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.
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Burgeoning demand for cosmetic and personal care products on the back of increasing inclination of the populace towards personal aesthetic appeal, which in turn is augmenting demand for ethanolamine, as it finds large application in the manufacture of various fatty acids amides, which are used in various cosmetic products. Also, ethanolamines is used as intermediates in the manufacturing of corrosion inhibitors, water soluble lubricants, emulsifiers and biocides.
According to the stats provided by Coherent Market Insights, in 2016, the global surfactants market in the application segments is dominating in 2016 and the trend is expected to continue in the following years. Surfactants are widely used chemicals in various industry as well as in household purposes. For instance—
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