$4.91 Billion Ethanolamine Markets, 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Ethanolamine - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Ethanolamine market accounted for $3.06 Billion in 2017 and is expected to reach $4.91 Billion by 2026 growing at a CAGR of 5.4% during the forecast period.
Growing demand for ethanolamines from corrosion inhibitors for metal protection and increasing demand from applications including glyphosate herbicides and corrosion inhibitors for metal protection are some of the factors propelling the market growth.
However, volatility in raw materials price is the factors hindering the market growth. In addition, rising demand for gas sweetening agent and growing use of ethanolamine as corrosion inhibitors and coolant supplements are some of the factors providing ample opportunities.
Amongst application, Cement grinding is dominating the market due to the rising demand from the construction sector because of the increasing construction activities in developing nations including India, Indonesia, Thailand, and China.
By geography, Asia Pacific is the largest market for ethanolamine due to the large amount of domestic consumption in various end-use industries, coupled with cheap production cost and rapid economic growth across the region.
Products Covered:Triethanolamine (TEA) Monoethanolamine (MEA) Diethanolamine (DEA)
Applications Covered:Lubricants Cosmetics Gas Treatment Water Treatment Cleaning Metal Treatment Herbicides Textile Wood Preservatives Surfactant Cement Grinding Other Applications
End Users Covered:Rubber, Oil & Petrochemical Polyurethane Agrochemical Chemical Other End Users
Companies Profiled:BASF SE AkzoNobel Arak Petrochemical Company Celanese Corporation Chemitron Ltd. China Petroleum & Chemical Corporation (China) Dow Chemical (U.S.) Eastman Chemical Company (TAMINCO) Fushun Beifang Chemical Co. Ltd. (China) Huntsman Corporation INEOS Group AG Jiahua Jiaxing Jinyan Chemical Co. Ltd. (China) JLZX Chemical KPX Green LyondellBasell Mitsubishi Gas Chemical Company Inc. Mitsui Chemicals Shijiazhuang Haisen Chemical Co. Ltd. (China)
For more information about this report visit https://www.researchandmarkets.com/research/v9x8qq/4_91_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005173/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 01/18/2019 06:42 AM/DISC: 01/18/2019 06:42 AM