Latest TMR Report Explores Impact of COVID-19 Outbreak on Ethanolamines Market

 Ethanolamines Market: Snapshot

Demand for ethanolamines is increasing exponentially with rising industrialization and growing demand from end-use industries. The compound is used as feedstock for manufacturing pharmaceuticals, detergents, and polishes.

Further, widening application of ethanolamines in corrosion inhibitors for metal protection and construction chemicals, is anticipated to provide tremendous growth opportunities to ethanolamines market in coming years.

Moreover, demand for ethanolamines is rising from personal care industries too. Ethanolamines are used for manufacturing bath foams, shampoos, and soaps. In addition, the compound is extensively used as weak base in various industries and is an essential head group for phospholipids.

Request Brochure:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1088

Wide applications of ethanolamines in various industries and new application avenues are likely to boost the global ethanolamines market in coming years. Meanwhile, strong economic growth in various regions are likely to propel growth of the market in the forecast period (2016-2024). As per a report published by Transparency Market Research, the global ethanolamines market is anticipated to expand at a moderate CAGR of 4.1% during forecast period. In 2015, the market stood at the value of US$2.8 bn. The market value is estimated to cross US$4 bn by the end of forecast period.

ethanolamines-market

New Application Avenues Provide Expansion Opportunities to Ethanolamines Market

Development of new applications of ethanolamines in agrochemical production and wood preservation will provide fresh growth avenues to ethanolamines market. As a result, the market is likely to expand in the tenure of forecast period. Growth in agrochemicals production in Asia Pacific is projected to supplement global market growth in coming years.

Further, increasing demand from end-use industries for gas treatment and metal cleaning is a key driving factor. Gas treatment application is likely to grow at a significant rate. This, in turn, is likely to boost the market over the forecast period.

Frequently fluctuating prices of raw materials are likely to hamper growth of the global ethanolamines market. It is a major challenge being faced by the players operating in the market. It may restrain growth of the market.

Buy Now:

https://www.transparencymarketresearch.com/checkout.php?rep_id=1088&ltype=S

North America and Asia Pacific Market Dominate Global Ethanolamines Market

In 2015, North America and Asia Pacific, conjointly, accounted for 70% share in the global ethanolamines market. The contribution is accredited to extensive applications of ethanolamines in herbicides and surfactants.

Moving forward, Asia Pacific is anticipated to witness significant growth rate in coming years. The growth rate is accredited to increasing domestic demand from end-use industries in emerging economies such as India and China. Low product cost, particularly in India, is anticipated to one of the key factors for growth of the regional ethanolamines market over the forecast period. Rising disposable income along with growth in industrial sector is likely to drive demand in the region.

On the other hand, North America is anticipated to exhibit substantial growth over the forecast period owing to high demand from end-use industries. Industries such as herbicides, personal care, and detergent are major consumers of ethanolamines. The U.S. is one of the leading consumers of ethanolamines. Further, growing development and innovation in applications are likely to uplift the regional ethanolamines market in coming years.

With presence of several players in the global ethanolamines market, the market is highly fragmented in nature. As a result of intense competition, the profit margin is also very low. However, due to the presence large number of suppliers and educated buyers, ethanolamine market is providing lucrative opportunities for growth of the market in coming years.

Some of the key players operating in the global ethanolamines market are INEOS Oxide Ltd., Dow Chemical Corporation, Huntsman Corporation, Thai Ethanolamines Co., Daicel Chemical Industries, CNPC, Fushun Beifang Chemical Co. Ltd., BASF, Celanese Corporation, Alkyl Amines Chemicals Ltd., CNPC, Akzo Nobel, and Celanese Corporation.

Comments

Post a Comment

Popular posts from this blog

Asia Pacific Network Security Firewall Market 2021: Booming Demand from Emerging Economies to Market Growth by 2027 | AMD Telecom S.A., ANAM Technologies, Cellusys & More

  The Business Market Insights provides you regional research analysis on “ Asia Pacific Network Security Firewall Market ” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Asia Pacific Network Security Firewall Market during the forecast period, i.e., 2020–2027. The network security firewall market in APAC is expected to grow from US$ 650.0 Mn in 2018 to US$ 2382.4 Mn by 2027; it is estimated to grow at a CAGR of 15.6% from 2019 to 2027. Rising adoption of network function virtualization will create more opportunities in the network Security firewall market. NFV (Network Function Virtualization) is an initiative designed for virtualization of network services that usually operates on proprietary dedicated hardware. These NFV functions like load balanci...
Read more

Europe Drag & Drop App Builder Software Market to Grow at a CAGR of 4.5% by 2027 – Market Size, Investment Share, Future Scope, Demand and Forecast by Business Market Insights

 The Business Market Insights provides you regional research analysis on “ Europe Drag & Drop App Builder Software Market ” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Europe Drag & Drop App Builder Software Market during the forecast period, i.e., 2020–2027. The drag & drop app builder software market in Europe is expected to grow from US$ 234.48 million in 2019 to US$ 330.75 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2020 to 2027. France, Germany, Russia, the UK, and Italy are among the major countries in Europe. Western Europe is characterized by improved living conditions, higher income levels, and well-established technological infrastructure. It is one of the biggest and richest regions in Europe, with more GD...
Read more

Impact of Outbreak of COVID-19 on Fuel Oil Treatment & Conditioning Market

  The global fuel oil treatment and conditioning market is driven by the compelling need for eliminating contaminants from fuels in diesel engines in power plants, as these contaminants may have fatal consequences. The heavy fuel oils used by diesel engines are usually mixed with the left over oils from refining process, which contain concentrated proportion of cat fines. This in turn makes the product absorb other contaminants from the transport and storage chain, and if combusted in a diesel engine without being treated, could severely damage injection nozzles, fuel pumps, pistons, and cylinder liners. Thus, the need for fuel oil treatment and conditioning is increasingly being felt and will boost the growth of this market. Request Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28403 Heavy marine ships make use of diesel engines to burn marine fuel oil (MFO) and heavy fuel oil (HFO) as these fuels are inexpensive. When these ships burn MF...
Read more