In 2015, the global opportunity in the ethanolamines market stood at US$2.8 bn, which is set to cross US$4 bn by the end of the forecast period.
Albany, NY -- (SBWIRE) -- 08/26/2016 -- Ethanolamines are organic amino alcohol manufactured by the reaction between ethylene oxide and ammonia. Three types of ethanolamines are produced commercially – monoethanolamines (MEA), diethanolamines (DEA), and triethanolamines (TEA). Production of MEA, DEA, and TEA depends on the number of ethylene oxide molecules reacting with single molecule of ammonia. Chemical properties of ethanolamines combine properties of both amines and alcohols. Thus, the versatile chemical features of ethanolamines enable its usage in applications such as surfactants, chemical intermediates, herbicides, gas treatment, and cement. Asia Pacific has been dominating the ethanolamines market in terms of demand, followed by North America and Europe, since the past few years. Asia Pacific is expected to experience growing demand for ethanolamines during the forecast period.
The report estimates and forecasts the ethanolamines market on the global, regional, and country level. The study provides forecast from 2016 to 2024 based on volume (kilo tons) and revenue (US$ Mn). The report comprises an exhaustive value chain analysis, which provides a comprehensive view of the market. The value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints of the ethanolamines market along with their impact on demand during the forecast period. The report analyzes opportunities in the ethanolamines market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.
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The report includes Porter's Five Forces Model to determine the degree of competition in the ethanolamines market. A qualitative write-up on market attractiveness analysis, wherein applications and countries have been analyzed based on attractiveness is included. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report includes price trend analysis for ethanolamines from 2015 to 2024.
The study provides a comprehensive view of the ethanolamines market by dividing it into product segments that include monoethanolamines (MEA), diethanolamines (DEA), and triethanolamines (TEA). In terms of application, the ethanolamines market has been segmented into surfactants, chemical intermediates, herbicides, gas treatment, cement, and others. Product segments and application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn).
Regional segmentation includes the current and forecast demand for ethanolamines in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., Germany, Italy, the U.K., France, Spain, China, Japan, Brazil, and South Africa have been included in the study. Market segmentation includes demand for individual applications in all the regions and countries.
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The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include The Dow Chemical Company, INEOS Group Ltd., SABIC, LyondellBasell Industries N.V., and Huntsman Corporation. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players' product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team's expertise and market understanding.
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