Global Ethyleneamines Market worth USD 3.38 Billion by 2033 | CAGR of 4.63%
Category: Chemicals & MaterialsGlobal Ethyleneamines Market worth USD 3.38 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Ethyleneamines Market Size is Expected to Grow from USD 2.15 Billion in 2023 to USD 3.38 Billion by 2033, at a CAGR of 4.63% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 122 Market data tables and figures & charts from the report on the "Global Ethyleneamines Market Size, Share, and COVID-19 Impact Analysis, By Type (Ethylenediamines, Diethylenetriamine, Triethylenetetramine, and Other Higher Ethyleneamines), By End Use (Resin, Paper, Adhesive, Automotive, Water Treatment, Agro Chemicals, Pharmaceuticals, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/ethyleneamines-market
The ethyleneamines market is the market for organic compounds containing ethylene bonds between amine groups. Ethyleneamines, also known as ethanolamines are used in the production of corrosion inhibitors, gas sweetening agents which are applied in the oilfield and gas treatment industries. With the growing demand from various applications, the demand for ethyleneamine is expected to increase over the forecast period. The surging R&D activities for the development of novel products are presenting market growth opportunities for ethyleneamines. The increasing demand for ethyleneamine for pesticides and other end-user industries is significantly driving the market demand. Further, the increasing consumer awareness regarding the concerns over cleanliness and hygiene is contributing to propelling the market for ethyleneamines. On the contrary, the harmful effects on health owing to its direct exposure and the rising use of bio-based products in agriculture are challenging the ethyleneamines market.
The ethylenediamines segment holds the largest share of the global ethyleneamines market and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the global ethyleneamines market is divided into ethylenediamines, diethylenetriamine, triethylenetetramine, and other higher ethyleneamines. Among these, the ethylenediamines segment holds the largest share of the global ethyleneamines market and is expected to grow at a significant CAGR during the forecast period. Ethylenediamine is used to make a wide range of compounds, including chelating agents, corrosion inhibitors, and fungicides. The need for automobiles that are efficient and lightweight is responsible for driving the market demand.
The resin segment accounted for the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end use, the global ethyleneamines market is divided into resin, paper, adhesive, automotive, water treatment, agro chemicals, pharmaceuticals, and others. Among these, the resin segment accounted for the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period. Resins treated with ethyleneamine offer superior mechanical properties. The usage of ethyleneamines in epoxy products, such as paints and adhesives is driving the market in the resin segment.
Asia Pacific is projected to hold the largest share of the global ethyleneamines market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global ethyleneamines market over the forecast period. China became the world's largest producer of automobiles, therefore increasing consumption of ethyleneamines, thereby propelling the market growth. the implementation of new rules and policies for the automobile sector, the demand for ethylenamines in India is expected to rise which is driving the ethyleneamines market.
North America is predicted to grow at the fastest CAGR in the ethyleneamines market over the forecast period. The expanding automotive sector, which uses ethyleneamines in fuel additives, lubricants, and coatings to improve performance and durability, is responsible for driving the market demand. Further, the increasing need for the product in the water treatment and pharmaceutical industry is driving the market demand.
Major key players in the ethyleneamines market include BASF SE, Dow Inc., Huntsman Corporation, Oriental Union Chemical Corporation, Arabian Amines Company, Diamines and Chemicals Ltd., Delamine BV, Nouryon, Fisher Chemical, Tosoh Corporation, SABIC, Balaji Speciality Chemicals Limited, Sadara Chemical Company, Kanto Chemical Co., Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In April 2022, BASF and SINOPEC broke ground for the expansion of their Verbund site operated by BASF-YPC Co., Ltd., a 50-50 joint venture of both companies in Nanjing. The expansion includes new capacities of several downstream chemical plants and a new tert-butyl acrylate plant, to serve the growing demand from various industries in the Chinese market.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global ethyleneamines market based on the below-mentioned segments:
Global Ethyleneamines Market, By Type
- Ethylenediamines
- Diethylenetriamine
- Triethylenetetramine
- Other Higher Ethyleneamines
Global Ethyleneamines Market, By End Use
- Resin
- Paper
- Adhesive
- Automotive
- Water Treatment
- Agro Chemicals
- Pharmaceuticals
- Others
Global Ethyleneamines Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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