COVID-19 Impact on Alkyl Alkanolamines Market

  • COVID-19 outbreak is hampering the demand for alkyl alkanolamines in many applications. Governments of various countries across the globe have enforced lockdown measures to curb the spread of the coronavirus. This has resulted in slowdown and even halt in manufacturing operations, thus hampering the demand for alkyl alkanolamines.
  • Key players operating in the alkyl alkanolamines market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these players are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively influenced the demand and supply chain of alkyl alkanolamines.
  • The COVID-19 outbreak has directly affected the production and demand for alkyl alkanolamines. Industrial shutdown caused by the COVID-19 pandemic has created disruption in the supply chain. Disruption in supply of raw materials is projected to hamper full-scale operations of companies operating in the market.

Key Drivers of Alkyl Alkanolamines Market

  • Rise in demand for alkyl alkanolamines in hydrocarbon processing industries such as refinery and fertilizer for removal of H2S and CO2 is a significant factor projected to fuel the global alkyl alkanolamines market during the forecast period. Demand for alkyl alkanolamines is high in carbon capturing and storing as it helps reduce greenhouse gas emissions.
  • Increase in demand for foam in the packaging industry, primarily made from polyurethane, is expected to increase the demand for alkyl alkanolamines, which are used as catalysts in the production of polyurethanes.

Restraints of Alkyl Alkanolamines Market

  • Insufficient supply of materials and increasing competition from substitutes are the major challenges for the alky alkanolamines market

Asia Pacific to Constitute Significant Share of Global Alkyl Alkanolamines Market

  • In terms of region, the global alkyl alkanolamines market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific dominated the global market in 2020. Asia Pacific is the largest market for alkyl alkanolamines due to the significant awareness to reduce gas emission and the increasing adherence to environmental regulations by various industries for air pollution in developed countries in the region. Growth of the alky alkanolamines market in Asia Pacific can also be attributed to the presence of large industrial base and increase in demand for gas treatment in the oil & gas industry in the region.
  • North America and Europe are also key consumers of alkyl alkanolamines. The market in North America and Europe is anticipated to expand at a moderate pace in the near future.

Competitive Landscape of Global Alkyl Alkanolamines Market

Major players operating in the alkyl alkanolamines market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. The market is currently witnessing fierce competition among several leading players. Key players operating in the market include Dow Chemical Company, Huntsman International LLC, BASF SE, Akzo Nobel N.V., Amines & Plasticizers Limited, and Mitsubishi Gas Chemical Company,

Global Alkyl Alkanolamines Market: Research Scope

Global Alkyl Alkanolamines Market, by Product Type

  • DEEA (N,N-dimethylethanolamine)
  • MDEA (N-methyldiethanolamine)
  • NMEA (N-methylethanolamine)

Global Alkyl Alkanolamines Market, by Application

  • Gas Treatment
  • Water Treatment
  • Resin
  • Coating

Global Alkyl Alkanolamines Market, by End-user

  • Oil and Gas Industry
  • Textile Industry
  • Pharmaceuticals
  • Household Specialty & Personal Care

Global Alkyl Alkanolamines Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Alkyl Alkanolamines: Market Introduction

  • Alkyl alkanolamines are a versatile, chemically multifunctional group of materials used across a range of applications, including gas treating; polyurethane catalysts; paints & coatings; fabric softeners; water treatment, and paper manufacturing
  • Alkyl alkanolamines are also used as catalysts for polyurethane production. Polyurethanes are used in flexible foams, coatings, and other varnishes.
  • Alkyl alkanolamines are used in gas treating to remove hydrogen sulfide and carbon-dioxide in hydrocarbon processing industries

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Alkyl Alkanolamines Market