Ethanolamine Market: By Type (Diethanolamine (DEA), Monoethanolamine (MEA), and Triethanolamine (TEA)), By Application (Cleaning, Cosmetics, Gas Treatment, Lubricants, Water Treatment, and Others), By End User (Agrochemical, Chemical, Personal Care, Polyurethane, Rubber, Oil & Petrochemical and Others) and Geography  

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Ethanolamine Market size was valued at USD 2.9 billion in 2023 and is expected to grow at a significant CAGR of 5.2% from 2024-2030. The global market provides a detailed overview of the market that can be segmented by application type, and by organic compound type. By application type, the Ethanolamines market growth has been segmented into Gas Treatment, Metal Cleaning, Wood Preservatives, Personal Care, Detergents, Textile, Herbicides, Industry, Agrochemicals, Detergent, Agrochemicals, and Others. The Gas Treatment segment is likely to be the largest and fastest-growing segment in terms of application type. Natural gas must be treated or sweetened before use. Water, carbon dioxide, and hydrogen sulfide must be removed. Gas sweetening methods are continually being enhanced in terms of efficacy and price. Recent research has fixated on absorption and adsorption methods, such as dry adsorption and wet absorption.

A single chemical solvent, such as diethanolamine (DEA) or monoethanolamide (MEA), or methyl diethanolamine (MDEA), is used in the process. Based on Organic compound type, the Ethanolamines market is segmented into Monoethanolamine (MEA), Diethanolamine (DEA), and Triethanolamine (TEA). Among these, the Diethanolamine (DEA) type segment is expected to have the fastest-growing market during the forecast period 2022-2028. Ethanolamines are also utilized in numerous personal care and cosmetics industries for the production of liquid soaps, bath foams, and shampoos. However, the usage of diethanolamines in cosmetics had barred by The European Commission to lower the pollution from carcinogenic nitrosamines. Also, many studies show the side effects of this chemical on the liver, and relations have been discovered to liver tumors in the past years. By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.

Ethanolamine Market Key Development:
  • In August 2021, SINOPEC and BASF SE extended their Verbund site in Nanjing, China, through a joint venture.

Global Ethanolamine Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.3%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Ethanolamine Market Dynamics

The rising inclination of the population towards artistic appeal is anticipated to propel the market growth over the forecast years. Moreover, the growing demand for personal and cosmetic care products is burgeoning the market growth over the forecast years.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Ethanolamine Market Segmentation

By Type
  • Diethanolamine (DEA)
  • Monoethanolamine (MEA)
  • Triethanolamine (TEA)
By Application
  • Cleaning
  • Cosmetics
  • Gas Treatment
  • Lubricants
  • Water Treatment
  • Others
By End-user
  • Agrochemical
  • Chemical
  • Personal Care
  • Polyurethane
  • Rubber, Oil & Petrochemical
  • Others
By Geography
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The ethanolamine market size was valued at USD 2.9 billion in 2023.

The key segments covered in the ethanolamine market are technology, components, application, and end-users.

The Ethanolamine market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Ethanolamine market key players are DOW, BASF, Ineos Oxides, Huntsman, Akzo Nobel, Nippon Shokubai, Mitsui Chemicals, KPX Green, Arak Petrochemical Company, OUCC, Yinyan Specialty Chemicals, Jiahua, Xian Lin Chemical, Maoming Petro-Chemical Shihua, JLZX Chemical

1. Executive Summary
2. Global Ethanolamine Market Introduction 
2.1.Global Ethanolamine Market  - Taxonomy
2.2.Global Ethanolamine Market  - Definitions
2.2.1.Type
2.2.2.Application
2.2.3.End User
2.2.4.Region
3.Global Ethanolamine Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID-19 on Market
4. Global Ethanolamine Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Ethanolamine Market  By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Diethanolamine (DEA)
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Monoethanolamine (MEA)
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Monoethanolamine (MEA)
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Ethanolamine Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Cleaning
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cleaning
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Gas Treatment
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Ethanolamine Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Agrochemical
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Chemical
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Personal Care
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Polyurethane
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Rubber
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Oil & Petrochemical
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Others
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
8.Global Ethanolamine Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Ethanolamine Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Diethanolamine (DEA)
9.1.2.Monoethanolamine (MEA)
9.1.3.Monoethanolamine (MEA)
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Cleaning
9.2.2.Cleaning
9.2.3.Gas Treatment
9.2.4.Others
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Agrochemical
9.3.2.Chemical
9.3.3.Personal Care
9.3.4.Polyurethane
9.3.5.Rubber
9.3.6.Oil & Petrochemical
9.3.7.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Ethanolamine Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Diethanolamine (DEA)
10.1.2.Monoethanolamine (MEA)
10.1.3.Monoethanolamine (MEA)
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Cleaning
10.2.2.Cleaning
10.2.3.Gas Treatment
10.2.4.Others
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Agrochemical
10.3.2.Chemical
10.3.3.Personal Care
10.3.4.Polyurethane
10.3.5.Rubber
10.3.6.Oil & Petrochemical
10.3.7.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Ethanolamine Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Diethanolamine (DEA)
11.1.2.Monoethanolamine (MEA)
11.1.3.Monoethanolamine (MEA)
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Cleaning
11.2.2.Cleaning
11.2.3.Gas Treatment
11.2.4.Others
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Agrochemical
11.3.2.Chemical
11.3.3.Personal Care
11.3.4.Polyurethane
11.3.5.Rubber
11.3.6.Oil & Petrochemical
11.3.7.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Ethanolamine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Diethanolamine (DEA)
12.1.2.Monoethanolamine (MEA)
12.1.3.Monoethanolamine (MEA)
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Cleaning
12.2.2.Cleaning
12.2.3.Gas Treatment
12.2.4.Others
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Agrochemical
12.3.2.Chemical
12.3.3.Personal Care
12.3.4.Polyurethane
12.3.5.Rubber
12.3.6.Oil & Petrochemical
12.3.7.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Ethanolamine Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Diethanolamine (DEA)
13.1.2.Monoethanolamine (MEA)
13.1.3.Monoethanolamine (MEA)
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Cleaning
13.2.2.Cleaning
13.2.3.Gas Treatment
13.2.4.Others
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Agrochemical
13.3.2.Chemical
13.3.3.Personal Care
13.3.4.Polyurethane
13.3.5.Rubber
13.3.6.Oil & Petrochemical
13.3.7.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.DOW
14.2.2.BASF
14.2.3.Ineos Oxides
14.2.4.Huntsman
14.2.5.Akzo Nobel
14.2.6.Nippon Shokubai
14.2.7.Mitsui Chemicals
14.2.8.KPX Green
14.2.9.Arak Petrochemical Company
14.2.10.OUCC
14.2.11.Yinyan Specialty Chemicals
14.2.12.Jiahua
14.2.13.Xian Lin Chemical
14.2.14.Maoming Petro-Chemical Shihua
14.2.15.JLZX Chemical
15. Research Methodology 
16. Appendix and Abbreviations 
  • DOW
  • BASF
  • Ineos Oxides
  • Huntsman
  • Akzo Nobel
  • Nippon Shokubai
  • Mitsui Chemicals
  • KPX Green
  • Arak Petrochemical Company
  • OUCC
  • Yinyan Specialty Chemicals
  • Jiahua
  • Xian Lin Chemical
  • Maoming Petro-Chemical Shihua
  • JLZX Chemical

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