The
Global
Ethanolamines Market was
valued at US$ 2.99 Billion in 2016, according
to a new report published by
Coherent
Market Insights.
Ethanolamines are colorless, viscous organic compound with molecular
formula HOCH2CH2NH2. These are used as a feedstock in the manufacture
of Monoethanolamines (MEA), Diethanolamines (DEA) and
Triethanolamines (TEA), which finds wide application in the
production of emulsifiers, detergents, polishes, chemical
intermediates, corrosion inhibitors and pharmaceuticals.
Diethanolamines are largely used as a feedstock in the production of
agrochemicals, which is used to manufacture herbicides. Glyphosate
are commonly used herbicides to kill insects, such as weeds in the
agricultural fields. North America followed by Asia Pacific are
leading in terms of consumption and production of herbicides in the
past and expected to retain the trend in the following years for
diethanolamine market. Diethanolamines are the primary feedstock used
in the manufacture of glyphosate. Increasing demand for glyphosate
from agricultural industry, is in turn expected to propel the market
for diethanolamines market during the forecast period. Moreover,
diethanolamines finds wide application in process chemical industry,
which is used as a gas scrubbing agents. Also, petrochemical industry
and petroleum refinery uses diethanolamines to remove carbon dioxide
and hydrogen sulfide from the gas stream and the process is known as
gas sweeting process.
Request
Sample of Ethanolamines Market:
https://www.coherentmarketinsights.com/insight/request-sample/378
Burgeoning
demand for cosmetic and personal care products on the back of
increasing inclination of the populace towards personal aesthetic
appeal, which in turn is augmenting demand for ethanolamine, as it
finds large application in the manufacture of various fatty acids
amides, which are used in various cosmetic products. Also,
ethanolamines is used as intermediates in the manufacturing of
corrosion inhibitors, water soluble lubricants, emulsifiers and
biocides.
According
to the stats provided by Coherent Market Insights, in 2016, the
global surfactants market in the application segments is dominating
in 2016 and the trend is expected to continue in the following years.
Surfactants are widely used chemicals in various industry as well as
in household purposes. For instance—
-
Cleaning of storage tanks and crude oil transportation lines in downstream petroleum industry
-
Enhanced Oil Recovery system in upstream oil & gas industry
-
Biocides in agricultural industry
-
Immunological adjuvant and gene delivery in healthcare industry.
Key
takeaways of the market:
-
Asia Pacific dominated the market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for ethanolamine derivatives in various end-use industries such as agriculture, refinery, and construction chemicals due to low production cost of ethanolamines in China and India over following years is the major driving force to position Asia-Pacific as the largest and fastest-growing region in the global ethanolamines market.
-
The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in agricultural activities along with increasing textile industry are expected to create lucrative growth opportunities for the players in this region.
To
Get Discount On This Report:
https://www.coherentmarketinsights.com/insight/request-discount/378
-
Major challenges faced by the global ethanolamines market include stringent regulations coupled with adverse health impact of these chemicals on environment as well as human being. For instance, in November 30, 2009, The European Parliament and The Council of the European Union had banned DEA use in cosmetics to reduce contamination from carcinogenic nitrosamines. Also, various medical test proves the effects of this chemical on liver and links have been found to liver tumors in the past decades. According to United States Department of Health and Human Services-- NIH Publication No. 92-3343, in October 1992, proves the ill effects of diethanolamines on liver and also links have been found to liver tumor in past decades.
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market
analysis, consulting services, and competitive analysis through
various recommendations related to emerging market trends,
technologies, and potential absolute dollar opportunity.
Contact UsMr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/
Visit
Blog : http://globalresearchtrends.blogspot.in/
No comments:
Post a Comment