Ethyleneamines Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Report ID: GMI2388
Global Ethyleneamines Market size may witness significant gains over forecast period owing to positive application scope in automotive, paper, agriculture, textile and adhesives industries. High investments by manufacturers for technology modifications and development of new product to meet the consumer demands will propel industry growth.
It is a colorless organic compound which is commercially produced from ammonia, caustic soda, and ethylenedichloride (EDC). Ethylenediamine and diethylenetriamine are the major byproducts of the ethyleneamines used in wide range of applications as reactive intermediates to produce other useful chemicals.
Strong application outlook in automotive industry as fuel and lube oil additive will stimulate ethyleneamines market size. It is primarily used to decrease the development of varnish and sludge deposits inside internal combustion engines by solubilizing oil-insoluble liquids, by hindering the aggregation of particles, and by neutralizing acidic species established in the combustion process. Global demand for internal combustion engine was valued at over USD 166.9 billion in 2016 and may surpass USD 208.3 billion by 2020, registering over 5.7% growth.
Increased product usage in agriculture industry owing to their wide range of application in fungicides, algaecide and molluscide products will trigger market growth in forecast timeframe. Apart from this rise in demand for triisopropanolamine as a neutralizing agent in agricultural products will propel ethyleneamines industry growth.
Rise in demand for ethyleneamines in personal care industry may propel the market growth over the forecast timeframe. It is widely used in various personal care products such as shampoos, cosmetic creams, hand lotion, cleansing creams, and shaving creams. Positive application scope in highly concentrated liquid laundry detergents as a bleach activator is also expected to boost the product demand.
Ethyleneamines finds strong application scope in coating industry as a wet-adhesion promoter for latex paints. It is also used as a derivative to improve latex paint surfaces adhesion under damp conditions.
Diethylenetriamine may witness strong gains due to strong application in paper industry. It is widely used to contribute wet-strength properties to various types of paper. Paper so treated is used in packaging for milk and other food items, tissue and toweling products, as well as photographic paper, filter papers, and various non-woven products.
Ethylenediamine is an organic compound which is widely used as a building blocks in chemical synthesis. Rise in demand for ethylenediamine in various applications such as bleach activators, fuel additives, chelating agents and corrosion inhibitors may boost the overall product demand.
Rise in demand for triethylenetetramine in textile industry for various application such as durable press, static prevention, mothproofing, light stabilization, and shrinkproofing wool play a vital role in ethyleneamines market growth.
Fluctuating raw material prices along with stringent regulations led by EU commission pertaining to hazardous nature this chemical may limit industry profitability thereby affecting ethyleneamines market price trend. However, high R&D spending to formulate novel products and develop new technologies may positively favor industry growth.
North America led by U.S. ethyleneamines market may witness significant growth by increasing application scope in automotive and pharmaceutical sector. Growing adoption of ethyleneamines in pharmaceutical industry as a raw material for production of antibiotics, antimalarials, local anesthetics, antihistamines, muscle relaxant, and antidepressants may drive regional industry growth. Rise in demand for product in asphalt additive market is also expected to boost the overall market growth in the region.
Asia Pacific led by China, India and Japan ethyleneamines market should witness significant growth owing to presence of key players engaged in capacity expansion in this region. Positive outlook towards automotive, agriculture, adhesives and paper industries may promote regional product demand. Rise in demand for chelating agents in water treatment industry is also expected to boost the overall market in this region.
Europe driven by France, UK and Germany stainless steel market may witness high growth owing to positive application outlook in automotive industry. Stringent regulations from European commission for reducing particulate emissions is expected to fuel the growth of global ethyleneamines market.
Manufactures are focusing towards development of new technology to expand their amines product offering. In September 2017, AkzoNobel N.V. has introduced a novel technology platform to produce ethyleneamines. This will help the company enhance their product portfolio and to reduce the overall raw material consumption per ton of product, by providing sustainability profile and improved cost as compared to existing processes.
Global Ethyleneamines market share is moderately consolidated and competitive with major industry players include The Dow Chemical Company, Tosoh Corporation, Delamine B.V., Huntsman Corporation, Diamines & Chemicals Limited, Akzo Nobel N.V., and BASF S.E. Companies are focusing on merger and acquisitions with local & regional companies to open new market opportunities this will further boost ethyleneamines industry growth.
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