Global Ethyleneamines Market– Market Size & Forecast To 2032

Global Ethyleneamines Market– Market Size & Forecast To 2032

The Ethyleneamines Market is estimated at USD 2.95 billion in 2023, which is projected to grow at a CAGR of 5.87% during the forecast period.

The growth in the end use industries like agriculture, automotive, textile and others is driving the market during the forecast period. Furthermore, growing research & development investments and technological advancements to improve the properties and make it eco-friendly is also supporting the market growth during the forecast period.

Ethyleneamines are chemicals with ethylene linkage between amino groups. These amino groups are primary or secondary which can be reacted with many chemicals to produce wide range of chemical products. They are produced commercially using monoethanolamine (MEA)/ reductive amination (RA) process or ethylene dichloride process. Ethyleneamines are colorless, fishy amino smell with low viscosity liquid and some are solid at roomtemperature also. The growth of ethyleneamine is due to the high demand in various end use industries which is driving the market.

Ethyleneamines are used in the production of various chemicals for home and personal care products.

Ethylenediamine acts as a bleach activiatorin powdered detergent compositions. Also, they are an essential ingredient in mild detergents like babycare, shampoo or shower gel. They are also used as several types of chelating agents like EDTA (ethylenediaminetetraaceticacid) or DPTA (diethylenetriaminepentaaceticacid). These chelating agents are used in several industry fields mainly for water softening.

In automotive industry, major use of ethyleneamines is in the manufacturing of lubricant and fuel additives. Ashless dispersants are used in engine oils to reduce sludge and varnish deposits caused by the low-speed of motor vehicles.

Furthermore, Diethylenetriamine-based polyamines are widely used as wet-strength additives for paper. These resins enable a wet strength performance as needed for use in wet conditions. Applications include tissues or packaging boards. Thus, these factors will support the market to grow during the forecast period.

The ethyleneamines market is segmented based on product, product by application, end use, and region.

Based on the product, the market is divided into ethylenediamine, diethyleneamine, triethylenetetramine and others. Ethylenediamine is expected to have the significant share in the market during the forecast period. It is major derivative of ethyleneamines and is clear and colorless product. Applications of ethylenediamines include chealating agents, resins, agriculture chemicals, rubber chmicals and others. Thus, growing demand from these applications will contribute to the market growth during the projected period.

Applications of Ethylenediamine includes bleach activators, corrosion inhibitors, chelating agents, elastomeric fibers, fungicides, lube oil & fuel additioves, rubber processing additives, poylamide resins, textile additives, urethane chemicals and others. Diethylenetriamine applications includes asphalt additives, chelating agents, corrosion inhibitors, lube oil & fuel additives, urethane chemicals, epoxy curing agents, surfactants, wet strength resins and others. Triethylenetetramine applications include bleach activators, chelating agents, corrosion inhibitors, fungicides, lube oil & fuel additives, polyamide resins, rubber processing additives, textile additives, urethane chemicals and others.

Based on end use, the market is divided into agriculture, textile, automotive, oil & gas, pharmaceuticals, personal & home care and others. The agriculture is expected to have the significant share in the market during the forecast period. The growth of agriculture sector has increased the usage of agrochemicals market. This in result, has driven the growth of ethyleneamines market. Ethyleneamines are used in agrochemicals like fungicides which will boost the market growth.

Based on region, the Ethyleneamines market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Asia Pacific is expected to witness the strong growth in the market during the forecast period. This is due to the growing end use industries like agriculture and automotive industry. Furthermore, presence of emerging countries like China, Japan and India will boost the market growth. Also, China is among the countries with large automobile industry and hence will contribute to the market growth during the projected period.

The competitive scenario highlights the performance of major companies operating in this market. This includes the detailed profiling of major companies and their competitive benchmarking. Product profiling provides key information including products/solutions offered, key developments, company performances, and strategies adopted in recent years. Major companies profiled in the market include BASF SE, Nouryon, Aminant, The Dow Chemical Company and others.