Global Ethanolamine Market Report and Forecast 2023-2028

Global Ethanolamine Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global ethanolamine market is projected to grow at a CAGR of 6.4% between 2023 and 2028. Aided by the increasing demand for ethanolamine in diverse applications, such as surfactants, chemical intermediates, and agricultural chemicals, the market is expected to grow significantly by 2028.

Ethanolamine, also known as monoethanolamine (MEA), is a versatile organic chemical compound. It is a primary amine and a primary alcohol, making it a valuable ingredient in the production of a wide array of industrial chemicals, including detergents, emulsifiers, and pharmaceuticals.

Ethanolamine’s utility spans across various industries which is bolstering the ethanolamine market demand. In the cleaning sector, it is a core component of surfactants found in laundry detergents and dishwashing liquids. As an emulsifying agent, it is extensively used in cosmetics and personal care products, where it helps in the stabilisation of oil and water mixtures. Its function as a chemical intermediate is notable in the production of emulsifiers and demulsifiers in the textile sector, as well as corrosion inhibitors in antifreeze fluids.

Furthermore, ethanolamine is indispensable in the agricultural sector, where it is used to produce herbicides and other agrochemicals. As global demand for food rises in line with a growing global population, agrochemicals that enhance crop yields will likely see increased demand, thereby indirectly driving the ethanolamine market growth.

One of the key growth drivers for the ethanolamine market is its escalating demand in the production of surfactants, which are integral in various consumer products. As living standards rise globally, particularly in emerging economies, demand for these consumer products is expected to grow, thereby fuelling the market expansion.

Moreover, the surge in the demand for personal care products and cosmetics, particularly in developing regions where consumer spending is on the rise, has driven significant growth in the ethanolamine market. The compound's emulsifying properties are essential in the formulation of lotions, creams, and other skincare products, which are seeing robust sales in line with a global trend towards self-care and wellness.

Asia Pacific accounts for a significant portion of the ethanolamine market share, driven by a booming industrial sector and a growing middle class with increasing purchasing power. China and India are significant players in this region, owing to their expansive agricultural and industrial sectors.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application
  • Detergents & Personal Care
  • Pesticides
  • Gas Purification
  • Cement
  • Wood Preservation
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ethanolamine market. Some of the major players explored in the report by Expert Market Research are as follows:
  • BASF SE
  • The Dow Chemical Company
  • INEOS AG
  • Nouryon Chemicals Holding B.V.
  • Saudi Kayan Petrochemical Company SJSC
  • Nippon Shokubai Co., Ltd.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Ethanolamine Market Analysis
8.1 Key Industry Highlights
8.2 Global Ethanolamine Historical Market (2018-2022)
8.3 Global Ethanolamine Market Forecast (2023-2028)
8.4 Global Ethanolamine Market by Application
8.4.1 Detergents & Personal Care
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Pesticides
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Gas Purification
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Cement
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Wood Preservation
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Ethanolamine Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code- 292211, 292212, 292213, 292215)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 BASF SE
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Dow Chemical Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 INEOS AG
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Nouryon Chemicals Holding B.V.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Saudi Kayan Petrochemical Company SJSC
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Nippon Shokubai Co., Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Ethanolamine Market: Key Industry Highlights, 2018 and 2028
2. Global Ethanolamine Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Ethanolamine Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Ethanolamine Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Ethanolamine Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Ethanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Ethanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Ethanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Ethanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Ethanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Ethanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Ethanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Ethanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Ethanolamine Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Ethanolamine Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Major Importing Countries by Volume (2021)
17. Major Exporting Countries by Volume (2021)
18. Major Importing Countries by Value (2021)
19. Major Exporting Countries by Value (2021)
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Ethanolamine Market Structure

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