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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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.
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