Ethanolamines are a group of organic compounds that are extensively utilized in personal care products, herbicides, textiles, agrochemicals, detergents, metal cleaning agents, gas treatment plants, and wood preservatives. The rise in the demand for ethanolamines from China and the U.S. together with the growth of markets such as wood preservation, glyphosate herbicides, corrosion inhibitors for metals, and construction chemicals are projected to drive demand from the global ethanolamines market.
The global ethanolamines market is spread across the markets in North America, Europe, Asia Pacific, and the Rest of the World. The markets for herbicides, textiles, personal care products, detergents, metal cleaning, gas treatment, agrochemicals, and wood preservatives are the major end user segments of this market.
This research report on the global ethanolamines market presents a qualitative as well as quantitative analysis of this industry. It provides a comprehensive assessment of key driving forces behind the growth as well as the challenges this market is facing. The trends and opportunities in this market are also discussed in this report.
The report also reviews the competitive landscape of the global ethanolamines market, considering the market share of the major players and their company profiles.
Overview of the global ethanolamines market
The extensive demand for ethanolamines from end-use industries such as detergents, herbicides, and personal care products has driven the global ethanolamines market to a great extent. In addition to this, rising demand from various emerging economies such as China and India is stimulating the growth of this market.
Regular innovation in the field of construction chemicals, wood preservation, and corrosion inhibitors for metals is also expected to fuel the demand for ethanolamines during the period 2012-2018. However, the instability of the prices of raw materials utilized for the production of ethanolamine is likely to restrict the growth of this market, though not significantly.
Among all the end users of the market, the market for herbicides is expected to emerge as the biggest consumer of ethanolamines during the period from 2012 to 2018. The markets for personal care products, detergents, and metal cleaning agents are also projected to register healthy growth over the forecast period.
The ethanolamines market in North America has acquired the leading position and is followed by the markets in Europe and Asia Pacific. Analysts estimate the market in North America to maintain its dominance, while Europe is projected to show sluggish growth over the forecast period. However, the Asia Pacific ethanolamines market is likely to register the fastest growth between 2012 and 2018.
Other than this, China and the U.S. are considered as the biggest consumers of ethanolamines across the globe and are expected to retain the position during the forecast period.
Companies mentioned in the research report
Fushun Beifang Chemical Co. Ltd., Jiaxing Jinyan Chemical Co. Ltd., BASF SE, China Petroleum & Chemical Corp., Dow Chemical, Shijiazhuang Haisen Chemical Co. Ltd., Sinopec Shanghai GaoQiao Petrochemical Corp., Akzo Nobel, Thai Ethanolamines Co. Ltd., INEOS Oxide Ltd., and Huntsman Corp. are the major companies operating in the global market for ethanolamines, wherein BASF and Dow Chemical Corp. are the global leaders of this market.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments