Ethanolamine Market is Expected to Grow at a CAGR of 4.15% by 2035

NEW YORK - Feb. 7, 2022 - PRLog -- According to ChemAnalyst report, "Ethanolamine Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End-User Industries, Type, Distribution Channel, Regional Demand, 2015-2035". Ethanolamine market witnessed a demand of around 2.16 million tons globally in 2021 and it is projected to grow with a healthy CAGR of 4.15% until 2035 owing to its rising demand to produce Soaps & detergents, Cosmetics & personal care products, Oil & gas treatment, Agrochemicals, & Various Others like textiles & pharmaceuticals.

Ethanolamine are Ethylene Oxide Derivatives having bi-functional group; alcohol and amine; thus, it can react from both ends giving it a wide range of industrial features. It is commercially produced by reacting ammonia with EO in aqueous acid catalyzed reactor phase. Mono, Di, and Tri-Ethanolamine are produced which are separated from downstream distillation columns. With the conventional method, the ratio of ethanolamine's generated (MEA: DEA: TEA = 1:1:1) can be altered using catalysts inhibitors to produce more desirable products.

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Ethanolamines span a large number of end markets. It can dissolve oils and is used as a solvent for petroleum industries. MEA's key use is in production of ethylene amines & chelating agents. It is also used as feedstock & solvent in the production of pharmaceuticals, detergents, polishes, corrosion inhibitors, cosmetics, emulsifiers, and other chemical intermediates. DEA is largely used in the production of agrochemicals mainly, glyphosate, a herbicide, but is also used as a surface-active agents in personal care products, in gas purification, and as a corrosion inhibitor for oil wells & metalworking. A major portion of TEA goes into cosmetics, personal care & detergents, engineering/metallurgy working. Other uses of ethanolamine are as an Ingredient in shampoo, conditioner, fabric softener, cosmetics, pharmaceutical product & textile conditioning. Additionally, they are very desirable as H2S and CO2 absorbents for natural gas treatment.

According to ChemAnalyst report, "Ethanolamine Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2035", Key players for Ethanolamine market globally are Dow Chemical Company (USA), INEOS Oxide (USA, France), Huntsman Corporation (USA), Sadara Chemical (Saudi Arabia), Oxiteno Chemical (Brazil), Saudi Kayan (Saudi Arabia), Dow (Union Carbide) - Petronas JV (Malaysia), Sintez OKA Group of Companies (Russia), Nippon Shokubai (Japan), Lotte Chemical (China), Arak Petrochemical Complex (Iran), Sasol (Germany), IDESA Group (Mexico), Oriental Union Chemical Corp. (OUCC) (Taiwan, China), BASF SE (Global), KPX Green Chemical (South Korea), Amines & Plasticizers Limited (APL) (India), AkzoNobel (Sweden), Petronas Chemicals Group (Malaysia), PTT Global (Thailand) and Others