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市場調査レポート
商品コード
1064592
エタノールアミンの世界市場(2022年~2029年)Global Ethanolamines Market - 2022-2029 |
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エタノールアミンの世界市場(2022年~2029年) |
出版日: 2022年03月11日
発行: DataM Intelligence
ページ情報: 英文 219 Pages
納期: 約2営業日
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当レポートでは、世界のエタノールアミン市場について調査分析し、市場力学、業界分析、市場分析、競合情勢など、体系的な情報を提供しています。
The global ethanolamines market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.
Ethanolamines are high-class intermediates with distinct reactivity and solvent characteristics, making them useful in a wide range of applications. Ethanolamines can freeze at room temperature. Ethanolamines are widely used in various applications, including surfactants for detergents and cleaning products, process chemicals for gas treatment, manufacture crop protection agents and wood protectants, lubricants and cement additives and active pharmaceutical ingredients.
The growing demand for agrochemicals, which is one of ethanolamines' major applications, is expected to drive the market. However, the toxic effects of ethanolamine on health are likely to restraint the market.
The growing demand for agrochemicals which is one of the major applications of ethanolamines
Agrochemicals are essential components of modern agriculture, as they enable farmers to improve soil nutrients, control pests, boost growth and avoid fungus damage. Agrochemicals are used in all aspects of agriculture, from commercial planting to dairy farming and subsistence to industrial agriculture.
Agricultural intensification has occurred in recent decades due to rising food demand caused by the rapid rise of the human population. Plant-based foods are the most popular dietary trend in western countries, including UK, U.S. and Canada. Furthermore, Africa's agricultural market is one of the world's largest, with agriculture accounting for roughly 23% of Sub-Saharan Africa's GDP. There is still a lot of capacity and demand for agricultural products across the continent, which presents a big potential for agrochemical companies.
According to industry analysts, the agrochemical sector will increase by 12% in the next few years as more customers emphasize health, well-being and sustainability. As a result of the rising demand for agrochemicals, ethanolamine manufacturers have raised their prices to keep up the demand. For instance, in 2017, BASF raised their European sales pricing for all types of ethanolamines (EOA) by US$ 135 per metric ton.
The toxic effects of ethanolamine on health are likely to restraint the market
Ethanolamine is an acidic substance that can irritate and burn the skin and eyes, causing damage to the eyes. Ethanolamine can also irritate the lungs and throat, producing coughing and shortness of breath. As a result, ethanolamine is on OSHA's hazardous substance list and noted by the DOT, ACGIH, NIOSH and NFPA.
Furthermore, the European Commission has banned DEA in cosmetics due to concerns about the production of carcinogenic nitrosamines. Any substance that is designated as a carcinogen is capable of producing cancer in live tissue. Furthermore, research has connected long-term and frequent use of MEA, DEA and TEA-containing goods to liver tumors, leading to organ system damage and increased cancer risk.
COVID-19 has impacted the chemicals sector, as it has on other industries. As a petrochemical, methanolamine is strongly reliant on the oil and gas industries. The oil, gas and chemicals industries experienced an unexpected turn in the first quarter of 2020. The industry felt the dual consequences of the COVID-19-related economic slowdown and the oil price fall.
The disaster exacerbated an oversupply scenario for certain chemical companies. The economic downturn lowered demand in both domestic and international markets. Furthermore, due to their reliance on local ethane, U.S. petrochemical businesses' feedstock cost advantage has eroded, potentially rendering their goods less competitive in an ever-difficult market.
Based on application, the global ethanolamine market is segmented into agrochemical, gas treatment, household cleaning, paraffin and wax and others.
Natural gas must be sweetened or treated before end-users can use it. Water, hydrogen sulfide (H2S) and carbon dioxide (CO2) must be eliminated. Gas sweetening methods are constantly being improved in terms of efficiency and cost. Recent research has focused on adsorption and absorption approaches, such as wet absorption and dry adsorption. A single chemical solvent, such as monoethanolamine (MEA), diethanolamine (DEA) or methyl diethanolamine (MDEA), is used in the technique.
In general, DEA is less reactive than MEA. Refinery gas streams, for example, can be successfully treated with significant volumes of COS and carbon disulfide (CS2). Resistance to COS and CS2 degradation and a low solvent vapor pressure results in possibly lower solvent losses, a less corrosive character and a lower solvent cost when compared to MEA.
Over the last decade, MDEA solvents have gained significant market share. MDEA's commercial success stems from its capacity to selectively remove H2S from a gas stream containing CO2 and H2S while slipping a large amount of CO2.
The global ethanolamines market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography.
Asia-Pacific has a significant share of the global ethanolamine market, with China and India consuming the most. In terms of GDP, China is the world's largest economy. Due to increased population, living standards and per-capita income, China is one of the world's fastest-growing economies, with practically all end-user industries expanding.
Ethanolamines are used in various industries, such as gas treatment, cement grinding, medicines, agricultural and personal care products. Furthermore, ethanolamines are frequently utilized in the construction industry, including cutting fluids, concrete setting accelerators, corrosion inhibitors and asphalt chemicals. Henceforth, the region's growing building & construction sector is expected to drive the market.
The global ethanolamines market is extremely competitive and fragmented due to several multinational companies. Major players in the market include Sintez OKA Group of Companies, Merck KGaA, BASF SE, Oxiteno, Dow, Nouryon, SABIC, HUNTSMAN CORPORATION, Jay Dinesh Chemicals, Thai Ethanolamines Co., Ltd among others. The major players in the market are known to incorporate numerous market strategies to achieve growth in the global ethanolamines market; these include mergers, acquisitions, product launches, contributions and collaborations.
BASF SE
Overview: BASF SE is a Germany-based multinational company specializing in manufacturing and supplying chemicals. The company operates six (6) incorporated production sites and 390 other production sites in Europe, America, Asia-Pacific and Africa. In addition, it is headquartered in Ludwigshafen, Germany.
Product Portfolio: BASF SE manufactures ethanolamines for various applications, including agrochemicals, cosmetic and gas treatment.
The global ethanolamines market report would provide approximately 77 tables, 77 figures and almost 219 pages.
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