmosphere.
MDEA efficiently absorbs CO2 and therefore, it is considered as a potential absorbent in the carbon capture process in CCS. Increasing awareness regarding lowering of GHGs and demand for efficient CCS technology is expected to drive growth of N-Methyl Diethanolamine (MDEA) market. For instance, Gas Technology Institute (GTI) is investigating a membrane contactor for pilot-scale CO2 capture system based on polyether ether ketone hollow fiber membranes, which utilizes MDEA as an amine solvent to capture CO2.
However, adverse effects of MDEA on environment & availability of substitutes is expected to hinder the growth of the global N-methyl diethanolamine (MDEA) market over the forecast period.
The global N-methyl diethanolamine (MDEA) market was valued at US$ 576.3 Mn in 2018, and is expected to register a CAGR of 4.8% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 865.2 Mn by 2027.
Asia Pacific accounted for the largest revenue share of 34.0% in the global N-methyl diethanolamine (MDEA) market in 2018. The region is also projected to record the fastest growth during the forecast period. This is attributed to the rapid expansion of end-use industries such as textile and oil & gas, especially in emerging economies such as China and India.
Growing textile industry in the region is expected to drive growth of the N-Methyl Diethanolamine (MDEA) market in the region. According to India Brand Equity Foundation, Indian textile industry was valued at US$ 150 billion in 2018 and is expected to reach US$ 250 billion by 2019. Increasing exports is also driving growth of the Indian textile industry. According to same source, India’s textile exports were valued at US$ 39.2 billion in 2018 and is expected to reach at US$ 82.0 billion by 2021.
Figure 1. Global N-Methyl Diethanolamine (MDEA) Market Share (%), By Region, 2018
Source: Coherent Market Insights, 2018-19
Based on end user, in 2018, oil & gas segment held the largest share in the global N-methyl diethanolamine (MDEA) market. In 2018, the segment contributed for over 50.0% of the total revenue share in the global N-methyl diethanolamine (MDEA) market. In oil & gas industry, MDEA is used in a process called amine scrubbing or gas sweetening, wherein aqueous solution of MDEA is used to remove hydrogen sulfide (H2S) and carbon dioxide (CO2) from gas streams so as to avoid damage caused by these compounds such as corrosion and other environmental hazards.
Demand for MDEA is increasing in oil & gas industries, owing to increasing oil drilling activities across the globe to meet rising demand for energy & fuel. For instance, according to the report, ‘2017 OPEC World Oil Outlook’ published by Organization of the Petroleum Exporting Countries (OPEC) in October 2017, total world primary energy demand was 276.0 million barrels of oil equivalent per day (mboe/d) in 2015 and is expected to reach 371.6 mboe/d by 2040, of which largest share is expected to be accounted by oil fuel, which is expected to reach 100.7 mboe/d and that of gas fuel is expected to reach 93.2 mboe/d by 2040. Therefore, growing oil & gas industry is expected to propel growth of N-Methyl Diethanolamine (MDEA) market.
Figure 2. Global N-Methyl Diethanolamine (MDEA) Market Share (%), By End User, 2018
Source: Coherent Market Insights, 2018-19
Major players operating in the global N-methyl diethanolamine (MDEA) market include DowDuPont Inc., BASF SE, Eastman Chemical Company, Huntsman Corporation, Ineos Group Limited, Amines & Plasticizers Ltd., Sintez OKA Group, Advance Petrochemicals Ltd., Maoming Yunlong Industrial Development Co. Ltd., Nippon Nyukazai Co., Ltd., and Jiangsu Taihu New Materials Holding (Yancheng) Co., Ltd.
N-Methyl Diethanolamine (MDEA) is organic compound that is colorless liquid and has ammonia odor. N-Methyl Diethanolamine is widely used as a sweetening agent in oil refinery, natural gas and syngas, and chemicals production. The applications of MDEA include gas absorbent, catalyst for urethane and epoxy resin coating system, and as formulators in oil & gas industry.
MDEA is used as a softening agent in textile industry. Softening agents are used to give better fabric handle, drape, softness, cutting, and sewing qualities to fabric. These softening agents are applied on yarn, fiber, knitted, and woven fabrics during dyeing process. MDEA is also used in manufacturing of dyes, paraffin emulsion, textile lubricants, and soap emulsifying agents in the textile industry.
MDEA is manufactured with different purities such as 99%, 97%, and 95%. Others segment include products that are offered with MDEA concentration below 95%. Among product type, MDEA 99% segment accounted for the largest market share in the global N-Methyl Diethanolamine (MDEA) market in 2018. The segment contributed for over 55.0% share in the global N-Methyl diethanolamine (MDEA) market in terms of revenue.
Among regions, Asia Pacific held dominant position in the global N-Methyl diethanolamine (MDEA) market in terms of revenue share, in 2018. The region held around 34.0% of the total revenue share generated across the globe. The regional growth is derived by the expansion of end-use industries such as textile and oil & gas coupled with the growing use of MDEA in these industries.
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