Aminoethylethanolamine Market Size Worth $299.7 Million by 2027 | CAGR 4.7%: Grand View Research, Inc.

News provided by

Jun 23, 2020, 04:35 ET

SAN FRANCISCO, June 23, 2020 /PRNewswire/ -- The global aminoethylethanolamine market size is projected to reach USD 299.7 million by 2027 registering a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Rising demand for polyurethane products as well as increasing consumption of chelating agents in detergents and cleaning products are projected to drive the market. Polyurethane is widely utilized across numerous end-use industries, such as automotive, construction, consumer goods, electrical & electronics, packaging and footwear, owing to its inherent advantageous characteristics including high thermal & chemical resistance, durability, and low-cost production.

Key suggestions from the report:

>99% grade of AEEA accounted for the largest volume share in 2019 and is projected to expand at a steady CAGR from 2020 to 2027 on account of its utilization as a dispersant in engine oil and other lubricants
Lubricants application is expected to witness a CAGR of 3.2%, in terms of volume, from 2020 to 2027 due to increasing demand for fuel additives
Asia Pacific is expected to register the fastest growth rate of 3.9%, in terms of volume, from 2020 to 2027 owing to strong presence of cleaning products manufacturers, lubricant formulators, and textile producers in the region
The major companies are adopting strategies, such as mergers & acquisitions and project expansion, to strengthen their market position

Read 148 page research report with ToC on "Aminoethylethanolamine Market Size, Share & Trends Analysis Report By Grade (>99%, <99%), By Application (Chelating Agent, Lubricants), By Region (North America, APAC, Europe), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/aminoethylethanolamine-market

It is one of the highly consumed plastics owing to its favorable physical properties and abrasion resistance. Amino Ethyl Ethanol Amine (AEEA) is used to manufacture polyurethane that is used in the production of spray foams, appliances, building panels, and automotive elastomers. China is a global leader, in terms of polyurethane consumption, owing to rising demand from end-use industries. The presence of a large number of manufacturers coupled with investments in upstream activities is driving the demand. North America and Europe markets are growing steadily owing to slightly sluggish growth in the end-use industries.

Increased efficiency in building materials has generated higher demand for efficient insulating materials to regulate HVAC. PU foams are extremely efficient insulation materials, which lead to greater energy savings. Numerous businesses have realized other intangible benefits of green buildings, such as increased employee productivity, improved employee satisfaction, and their positive impact on company's brand and reputation. These factors are likely to fuel the utilization of AEEA in the manufacturing of polyurethane over the coming years. Furthermore, detergents and household cleaners have exhibited significant growth in the past few years due to factors such as, rising disposable income in emerging economies, which is also driving the market.

Grand View Research has segmented the global aminoethylethanolamine market on the basis of grade, application, and region:

Amino Ethyl Ethanol Amine Grade Outlook (Volume, Tons; Revenue, USD Thousand, 2016 - 2027)

>99%
<99%

Amino Ethyl Ethanol Amine Application Outlook (Volume, Tons; Revenue, USD Thousand, 2016 - 2027)

Chelating Agent
Surfactants
Textile Additives
Fabric Softeners
Lubricants
Others

Amino Ethyl Ethanol Amine Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2016 - 2027)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
Spain
France
Italy
Russia
The Netherlands

Asia Pacific

China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam

Central & South America

Brazil
Argentina

Middle East & Africa

Turkey
Egypt
Iran
UAE
Saudi Arabia
South Africa

List of Key Players of Aminoethylethanolamine Market

AkzoNobel
Ashland
Dow Inc.
Huntsman International
TCI Chemicals Ltd.
Tosoh Corporation

Find more research reports on Organic Chemicals Industry, by Grand View Research:

Textile Flame Retardants Market– The market is driven by the increasing demand for fire retardant fabrics from various end-use industries, such as defense, transportation, and industrial manufacturing.
Detergent Chemicals Market– Increasing demand for detergents from cosmetics, personal care, institutional and household end use industries is expected to drive the market over the forecast period.
Europe Fluorosilicic Acid Market–High consumption of the product for manufacturing hydrogen fluoride-primarily used as an industrial raw material for manufacturing aluminum, gasoline, and refrigerants-is anticipated to drive the growth of the market.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

SOURCE Grand View Research, Inc.