The global ethanolamines market has been driven by the range of its application in various sectors such as detergents, chemical intermediates, herbicides, and others. Moreover, it is estimated that the detergents segment is set to witness the highest growth in the market due to its growing demand in various end-user applications over the forecast period.
Global Key Players and Competition Analysis
Some of the prominent players operating in the global ethanolamines market are BASF SE (Germany), The Dow Chemical Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Huntsman Corporation LLC (U.S.), LyondellBasell Industries Holdings B.V. (U.S.), Sintez OKA Group of Companies (Russia), INEOS (U.K.), SABIC (Saudi Arabia), Jiaxing Jinyan Chemical Co. Ltd. (China) and China Petroleum & Chemical Corporation (China) among others.
The global ethanolamines market is segregated into the product and application segments. The market by type is classified into monoethanolamine, diethanolamines, and triethanolamines segments. The market by application segment is bifurcated into detergents, chemical intermediates, herbicides, metal cleaning, gas treatment, cement, personal care, textiles, and others.
The North America region is growing significantly in the market due to the presence of high standard of living and increasing production of cosmetic products. The Ethanolamines Market
is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for the diethanolamines in detergents, chemical intermediates, herbicides, metal cleaning, and others.
The improving standard of living and growing demand for the product are the important factors which are influencing the market positively. Among the various segments of the market, triethanolamines sub-segment holds a major portion due to growing consumption of the product in numerous end-uses such as fragrances, hair care products, hair dyes, wave sets, shaving products, sunscreens, and others. Therefore, the growing demand for the product from chemical intermediates, herbicides, cement, textiles, and others is estimated to drive the market on significant rate due to rising agricultural activities and cleaning purposes in end-use industries.
January 17, 2018 Market Research Future published a half-cooked research report on Ethanolamines Market
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