Mono-ethanolamine Market Size (2024 - 2029)

The mono-ethanolamine market is projected to experience steady growth, driven by its expanding applications in detergents, personal care products, pharmaceuticals, and chemicals. Despite challenges posed by health and environmental concerns and the availability of substitute amines, the market's potential in carbon capture and storage presents promising opportunities. The Asia-Pacific region is anticipated to lead in market size, with significant growth expected during the forecast period.

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Market Size of Mono-ethanolamine Industry

Mono-ethanolamine Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Mono-ethanolamine Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mono-ethanolamine Market Analysis

The global monoethanolamine market is estimated to register a CAGR of less than 5% during the forecast period.

The COVID-19 pandemic negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecast to grow steadily in the future.

  • The mono-ethanolamine market has witnessed significant growth owing to its increasing applications in detergents and personal care products. Moreover, demand for the market is expected to grow due to its wide usage in the pharmaceutical and chemical industries.
  • However, health and environmental-related concerns connected to the monoethanolamine market are likely to hinder market growth. Moreover, the availability of other amines as a substitute for mono-ethanolamine is also expected to restrict the market's growth.
  • Nevertheless, the use of monoethanolamine in carbon capture and storage is expected to offer lucrative growth opportunities for the market.
  • The Asia-Pacific region is expected to dominate the market and is likely to witness the highest CAGR during the forecast period.

Mono-ethanolamine Industry Segmentation

Mono-ethanolamine is an organic chemical compound that is produced by treating ethylene oxide with aqueous ammonia. It serves as a feedstock for the manufacture of medicines, corrosion inhibitors, polishes, detergents, emulsifiers, and chemical intermediates. Market segments for monoethanolamine include those for product type, application, and geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). By product type, the market is segmented into industrial grade, pharmaceutical grade, and others. By application, the market is segmented into detergents, pharmaceuticals, cosmetics and personal care products, agricultural chemicals, and other applications. The report also covers the market size and forecasts for the monoethanolamine market in 15 countries across the globe. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Product Type
Industrial Grade
Pharmaceutical Grade
Others
Application
Detergents
Pharmaceuticals
Cosmetics and Personal Care Products
Agricultural Chemicals
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest ofEurope
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest Middle-East and Africa
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Mono-ethanolamine Market Size Summary

The mono-ethanolamine market is poised for steady growth, driven by its expanding applications in detergents, personal care, pharmaceuticals, and the chemical industries. Despite the initial setbacks caused by the COVID-19 pandemic, the market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The increasing demand for personal care products, particularly in the Asia-Pacific region, is a significant factor contributing to this growth. However, the market faces challenges from health and environmental concerns, as well as competition from alternative amines. Nonetheless, the potential for mono-ethanolamine in carbon capture and storage presents promising opportunities for future expansion.

The Asia-Pacific region is anticipated to be the dominant and fastest-growing market for mono-ethanolamine, supported by robust industries in countries like China, India, and Japan. The region's thriving cosmetics and personal care sectors, coupled with the pharmaceutical industry's expansion, particularly in India, are key drivers of demand. Major players in the market, such as BASF SE, Dow, Nouryon, SABIC, and Nippon Shokubai Co., Ltd., are actively engaging in strategies to enhance their market presence. Recent developments, such as Nippon Shokubai's acquisition of ISCC PLUS certification, highlight the industry's focus on sustainability and low environmental impact products. These factors collectively indicate a positive outlook for the mono-ethanolamine market in the coming years.

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Mono-ethanolamine Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Applications in Detergents and Personal Care Products

      2. 1.1.2 Wide Usage in the Pharmaceutical and Chemical Industry

    2. 1.2 Restraints

      1. 1.2.1 Health and Environmental Related Concerns

      2. 1.2.2 Availability of Other Amines as a Substitute for Mono-ethanolamine

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Industrial Grade

      2. 2.1.2 Pharmaceutical Grade

      3. 2.1.3 Others

    2. 2.2 Application

      1. 2.2.1 Detergents

      2. 2.2.2 Pharmaceuticals

      3. 2.2.3 Cosmetics and Personal Care Products

      4. 2.2.4 Agricultural Chemicals

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest ofEurope

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest Middle-East and Africa

Mono-ethanolamine Market Size FAQs

The Mono-ethanolamine Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)

BASF SE, Dow, Nouryon, Nippon Shokubai Co., Ltd. and Sabic are the major companies operating in the Mono-ethanolamine Market.

Mono-ethanolamine Report Snapshots

Mono-ethanolamine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)