Ethanolamines Market Report 2025 (Global Edition)

Global Ethanolamines Market Report 2025 Market Size Split by Type (Monoethanolamine (MEA), Diethanolamine (DEA), Triethanolamine (TEA)), by Application (Agriculture, Construction, Personal Care, Oil a...

Ethanolamines Market Report Description

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Competitive Landscape of the Ethanolamines Market

The competitive landscape of the Ethanolamines market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts

In April 2022, the Verbund site operated by BASF-YPC Co., Ltd. (BASF-YPC), a 50/50 joint venture between BASF and SINOPEC in Nanjing, has expanded. The participants in the joint venture will be able to produce other compounds, including ethanolamines.

(Source: https://www.basf.com/in/en/media/news-releases/asia-pacific/2022/04/basf-and-sinopec-break-ground-for-the-expansion-of-the-joint-ver.html)

Top Companies Market Share in Ethanolamines Industry: (In no particular order of Rank)

• Jiaxing Jinyan Chemical Co. Ltd
• Nouryon
• Indorama Ventures Limited
• INEOS
• BASF SE
• LyondellBasell Industries Holdings B.V.
• Dow
• SABIC
• Sintez OKA Group of Companies
• OUCC
• China Petrochemical Corporation
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Ethanolamines Market

Which Region Dominates the Ethanolamines Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The industrial environment in North America is varied, encompassing the manufacturing, automotive, and chemical processing industries. Applications for ethanolamines in industry include gas treatment, metalworking fluids, and surfactants. Market expansion is propelled by these industries' need for ethanolamines.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Ethanolamines market. The market growth in the region is attributable to the increasing urbanization along with the rising construction sector. Moreover, the growth in the agriculture industry is also one of the prominent factor that influence the market growth during the forecast period

 

The current report Scope analyzes Ethanolamines Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Ethanolamines

According to Cognitive Market Research, the global Ethanolamines market size was estimated at USD 3125.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1250.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• In North America, the Ethanolamines market exhibits a promising landscape characterized by the growing construction sector and increasing product innovation.
• Regional analysis reveals that the United States and Canada are the primary contributors to market growth, driven by the rising collaboration and growing investment.
• Segmentation analysis further highlights Monoethanolamine (MEA), Diethanolamine (DEA), Triethanolamine (TEA) growth at a rapid rate in the region, due to the rising investments.
• In conclusion, North America presents a lucrative market opportunity for Ethanolamines manufacturers, driven by growing product launch and increasing investment in innovative product and growing construction sector.
• According to Cognitive Market Research, the US had a major share in the Ethanolamines market with a market size of USD 986.31 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period.
• The growth in the country is attributed to the rising investment in construction sector. • The Canada Ethanolamines market had a market share of USD 150.01 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period.
• The country is attributed to the rising investment. • The Mexico Ethanolamines market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 113.76 million in 2024.

Europe Ethanolamines

According to Cognitive Market Research, the global Ethanolamines market size was estimated at USD 3125.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 937.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• In Europe, the Ethanolamines market presents a dynamic landscape characterized by growing emphasis on sustainable product launch.
• Regional analysis indicates that countries like Germany, the UK, and Russia are the key contributors to market growth, driven by factors such as a strong economy, increasing investments, and growing product launch.
• Segmentation analysis further highlights the adoption of different categories in the region, with Triethanolamine (TEA) is the dominant categories.
• In conclusion, Europe represents a lucrative market for Ethanolamines manufacturers, driven by rising investment and rising product launch.
• The United Kingdom Ethanolamines market had a market share of USD 157.51 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period.
• In the UK, Ethanolamines sales witness an upswing due to the nation's growing investment.
• The France Ethanolamines market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 86.26 million in 2024.
• According to Cognitive Market Research, the Germany Ethanolamines market size was valued at USD 185.64 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period.
• In Germany, Ethanolamines sales surged due to the presence of major companies.
• The Italy Ethanolamines market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 80.63 million in 2024.
• The Russia Ethanolamines market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD 145.32 million in 2024.
• The Spain Ethanolamines market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 76.88 million in 2024.
• The Luxembourg Ethanolamines market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 29.06 million in 2024.
• The Portugal Ethanolamines market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 19.69 million in 2024.
• The Greece Ethanolamines market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 11.25 million in 2024.
• Rest of Europe Ethanolamines market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 145.32 million in 2024.

Asia Pacific Ethanolamines

According to Cognitive Market Research, the global Ethanolamines market size was estimated at USD 3125.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 718.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. In the Asia Pacific region, the Ethanolamines market exhibits robust growth prospects driven by growing urbanization and rising construction industry. Regional analysis indicates that countries such as China, Japan, South Korea, and India are key contributors to market expansion, with growing investment and increasing product launches. Segmentation analysis reveals a diverse range of type such as Monoethanolamine (MEA), Diethanolamine (DEA), Triethanolamine (TEA) to cater to different consumer bases. In conclusion, the Asia Pacific region presents immense growth opportunities for Ethanolamines manufacturers, fueled by rising product launches and increasing construction sector. • According to Cognitive Market Research, the China Ethanolamines market size was valued at USD 323.46 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Ethanolamines sales surged in China due to the growing investment. • The Japan Ethanolamines market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 99.19 million in 2024. • The India Ethanolamines market had a market share of USD 86.26 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. The demand is augmented by India's growing product launch. • The South Korea Ethanolamines market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 71.88 million in 2024. • The Australia Ethanolamines market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 37.38 million in 2024. • The South East Asia Ethanolamines market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 49.60 million in 2024. • The Rest of Asia Pacific Ethanolamines market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 51.03 million in 2024.

South America Ethanolamines

According to Cognitive Market Research, the global Ethanolamines market size was estimated at USD 3125.2 Million out of which the Latin America market is more than 5% of the global revenue with a market size of USD 156.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• In Latin America, the Ethanolamines market showcases promising growth prospects driven by rising product launches and growing technological advancements.
• Regional analysis indicates that countries like Brazil, Mexico, Argentina, and Chile are significant contributors to market growth, supported by growing investment.
• Segmentation analysis reveals a diverse range of type including Monoethanolamine (MEA), Diethanolamine (DEA) and Triethanolamine (TEA).
• In conclusion, Latin America presents significant growth opportunities for Ethanolamines manufacturers, driven by favourable market conditions and increasing investment on innovative technology.
• According to Cognitive Market Research, the Brazil Ethanolamines market size was valued at USD 66.88 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period.
• Ethanolamines sales flourish in Brazil due to the nation's favourable market conditions.
• The Argentina Ethanolamines market had a market share of USD 26.25 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period.
• The demand is augmented by Argentina's rising demand from end-use industry.
• The Colombia Ethanolamines market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 13.91 million in 2024.
• The Peru Ethanolamines market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 12.81 million in 2024.
• The Chile Ethanolamines market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 11.25 million in 2024.
• The Rest of Latin America Ethanolamines market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 25.16 million in 2024.

Middle East and Africa Ethanolamines

According to Cognitive Market Research, the global Ethanolamines market size was estimated at USD 3125.2 Million out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 62.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• MEA the Ethanolamines market showcases promising growth prospects driven by factors such as rising product launch and increasing investment in innovative technology.
• Segmentation analysis reveals a diverse range of types of Ethanolamines in Middle East and Africa, including Monoethanolamine (MEA), Diethanolamine (DEA) and Triethanolamine (TEA). In conclusion, Middle East and Africa presents significant growth opportunities for Ethanolamines manufacturers, driven by favourable market conditions and growing innovative product launch.
• The GCC Countries Ethanolamines market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 26.75 million in 2024. Ethanolamines sales flourish due to the region's favourable market conditions.
• The Egypt Ethanolamines market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 6.56 million in 2024.
• The South Africa Ethanolamines market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 9.88 million in 2024.
• Ethanolamines sales flourish in South Africa due to the region's favourable market conditions and growing product launch.
• The Turkey Ethanolamines market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 5.38 million in 2024.
• The Nigeria Ethanolamines market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 6.56 million in 2024.
• The Rest of MEA Ethanolamines market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 7.38 million in 2024.

Ethanolamines Market Analysis

Ethanolamines Market Type Segment Analysis

According to Cognitive Market Research, Triethanolamine (TEA) type stands out as the dominating category. Due to the rising demand in TEA for skincare and cosmetics items such as lotions, cleansers, sunscreens, shaving gels, and cream. When TEA is used in skincare products instead of monoethanolamine (MEA) or diethanolamine (DEA), there are several advantages. Among the benefits that TEA has over other forms of ethanolamine are its ability to help balance the pH of the products, improve their appearance, thicken the product formula, and stabilize the emulsions, which prolongs the shelf life of the products as a whole.

Diethanolamine (DEA) type emerges as the fastest-growing category in the Ethanolamines market. In the manufacturing of detergents and surfactants, DEA is widely utilized. DEA is a flexible intermediate that aids in the formulation of solutions with superior cleaning, emulsifying, and foaming capabilities. Laundry detergents, industrial cleansers, personal care items, and domestic cleaners all use surfactants and detergents. Thereby, driving the segment growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ethanolamines Industry. Request a Free Sample PDF!

Ethanolamines Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Construction. The segment growth is attributed to the growing construction industry. Concrete formulas employ ethanolamines as additives to improve workability, strength, and durability. They serve as plasticizers and dispersants, enhancing the flow of concrete during placement and lowering the water content without sacrificing functionality. Ethanolamines can also strengthen concrete's resistance to shrinkage and cracking by lowering the creation of air spaces.

The fastest-growing category in the Ethanolamines market is personal care. In personal care formulations, ethanolamines function as emulsifiers, facilitating the blending of water- and oil-soluble components. By lowering the surface tension between immiscible phases, they stabilize emulsions and enable stable and consistent mixes to develop in products like creams, lotions, and serums.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Ethanolamines Industry Vertical Segment Analysis

According to Cognitive Market Research, the dominating category is Construction. The formulation of adhesives and sealants used in construction applications uses ethanolamines. They improve adhesion qualities and encourage bonding between substrates by acting as crosslinkers or curing agents in adhesive compositions. The flexibility, moisture resistance, and general effectiveness of sealant materials used to seal building seams and gaps are also enhanced by ethanolamines.

The fastest-growing category in the Ethanolamines market is cosmetics. The segment expansion is owing to the growing demand from cosmetic industry. In cleaning products including shampoos, body washes, and face cleansers, ethanolamines are used as surfactants and foaming agents. By eliminating debris, oils, and pollutants from the face and hair, they enhance the washing efficacy and provide a thick lather. Ethanolamines improve the product's feel and texture when used, adding to the sensory experience.

• Metallurgy
• Agriculture
• Construction
• Cosmetic
• Oil & Gas
• Textile
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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Author's Conclusion