Aminoethylethanolamine Market: Overview
Aminoethylethanolamine is a linear molecule with primary and secondary amine groups with chemical formula of C4H12N2O. It is a hygroscopic liquid containing minimal ethylenediamine impurity. Aminoethylethanolamine is also referred to as N-(2-Aminoethyl)ethanolamine, N-(2-Hydroxyethyl)ethylenediamine, 2-[(2-aminoethyl)amino], and N-(β-Hydroxyethyl)-Ethylenediamine. It possesses mild ammonia-like odor. Aminoethylethanolamine is a water-soluble, clear, colorless, and viscous liquid. It is miscible with water, ethanol, and acetone, but immiscible with ether, benzene, and hexane. It is widely used as an intermediate in the production of surfactants, sequestering agents, cationic textile softeners, antistatic agents, corrosion inhibitors, and insecticides.
Aminoethylethanolamine Market: Trends & Demands
Increase in demand for aminoethylethanolamine in textile and chemical processing industries is driving the global aminoethylethanolamine market. It is used as fabric softener to impart softness and antistatic properties during pre-treatment and post-treatment to fabrics. It is also employed as textile additive to enhance dye sorption, adhesion, flame proofing, abrasion resistance, and anti-static characteristics of textiles. Increase in usage of aminoethylethanolamine in the textile industry is expected to boost the global aminoethylethanolamine market during the forecast period. Demand for aminoethylethanolamine is anticipated to increase in the chemical processing industry in the next few years, as it is employed in the manufacture of polyurethane chemicals. Aminoethylethanolamine is used in the manufacture of polyols and catalysts. These polyols are primarily employed in urethane systems for appliances, spray foams, building panels, and elastomers.
Aminoethylethanolamine Market: Key Segmentations
Based on purity, the global aminoethylethanolamine market can be bifurcated into <99% and ≥99%. The ≥99% purity segment held large share of the aminoethylethanolamine market in 2018. Demand for high purity aminoethylethanolamine is estimated to rise in the textile industry in the near future owing to its dye sorption, adhesion, flame proofing, abrasion resistance, anti-static properties.
In terms of application, the aminoethylethanolamine market can be classified into chelating agents, fabric softeners, lube oil & fuel additives, surfactants, textile additives, urethane chemicals, and others. The lube oil & fuel additives segment accounted for significant share of the global market in 2018. Aminoethylethanolamine is primarily employed in the manufacture of lubricants and fuel additives to reduce sludge and varnish deposits caused by the low-speed operation of motor vehicles. Aminoethylethanolamine-based fuel additives assist in controlling deposits in the fuel system of motor vehicles to enhance their effectiveness. Rise in demand for lubricants and fuel additives in automotive vehicles has augmented the utilization of aminoethylethanolamine in lubricants and fuel additives. Furthermore, aminoethylethanolamine is employed as chelating agents in metal processing industries. It is synthesized to polyamino carboxylic acids, which are widely used in various applications such as metal ion processing, buffering, concentrating, separating, and transporting.
Aminoethylethanolamine Market: Regional Outlook
Based on region, the global aminoethylethanolamine market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific accounted for major share of the global aminoethylethanolamine market in 2018 due to the presence of large numbers of heavy metal processing and textile industries in the region. The aminoethylethanolamine market in the region is anticipated to expand at a rapid pace during the forecast period owing to the rise in investments in the textile industry in countries such as China, India, and Bangladesh. Production capacity expansions by manufacturers of surfactants in China and India are likely to boost exports of aminoethylethanolamine to countries in North America and Latin America in the next few years. Middle East & Africa held key share of the global aminoethylethanolamine market in 2018, led by the increase in demand for aminoethylethanolamine in the oil & gas industry for drilling fluid, hydraulic fracturing, and fracking applications.
Aminoethylethanolamine Market: Key Players
Prominent players operating in the global aminoethylethanolamine market include Akzo Nobel Functional Chemicals AB, Aminat-Arabian Amines Company, BASF SE, Huntsman Corporation, LobaChemie Pvt. Ltd., Prasol Chemicals Pvt. Ltd., TCI Chemicals (India) Pvt. Ltd., and The Dow Chemical Company. These players focus on their core competencies of delivering products through effective distribution channels in order to strengthen their market share.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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- Latin America
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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