Ethyleneamines Market - Growth, Trends, and Forecasts (2023 - 2028)

The ethyleneamines market is expected to have a CAGR of around 5.2% during the forecast period (2022-2027). The adhesives, paints, and resins segment dominated the market with the increasing demand from various end-user industries.

Key Highlights

• Key driving factors responsible for the rising demand are the accelerating demand for pesticides in the developing countries and the use of ethyleneamines in the automotive industry as an additive in fuels and lubes to have ash-less emissions.
• However, the hazardous health effects due to direct exposure or leakage are expected to slow down the market growth.
• Increasing usage of bio-based products for agriculture in developed countries is expected to reduce the demand for ethyleneamines in the market.
• Increasing R&D for new product development and optimizing the use of ethyleneamines for various other applications are expected to act as an opportunity in the future.

Key Market Trends

Ethylenediamine Type to Dominate the Market

• Ethylenediamine (EDA) is one of the major derivatives of ethyleneamines, and it accounted for the largest share in the ethyleneamines market. It is a colorless liquid with an ammonia-like odor. It is the first member of the polyethylene amine family. Ethylenediamine is manufactured by reacting ethanolamine with ammonia in the presence of a nickel catalyst. It can be further purified by treating it with sodium hydroxide to remove water.
• Ethylenediamine is a key raw material in the production of mancozeb, a fungicide that helps in the protection of a number of crops from a wide range of fungal diseases. It is also used in the manufacturing of imidacloprid, the most used insecticide across the world.
• Some of the other applications of ethylenediamine include - chelating agents, corrosion inhibitors, ethylene urea resins, ion exchange resins, lubricants for thermoplastic resin, oil additives, polyamide resins, reforming agents for soils, elastomeric fibers, rubber chemicals, surface-active agents, and fungicides.
• Ethylenediamine is a major ingredient in the pharmaceutical industry. It is used in the manufacturing of common bronchodilator drug aminophylline used in asthma and other chronic lung diseases.
• Hence, with the growing demand from various applications, the demand for ethylenediamine is expected to increase over the forecast period considerably.

Asia-Pacific to Dominate the Market

• The Asia-Pacific region is expected to dominate the market for ethyleneamines during the forecast period due to the growing demand for products in the automotive and agrochemicals industry.
• China and India account for the major demand for ethyleneamines, and China is the major producer of ethyleneamines in this region. Ethyleneamines are used in a large number of industries in China, including personal care, textile, adhesives and paints, automotive, and several others.
• Demand for ethylenamines in India is going to increase after the government has made new regulations and policies for the automotive industry. This is expected to boost the demand for ethyleneamines due to its requirement as a fuel additive.
• Both China and India's demand for ethyleneamines in the oil and gas sector has increased due to a huge amount of consumption, owing to its requirement in the refining processes.
• Overall, with the consistent growth in countries, like China, India, Japan, and Malaysia, the demand for ethyleneamines is expected to increase at a faster pace in the region.

Competitive Landscape

The ethyleneamines market is highly consolidated, with the top five players accounting for around 80% of the market share. Some of the major players in the market include (not in any particular order) Huntsman International LLC, Dow, Nouryon, BASF SE, and Tosoh Corporation.

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