The Global Ethanolamines Market was valued at US$ 2.99 Billion in 2016, according to a new report published by Coherent Market Insights. 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. Diethanolamines are largely used as a feedstock in the production of agrochemicals, which is used to manufacture herbicides. Glyphosate are commonly used herbicides to kill insects, such as weeds in the agricultural fields. North America followed by Asia Pacific are leading in terms of consumption and production of herbicides in the past and expected to retain the trend in the following years for diethanolamine market. Diethanolamines are the primary feedstock used in the manufacture of glyphosate. Increasing demand for glyphosate from agricultural industry, is in turn expected to propel the market for diethanolamines market during the forecast period. Moreover, diethanolamines finds wide application in process chemical industry, which is used as a gas scrubbing agents. Also, petrochemical industry and petroleum refinery uses diethanolamines to remove carbon dioxide and hydrogen sulfide from the gas stream and the process is known as gas sweeting process.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/ethanolamines-market-378

Ethanolamine is widely used in the manufacture of various fatty acids amides, which find their application in cosmetic products. Growing inclination of the populace towards aesthetic appeal is increasing demand for cosmetic and personal care products. This is thus augmenting demand for ethanolamine, in turn, boosting growth of the ethanolamine market. Ethanolamine is also used as an intermediate in the manufacturing of corrosion inhibitors, water soluble lubricants, emulsifiers, and biocides.

According to Coherent Market Insights’ analysis, in 2016, the surfactants segment held a dominant position in the market in 2016 and is expected to retain its dominance in the near future. Surfactants have a wide range of applications in the petroleum, agriculture, healthcare and cosmetics and personal care industries, thus boosting growth of the segment. It is used in the cleaning of storage tanks and crude oil transportation lines in the downstream petroleum industry, to enhance oil recovery system in the upstream oil & gas industry, biocides in the agricultural industry, and in immunological adjuvants and for gene delivery in the healthcare industry.

Key takeaways of the market:

• Asia Pacific dominated the market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for ethanolamine derivatives in various end-use industries such as agriculture, refinery, and construction chemicals due to low production cost of ethanolamines in China and India over following years is the major driving force to position Asia-Pacific as the largest and fastest-growing region in the global ethanolamines market.
• The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in agricultural activities along with increasing textile industry are expected to create lucrative growth opportunities for the players in this region.
• Major challenges faced by the global ethanolamines market include stringent regulations coupled with adverse health impact of these chemicals on environment as well as human being. For instance, in November 30, 2009, The European Parliament and The Council of the European Union had banned DEA use in cosmetics to reduce contamination from carcinogenic nitrosamines. Also, various medical test proves the effects of this chemical on liver and links have been found to liver tumors in the past decades. According to United States 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.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]