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Ethyleneamines Market for textile sector is expected to hold majority of industry share by 2024

Author : Ronak Bora | Published Date : 2019-05-03 

Ethyleneamines Market is set to grow from its current market value of more than $2 billion to over $3 billion by 2024; as reported in the latest study by Global Market Insights, Inc. Rising demand for ethyleneamines in different application segments including coating, textile, surfactants, lube and fuel additives, and asphalt additives will drive industry growth. Manufacturers are involved in strategic expansion through partnerships and mergers & acquisitions to increase their market share, profitability, product portfolio, production capacity, and geographical presence which is positively favoring product demand.

UK traethylenepentamine (TEPA) market from epoxy curing agent application is poised to witness gains of over 3% by 2024. These products find application in curing epoxy resin-based castings, laminates, coatings, grouts and adhesives. Growing paints & coatings market in the region owing to high demand from aerospace, automotive, construction and marine sector is likely to stimulate ethyleneamines market in the projected timeframe.

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Ethyleneamines industry size from ethylenediamine is expected to witness strong gains up to 4% in the projected timeframe owing to wide utilization in various industries including detergents, textile, and agriculture. Ethylenediamine has lowest molecular weight and appears as a colorless liquid. It is a versatile & highly reactive molecule and are utilized for making polymers that serve as drainage aids thus, stimulating product demand.

Increasing usage in papers, adhesives and resins owing to its properties to make product soft, flexible along with improving adhesion will boost ethyleneamines market size. Growing consumer consciousness pertaining to hygiene and cleanliness has led to escalated product demand as surfactants in detergent products may act as another contributing factor towards industry growth.

China ethylenediamine (EDA) market size from pesticide application is anticipated to surpass USD 45 million by 2024. These products are used as fungicides for preventing of mildew, blight., rust and scab. Growing agro chemical market mainly in India and China owing to ensure crop safety and ensuring continuous supply of high-quality crop yield is likely to boost ethyleneamines market size in projected timeline.

Rising investments to manufacture innovative products which are ecofriendly in nature with upgraded properties supported by technological advancements in manufacturing techniques will propel product demand. Presence of various manufacturers engaged in capacity expansion and collaboration mainly in Asia Pacific in order to cater rising product demand may further stimulate ethyleneamines market size in forecast timeframe.

U.S. diethylenetriamine (DETA) industry size from lube and fuel additives applications may witness gains of 4% by 2024. These products are used in fuel additives which control deposits in fuel system. DETA has found substantial commercial usage as dispersant detergent additive in gasoline, thus driving product demand in forecast timeframe.

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Extensive product usage in oil mining activities at oil fields owing to its feature of preventing corrosion on drilling equipment is likely to drive product demand. Ethyleneamine derivatives have application in oil & gas refining and production operations as demulsifiers, functional additives, corrosion inhibitors and neutralizers. Heavy product usage as antioxidant to control fouling in refining operation may foster ethyleneamines industrty size in projected timeframe.

Ethyleneamines Market Size, By Product, Diethylenetriamine, Triethylenetetraamine, Tetraethylenepentamine, Estimated to Exceed USD 3 Billion by 2024

Italy triethylenetetramine (TETA) market size from polyamide resin application is poised to surpass USD 5 million up to 2024, owing to its usage as resins which finds applications in binders in production of inks. Growing usage of these inks in food & beverage packaging is likely to foster ethyleneamines regional market growth. Thermoplastic polyamides resins are produced using TETA and find application as abrasion-resistant, formulating gloss and overprint varnishes, thus further propelling product demand.

Ethyleneamines are used in production of weak-base ion exchange resins which are used in industrial processing and water treatment applications, thereby driving product demand. Growing need for water treatment globally owing to strict regulation pertaining to water safety is likely to propel ethyleneamines market size.

UK tetraethylenepentamine (TEPA) market size from epoxy curing agent application is poised to witness gains of over 3% by 2024. These products find application in curing epoxy resin-based castings, laminates, coatings, grouts and adhesives. Growing paints & coatings market in the region owing to high demand from aerospace, automotive, construction and marine sector is likely to stimulate ethyleneamines industry size in the projected timeframe.

Browse key industry insights from the report, “Ethyleneamines Market” in detail along with the table of contents: www.gminsights.com/industry-analysis/ethyleneamines-market

Complex handling and storing conditions may hamper industry profitability which may incur additional cost to ensure proper storage conditions affecting ethyleneamines market price trends. However, growing acceptance of ethyleneamines derivatives in pharmaceutical sector for producing muscle relaxant, antimalarials, antihistamines, local anesthetics, antibiotics and antidepressants may drive product demand by 2024.

Global ethyleneamines market share is moderately consolidated among participants including Tosoh Corporation, The Dow Chemical Company, Huntsman Corporation, BASF SE, Delamine B.V, Akzo Nobel N.V and Diamines & Chemicals Limited.

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.

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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

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