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 2024-2031


Report ID: SQMIG15A2423 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

Global Aminoethylethanolamine Market News

  • 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%.
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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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Global Aminoethylethanolamine Market

Product ID: SQMIG15A2423

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