Global Ethanolamine Market Worth $5.5 Billion by 2019
Jun 23, 2015, 08:30 ET
FORT WORTH, Texas, June 23, 2015 /PRNewswire/ --
According to the new Market Research Report "Global Ethanolamine Market by Application (Personal Care, Textile Chemicals, Gas Treatment, Agricultural Chemicals, and Others), by Geography - Analysis and Forecast to 2019", The global ethanolamine market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $4.2 billion in 2014 and is projected to reach $5.5 billion by 2019, at a CAGR 5.3% from 2014 to 2019.
Browse through the TOC of Global Ethanolamine Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
Early buyers will receive 10% customization on this report.
Ethanolamine is a toxic, flammable, corrosive, colorless, viscous liquid with an odor similar to that of ammonia. It is basically used as feedstock in the production of detergents, emulsifiers, polishes, pharmaceuticals, corrosion inhibitors, and chemical intermediates. Ethanolamines are used in varied applications, such as personal care, textile chemicals, gas treatment, and agricultural chemicals among others. The personal care segment accounts for the highest share in the global ethanolamine market.
The growth in the global ethanolamine market is mainly attributed to the rise in demand in the developing economies of APAC and Europe. Additionally, low cost of production has also resulted in the widespread adoption of ethanolamine. However, uncertain fluctuations in the prices of raw materials to manufacture ethanolamine are a big concern for the companies which deals in the final products from ethanolamine. This in turn acts as a major restraining factor hampering the growth of the global ethanolamine market.
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Key Players of the Global Ethanolamine Market include:
BASF SE (Germany), Dow Chemical Corporation (U.S.), Akzo Nobel (The Netherlands), Huntsman Corporation (U.S.), SINOPEC (China)
The global ethanolamine market is segmented on the basis of application and geography. By geography, this market is further classified into regions such as Europe, North America, Asia-Pacific, and rest of the world. In 2014, the North American region dominated the global ethanolamine market, both in terms of volume and value.
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