Global Ethyleneamines Market Insights Forecasts to 2033

• The Global Ethyleneamines Market Size was Estimated at USD 2.15 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 4.63% from 2023 to 2033
• The Worldwide Ethyleneamines Market Size is Expected to Reach USD 3.38 Billion by 2033
• North America is expected to grow the fastest during the forecast period.

The Global Ethyleneamines Market Size is projected to reach USD 3.38 Billion by 2033, growing at a CAGR of 4.63% from 2023 to 2033. The increasing demand for ethyleneamines in the automotive and agro-chemicals industries is driving the market growth for ethyleneamines.

Market Overview

The ethyleneamines market refers to 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. The main applications for ethyleneamines are as building blocks and in the chemistry of curing agents for epoxy resin. There is an increasing number of product applications such as chelating agents, asphalt additives, bleach activators, and corrosion inhibitors that may drive the market growth. Further, ethyleneamines are commonly used in surfactants owing to their good foaming properties. 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.

Report Coverage

This research report categorizes the ethyleneamines market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the ethyleneamines market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the ethyleneamines market.

Driving Factors

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. The need for ethylene amines is largely driven by the automobile industry, especially in the production of lubricants and fuel additives that improve engine efficiency and performance. Ethylene amines are also used in the textile industry to improve the quality and durability of fabrics through dyeing and fabric treatments.

Restraining Factors

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.

Market Segmentation

The global ethyleneamines market share is classified into type and end use.

• The ethylenediamines segment dominates the market with the largest market share and is anticipated to grow at a significant CAGR during the forecast period.

Based on the type, the ethyleneamines market is classified into ethylenediamines, diethylenetriamine, triethylenetetramine, and other higher ethyleneamines. Among these, the ethylenediamines segment dominates the market with the largest market share and is anticipated to grow at a significant CAGR during the forecast period. A variety of compounds, such as fungicides, corrosion inhibitors, and chelating agents are made using ethylenediamine. The demand for lightweight and efficient automobiles as well as the stringent environmental regulations by the governments are expected to drive the market in the ethylenediamines segment.

• The resin segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end use, the ethyleneamines market is classified into resin, paper, adhesive, automotive, water treatment, agro chemicals, pharmaceuticals, and others. Among these, the resin segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Ethyleneamine-modified resins provide better mechanical qualities. Tensile strength, toughness, and impact resistance are enhanced when polymer chains are cross-linked by amine-epoxy processes. The use of ethyleneamines in epoxy products including coatings and adhesives is driving the market in the resin segment.

Regional Segment Analysis of the Ethyleneamines Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the ethyleneamines market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the ethyleneamines market over the predicted timeframe. The growing need for ethyleneamines in the automotive and agrochemical industries is driving the market in the region. 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 expected to grow at the fastest CAGR growth of the ethyleneamines market during the forecast period. The increasing need for the product in the water treatment and pharmaceutical industry is driving the market demand. 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.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the ethyleneamines market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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.
• 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 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, By 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 the Middle East & Africa