Globally, the Asia-Pacific (APAC) ethanolamines market will be very prosperous in the coming years, because of the huge investments being made in the regional countries such as South Korea, Indonesia, and India by the leading chemical manufacturing companies and the rising disposable income of the people living in these emerging economies. Additionally, the growing public awareness of hygiene is causing a sharp rise in the sales of washing products which is subsequently propelling the requirement for ethanolamines in this region.

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Ethanolamines Market
is Expected to Reach
$5,079.0 Million by 2030

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Owing to the rising demand for surfactants, the global ethanolamines market
is predicted to grow from $2,933.5 million in 2019 to $5,079.0 million by 2030, at
a 5.0% CAGR between 2020 and 2030. With the increase in the disposable income
of people living in the Latin American (LATAM) and Asia-Pacific (APAC) regions,
coupled with the rising awareness among them about personal hygiene, the
demand for detergents and soaps is rising.
Due to this factor, the ethanolamines market is prospering, as surfactants are an
important ingredient of soaps and detergents. The consumption of ethanolamines
as surfactants, in such fast-moving consumer goods (FMCG), is increasing on
account of their ability to disperse foreign particles from surfaces. Additionally,
ethanolamines form sufficient froth when they come in contact with lauryl
sulphate, neutralize fatty acids, are alkaline in nature, and form base surfactants
in shampoos.
The COVID-19 pandemic has slowed down the growth of the ethanolamines
market, as the operations at downstream product manufacturing plants, especially
in China, have stopped. Similarly, the market in Europe has also suffered, due to
the curtailed output of ethanolamine-containing products from U.S. plants.
Ethanolamines Market Segmentation Analysis
In the years to come, the diethanolamine (DEA) category, on the basis of type,
would grow with the highest CAGR in the ethanolamines market, of 6.2%, in terms
of value. This would be a result of the wide usage of this compound as an
ingredient in soaps and detergents and in treating natural gas and crude oil and
producing glyphosate. In addition, the consumption of surfactants and herbicides
is expected to increase in APAC and North America, where these products are also
more expensive than in other regions.
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analysis/ethanolamine-market
The surfactants division, based on application, held the largest share in the
ethanolamines market during 2015–2019, and the situation is predicted to remain
unchanged throughout this decade. When used as a surfactant, ethanolamines
display an emulsifying character, which is why their usage is increasing in the
production of gel-type cleaners, industrial detergents, body lotions, shaving
creams, soap bars, and shampoos.
Till 2019, APAC dominated the ethanolamines market, and it is also expected to
witness the fastest industry growth in the near future, owing to huge import
volumes. China imported almost one-fourth of the ethanolamines it consumed in
2019, which amounted to around 168.4 kilotons, from Saudi Arabian and Thai
manufacturers. Further, the high ethanolamine processing volume and increasing

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demand for chemicals and metalworking fluids from several end-use sectors will
continue to drive the market growth in the region.
Working Together Being Seen as Definitive Growth Strategy
In order to grow in the ethanolamines market, companies offering the compound
and its derivatives are merging, partnering, and collaborating with or acquiring
each other.
For instance, in November 2019, Baker Hughes signed an agreement with Sadara
Chemical Company to receive feedstock chemicals from the latter company for its
PlasChem Park, Saudi Arabia chemical plant. Under the agreement, Baker Hughes
will receive propylene oxide and ethylene oxide (a key raw material for producing
ethanolamines) over a 20-year period, via pipelines.
In the same vein, in January 2019, INEOS Group Holdings S.A. acquired the Lavera
ethoxylation production assets and employees of Wilmar France Holdings S.A.S.,
a subsidiary of the Singapore-based Wilmar International Ltd. As part of the deal,
a toll manufacturing agreement was also signed, for Wilmar to secure a supply of
surfactant products manufactured at the European ethoxylation plants of INEOS
Group Holdings S.A.
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market/report-sample
The key players functioning in the global ethanolamines market are Nouryon,
BASF SE, LyondellBasell Industries N.V., The Dow Chemical Company, INEOS
Group Holdings S.A., Huntsman Corporation, Mitsui Chemicals Inc., KPX Green
Chemical, Oriental Union Chemical Corporation, Nippon Shokubai Co. Ltd.,
PETRONAS, Oxiteno, Sadara Chemical Company, Sintez OKA, Saudi Kayan
Petrochemical Company, Sasol Limited, and Sinopec Group.
Ethanolamines Market Size Breakdown by Segment
By Type
• Monoethanolamine (MEA)
• Diethanolamine (DEA)
• Triethanolamine (TEA)
By Application
• Herbicides
• Surfactants
• Chemicals

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• Gas Treatment
• Cement
• Others
By Geography
• North America Ethanolamines Market
o By type
o By application
o By country – U.S. and Canada
• Europe Ethanolamines Market
o By type
o By application
o By country – Germany, Sweden, Belgium, Russia, France, Spain, U.K., and Rest of
Europe
• Asia-Pacific (APAC) Ethanolamines Market
o By type
o By application
o By country –China, Japan, India, South Korea, and Rest of APAC
• RoW (Rest of the World) Ethanolamines Market
o By type
o By application
o By country – Brazil, Saudi Arabia, Mexico, and Others

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