N-METHYL DIETHANOLAMINE (MDEA) MARKET ANALYSIS
The global N-methyl diethanolamine (MDEA) market was valued at US$ 635.7 Mn in 2022 and is expected to register a CAGR of 5.65% in terms of revenue over the forecast period (2023-2030), to reach US$ 987.1 Mn by 2030.
The N-Methyl Diethanolamine (MDEA) market is projected to grow substantially over the forecast period attributed to increasing demand for carbon capture and sequestration (CCS) coupled with growing demand for MDEA from the oil & gas industry. Greenhouse gas (GHG) emission is increasing globally, owing to increasing urbanization.
*Market Size: US$ 635.7 Mn in 2022
*Forecast Period: 2023 to 2030
*CAGR: 5.65%
*2022 Value Projection of US$ 987.1 Mn
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