Global Ethyleneamines Market Share Is Expected To Grow At A CAGR Of 5.1% By 2028

12-Sep-2022 | Facts and Factors

According to Facts and Factors, the global ethyleneamines market size was worth around USD 1.8 billion in 2021 and is predicted to grow to around USD 2.5 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.1% between 2022 and 2028.

Ethyleneamines are organic substances composed of ethylene and amine groups. The amine groups are used to connect the ethylene. These amine compounds typically have a fishy amine smell, are colorless, and have low viscosity. Either monethanolamine or ethylene dichloride reacts with ammonia to create ethyleneamines. Ethyleneamines are employed in epoxy resin as a curing agent and as chemical building blocks.

Browse the full “Ethyleneamines Market Size, Share, Growth Analysis Report By Type (Ethylenediamine and Heavy Ethyleneamines), By Industry Vertical (Personal Care, Pulp & Paper, Adhesives, Paints & Coatings, Agro Chemicals, Automotive, Pharmaceutical, Oil & Gas, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/ethyleneamines-market

Ethyleneamines can be used to change the characteristics of a wide range of chemical products. This comprises properties like softness, hardness, flexibility, adhesive properties, and others, leading to its application in the production of goods like cosmetics, medications, adhesives, detergents, and others. In addition to these, ethylenediamine is a crucial raw ingredient in the agrochemicals sector. The demand for ethyleneamines is anticipated to be driven by the overall increase in the usage of chemicals in the manufacturing of a variety of common products.

Among the factors that may the global ethyleneamines impede market expansion over the projection period are the high cost of raw materials and strict laws and regulations addressing environmental concerns. However, over the projection period, manufacturers' increased attention to merger and acquisition operations of regional companies to meet rising product demand is anticipated to generate a lucrative potential for market expansion.

The global ethyleneamines market is segmented based on type, industry vertical, and region.

The global market is divided into ethylenediamine and heavy ethyleneamines based on type. Due to the rising demand for ethylenediamine across a range of end-use industries, such as chelating agents, corrosion inhibitors, ethylene urea resins, ion exchange resins, thermoplastic resin lubricants, petroleum additives, polyamide resins, rubber chemicals, surface-active agents, and more, this trend is anticipated to continue over the forecast period. It is a single component that is transparent and colorless, and it has the lowest molecular weight of any ethyleneamine yet synthesized. Moreover, tetra acetyl ethylenediamine (TAED), a bleaching activator used in detergents and additives for dishwashing and laundry, is made using ethylenediamine as an intermediary in the process. As a result, it is anticipated that the increased demand from diverse applications will cause ethylenediamine demand to expand significantly throughout the projected period.

The ethyleneamines market is segmented into personal care, pulp & paper, adhesives, paints & coatings, agrochemicals, automotive, pharmaceutical, oil & gas, and others based on the industry vertical. During the forecasted period, adhesives, paints, and coatings are expected to expand significantly. Ethyleneamines are increasingly in demand as a result of the development of epoxy resins in the paint, coatings, and adhesives sectors. Ethylene amines are used to create epoxy resins, which are crucial to the paint and adhesives industries. It prevents steel and marine structure corrosion in the coated zone. In the adhesive area, it may adhere to a wide range of materials, including metal, wood, glass, and plastic. These resins are also present in the field of composite materials and are among the most important engineering resins for automobiles, aircraft, and wind turbine blades. After drying, the epoxy resin functions as expected. The use of ethylene amine is necessary for this step. Therefore, it is expected that the ethyleneamines market will experience growth throughout the projected period due to the high demand for ethyleneamines used to make epoxy resins.

In terms of revenue, the ethyleneamines market in the Asia Pacific contributes a significant portion and is anticipated to rule the global market during the forecast period. The Asia Pacific ethyleneamines market is expected to increase over the forecast period as a result of rising demand for ethyleneamines in a wide range of industries including resin, agrochemicals, and pharmaceuticals in the region. In addition, the Asia Pacific ethyleneamines market is anticipated to experience revenue growth as a result of the increasing industrialization and expanding population in developing nations like China, India, and Indonesia.

Report Scope

The global ethyleneamines market is dominated by players like BASF SE, Delamine BV, Arabian Amines Company, Diamines and Chemicals Ltd., Dow, Fisher Chemical, Huntsman International LLC, Nouryon, Oriental Union Chemical Corporation, Sadara Chemical Company, Saudi Basic Industries Corporation (SABIC) and Tosoh Corporation.

Recent Developments:

• In March 2022, DL Chemical Co., Ltd. ("DL Chemical") acquired Kraton, a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products. The merger enables Kraton to strengthen its global presence by leveraging DL Chemical's manufacturing capabilities and footprint in the Asian market, along with its financial strength, allowing Kraton to further invest in industry-leading sustainable innovation. The merger also accelerates both DL Chemical's and Kraton's vision of being a global leader in specialty chemicals.
• In February 2022, AdvanSix acquired U.S. Amines. Through this acquisition, AvanSix will be able to internalize the source of products and raw materials, thereby enhancing its capabilities in agrochemicals. In addition to increasing its scalability, the deal provides a boost to high-value applications like electronic, pharmaceutical, and water treatment.

The global ethyleneamines market is segmented as follows:

By Type

• Ethylenediamine
• Heavy Ethyleneamines

By Industry Vertical

• Personal Care
• Pulp and Paper
• Adhesives, Paints, and Coatings
• Agro Chemicals
• Automotive
• Pharmaceutical
• Oil and Gas
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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