Albany, NY -- (SBWire) -- 06/11/2015 --Ethanolamines (ETA) are a group of compounds such as carbinoxamine, clemastine, dimenhydrinate, diphenhydramine, and doxylamine that act both as primary amines as well as primary alcohols since they comprise of a hydroxyl group in their chemical structure. ETA are corrosive, colorless, flammable, viscous, and toxic liquids used in solutions and dispersions to scrub acids, as feedstock material in the manufacture of detergents, emulsification agents, varnishes & polishes, and as other chemical intermediaries.
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China and United States are expected to lead the market in global consumption generating the largest revenues. The major industry segments where ETA are used are herbicides, personal care industry, textiles, detergents, agrochemicals, gas treatment, metal cleaning, and wood preservatives. Herbicides are expected to lead the industry segments in consumption of ETA by 2018 followed by detergents, personal care, and metal cleaning.
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The primary drivers of the ethanolamines market are the increasing demand in the herbicides, detergent, and personal care industries. Along with this, low cost of production, ever-rising demand in the developing economies of Asia-Pacific and Europe are major factors resulting in growing sales and revenues in the ETA market. The main factors holding back the ETA market are volatility in the prices of raw materials, time-consuming manufacturing processes that are still in use, regulations governing handling and transport of ethanolamines, most of which are classified as health and environment hazards.
Some of the companies in the ethanolamines manufacturing market are BASF, Dow Chemical Corporation, INEOS Oxide Ltd., Huntsman, AkzoNobel, and Sinopec.
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Ethanolamines Market Segment Forecast Up to 2018
Transparency Market Research Report Added "Ethanolamines Market" to its database.