Global Ethylenediamine Market: Overview
Ethylenediamine (EDA) is a robust base and chelating agent, which is characterized by its clear liquid-like colorlessness and ammonia-like odor. Though there are several precautions that must be taken during the handling of ethylenediamine, as it can be severely hazardous to health and can even cause blindness as a result of high exposer, it is highly useful too for a number of industries such as paints and coatings, agrochemicals, pharmaceuticals, mining and textile, and fuel and energy. Most of these industries are prospering, which is expected to escalate the demand in the global ethylenediamine market during the forecast period of 2016 to 2024.
This report on the global ethylenediamine market has been compiled in order to represent the current scenario and future prospects of the market to the stakeholders connected to the value chain such as manufacturers of ethylenediamine, government agencies, and suppliers and distributors of ethylenediamine. The report studies all the connected factors that will define the demand for ethylenediamine in the near future, and presents figurative projections. A number of companies operating in the global ethylenediamine market have also been profiled in the report in order to analyze the competitive landscape and recent strategic decisions by the industry leaders.
Global Ethylenediamine Market: Trends & Opportunities
Being miscible in water and solvable in various acids including hydrochloric acid, sulfuric acid, and dilute nitric acid, ethylenediamine are used as a building block of a number of useful chemicals. For example, elastomeric fibers, plastic lubricants, chelating agents, rubber processing additives, bleach activators, corrosion inhibitors, fungicides, mineral processing aids, fuel additives and lubricating oils, pharmaceuticals, polyamide resins, urethane chemicals, and textile additives among others. This varied applications are the primary driver of the global ethylenediamine market. On the other hand, bio-accumulation potential, toxicity to aquatic life, low flashpoint, and prone to catching fire are some of the hazardous factors that is hindering the growth rate of the global ethylenediamine market.
The report includes analysis of each application of ethylenediamine and estimates their future prospects for the forecast period of 2016 to 2024. Various government regulations pertaining to the use of ethylenediamine have also been included in the report, assessing the challenges and opportunities.
Global Ethylenediamine Market: Regional Outlook
The report takes stock of the potential of ethylenediamine market in all the important regions, such as Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Currently, Asia Pacific serves the maximum demand for ethylenediamine, gaining significant traction from thriving industrial sectors in several emerging economies such as India, China, Australia, South Korea, and Japan. Asia Pacific being the most populated region in the world, India and China are also the most prominent consumers of ethylenediamine. Owing to rapid urbanization in these countries, the demand in the sectors such as paint and coatings, pharmaceuticals, and textile is increasing, which is reflecting positively on the global ethylenediamine market.
Companies mentioned in the research report
Some of the leading players operating in the global ethylenediamine market are Dow Chemical Company, Mitsubishi Gas Chemical Company, BASF SE, AkzoNobel N.V., Arkema SA, Alkyl Amines Chemicals Ltd., Huntsman Corporation, Taminco Corporation, and Rhodia. The competition is quite stiff in this market, and these market leaders frequently indulge in strategic collaborations to strengthen their geographical presence and increase customer-base. Research and development in the field in order to find new feasible applications of ethylenediamine is also expected to help these players gain ground over their competitors.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
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:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
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?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.