Growing demand for laundry and detergent products due to consumer awareness of cleanliness and hygiene has pushed the ethylene amines market size in surfactant applications.
Consumption is expected to increase across a number of industries, including polymers, textiles, personal care, automotive, water treatment and agro chemicals. A recently published study by Future Market Insights concludes that the global ethylene amines market is forecast to register a CAGR of 4.6% from 2022-2032. The market is expected to reach a valuation of US$ 3.1 Billion as of 2032, while registering absolute dollar growth worth US$ 1.1 Billion during the said period of assessment.
From 2015 to 2021, ethylene amines sales experienced substantial growth, documenting a 5.5% CAGR to conclude at US$ 1.9 Billion. Growing demand for laundry and detergent products due to consumer awareness of cleanliness and hygiene has pushed ethylene amines market size in surfactant applications. Increasing research investments in the development of eco-friendly products with ecologically friendly properties will spur growth in product demand.
It is expected that research and development activities that are being conducted in order to optimize the use of ethylene amine for various other applications will be the key element contributing to the growth of the ethylene amine market around the globe. Furthermore, with the growing demand for green initiatives, policies are being drafted in the region that will reduce carbon emissions, ensure safety, and so on.
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Key Takeaways from the Market Study
“Analysts anticipate new technologies will emerge in the coming years and wind turbine blades will be adopted to offer more wind energy capacity, which will significantly improve ethylene amine production in the coming years,” reports an FMI analyst.
Competitive Landscape
The end users of ethylene amines will benefit from new technologies and their production. A strategic partnership may enable the company to expand its operational capabilities.
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Leading Companies Profiled in Ethylene Amines Market are
Key Segments Covered In the Ethylene Amines Market Study
Ethylene Amines Market by Type:
Ethylene Amines Market by End Use Industry:
More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global ethylene amines market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by type (Ethylenediamine (EDA), Diethylenetriamine (DETA), Triethylenetetramine (TETA), Tetraethylenepentamine (TEPA)), by End-user Industry (Personal Care, Pulp and Paper, Adhesives, Paints, and Resins, Agro Chemicals, Automotive, Pharmaceutical, Oil and Gas, Other End-user Industries), & By Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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May 22, 2023