Ethanolamines Market, By Product Type (Monoethanolamines, Diethanolamines, Triethanolamines), By Application (Surfactants, Chemical Intermediates, Herbicides, Gas Treatment, Metal Treatment, Textile, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2024

Code : CMI378

Pages :206

Formats :

Excel and PDF

Industry : Bulk Chemicals

Regional Analysis

Market Regional Insights:

Asia Pacific held the largest share of over 40.0% in 2023. The significant growth of gas treatment processes, along with swiftly rising demand from the cleaning products industry, is the key factor boosting market growth in the region. The competitive business is bringing more opportunities owing to hot melt adhesives vast application, which helps propel the product demand.
North America is estimated to register a CAGR of 5.0 %, in terms of revenue from 2024 to 2031. The manufacturing sector in the region is anticipated to be the key factor for the market growth owing to the presence of some of the largest ethanolamines manufacturers, including Huntsman Corporation.
Europe is predicted to witness steady growth across the forecast period. Increasing usage in personal care products across developed countries in Western Europe, including Italy, the U.K., Germany, France, and Spain, will positively influence market growth in the region.

Figure 1. Global Ethanolamines Market Share (%), By Region, 2024