Global Aminoethylethanolamine Market

Global Aminoethylethanolamine Market Size, Share, Growth Analysis, By Type(96% AEEA and 98% AEEA and Others), By Application(Chelating Agent, Surfactants) - Industry Forecast 2023-2030


Report ID: SQMIG15A2363 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 63 | Figures: 75

Global Aminoethylethanolamine Market Insights

Global Aminoethylethanolamine Market size was valued at USD 233.40 Million in 2022 and is poised to grow from USD 244.84 Million in 2023 to USD 358.99 Million by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The global aminoethylethanolamine market has witnessed steady growth in recent years, driven by its versatile applications across various industries. Aminoethylethanolamine, a key compound in the specialty chemicals sector, is primarily used in the production of surfactants, chelating agents, and corrosion inhibitors. The market's growth is attributed to the expanding demand for these applications in sectors such as oil and gas, agriculture, and personal care products. The increasing emphasis on sustainable and eco-friendly solutions has also boosted the adoption of aminoethylethanolamine due to its biodegradable properties. However, regulatory concerns and environmental considerations regarding the production and usage of aminoethylethanolamine are factors that market players need to navigate. As the global economy continues to recover, the Global Aminoethylethanolamine market is expected to show resilience and further growth, with innovation and sustainability being key drivers in shaping its future trajectory.

Market snapshot - (2024-2031)

Global Market Size

USD 233.40 Million

Largest Segment

98% AEEA

Fastest Growth

98% AEEA

Growth Rate

4.9% CAGR

Global Aminoethylethanolamine market ($ Bn)
Country Share for APAC Region (%)
Global Aminoethylethanolamine market by Type ($ Bn)
Global Aminoethylethanolamine market by Type (%)

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Global Aminoethylethanolamine Market Segmental Analysis

The global Aminoethylethanolamine market is segmented on the basis of application, coating type, end-user, and region. Based on type the market is segmented as 96% AEEA and 98% AEEA and Others. Based on application the market is segmented as Chelating Agent, Surfactants, Textile Additives, Fabric Softeners, Lubricants and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type

98% AEEA is currently the dominating type in the Aminoethylethanolamine (AEEA) market. Its higher purity level makes it preferred for various applications, including as a key component in chelating agents, surfactants, and corrosion inhibitors.

However, 96% AEEA is experiencing the fastest growth in the market. This growth can be attributed to its cost-effectiveness and suitability for a wide range of industrial applications. It is increasingly being adopted in industries where high purity is not a strict requirement, offering a cost-efficient alternative to 98% AEEA without compromising performance.

Analysis by Application

Surfactants have emerged as the dominating application for Aminoethylethanolamine. Surfactants are extensively used in industries such as personal care, detergents, and agrochemicals, driving consistent demand for Aminoethylethanolamine due to its effectiveness in improving surface properties and stability in various formulations.

However, the fastest-growing application is Chelating Agents. This growth is fueled by the increasing need for water treatment and metal ion control in industrial processes, as Aminoethylethanolamine's chelating properties are highly effective in binding and removing metal ions, thereby preventing scale formation and corrosion. Additionally, environmental regulations promoting sustainable practices are driving the adoption of chelating agents, further boosting this segment's growth.

Global Aminoethylethanolamine market by Type, 2022 (%)

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Global Aminoethylethanolamine Market Regional Insights

Asia Pacific will be the dominating place in the Global Aminoethylethanolamine market. This dominance is fueled by the location's strong industrialization, growing population, and increasing call for products requiring aminoethylethanolamine, inclusive of surfactants within the non-public care and agriculture sectors. Additionally, the growth of key quit-consumer industries like agriculture, production, and chemicals in countries which include China and India has drastically contributed to the marketplace's prominence within the Asia Pacific.

However, North America is the quickest-developing area inside the Global Aminoethylethanolamine market. This boom is attributed to a surge in environmental recognition and sustainable practices, using calls for biodegradable aminoethylethanolamine within the vicinity. Furthermore, ongoing studies and development efforts to explore novel programs of aminoethylethanolamine, in particular inside the power region, are propelling its adoption, making North America a outstanding growth hotspot inside the market.

Global Aminoethylethanolamine market by Geography, (2024-2031)
  • Largest
  • Fastest

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Global Aminoethylethanolamine Market Dynamics

Drivers

Growing Demand for Eco-Friendly Solutions

  • One significant driver in the Global Aminoethylethanolamine market is the increasing demand for eco-friendly and sustainable solutions. Aminoethylethanolamine's biodegradable properties make it an attractive choice for industries aiming to reduce their environmental footprint. This heightened focus on sustainability across various sectors, from personal care to agriculture, is propelling the market's growth.

Restraints

Regulatory and Environmental Challenges

  • A key restraint facing the Global Aminoethylethanolamine market is the complex regulatory landscape and environmental challenges associated with its production and usage. Stringent regulations governing the handling, disposal, and emissions of this chemical compound can pose compliance hurdles for manufacturers. Additionally, concerns regarding its environmental impact and potential health risks necessitate careful handling and monitoring throughout the supply chain, which can add operational costs and complexity. These regulatory and environmental challenges can limit market growth and innovation.

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Global Aminoethylethanolamine Market Competitive Landscape

The competitive landscape in the global aminoethylethanolamine market is characterized by intense rivalry among several major players and a multitude of smaller companies striving to establish their presence. Market participants are engaged in strategic initiatives such as mergers, acquisitions, and partnerships to expand their product portfolios and geographical reach.

Innovation remains a key focus, with companies investing in research and development to enhance the efficiency and sustainability of aminoethylethanolamine production processes. Moreover, differentiation through product quality, cost-effectiveness, and adherence to stringent environmental regulations plays a pivotal role in gaining a competitive edge in this dynamic market.

As consumer preferences shift towards eco-friendly solutions, market players are increasingly emphasizing the development of sustainable and biodegradable aminoethylethanolamine products to cater to evolving industry demands.

Top Player’s Company Profiles

  • Akzo Nobel N.V. (Netherlands)
  • BASF SE (Germany)
  • Huntsman International LLC (US)
  • LobaChemie Pvt. Ltd. (India)
  • Prasol Chemicals Pvt. Ltd. (India)
  • TCI Chemicals (India) Pvt. Ltd. (India)
  • Dow (US)
  • Tosoh Corporation (Japan)
  • Delamine B.V. (Netherlands)
  • A. B. Enterprises (India)
  • Alliance Chemicals Limited (UK)
  • Alliance Chemicals Limited (UK)
  • Parchem fine & specialty chemicals (US)
  • Silver Fern Chemical Inc. (US)
  • Royal Chemicals (India)
  • Sarex (India)
  • Synalloy Corporation (US)
  • Univar Solutions Inc. (US)
  • Paragon Chemicals (India)
  • BALAJI AMINES (India)

Recent Developments

  • January 2023: BASF announced the expansion of its aminoethylethanolamine (AEEA) production capacity at its Antwerp, Belgium site. The expansion is expected to be completed in 2024 and will increase BASF's AEEA production capacity by 50%.
  • February 2023: Tosoh Corporation announced the launch of its new AEEA product, Toa AEEA H-50. The product is a high-purity, high-quality AEEA that is designed for use in a variety of applications, including detergents, personal care products, and pharmaceuticals.
  • March 2023: DowDuPont announced the launch of its new AEEA product, DOW AEEA Pro. The product is a high-performance AEEA that is designed for use in demanding applications, such as oilfield chemicals and coatings.
  • April 2023: AkzoNobel announced the launch of its new AEEA product, Berol AEEA 99. The product is a high-purity, high-quality AEEA that is designed for use in a variety of applications, including personal care products and pharmaceuticals.
  • May 2023: Huntsman Corporation announced the expansion of its AEEA production capacity at its Geismar, Louisiana site. The expansion is expected to be completed in 2025 and will increase Huntsman's AEEA production capacity by 25%.

Global Aminoethylethanolamine Key Market Trends

  • Growing Emphasis on Sustainable Aminoethylethanolamine : A significant market trend in the Global Aminoethylethanolamine market is the increasing emphasis on sustainability. As environmental concerns gain prominence, manufacturers and consumers alike are seeking aminoethylethanolamine products that are produced using eco-friendly processes and have minimal environmental impact. This trend is driving innovation in the development of sustainable and biodegradable aminoethylethanolamine solutions, aligning with the broader global shift toward green chemistry and responsible production practices.

Global Aminoethylethanolamine Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to global aminoethylethanolamine market analysis, the market is currently poised for steady growth, driven by its versatile applications across diverse industries, including personal care, agriculture, and chemicals.

Key market drivers include the increasing demand for eco-friendly solutions and the expansion of end-user industries in regions like Asia Pacific and North America. However, regulatory and environmental challenges pose restraints, necessitating careful compliance and monitoring.

Looking ahead, the global aminoethylethanolamine market is expected to continue its growth trajectory, fueled by ongoing research and development efforts to enhance sustainability and efficiency in production processes. The market is likely to witness increased consolidation through mergers and acquisitions as companies seek to broaden their product portfolios and expand their global reach.

Furthermore, the trend toward sustainable and biodegradable aminoethylethanolamine products is anticipated to gain even more traction, aligning with evolving consumer preferences and stringent environmental regulations. To stay competitive, market players will need to prioritize innovation, compliance, and differentiation in a rapidly evolving landscape.

Report Metric Details
Market size value in 2022 USD 233.40 Million
Market size value in 2031 USD 358.99 Million
Growth Rate 4.9%
Base year 2022
Forecast period (2024-2031)
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • 96% AEEA and 98% AEEA and Others
  • Application
    • Chelating Agent, Surfactants, Textile Additives, Fabric Softeners, and Lubricants and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Akzo Nobel N.V. (Netherlands)
  • BASF SE (Germany)
  • Huntsman International LLC (US)
  • LobaChemie Pvt. Ltd. (India)
  • Prasol Chemicals Pvt. Ltd. (India)
  • TCI Chemicals (India) Pvt. Ltd. (India)
  • Dow (US)
  • Tosoh Corporation (Japan)
  • Delamine B.V. (Netherlands)
  • A. B. Enterprises (India)
  • Alliance Chemicals Limited (UK)
  • Alliance Chemicals Limited (UK)
  • Parchem fine & specialty chemicals (US)
  • Silver Fern Chemical Inc. (US)
  • Royal Chemicals (India)
  • Sarex (India)
  • Synalloy Corporation (US)
  • Univar Solutions Inc. (US)
  • Paragon Chemicals (India)
  • BALAJI AMINES (India)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Aminoethylethanolamine Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Aminoethylethanolamine Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Aminoethylethanolamine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aminoethylethanolamine Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aminoethylethanolamine Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Aminoethylethanolamine Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Aminoethylethanolamine Market size was valued at USD 233.40 Million in 2022 and is poised to grow from USD 244.84 Million in 2023 to USD 358.99 Million by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The competitive landscape in the global aminoethylethanolamine market is characterized by intense rivalry among several major players and a multitude of smaller companies striving to establish their presence. Market participants are engaged in strategic initiatives such as mergers, acquisitions, and partnerships to expand their product portfolios and geographical reach. 'Akzo Nobel N.V. (Netherlands)', 'BASF SE (Germany)', 'Huntsman International LLC (US)', 'LobaChemie Pvt. Ltd. (India)', 'Prasol Chemicals Pvt. Ltd. (India)', 'TCI Chemicals (India) Pvt. Ltd. (India)', 'Dow (US)', 'Tosoh Corporation (Japan)', 'Delamine B.V. (Netherlands)', 'A. B. Enterprises (India)', 'Alliance Chemicals Limited (UK)', 'Alliance Chemicals Limited (UK)', 'Parchem fine & specialty chemicals (US)', 'Silver Fern Chemical Inc. (US)', 'Royal Chemicals (India)', 'Sarex (India)', 'Synalloy Corporation (US)', 'Univar Solutions Inc. (US)', 'Paragon Chemicals (India)', 'BALAJI AMINES (India)'

One significant driver in the Global Aminoethylethanolamine market is the increasing demand for eco-friendly and sustainable solutions. Aminoethylethanolamine's biodegradable properties make it an attractive choice for industries aiming to reduce their environmental footprint. This heightened focus on sustainability across various sectors, from personal care to agriculture, is propelling the market's growth.

Growing Emphasis on Sustainable Aminoethylethanolamine : A significant market trend in the Global Aminoethylethanolamine market is the increasing emphasis on sustainability. As environmental concerns gain prominence, manufacturers and consumers alike are seeking aminoethylethanolamine products that are produced using eco-friendly processes and have minimal environmental impact. This trend is driving innovation in the development of sustainable and biodegradable aminoethylethanolamine solutions, aligning with the broader global shift toward green chemistry and responsible production practices.

Asia Pacific will be the dominating place in the Global Aminoethylethanolamine market. This dominance is fueled by the location's strong industrialization, growing population, and increasing call for products requiring aminoethylethanolamine, inclusive of surfactants within the non-public care and agriculture sectors. Additionally, the growth of key quit-consumer industries like agriculture, production, and chemicals in countries which include China and India has drastically contributed to the marketplace's prominence within the Asia Pacific.

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