Global N-Methyldiethanolamine Market to Reach $989.5 Million by 2030
The global market for N-Methyldiethanolamine estimated at US$714.4 Million in the year 2023, is expected to reach US$989.5 Million by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Oil & GasEnd-Use, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$496.1 Million by the end of the analysis period. Growth in the Textile End-Use segment is estimated at 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $190.1 Million, While China is Forecast to Grow at 7.2% CAGR
The N-Methyldiethanolamine market in the U.S. is estimated at US$190.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$214.7 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$137.6 Million by the year 2030.
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