New York, NY -- (SBWIRE) -- 03/19/2021 -- The global ethanolamines market is expected to reach USD 4.07 Billion by 2027, according to a new report by Reports and Data. A growing demand for ethanolamines from the metallurgy industry is one the significant factors influencing market growth. Ethanolamines often find application as neutralizers of acidic constituent, primarily responsible for the corrosion of metal surfaces, in lubricants. This chemical is used to provide alkalinity to water-soluble grinding and cutting fluids, needed to offer protection from rusting. Moreover, it is deployed as an intermediate in the production of emulsifiers, corrosion inhibitors, and biocides, among others.

Monoethanolamine often finds application as a preferred solvent in carbon CO2 (carbon dioxide) scrubbing processes. Recently, these types of scrubbing systems are increasingly being built is attributed to the growing focus on carbon dioxide capture and sequestration (CCS) notion related to initiatives for CO2-free power generation. Technological development of this solvent absorption system along with its exceptional features, including fast reaction kinetics, high loading capacity for carbon dioxide at low partial pressures, and high removal efficiencies, are likely to drive the market growth in the forecast period.

Additionally, ethanolamine is used in forming of emulsions in the cosmetic industry by reducing the surface tension of the substances to be emulsified to facilitate the blending of water-soluble and oil-soluble ingredients. Also, it finds usage in controlling the pH level of cosmetic products.

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The COVID-19 impact:

As the COVID-19 crisis grows, manufacturers are quickly changing their practice and purchasing priorities to meet the required demand of a pandemic, which has cut the need for Ethanolaminess in the market. Over a couple of months, there will be a series of both positive and negative shocks, as manufacturers and their suppliers respond to providers changing needs. With an unfortunate global situation, the export-dependent economies of many regions look vulnerable. Global Ethanolamines Markets are reshaped by the effects of this pandemic, as some suppliers are either shutting down or reducing their output, due to a lack of demand from the downstream market.

Further key findings from the report suggest

- By product type, monoethanolamine contributed to the largest market share in 2018 and is likely to grow at a rate of 4.3% in the forecast period. It is chiefly used as feedstock in the production of detergents, polishes, emulsifiers, corrosion inhibitors, pharmaceuticals, and chemical intermediates. The potential demand for monoethanolamine is in ethylene amines and triazines markets.

- By application, surfactants dominated the market size in 2018 and is estimated to grow at a rate of 4.5% in the period 2019-2027. The application of ethanolamines in surfactants is used to remove dirt, stains, and dirt. DEA is a commonly used ingredient in industrial cleaning products, including industrial strength detergents and engine degreasers, as it breaks down oil and grease.

- By industry vertical, metallurgy industry accounted for the largest market share in 2018 and is projected to witness a growth rate of 4.3% in the forecast period.

- The Asia Pacific region is anticipated to witness the highest CAGR of 5.4% in the forecast period, attributed to a growing demand from the end-user industries including metallurgy, construction, and cosmetics, among others, and a rise in the level of disposable income in countries, such as China & India.

- Key participants include Huntsman Corporation, Dow Chemical Company, CNPC, BASF SE, Alkyl Amines Chemical Ltd., Daicel Chemical Industries, Thai Ethanolamines Company, INEOS Oxide Limited, Celanese Corporation, and AkzoNobel, among others.

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For the purpose of this report, Reports and Data have segmented into the global Bio PU market on the basis of raw material, application, end-use, and region:

Product Outlook (Revenue, USD Million; Volume, Tons; 2017-2027)
- Monoethanolamine (MEA)
- Diethanolamine (DEA)
- Triethanolamine (TEA)

Application Outlook (Revenue, USD Million; Volume, Tons; 2017-2027)
- Absorbents
- Lubricants
- Corrosion Inhibitors

Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/ethanolamines-market

Table Of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
3.1. Macroeconomics Indicators
Chapter 4. Ethanolaminess Market Segmentation & Impact Analysis
4.1. Ethanolaminess Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Chemical manufacturers shifting focus to bio-based feedstock
4.2.2.2. Stringent government regulations on use of plastics
4.2.3. Market restraints analysis
4.2.3.1. Complexity in manufacturing process
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence

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