About Monoethanolamine
Monoethanolamine has an anti-histaminic property and has chemical formula as H2N-CH2CH2OH. This organic compound is flammable, colorless and toxic by nature. It is used as gas scrubbing absorbent when it is in aqueous form. When ethylene oxide and ammonia are reacted it releases diethanolamine, triethanolamine and Monoethanolamine. Due to its distinctive property of alkalinity monoethalamine is used for laundry detergents. Moreover, it has a wide range of applications which would hamper the market positively.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.9% |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global oil mist separator market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Monoethanolamine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DOW (United States), Ineos Oxides (Switzerland), BASF (Germany), Huntsman (United States), Akzo Nobel (Netherlands), Nippon Shokubai (Japan), Mitsui Chemicals (Japan), KPX Green (South Korea), Arak Petrochemical Company (Iran) and OUCC (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Yinyan Specialty Chemicals (China), Xian Lin Chemical (China) and Maoming PetroChemical Shihua (China).
Segmentation Overview
AMA Research has segmented the market of Global Monoethanolamine market by Type (Industrial Grade and Pharmaceutical Grade), Application (Adhesives, Agricultural Chemicals, Cement grinding Aids, Concrete Adhesives, Rubber and Photographic chemicals) and Region.
On the basis of geography, the market of Monoethanolamine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Purity, the sub-segment i.e. Above 99 will boost the Monoethanolamine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Pharmaceutical Industry is affecting the Market Positively and Usage in Wide Range of Product is driving the Market
Challenges:
Availability of Substitute Product May Hamper the Market and Lack of Awareness of Monoethanolamine
Restraints:
Stringent Government Regulations for Chemicals
Opportunities:
Increasing Usage in End Use Industries in Developing Countries and High Demand in Agricultural Business Owing to Usage in Pesticide
Market Leaders and their expansionary development strategies
In 2019, India’s largest caustic soda producer, Aditya Birla Chemicals, acquired the chlor-alkali and phosphoric acid divisions of chemical manufacturer Chemicals & Performance Intermediates (CPI) from Germany-based Lanxess. The acquisition included CPI’s Monoethanolamine (MEA) business, among other products.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.