Global Ethanolamines Market 2017-2021

Overview of the global ethanolamines market

With the rapid urbanization and industrialization across the world, the construction industry is witnessing huge demand and has offered attractive opportunities for ethanolamines (ETAs) market. Technavio’s market research report has identified growth of the construction industry as one of the primary factors that will fuel the growth of the ethanolamines market in the coming years. The construction industry utilizes TEAs to help the cement grinding process and they also act as performance enhancers which reduces the energy consumption during cement production. Moreover, the quality of cement can be enhanced by adding TEAs and it also accelerates the hydration of tricalcium aluminate in Portland cement due to which the hydration heat rate releases. Technavio’s market research analysts predict that this global market will register a revenue of more than USD 3.5 billion by 2021.

The increasing production of eco-friendly ETAs backed by R&D activities is one of the key trends contributing towards the ethanolamines market. Vendors in this market are constantly focusing on developing eco-friendly ETA products. The vendors are investing heavily on R&D activities to aid the production of eco-friendly and innovative ETA products. The main purpose for the increasing focus on eco-friendly ETAs is to reduce the harmful effects of the environment and increase the demand of these eco-friendly ETAs in the ethanolamines compounds market.

Competitive landscape and key vendors

The ethanolamines market is marginally fragmented due to the presence of prominent players contesting to obtain the major portion of the market share. The vendors operating in the ethanolamines compounds market compete by increasing their presence geographically and by developing innovative methods of production of ETAs. Another factor by which the players are trying to strengthen their market foothold is by expanding their product portfolio to trigger sales.

The leading vendors in the market are-

• Akzo Nobel
• BASF
• INEOS Group Holdings
• Huntsman International
• SABIC
• The Dow Chemical

The other prominent vendors in the market are Daicel, Jiangsu Yinyan Specialty Chemicals, PTT Global Chemical Public Company, and Sintez OKA Group of Companies.

Segmentation by product type and analysis of the ethanolamines market

• DEAs
• TEAs
• MEAs

During 2016, DEAs segment accounted for the major shares of the ethanolamines market. The growing demand of DEA is contributed by its potential to act as a corrosion inhibitor and surfactant. DEAs also find its application in eliminating carbon dioxide and hydrogen sulfide from natural gas. Moreover, DEA is a key ingredient in diethanolamides, which helps in the manufacturing of shampoos and cosmetics. These factors plays pivotal role in driving the ethanolamines compounds market positively.

Segmentation by geography and analysis of the ethanolamines market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the ethanolamines market throughout the forecast period. The increasing demand for shale gas is in turn driving the market in this region. Moreover, ETAs utilization in various applications such as hair conditioners, household cleaning products, hair dyes, and soaps are propelling the growth of the ethanolamines compounds market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global ethanolamines market?
• What are the key market trends impacting the growth of the global ethanolamines market?
• What are the challenges to global ethanolamines market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global ethanolamines market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global ethanolamines market?

Technavio also offers customization on reports based on specific client requirement.