The diethanolamine market is expected to grow at a CAGR of 5% during the forecast period 2022-2032. The diethanolamine market has been valued at US$ 16.8 Billion for 2022. The diethanolamine market is anticipated to be worth US$ 27.37 Billion in 2032. The increasing demand for diethanolamine from the construction and agricultural industries is expected to drive market demand during the forecast period.
Future new refinery projects are likely to present an opportunity. The agricultural industry's continued demand for glyphosate, owing to its unique properties of removing weeds and unnecessary grasses that pose a threat to commercially grown crops, is driving the growth of the diethanolamine market.
The demand for diethanolamine in aqueous form as a scrubbing agent is propelling the diethanolamine market. The expansion of refineries in the oil and gas sector in emerging economies, where diethanolamine is used to treat toxic hydrogen sulphide and carbon dioxide, is also propelling the diethanolamine market.
Attribute | Details |
---|---|
Diethanolamine Market CAGR (2022 to 2032) | 5% |
Diethanolamine Market Size 2022 | US$ 16.80 Billion |
Diethanolamine Market Size 2032 | US$ 27.37 Billion |
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Diethanolamine is used as a chemical intermediate and dispersant in a variety of agricultural chemicals. Diethanolamine is a colourless liquid that is quickly soluble in ethanol, ethyl ether, and benzene, but due to its proclivity to absorb water, it is frequently encountered as a colourless, viscous liquid. Ethanol increases crop production, and the high solubility of diethanolamine is expected to expand the market size of diethanolamine.
Diethanolamine, an ethanolamine compound, is used to make rubber chemicals such as tetraethyl thiuram disulphide (TETD), which is used to modify rubber. Thus, the growing demand for TETD for rubber vulcanization is expected to increase diethanolamine consumption in the rubber industry.
The increasing investment and production of rubber are increasing the consumption of rubber chemicals, which is expected to increase the size of the diethanolamine market.
Diethloamine (DEA) is a dangerous liquid compound that is toxic to humans. Diethanolamine, according to the United States Environmental Protection Agency, contributes to hazardous air pollutants. Ethylene oxide, which has been linked to cancer, can contaminate diethanolamine.
Diethanolamine causes organ toxicity as well as neurotoxic effects such as tremors. Furthermore, diethanolamine irritates the eyes, skin, nose, and throat. As a result, the negative impact on human health and the environment may limit diethanolamine consumption.
Asia Pacific dominated the global diethanolamine market, owing to rising demand from the construction, textile, pharmaceutical, agricultural, and other industries, particularly in India, Thailand, and China. Diethanolamine is an ethanolamine compound that is widely used in personal care and cosmetic products, as well as the pharmaceutical industry, and is produced by the reaction of ethylene oxide with ammonia.
Diethanolamine is used in a variety of industries, including oil and gas, agriculture, construction, and others, as a gas-treating agent, corrosion inhibitor, reacting agent, surfactant, and other applications. As a result, the consumption of diethanolamine is increasing.
North America is the largest consumer of diethanolamine, followed by Asia Pacific. China is Asia Pacific's largest producer and consumer of the compound. The Asia Pacific region has the fastest market growth rate.
Diethanolamine, also known as DEA or DEOA, is a white solid organic compound at room temperature. The compound is obtained when ammonia and ethylene oxide undergo chemical reaction. Apart from diethanolamine, this reaction also results in the production of monoethanolamine and triethanolamine.
Diethanolamine is a part of two chemical groups namely alcohol and amine. This results in a unique property of the compound to react with both groups. In alcohol form diethanolamine is hygroscopic in nature and can react to form esters. In the form of amine the compound is slightly more alkaline and upon reaction with acids forms soap and salt.
This unique characteristic of diethanolamine results in most of its applications. In industrial applications the compound is used in its pure form or as aqueous solutions of different concentration of diethanolamine.
The main application of diethanolamine is in the manufacturing of agrochemicals especially herbicides. Glyphosate is one of the most common herbicides used across the world to kill weeds and grasses competing with the commercial crops.
The huge demand for glyphosate from the agriculture industry is the primary driver for diethanolamine, which is the main feed stock for the production of glyphosate. Aqueous solution of diethanolamine is also extensively used as a gas scrubbing agent. It is used for the treatment of refinery gas, natural gas and liquid streams.
Carbon di oxide and hydrogen sulfide are the two contaminants removed by the application of diethanolamine in refinery and natural gas. This application accounts for a good part of global volume demand for diethanolamine. Apart from these two applications the compound is used in manufacturing of personal care products, textiles, and metal works.
Diethanolamine is used to manufacture several fatty acid amides which are used in various personal care products. It is also used in the textile industry as scoring agent for silk and wool owing to the low alkalinity of the chemical. It is used in vat printing pastes due to its low hygroscopicity. Textile lubricants are often made of diethanolamine salts as it improves corrosion resistance and provides it with anti static properties.
Diethanolamine is used as intermediates for the production of water soluble lubricants, corrosion inhibitors, biocides and emulsifiers. It provides the required alkalinity to the water soluble grinding fluids to protect against metal rusting.
Iron does not oxidize in alkaline conditions and it prohibits rusting. Diethanolamine is also used as a catalyst to provide stability in the manufacturing process of flexible as well as rigid polyurethane foams.
Although the diethanolamine market is growing at a commendable rate, there exist some restraints to this market. The compounds application in herbicide manufacturing has a threat from increasing weed resistance for glyphosate.
Due to its tremendous use in the agricultural sector, the weeds and grasses have displayed signs of chemical resistance, which is a concern for the markets future growth. Moreover diethanolamine is a regulated chemical and occupational exposure to it should be limited. Exposure to the chemical causes respiratory tract irritation, skin irritation and might even impair eyesight upon contact with eyes.
North America is the leading consumer of diethanolamine, closely followed by Asia Pacific region. China is the largest manufacturer as well as consumer of the compound in Asia Pacific. The market growth rate is the highest in Asia Pacific region.
Some of the main players operating in this market are Dow Chemical Company, BASF SE, Helm AG, Huntsman Corporation, and Jinan Haohua Industry Co., Ltd. among many others.
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.
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1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Application 6.2. End-Use Industry 7. Global Market Analysis and Forecast, By Application 7.1. Chemical Intermediate 7.2. Fabric Finisher & Softener 7.3. Foam Stabilizer 7.4. Photographic Chemicals 7.5. Rubber Chemicals 7.6. Gas Treatment 7.7. Reactive & Processing Agent 7.8. Water Treatment 7.9. Cleansing Agent 7.10. Concrete Admixture 7.11. Corrosion Inhibitor 7.12. Dyes Chemicals 8. Global Market Analysis and Forecast, By End-Use Industry 8.1. Pharmaceutical 8.2. Textile 8.3. Construction 8.4. Paint & Coatings 8.5. Oil & Gas 8.6. Agriculture 8.7. Personal care & Cosmetics 8.8. Others 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia Pacific 9.6. Japan 9.7. Middle East and Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Japan Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Application and End-Use Industry for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. The Dow Chemical Company 19.2. BASF SE 19.3. 3HELM AG 19.4. Huntsman Corporation 19.5. VWR International LLC 19.6. Alfa Aesar 19.7. Spectrum Chemical MFG Group 19.8. BeanTown Chemicals
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