Ethanolamines are organic compounds produced as a result of the synthesis of ethylene oxide and ammonia. It serves as raw material for the manufacture of various solvents and formulations. The global ethanolamines market report by Market Research Future (MRFR) has been compiled keeping in mind the impact of the COVID-19 pandemic on the production and value chain. It contains drivers, restraints, opportunities, and threats for the period of 2017 to 2023 (forecast period).
By product, it is segmented into monoethanolamine, diethanolamines, and triethanolamines. Triethanolamines can hold a major market share till the end of the forecast period owing to its utilization in sunscreens, detergents, shaving products, hair care products, and others. But diethanolamines can surpass its counterpart over the assessment period.
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Major applications comprise textiles, detergents, cement, chemical intermediates, herbicides, metal cleaning, gas treatment, personal care, and others. Detergents are predicted to contribute majorly to the global ethanolamines market due to its application in emulsifying agents and anti-static agents. The purpose of cleaning facilities due to stringent regulations regarding work safety and production norms amid the outbreak of the COVID-19 pandemic can drive the need for ethanolamines.
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Geographically, the market covers trends and opportunities across regions of Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East Africa (MEA).
APAC holds the lion’s share of the market due to growing demand for diethanolamines in metal cleaning, detergents, chemical intermediates, herbicides, and others. The surge in disposable income levels of consumers coupled with rapid urbanization can propel the market growth. Countries such as China, Japan, and India are the major players in this market.
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