[FURL=https://www.industryarc.com/Report/16439/ethyleneamines-market.html]Ethyleneamines Market[/FURL] size is forecast to reach $2.3 billion by 2025, after growing at a CAGR of 4.56% during 2020-2025, owing to the increasing demand for ethyleneamines such as Ethylenediamine (EDA) and diethylenetriamine (DETA) from various end-use industries. Ethyleneamines are primarily used in the chemistry of epoxy resin curing agents and as building block chemicals. Growing product applications as chelating agents, asphalt additives, bleach activators, and corrosion inhibitors may boost industry size in the forecast period. Due to their good foaming properties, ethyleneamines are commonly used in surfactants that are likely to propel market growth. Key Takeaways
Asia Pacific dominates the ethyleneamines market, owing to the increasing demand and production of automobiles. In 2018, the production of light commercial vehicles in the APAC region rose by 10.2 percent, according to OICA.
Ethyleneamines market size is anticipated to grow significantly owing to its increasing application in the textile industry. Aminoethyl ethanolamine has inimitable features and is used as an intermediate in fabric softeners, production of detergents, and chelates which is likely to boost the ethyleneamines market growth during the forecast period.
Oil extractions at oil fields in the Middle East and African regions extensively use ethyleneamines for the drilling operation, which is anticipated to boost the ethyleneamines market growth during the forecast period.
Due to the COVID-19 pandemic, the entire world has gone into a lockdown period due to which operations of various end-use industries such as oil & gas, adhesives are disruptively stopped, which is affecting the ethyleneamines market.
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Ethyleneamines Market Segment Analysis - By Application
The resins application held the largest share in the ethyleneamines market in 2019, due to the increasing demand for ethyleneamines from various end-use industries to manufacture epoxy curing agents, ion exchange resin, polyamide resins, and wet strength resins. Diethylenetriamine-based polyamines are widely used as wet-strength additives for paper. These resins enable a wet-strength performance as needed for use in wet conditions. Applications include tissues or packaging boards. In addition to the liquid resins used as epoxy hardeners, the main type of polyamide resin is the one generally prepared by the condensation reaction of diamines with di- and polybase fatty acids.
Ethyleneamines Market Drivers
Increasing Agriculture Sector Due to Increasing Governments Initiatives
Increasing Automotive Production
Major players in the ethyleneamines market are Akzo Nobel N.V., Huntsman Corporation, The Dow Chemical Company, BASF S.E., Tosoh Corporation, Delamine B.V., Diamines & chemical limited.
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