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Ethyleneamines Market to Trace Exponential Gain Till 2024; Boosted by The Pharmaceutical Industry

Author : Ronak Bora | Published Date : 2019-08-08 

The ethyleneamines market is expected to register increasing demand with the rapid expansion of the pharmaceutical industry as ethyleneamines find immense application as a raw material for the production of antidepressants, antimalarials, antibiotics, antihistamines, local anesthetics and muscle relaxants. The global population is estimated to increase by 1.24% each year until 2030, and 28% of the global population will be aged between 65 to 80 which is a significant rise when compared to approximately 22% in 2000. The aging population will necessarily add to the demand of common medications such as painkillers and prescription drugs like antibiotics, in turn adding momentum to the ethyleneamines market.

Besides the pharmaceuticals industry, extensive application of ethyleneamines in the agrochemical industry has added significant impetus to the ethyleneamines market. The expanding population will once again promote the scope for the use of agricultural chemicals which will in turn fuel the ethyleneamines industry as it acts as one of the notable ingredients in pesticides. Indeed, ethylenediamines market size from pesticides is anticipated to surpass $290 million by 2024. Ethylenediamines, a sub-product of ethyleneamines, are used in the production of fungicides for the prevention of mildew, scabs, rust and blight in agricultural products. As the population increases, it becomes imperative to improve agricultural production that would help ethyleneamines market to forge new growth avenues.

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Chelating agents also make for a considerable portion of the ethyleneamines market revenue. The size of the diethylenetriamine market is poised to surpass 10 kilo tons by 2024 solely due to the increasing demand of chelating agents. The expanding size of the paper & pulp industry is expected to act as a driving factor for the chelating agents market. Paper-based packaging materials demand observed in the packaging sector will register growth due to the developments in e-commerce and the increasing demand for door step delivery system of perishable goods, home appliances and other products.

In 2017 AkzoNobel developed a technological breakthrough in the production of ethyleneamines and derivatives, a technology that has been hailed as a game changer in the ethyleneamines market. The process made it possible to reduce raw material consumption which in turn has contributed towards lowering production costs and improving environmental performance when compared to the current process of ethyleneamines production.

U.S. diethylenetriamine (DETA) industry 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.

UK tetraethylenepentamine (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.

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.

 

Glimpse of Table of Content (ToC)

Chapter 3   Ethyleneamines Market Insights

3.1   Ethyleneamines market segmentation

3.2   Ethyleneamines market landscape, 2013 – 2024

3.3   Ethyleneamines market ecosystem analysis

3.4   Vendor Matrix

3.4.1   Distribution channel analysis

3.4.1.1   Collaborations/Partnerships

3.4.1.2   Distributors

3.5   Regulatory landscape

3.5.1   U.S.

3.5.1.1   Ethylenediamine: Acute Exposure Guideline Levels

3.5.2   Europe

3.5.2.1   Council Directive 91/414/EEC of 15 July 1991 concerning the placing of plant protection products on the market

3.6   Raw material analysis

3.7   Technology landscape

3.7.1   Ethyleneamines production process

3.8   Cost Structure Analysis

3.9   Pricing analysis

3.9.1   Ethylenediamine

3.9.2   Diethylenetriamine

3.9.3   Triethylenetetramine

3.9.4   Tetraethylenepentamine

3.10   Growth drivers

3.10.1   North America: Growing medical equipment market in the region owing to extensive presence of hospitals and public health institutions.

3.10.1.1   Europe: Growing fuel additive and surfactant market will drive product demand.

3.10.1.2   Asia Pacific:  Growing agrochemical and pesticides market in the region.

3.10.1.3

3.11   Industry pitfalls & challenges

3.11.1   Health concern due to exposure

3.12   Innovation & Sustainability

3.13   Growth potential analysis

3.14   Emerging business model

3.14.1.1   Acquisition

3.15   Porter’s analysis

3.16   Competitive landscape, 2017

3.16.1   Strategy dashboard

3.17   PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/ethyleneamines-market

 

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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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