Ethanolamines Market is forecasted to surpass US$ 4.8 billion by 2032. Monoethanolamine is projected to register an opportunity of 3.7% CAGR from 2022-2032
The growth of the market for ethanolamines is projected to expand at a CAGR of around 4.1% during 2022 – 2032. The value of the methanolamine market increased at a CAGR of around 4.8% during 2017 – 2021. The increased demand for acid gas removal, such as Hydrogen sulfide from natural gas, olefins cracker output, and refinery streams, is driving up Monoethanolamine demand.
With the increased use of ethanolamines by end-use sectors including detergents, herbicides, and textiles, the market expansion is expected to be driven by increased demand in the agricultural sector. Ethanolamines are commonly exploited as a raw material in the production of solvents, polishes, and medications. Demand for building chemicals and protective coatings for metal shielding is anticipated to grow as the application is then used to a greater degree. Over upcoming years, anticipated growth in surfactant used in the United States and Western Europe is likely to drive the market expansion.
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Key Takeaways from the Market Study
Market Segments Covered in Ethanolamines Market Analysis
By Product type
By End-user Industry
By Region
Key Companies Covered
Some of the recent developments in the Ethanolamines Market are:
Similarly, more recent developments related to companies in Ethanolamines Market services have been tracked by the team at Fact.MR, which are available in the full report.
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More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the Global Ethanolamines Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Global Ethanolamines Market by Product Type (Monoethanolamine, Diethanolamine, and Triethanolamine), by End-user (Agriculture, Construction, Personal Care, Oil and Gas, Metallurgy and Metalworking, Textile and Other End-user Industries), across five regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).
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Jun 26, 2023