+1-888-308-5802     
News Contact Us

By 2024, Ethanolamines Market Growth Will be Propelled by Surfactants Industry

Author : Ronak Bora | Published Date : 2019-03-27 

High growth in surfactants industry will also augment the ethanolamines market. Surfactants are increasingly used in detergents & cleaners, cosmetics, lubricants, etc. Rapid industrial development all around the globe has increased the demand for industrial detergents and cleaners. Stringent regulations relating to workplace and industrial cleanliness has also increased demand for surfactants needed in cleaners. Higher disposable income and willingness to spend on personal grooming has resulted in increased growth in cosmetics and personal care products sector. Revenue generated by the global cosmetics manufacturing industry was more than USD 250 billion in 2015 and is anticipated to cross USD 350 billion by 2024. This will increase the demand for surfactants in cosmetic products and will boost the global ethanolamine market during the forecast years.

North America ethanolamines industry is led by the U.S. which occupied more than 85% of the regions revenue whereas Europe will likely experience a dip due to banning of diethanolamines in cosmetics. The most lucrative regions for the ethanolamines market are Asia Pacific and Middle East & Africa. These two regions will witness favorable growth within the forecast years and will chiefly drive the overall industry.

Request for a sample copy of this research report @ https://www.gminsights.com/request-sample/detail/737

Ethanolamines Market will likely surpass USD 3.9 billion by 2024 according to this new research report. Global ethanolamine market will be chiefly propelled by increasing demand for agrochemicals as the product is used as an herbicide. High population growth has led to rising demand for food crops all around the globe. Keeping in mind food security concerns, governments of many countries are taking initiatives to increase the yield of food crops. This factor coupled with shrinkage of agricultural land is anticipated to increase agrochemicals demand during the forecast years and will drive the ethanolamine Industry.

Ethanolamines market may face challenges in the future due to the possible harmful effects of the compound on human health. Studies have linked the compound with liver tumors and the European Union banned the use of DEA in cosmetic products due to its carcinogenic nature. There is a possibility of safer compounds to substitute the product in the future and ultimately hinder the industry growth.

Monoethanolamines (MEA), diethanolamines (DEA) and triethanolamines (TEA) are the three product segments in the global ethanolamines market. Diethanolamines will be the fastest growing segment with 4% CAGR during the forecast years. In 2015, the market value of this segment was around USD 1 billion. Triethanolamines had the largest share of the overall ethnolamines market in 2015 and is anticipated to grow at a favorable rate till 2024.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/737

Global ethanolamines market is segmented into six application categories including surfactants, chemical intermediaries, herbicides, gas treatment, cement and others. Surfactants was the most prominent application segment in 2015, accounting for more than a quarter of the overall revenue. High demand for industrial cleaners will augment the growth of this segment. Herbicide and chemical intermediary segments are anticipated to grow at a healthy rate till 2024 due to high growth in chemical industries sector and increasing demand for agrochemicals. These two segments together occupied more than two fifth of the overall ethanolamine market.

Key participants in the ethanolamines market are The Dow Chemical Company, Huntsman Corporation, SABIC, China Chemical & Petroleum Corporation, LyondellBasell Industries, Sintez OKA, BASF-YPC Company, INEOS Group, and others. Market players are trying to gain an advantage over their rivals by R&D investments and product & capacity expansions.

Browse Full Report @ https://www.gminsights.com/industry-analysis/ethanolamines-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com

Blog: http://headlinenewsnation.com

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Space Launch Services Market in Satellite Payload Segment is Excepted to Observe High Growth Rate Over the Coming Years

Published Date: 2019-04-18         Author: Ronak Bora

The Space Launch Services Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the industry based on product segment, technology, end user ... Read More

Commercial Aircraft MRO Market Outlook | Drivers, Restraint & Future Growth Analysis by 2024

Published Date: 2019-04-18         Author: Ronak Bora

Global Market Insights, Inc. present the report on Commercial Aircraft MRO Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for th... Read More

Structured Cabling Market in Software Technologies Will Grow at A CAGR of Over 14% Over 2019 to 2025

Published Date: 2019-04-18         Author: Ronak Bora

The software technologies are expected to witness a high adoption in the structured cabling market and will grow at a CAGR of over 14% over the forecast timespan owing to the rise in demand for effective tools that will help to manage, maintain, and implement the cabling systems in IT environment. T... Read More

© 2019 Fractovia. All Rights Reserved