[FURL=https://www.industryarc.com/Report/15914/diethanolamine-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Diethanolamine Market[/FURL] size is forecasted to grow at a CAGR of 4.8% during 2021-2026 due to rising demand from end-use sectors such as paint & coatings, pharmaceutical, textile, agriculture, personal care & cosmetics, and others. Diethanolamine (DEA) is an ethanolamine compound and is produced by ethylene oxide with ammonia. Additionally, diethanolamine is a colorless liquid compound that is used in the production of rubber chemicals. These liquid compounds are used as chemical intermediates in agrichemicals and pharmaceuticals.Key Takeaways
Asia Pacific dominates the market of diethanolamine due to growing demand from various end-use industries such as pharmaceutical, agriculture, and others, in emerging and developing countries such as India, Thailand, China, and others.
Increasing consumption of ethanolamine compound diethanolamine is used to neutralize and solubilize a variety of resins for water-soluble paints and is estimated to grow the demand for diethanolamine.
Additionally, diethanolamine is polyfunctional which is used as a chemical intermediate, corrosion inhibitor, and dispersing agent for the production of rubber chemicals, and agriculture chemicals.
However, according to the USA Environmental Protection Agency, diethanolamine causes hazardous air pollutants and may cause cancer in humans which may hamper the market growth.
Download Sample Report @ [FURL]www.industryarc.com/pdfdownload.php?id=15914[/FURL]
Diethanolamine Market Segment Analysis – By Geography
Asia Pacific dominated the global diethanolamine market in 2020 with a share of 37% due to growing consumption from construction, textiles, pharmaceutical, agriculture, and other industries especially in India, Thailand, China, and others. Diethanolamine is produced by ethylene oxide with the reaction of ammonia and is an ethanolamine compound that is widely used in personal care & cosmetic products and the pharmaceutical sector. Additionally, diethanolamine is used as a gas treating agent, corrosion inhibition, reacting agent, surfactant, and another applicant in various industries such as oil & gas, agricultural, construction, and another sector. Thus, increasing such industries is growing consumption of diethanolamine.
Diethanolamine Market Drivers
Increasing Demand from Agriculture Sector
Increasing Rubber Production is Estimated to Grow the Consumption of 1,2-Dichloroethane
Diethanolamine Market Landscape
Major players in the Diethanolamine Market include The Dow Chemical Company, BASF SE, HELM AG, Huntsman Corporation, VWR International LLC, Alfa Aesar, Spectrum Chemical MFG Group, BeanTown Chemicals, and among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.