N-Methyl Diethanolamine (MDEA) MarketChallenges and Opportunities

N-Methyl Diethanolamine (MDEA) Market, By Product Type (MDEA 95%, MDEA 97%, MDEA 99%, and Others), By Application (Gas Treatment, Analgesics, Epoxy Curing Agents, Fabric Treatment, and Others), By End User (Oil & Gas, Textile, Paint & Coatings, Medical & Pharmaceutical, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Mar 2023

Code : CMI2695

Pages :211

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Challenges And Opportunities

Global N-Methyl Diethanolamine (MDEA) Market – Drivers

Growing Demand from the Pharmaceutical Industry

N-Methyl Diethanolamine MDEA is used in the production of various pharmaceutical products, including anti-malarial drugs. The increasing demand for these drugs due to the rising prevalence of malaria in some regions is driving the growth of the MDEA market. For instance, MDEA is used in the synthesis of several anti-cancer drugs such as dasatinib, which is used to treat chronic myeloid leukemia (CML) and acute lymphoblastic Leukemia (ALL).

Increasing Demand for Natural Gas

N-Methyl Diethanolamine MDEA is used in gas sweetening, which is the process of removing impurities such as carbon dioxide and hydrogen sulphide from natural gas. The growing demand for natural gas for power generation and industrial use is driving the factor growth of the MDEA market. For instance, according to the International Energy Agency (IEA), global natural gas demand is expected to increase by 1.7% per year from 2020 to 2025.

Stringent Environmental Regulations

The increasing focus on reducing greenhouse gas emissions and the adoption of clean energy sources is driving the growth of N-Methyl Diethanolamine MDEA market. For instance, MDEA is used in carbon capture and storage (CCS) technology, which helps to reduce carbon dioxide emissions from industrial processes.

Global N-Methyl Diethanolamine (MDEA) Market – Restraints

Fluctuations in Oil and Gas Prices

The demand for MDEA is largely driven by the oil and gas industry, where it is used for gas sweetening. When oil and gas prices are low, demand for MDEA can decrease as oil and gas companies reduce their operations and investments. For instance, the COVID-19 pandemic led to a significant drop in oil prices, which impacted the demand for MDEA. This factor may hinder the growth of the global Global N-Methyl Diethanolamine (MDEA) Market in forecast period.