Global Aminoethylethanolamine Market by Application (Chelating Agent, Lubricants), by Grade (>99%, <99%) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

The global aminoethylethanolamine market size was valued at USD 207.8 million in 2019 and is expected to register a compound annual growth rate (CAGR) of 4.7% from 2020 to 2027. The market is expected to grow because of the rising demand for chelating substances in detergents and cleaners. The chemicals known as chelating agents react with metalions to create a water-soluble compound. Globally, the presence of minerals such as calcium or magnesium in water is a constant problem. Manufacturers of cleaners and detergents are constantly working to develop formulations that reduce the amount of minerals found on surfaces such as clothing or appliances. Soap & detergent formulations react with calcium and magnesium salts in hard water to create a soapy substance that is insoluble in water.

Water-soluble metal complexes are formed by chelating agents. This helps to form lather and decrease surface tension. Amino Ethyl Ethanol Amine is used as a chemical chelator because it contains a primary and a secondary amine group which can be used for metal complexes. It is being used as an alternative to phosphonates or citric acid as potential chelating agents. In the last few years, household cleaners and detergents have been in high demand. The market has seen significant growth due to changes in consumer behavior, including the adoption of online channels to purchase household products. Due to increasing awareness and population, the demand for household cleaning products in the U.S. and China is higher than in Japan and China.

Consumers in emerging economies such as India and Indonesia, Indonesia, the Philippines and Argentina are following a similar trend. Manufacturers are expected to make more investments in Asia Pacific over the next few years, as the region hosts the majority of high-growth markets. As chelating agent volumetric consumption in emerging countries is rising rapidly, private label products will be a major contributor to the market growth.

As a key component in detergent formulations, chelating agents are expected to be in demand as well. Market growth will be aided by the degrading of water quality in emerging countries due to heavy industrialization. As more detergents are produced, the demand will rise due to a healthier lifestyle and greater penetration of online distribution channels.

Grade Insights

With a market share of over 57%, the >99% grade segment dominated the market in terms of volume. The wide application of grade types across different industries is responsible for this high share. AEEA can be used in many industries because of its unique properties such as low vapor pressure and versatility. Some of the most prominent producers of AEEA products with >99% and 99% purity include Nouryon Chemicals, Dow Chemicals, Prasol Chemicals, Huntsman Corp. and Huntsman Corp.

Aminoethylethanolamine with concentration more than 99% is broadly utilized as a chelating agent and as an additive for latex paints. It can also be used in engine oil dispersant and many other lubricants. The >99% AEEA has many benefits, including high viscosity and adaptability to harsh climate conditions. Among the top global producers of AEEA >99% grade are Dow Chemical, BASF and Huntsman Corporation.

Products with a concentration below 99% are used in many applications such as fabric softeners and ore flotation. This market segment will likely see a slowdown in growth due to a lack of technological innovations by key product manufacturers.

Application Insights

The market leader in volume was the lubricant applications, with a 41.6% share in 2019. This can be attributed to the demand for lubricant ingredients to improve the properties of lubricants to make them more efficient for vehicles and machines. To improve the performance of their products, key lubricant manufacturers depend on continuous procurement of fuel additives in order to capture more market share.

AEEA has also been reflected in many other industries, including textile producers and agrochemical manufacturers. These industries are experiencing high growth, so the demand for AEEA will also rise in the future.

Surfactants are also used commercially to lower the surface tension of gas & liquid, two fluids and solid & liquid. They act as wetting agents and foaming agents, dispersants and detergents. AEEA is used in multiple industrial products as a surfactant intermediate.

Because of their versatility in the formulation of paints and inks, surfactants are becoming more popular. Surfactants are expected to grow in popularity due to increased demand from agrochemical manufacturers such as herbicides and insecticides makers, personal care product companies that manufacture hair conditioners and shower gels as well as from personal grooming products companies for making shampoos, toothpastes and other cosmetics.

Regional Insights

In terms of revenue in 2019, Asia Pacific was the largest market, with a 47.1% global share. Due to easy access to raw materials and skilled labor, the market will continue to grow at a steady rate of CAGR between 2020 and 2027. Many automakers in Asia Pacific are dependent on premium lubricants. This will likely positively impact the consumption of AEEA within the region.

North America is a key hub for most global pharmaceutical companies. Companies operating in the region ecosystem are increasing their innovation in medical technologies. They are now focusing on expanding research to develop new products for the market. AEEA-based chelating agents are widely used in pharmaceutical applications as stabilizers to improve the stability of medicines.

The lubricant industry is another area of high demand. This sector requires high-performance products with longer oil drain intervals. AEEA is one of many lubricant additives that have been developed. These factors all add up to a projected steady demand for AEEA over the forecast period in North America. Europe is the second largest market, due to growing end-use industries in European countries.

The strong presence of major automobile manufacturers in the region, coupled with an increase number of after-sales services for automotive companies, will help to buoy the regional market. The European Commission reports that the region is experiencing significant growth in the textiles and clothing industry. AEEA is needed for textile production and care products.

Market Share Insights & Key Companies

Major companies are now focusing on product development, partnerships and collaborations in order to reach the largest possible customer at the lowest distribution cost. To increase their market penetration and product positioning, specialty chemical manufacturers, such as softeners and surfactants, have been active in collaborations with industry leaders. Market leaders are also focusing on the analysis of customer needs and the value proposition of their competitors in the market. They invest in new technologies and are constantly innovating to lower their production costs and increase their operational efficiency. Some of the prominent players in the aminoethylethanolamine market include:

• AkzoNobel

• Ashland

• Dow Inc.

• Huntsman International

• TCI Chemicals Ltd.

• Tosoh Corporation

Up Market Research published a new report titled “Aminoethylethanolamine Market research report which is segmented by Application (Chelating Agent, Lubricants), by Grade (>99%, <99%), By Players/Companies Ashland, AkzoNobel, Dow Inc, Tosoh Corporation, Huntsman International, TCI Chemicals Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Aminoethylethanolamine Market Report Segments:

The market is segmented by Application (Chelating Agent, Lubricants), by Grade (>99%, <99%).

Aminoethylethanolamine Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Aminoethylethanolamine Market

Overview of the regional outlook of the Aminoethylethanolamine Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Aminoethylethanolamine Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Aminoethylethanolamine Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Chelating Agent

                2. Lubricants

                1. >99%

                2. <99%

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Aminoethylethanolamine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Aminoethylethanolamine Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.