Ethanolamines Market Share, Size Global Historical Analysis, Segmentation, Application, Technology, Trends and Opportunities Forecasts to 2025
Ethanolamines Market |
Ethanolamine is an organic chemical molecule that is both a main amine and a primary alcohol. It is also known as 2-aminoethanol or monoethanolamine. The substance is corrosive, combustible, poisonous, colourless, and viscous, and it is utilised in scrubbing acid solutions and dispersions, detergent feedstock material, emulsification agents, and other chemical intermediaries.
One of the primary factors driving the growth of the Ethanolamines Market is the rising industrialisation around the world. The growing use of the product as a feedstock for detergents, polishes, and pharmaceuticals, as well as increasing demand from end-use sectors like herbicides, detergents, and textiles, are propelling the market forward. The market is also influenced by an increase in application scope, such as construction chemicals and corrosion inhibitors for metal protection, as well as a high preference for the product in various industries because it functions as a weak base compound and is an essential head group for phospholipids. Furthermore, research and development activities, increased investment, increased per capita disposable income, and increased consumer awareness all benefit the ethanolamines industry.
Ethanolamines are also used to make bath foams, liquid soaps, and shampoos in the cosmetics and personal care business. The European Commission, on the other hand, has restricted the use of diethanolamines in cosmetics in order to reduce contamination from carcinogenic nitrosamines. Furthermore, numerous studies have demonstrated the harmful effects of this chemical on the liver, and linkages to liver malignancies have been discovered in recent decades. According to the United States Department of Health and Human Services' NIH Publication No. 92-3343, published in October 1992, diethanolamines have harmful effects on the liver and have been linked to liver tumours in the past.
The major players in the global ethanolamines market include The Dow Chemical Company, SABIC, LyondellBasell Industries N.V., Huntsman Corporation, China Chemical & Petroleum Corporation, BASF SE, Sintez OKA LLC, Daicel Chemical industries Ltd. and Celanese Corporation.
The major players in the global ethanolamines market include The Dow Chemical Company, SABIC, LyondellBasell Industries N.V., Huntsman Corporation, China Chemical & Petroleum Corporation, BASF SE, Sintez OKA LLC, Daicel Chemical industries Ltd. and Celanese Corporation.
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