THE GLOBAL ETHYLENEAMINES MARKET SIZE WAS WORTH $1.9 BILLION IN 2022 AND IS PREDICTED TO GROW TO AROUND $2.9 BILLION BY 2030 WITH A CAGR OF ROUGHLY 5.2% | INDUSTRY SHARE BY TYPE, APPLICATION, INDUSTRY VERTICAL, AND REGION
The global ethyleneamines market size was worth around USD 1.9 Billion in 2022 and is predicted to grow to around USD 2.9 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.2% between 2023 and 2030. The report analyzes the global ethyleneamines market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the ethyleneamines market.
An organic substance called ethyleneamine is made up of ethylene links between amine groups. It is a clear, thick liquid with an ammonia-like smell. Strong bases like ethyleneamine can be utilized as chelating agents. Water may be easily combined with it. Moreover, it is soluble in hydrochloric acid, diluted nitric acid, and sulfuric acid. The market offers a variety of ethyleneamines, including piperazine, diethylenetriamine, ethylenediamine, triethylenetetramine, heavy polyamine, and tetraethylenepentamine.
In a wide variety of applications, ethylenediamine and diethylenetriamine are frequently employed as reactive intermediates to create additional beneficial compounds. It may be created via pressurized hydrogen reduction of aminoacetonitrile with nickel suboxide. The reaction of ethanolamine with ammonia in the presence of a nickel catalyst is a different way to make ethanolamine. The typical reaction of ethyleneamines with moisture in the presence of air produces fumes that are harmful to human health and corrosive to metals.
To know more about this report, Request a sample copy
The increasing agriculture sector coupled with growing government initiatives drives the market growth
An organic substance called ethylenediamine serves as a basic ingredient in the manufacture of agricultural chemicals including pesticides and fertilizers. Governments spend a lot of money on agricultural programs and investments since it is one of the best methods to increase environmental sustainability and agricultural output.
The Agricultural and Food Research Initiative (AFRI), a project of the United States Department of Agriculture, aims to improve human nutrition, assure food security, and prepare the next generation of agricultural workers. NABARD announced an investment of Rs 700 crore (US$ 100 million) in a venture capital fund in May 2019 for equity investments in start-ups in India that focus on agriculture and the rural sector.
Furthermore, The Canadian government gave the Canadian Federation of Agriculture (CFA) a total of $560,000 in 2020 to help them create the Canadian Agri-Food Sustainability Initiative. Thus, the increasing agriculture sector coupled with growing government initiatives penetrates the ethyleneamines industry expansion.
The COVID-19 pandemic acts as a major restraint for the market growth
The Covid-19 outbreak has caused supply chain disruptions, industrial closures, and a decline in demand for the automotive sector. Due to restrictions on the import and export of goods, the automobile sectors are experiencing problems such as delays in acquiring pollution control catalysts from the manufacturers. The epidemic is severely affecting the automotive sector. The abrupt halt in vehicle manufacturing has resulted in a significant loss for the whole automotive industry. The demand for ethyleneamines has drastically decreased due to the decline in automobile manufacturing, which act as a restraining factor for global ethyleneamines market growth.
The growing automotive industry provides a lucrative opportunity
Ethyleneamines are primarily employed as an additive for ash-less emissions in fuels and lubricants in automotive applications. It is primarily included in lubricants to minimize the development of sludge and deliquesce deposits in IC engines. China is the largest automobile market in the world, and the Chinese government anticipates that the number of cars produced there would reach 30 million units by 2020 and 35 million units by 2025.
The Chinese Association of Vehicle Manufacturers reports that more than 27 million automobiles were sold in 2018. In 2017, 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in Australia, up 0.9% over the previous year, according to the International Trade Administration (ITA). Thus, the growing automotive industry will rise the growth of the ethyleneamines industry over the forecast period.
Health risks associated with ethyleneamines pose a major challenge
Humans with acute inhalation exposure to ethyleneamines have significant inflammation and irritation of the respiratory system. Acute inhalation exposure symptoms in people include eye burning & tearing, sore throat, nasal discharge, bronchitis, shortness of breath, and emphysema of the lungs. Ethyleneamines are a powerful blistering agent that may burn the skin chemically to the third degree. Moreover, it is corrosive to eye tissue and may result in conjunctival scarring and persistent corneal opacity.
The global ethyleneamines industry is segmented based on type, application, industry vertical, and region.
Based on the type, the global market is bifurcated into Ethylenediamine (EDA), Diethylenetriamine (DETA), Triethylenetetramine (TETA), Tetraethylenepentamine (TEPA), Heavy Polyamide (HPA), Piperazine (PIP) and Others. The Ethylenediamine (EDA) segment is expected to dominate the market during the forecast period. The growth in the segment is attributed to the rising demand for ethylenediamine in a variety of end-use industries, where it is used for products like chelating agents, corrosion inhibitors, ethylene urea resins, ion exchange resins, thermoplastic resin lubricants, petroleum additives, polyamide resins, rubber chemicals, surface-active agents, and others.
It is the lowest molecular weight ethyleneamine produced, and it is a single-component clear and colorless substance. Moreover, ethylenediamine is utilized as an intermediary in the synthesis of tetra acetyl ethylenediamine (TAED), a bleaching activator found in detergents and additives for dishwashing and laundry. As a result, it is predicted that throughout the projection period, demand for ethylenediamine would rise considerably due to the increased demand from various applications.
Based on the application, the global ethyleneamines industry is segmented into fuel additives, corrosion inhibitors, polyamide resins, epoxy curing agents, surfactants, chelating agents, bleach activators, ion exchange resins, fungicides, rubber chemicals, and others. The resins application segment is expected to hold the largest market share during the forecast period owing to the rising demand for ethyleneamines from different end-use sectors used to make wet strength resins, polyamide resins, ion exchange resin, and epoxy curing agents.
Polyamines based on diethylenetriamine are frequently utilized as wet-strength additives for paper. These resins provide the wet-strength functionality required for usage in damp environments. Boards for packing or tissues are examples of applications. The primary form of polyamide resin, in addition to the liquid resins used as epoxy hardeners, is often made via the condensation reaction of diamines with di- and polybase fatty acids. Polyamide resins are frequently employed as binders in printing inks for flexo gravure application on certain paper, film, and foil webs. As a result, the broad use of ethyleneamines as a resin for different applications would fuel the expansion of the ethyleneamines market during the anticipated time.
Based on the industry vertical, the global ethyleneamines market is segmented into personal care & cosmetics, pulp & paper, aerospace & defense, adhesives, paints & coatings, agrochemicals, automotive, pharmaceutical & healthcare, oil & gas, and others. The adhesives and paints & coatings segment is projected to grow substantially over the forecast period due to the rising demand for ethyleneamines from the production of epoxy resins in the adhesives, paints, and coatings industries.
Epoxy resins, which are essential in the paints and adhesives industries, are produced using ethylene amines. In the coating sector, it stops the corrosion of steel and marine frameworks. It may stick to a variety of surfaces in the sticky area, including metal, wood, glass, and plastic. One of the most crucial engineering resins for automobiles, airplanes, and wind turbine blades, these resins may also be found in the field of composite materials. The epoxy resin performs as intended after it has dried. This critical phase makes use of ethylene amine. Thus, it is expected that the ethyleneamines market will see growth throughout the projected period due to the high demand for ethyleneamines used to make epoxy resins.
|Ethyleneamines Market Research Report
|Market Size in 2022
|USD $1.9 Billion
|Market Forecast in 2030
|USD $2.9 Billion
|Compound Annual Growth Rate
|CAGR of 5.2%
|Number of Pages
|Value (USD Billion), and Volume (Units)
|Key Companies Covered
|BASF SE, Delamine BV, Diamines and Chemicals Ltd., Arabian Amines Company, Dow, Fisher Chemical, Huntsman International LLC, Nouryon, Oriental Union Chemical Corporation, Sadara Chemical Company, Tosoh Corporation, SABIC, Kelvion Holding GmbH, OUCC, Saiper Chemicals Pvt Ltd., and UTS among others.
|By Type, By Application, By Industry Vertical, And By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
|North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|2017 to 2021
|2023 - 2030
|Avail customized purchase options to meet your exact research needs. Request For Customization
The Asia Pacific is expected to dominate the market during the forecast period
The Asia Pacific is expected to dominate the global ethyleneamines market during the forecast period. The growth in the region is attributed to the growing adhesives, paints & coatings, and automotive sectors. The Asia Pacific chemical sector supported 83 million employment and $2.6 trillion in overall GDP in 2017, with $1.5 trillion of that GDP and 60 million jobs coming from China alone, according to the International Congress and Convention Association (ICCA). During this exceptional period of expansion, China concentrated more on meeting its large and briskly expanding domestic demand.
The Chinese export of adhesives climbed from USD 1,516,301 in 2017 to USD 1,641,790 in 2018, according to the International Trade Centre (ITC). In 2017, 2018, and 2019, Korea exported adhesives for a combined total of USD 268,094,000, USD 308,118, and USD 363,387,000. In India, Thailand, Indonesia, and Malaysia in 2018, automotive production increased to 5174645, 2167694, 1343714, and 564800, respectively, up 8.0 percent, 9.0 percent, 10.3 percent, and 12.2 percent from the previous year.
This increase in automotive production was attributed to rising per capita income, which also contributed to the enormous demand for ethyleneamines in the APAC region. As a result, the region's expanding adhesives, paints & coatings, and automotive sectors are fueling the expansion of the ethyleneamines market in the Asia Pacific during the projected period. Besides, North America is expected to hold the largest market share during the forecast period. The growth is attributable to the increasing demand for ethyleneamines from the water treatment and pharmaceutical industry.
The global ethyleneamines market is dominated by players like:
By Industry Vertical
Ethyleneamine is an organic compound composed of ethylene bonds between amine groups. It has a clear, thick consistency and an ammonia-like odor. Chelating agents can be strong bases like ethyleneamine. It is easily mixed with water.
Ethyleneamines are widely employed in a variety of end-use industries. The increasing use of products such as adhesives, resins, and papers drives market expansion. The worldwide ethyleneamine market is expected to rise due to emerging novel technologies, developing end-use industries, and a growing population.
According to the report, the global market size was worth around USD 1.9 billion in 2022 and is predicted to grow to around USD 2.9 billion by 2030.
The global ethyleneamines market is expected to grow at a CAGR of 5.2% during the forecast period.
The global ethyleneamines market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the growing adhesives, paints & coatings, and automotive sectors.
The global ethyleneamines market is dominated by players like BASF SE, Delamine BV, Diamines and Chemicals Ltd., Arabian Amines Company, Dow, Fisher Chemical, Huntsman International LLC, Nouryon, Oriental Union Chemical Corporation, Sadara Chemical Company, Tosoh Corporation, SABIC, Kelvion Holding GmbH, OUCC, Saiper Chemicals Pvt Ltd., and UTS among others.