Market Size of Ethyleneamines Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Ethyleneamines Market Analysis
The ethyleneamines market is projected to register a CAGR of over 5% during the forecast period.
The COVID-19 pandemic adversely impacted the market for ethyleneamines because of its dependency on the textile, automotive, and chemical industries. The COVID-19 pandemic had a significant impact on worldwide auto manufacturing in 2020. The risk of infections among employees in locations where ethyleneamines generate lubricants led to the closure or reduction of operations at several automobile companies. It temporarily reduced the demand for ethyleneamines during the COVID-19 period. However, the market is growing steadily, owing to increased automotive and industrial activities from 2021.
- Over the short term, increasing demand from various end-use industries, accelerating demand for pesticides from developing countries, and developing consumer awareness concerning cleanliness and hygiene are major factors driving the growth of the market studied.
- However, the hazardous health effects due to direct exposure, and increasing usage of bio-based products for agriculture in developed countries are the key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the increasing R&D for new product development is likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific is estimated to witness healthy growth over the assessment period in the ethyleneamines market due to the wide usage of ethyleneamines in end-use application segments, such as automotive, pharmaceutical, and other industries,
Ethyleneamines Industry Segmentation
Ethyleneamines are amine compounds having ethylene linkages between amine groups. These compounds are colorless, low-viscosity liquids with a fishy amine odor. The ethyleneamines market is segmented by type, end-user industry, and geography. By type, the market is segmented into ethylenediamine and heavy ethyleneamines. By end-user industry, the market is segmented into the personal care industry, pulp and paper industry, adhesives, paints and resins, agrochemicals industry, automotive industry, pharmaceutical industry, oil and gas industry, textile industry, metal industry and other end-user industries. The report also covers the market size and forecasts for the wood-based panel market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).
Type | |
Ethylenediamine (EDA) | |
Heavy Ethyleneamines (DETA, TETA, TEPA, AEP, etc.) |
End-user Industry | |
Personal Care Industry | |
Pulp and Paper Industry | |
Adhesives, Paints, and Resins | |
Agro Chemicals Industry | |
Automotive Industry | |
Pharmaceutical Industry | |
Oil and Gas Industry | |
Textile Industry | |
Metal Industry | |
Other End-user Industries |
Geography | |||||||
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Ethyleneamines Market Size Summary
The ethyleneamines market is experiencing a steady growth trajectory, driven by increasing demand from various end-use industries such as automotive, pharmaceuticals, and agrochemicals. The market's expansion is supported by the rising activities in these sectors, particularly in the Asia-Pacific region, where countries like China and India are witnessing significant industrial growth. The demand for ethyleneamines is further bolstered by their application in producing thermoplastic polyamide resins, which are used as hot-melt adhesives and binders for printing inks. These resins exhibit excellent adhesion properties, making them suitable for various substrates, including metal, leather, plastic, wood, and glass. The growing need for plastic products, driven by the strength and durability of engineering polymers, also contributes to the market's growth.
Despite the positive outlook, the ethyleneamines market faces challenges such as hazardous health effects from direct exposure and the increasing preference for bio-based products in developed countries. However, ongoing research and development efforts aimed at new product development present lucrative opportunities for market players. The market is characterized by a high level of consolidation, with major companies like Huntsman International LLC, Dow, Nouryon, BASF SE, and Tosoh Corporation leading the industry. Recent expansions, such as BASF and SINOPEC's new plant in Nanjing, China, highlight the industry's response to growing demand. The market's future growth is expected to be driven by the increasing consumption of ethyleneamines in the automotive and oil and gas sectors, particularly in China and India, where regulatory changes are anticipated to boost demand.
Ethyleneamines Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from Various End-user Industries
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1.1.2 Accelerating Demand for Pesticides from Developing Countries
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1.1.3 Developing Consumer Awareness Concerning Cleanliness and Hygiene
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1.2 Restraints
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1.2.1 Hazardous Health Effects Due to Direct Exposure
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1.2.2 Increasing Usage of Bio-based Products for Agriculture in Developed Countries
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Ethylenediamine (EDA)
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2.1.2 Heavy Ethyleneamines (DETA, TETA, TEPA, AEP, etc.)
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2.2 End-user Industry
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2.2.1 Personal Care Industry
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2.2.2 Pulp and Paper Industry
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2.2.3 Adhesives, Paints, and Resins
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2.2.4 Agro Chemicals Industry
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2.2.5 Automotive Industry
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2.2.6 Pharmaceutical Industry
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2.2.7 Oil and Gas Industry
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2.2.8 Textile Industry
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2.2.9 Metal Industry
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2.2.10 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.2.4 Rest of North America
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa (MEA)
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Ethyleneamines Market Size FAQs
What is the current Ethyleneamines Market size?
The Ethyleneamines Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Ethyleneamines Market?
Dow, BASF SE, Nouryon, Tosoh Corporation and Huntsman International LLC are the major companies operating in the Ethyleneamines Market.