Diethanolamine Market by Grade (Reagent Grade, Technical Grade), Application (Agriculture, Home Care, Personal Care & Cosmetics) - Global Forecast 2024-2030

Diethanolamine Market by Grade (Reagent Grade, Technical Grade), Application (Agriculture, Home Care, Personal Care & Cosmetics) - Global Forecast 2024-2030

The Diethanolamine Market size was estimated at USD 12.51 billion in 2023 and expected to reach USD 13.10 billion in 2024, at a CAGR 4.82% to reach USD 17.41 billion by 2030.

Diethanolamine (DEA) is a colorless, viscous, and organic compound with the formula HN(CH2CH2OH)2 that is miscible with water, alcohol, and benzene. Diethanolamine belongs to the group of ethanolamines, which are amines with one amino group attached to a hydroxyethyl group. DEA is produced by the reaction of ethylene oxide with aqueous ammonia, and it serves as a pivotal intermediate in the synthesis of a variety of chemical products. The diethanolamine (DEA) market is primarily driven by its vast applications across diverse industries, such as the manufacture of detergents, cosmetics, and pharmaceuticals. The rising demand for personal care products and detergents, particularly in emerging economies, significantly contributes to the growth of the DEA market. However, the environmental and health concerns related to the usage of diethanolamine hinder market growth. Despite these challenges, the development of biodegradable and less toxic DEA alternatives can cater to the growing consumer demand for eco-friendly products. Additionally, expanding applications in emerging technological hubs such as agrochemicals offer new opportunities for DEA manufacturers. The exploration into novel uses, such as in carbon capture and storage technologies, also presents a potentially lucrative market segment, leveraging DEA's gas absorption properties.

Regional Insights

In the Americas, the diethanolamine market has been experiencing moderate growth, driven primarily by the United States. The demand in the U.S. is largely fueled by its extensive use in the production of detergents and personal care products. The region also shows promising growth potential, attributed to the expanding industrial and agricultural activities that demand the chemical for various applications. In the EMEA region, stringent environmental regulations by the European Union have led to the development of bio-based and eco-friendly alternatives, influencing the market dynamics significantly. The Middle East is expected to showcase substantial growth owing to its expanding petrochemical sector, whereas Africa's market is still in a nascent stage, with gradual growth anticipated in the forecast period. Asia-Pacific is anticipated to be the fastest-growing market, with China, India, and Japan being the primary contributors. The region's market is propelled by rapid industrialization, growth in manufacturing sectors, and increased demand for personal care and cleaning products.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Diethanolamine Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising demand for personal and home care products
Increasing investments in the production of pharmaceuticals

Market Restraints

Fluctuating costs of raw materials required for diethanolamine

Market Opportunities

Potential of diethanolamine in carbon capture technologies
Growing application of DEA in the agricultural sector

Market Challenges

Health and environmental concerns associated with diethanolamine

Market Segmentation Analysis

Grade: Higher demand for reagent grade diethanolamine in pharmaceuticals and scientific research
Application: Growing adoption of diethanolamine in pharmaceutical industry as an emulsifying agent

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Diethanolamine Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Diethanolamine Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Albaugh Launched the Herbicide Exemplo (2,4 Drops of Methylammonium Salt + Diethanolamine Salt) in Brazil

Albaugh, a North American agricultural chemical entity, has introduced its Exemplo LV herbicide in the Brazilian market. This advanced formula uniquely combines 2,4-D dimethyl salt and diethanolamine salt into a soluble (SL) concoction, distinguished by its selective post-bud emergence effectiveness and enhanced with special additives to significantly reduce volatility. Tailored to target a range of pervasive weeds such as morning glory, amaranth, and balsamia, Exemplo LV stands out for its indispensable role in safeguarding soybean and corn yields.

Nippon Shokubai Acquired ISCC PLUS Certification for Various Products, Including Acrylic Acid, Superabsorbent Polymers, and Ethylene Oxide

Nippon Shokubai Co., Ltd. has acquired ISCC PLUS certification for an array of 19 products, which comprises acrylic acid, superabsorbent polymers (SAP), ethanolamine monoethanolamine, and ethylene oxide, produced at both its Himeji and Kawasaki Plants. This prestigious certification underscores the company's dedicated effort to manufacturing and distributing products derived from biomass using the mass balance method, thus significantly lowering their environmental footprint.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Diethanolamine Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Diethanolamine Market, highlighting leading vendors and their innovative profiles. These include Arihant Solvents and Chemicals, Ataman Kimya A.S., BASF SE, BeanTown Chemical, Inc., Carl Roth GmbH + Co. KG, F. Hoffmann-La Roche Ltd., HELM AG, Henan GP Chemicals Co.,Ltd., Loba Chemie Pvt. Ltd., Merck KGaA, Molekula Group, Nouryon Chemicals Holding B.V., Otto Chemie Pvt Ltd, Procurenet Limited, PTT Global Chemical Public Company Limited, Redox Ltd, Saudi Basic Industries Corporation, Spectrum Chemical Mfg. Corp., SUPRA SCIENCES, INC., The Dow Chemical Company, Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd., Vizag Chemical International, VWR International, LLC by Avantor, Inc., and Zhengzhou Meiya Chemical Products Co.,Ltd..

Market Segmentation & Coverage

This research report categorizes the Diethanolamine Market to forecast the revenues and analyze trends in each of the following sub-markets:

Grade
Reagent Grade
Technical Grade
Application
Agriculture
Home Care
Personal Care & Cosmetics
Pharmaceuticals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

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