COVID-19 Impact on Tetraethylenepentamine Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the tetraethylenepentamine market.

Key Drivers and Restraints of Tetraethylenepentamine Market

  • Tetraethylenepentamine is employed in various end-use industries, which include aerospace, marine, automotive, building & construction, industrial, textiles, food & beverages, and personal care. This is creating lucrative opportunities for the tetraethylenepentamine market.
  • Tetraethylenepentamine is commonly used as an additive in fuel and lubricating oil production, as an epoxy curing agent, or in the manufacture of asphalt additives. Tetraethylenepentamine is used as an additive in the production of lubricants. Lubricants are employed in a wide range of applications. Manufacturers of tetraethylenepentamine are focusing on increasing production and processing tetraethylenepentamine in order to meet the growing demand of industries. Increasing demand for tetraethylenepentamine in various applications is expected to fuel the global tetraethylenepentamine market in the next few years.
  • Improvement of economic conditions in developing economies has led to the growth of end-use industries. This is anticipated to boost the global tetraethylenepentamine market in the near future.
  • Environmental concerns and health hazards associated with the rising emission of toxic chemicals have led to emergence of bio-substitutes. Rise of bio-based chemicals used as substitutes is expected to hamper the tetraethylenepentamine market in the near future.

Tetraethylenepentamine: Application Segment

  • Based on application, the global tetraethylenepentamine market can be segmented into chelating agents, corrosion inhibitors, curing agents, surfactants, asphalt additives, lubricating oil & fuel additives, mineral processing aids, textile adhesives, and others
  • The lubricating oil & fuel additives segment is projected to gain higher share of the global market during the forecast period. Tetraethylenepentamine is largely consumed in lubricating oil production, with the demand for lubricants being high across the globe. This is projected to boost the global market for tetraethylenepentamine in the next few years.
  • The curing agents application segment is projected to hold key share of the global tetraethylenepentamine market in the near future. Curing systems are used for a variety of high-quality protective surface coatings (primers), high solids or solvent-free systems, civil engineering (floorings, grouts, mortars, cementious creeds, and membranes), molding and adhesives, sealants, filling compounds, laminates, water-proofing systems, cable-jointing compounds and casting. Increase in industrialization and rise in private investments in the construction sector are projected to propel the global tetraethylenepentamine market during the forecast period.

Asia Pacific to Hold Leading Share of Tetraethylenepentamine Market

  • In terms of region, the tetraethylenepentamine market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global tetraethylenepentamine market, followed by Europe and North America, during the forecast period. Presence of large manufacturing companies in China, Japan, and India is expected to create lucrative opportunities for the market in the region during the forecast period.
  • The tetraethylenepentamine market in Latin America and Middle East & Africa is projected to expand at a moderate pace in the near future. Tetraethylenepentamine is imported into countries such as Brazil, Mexico, and South Africa due to limited presence of manufacturing companies in these countries.

Key Manufacturers Operating in Tetraethylenepentamine Market

The tetraethylenepentamine market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the tetraethylenepentamine market include:

  • Dow
  • Huntsman
  • Delamine
  • Tosoh
  • Nouryon (AkzoNobel Specialty Chemicals)
  • DuPont
  • Arabian Amines Company
  • Changzhou Deye Chemical Industry

Tetraethylenepentamine Market: Research Scope

Tetraethylenepentamine Market, by Type

  • 0.993 Specific Gravity (20/20°C)
  • 0.994 Specific Gravity (20/20°C)
  • 0.998 Specific Gravity (20/20°C)
  • Others

Tetraethylenepentamine Market, by Application

  • Chelating Agents
  • Corrosion Inhibitors
  • Curing Agents
  • Surfactants
  • Asphalt Additives
  • Lubricating Oil & Fuel Additives
  • Mineral Processing Aids
  • Textile Adhesives
  • Others

Tetraethylenepentamine Market, by End-use

  • Aerospace, Marine, and Automotive
  • Building & Construction
  • Detergents & Cleaners
  • Industrial
  • Textiles
  • Food
  • Personal Care
  • Others

Global Tetraethylenepentamine Market, by Region

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

Tetraethylenepentamine: Introduction

  • Tetraethylenepentamine (TEPA) is a viscous hygroscopic liquid. It is soluble in most organic solvents and water.
  • Tetraethylenepentamine (TEPA) is used in many applications such as asphalt additives, corrosion inhibitors, epoxy curing agents, hydrocarbon purification, lube oil and fuel additives, mineral processing, polyamide resins, surfactants, and textile adhesives
  • TEPA also finds application as an intermediate for the synthesis of coatings and auxiliaries, and mineral processing aids. TEPA is used in the manufacture of anti-strip additives for asphalt. It is also used directly sometimes in epoxy curing agents and in lube oil and fuel additives.

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Tetraethylenepentamine Market