Vendors to Alter Growth Strategies in Ethanolamines Market in Response to Demand for Eco-friendly Products, reports TMR

Transparency Market
Research
Ethanolamines Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2016 - 2024
Published Date
20-July-2016
191 Page Report
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Press Release
Vendors to Alter Growth Strategies in Ethanolamines Market
in Response to Demand for Eco-friendly Products, reports
TMR
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Ethanolamines Market
REPORT DESCRIPTION
Ethanolamines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 2024
The top five companies in the global ethanolamines market – The Dow Chemical Company, INEOS Group
Ltd., SABIC, LyondellBasell Industries N.V., and Huntsman Corporation – together accounted for a share of
close to 48% in 2015. Transparency Market Research (TMR) finds that this highly fragmented market presents
an increasing number of opportunities for players. Once the battle against high initial capital investment is won,
companies in the ethanolamines market can benefit from a large number of suppliers of ammonia and ethylene
oxide, low threat of substitutes, and a well-educated consumer base.
“An increasing number of companies has been focused on R&D as well as innovation as a key strategy in the
ethanolamines market,” the author of the study has observed. “Companies have been striving for increased
market penetration by forming partnerships, collaborations, joint ventures, and mergers and acquisitions,
thereby rendering them with more and improved resources for research and development.”
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Considering the rising focus on reducing the environmental footprint, vendors are likely to divert resources to
satisfy the sustainability criteria, the analyst states. Looking to benefit from this leading trend, Akzo Nobel
invested US$10 mn in a new R&D center in Strongsville, Ohio in December 2015. The facility is aimed at
producing innovative and environmental friendly products.
Surging Demand for Herbicides a Leading Growth Driver
Ethanolamines are one of the significant components used in the production of herbicides. The growing
demand for and production of glyphosate – the largest consumed variety of herbicides – has considerably
fueled the global ethanolamines market, finds TMR. “The increasing cultivation of genetically modified crops
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and the rising popularity of no-till farming has spurred the demand for glyphosate,” a TMR analyst states.
“Produced in over 20 countries around the world and used in over 130 countries, the demand for glyphosate is
set to increase over the forecast period. This in turn will boost the global ethanolamines market.”
The ethanolamines market has also received impetus from the surfactants market, especially in the developing
regions of Asia Pacific, Latin America, and the Middle East and Africa.
On the flip side, the volatility in raw material prices threatens to hamper the growth of the ethanolamines
market. The growing demand for gas sweetening agents, on the other hand, presents lucrative options for
players in the ethanolamines market.
Agriculture-centric APAC Countries Witnessing Increased Demand for Ethanolamines
The global ethanolamines market will expand at a rather modest growth rate over the forecast period, in terms
of volume and value, TMR predicts. In 2015, the opportunity in the ethanolamines market was worth US$2.8
bn and this is projected to surpass US$4 bn by 2024 at a 4.1% CAGR therein. By volume, the demand is
estimated to increase at a 3.7% CAGR. Among the key product categories, diethanolamines and
triethanolamines led the overall ethanolamines market by volume. In terms of application, surfactants were the
leading contributor in 2015 and herbicides are projected to expand at the fastest pace in the coming years.
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Geographically, Asia Pacific leads the global ethanolamines market and will retain its position through 2024.
“The growth of the agriculture sector in the region is anticipated to attribute to the expansion of the APAC
ethanolamines market,” the analyst states. “In addition, the rising demand for detergents and other foaming
agents is expected to spur the demand for ethanolamines in Asia Pacific in the years to come.”
This review is based on the findings of a TMR report titled “Ethanolamines Market: Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
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Ethanolamines Market
Ethanolamines Market – Product Segment Analysis
•
Monoethanolamines (MEA)
•
Diethanolamines (DEA)
•
Triethanolamines (TEA)
Ethanolamines Market - Application Analysis
•
Surfactants
•
Chemical Intermediates
•
Herbicides
•
Gas Treatment
•
Cement
•
Others (Textiles, Wood Preservatives, Metal Working Fluid, etc.)
Ethanolamines Market - Regional Analysis
North America
•
U.S.
•
Rest of North America
Europe
•
Germany
•
France
•
U.K.
•
Italy
•
Spain
•
Rest of Europe
Asia Pacific
•
China
•
Japan
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Ethanolamines Market
•
ASEAN
•
Rest of Asia Pacific
Latin America
•
Brazil
•
Rest of Latin America
Middle East & Africa
•
GCC
•
South Africa
•
Rest of Middle East & Africa
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TABLE OF CONTENT
1. Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.5. Assumptions
2. Executive Summary
2.1. Global Ethanolamines Market, Volume and Revenue, (Kilo Tons) (US$ Mn), 2015–2024
2.2. Market Snapshot
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3. Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Dynamics
3.3.1. Driver 1- Increase in Production of Glyphosate
3.3.2. Driver 2- Promising Growth in Surfactants Market
3.3.3. Restraint 1 – Volatility in Raw Material Price
3.3.4. Opportunity 1 – Growing Demand for Gas Sweetening Agent
3.4. Porter’s Five Forces Analysis
3.5. Market Attractiveness Analysis, by Application
3.6. Market Attractiveness Analysis, by Country
3.7. Company Market Share – Global Ethanolamines Market (% Share) (2015)
4. Raw Material & Price Trend Analysis
4.1. Raw Material Analysis – Manufacturing/Extraction Process
4.2. Ethanolamines Price Trends, 2015–2024 (US$/Ton)
5. Market Segmentation – Product Segment Analysis
5.1. Global Ethanolamines Market – Product Segment Analysis
5.1.1. Monoethanolamines Market, Volume & Revenue (Kilo Tons) (US$ Mn), 2015-2024
5.1.2. Diethanolamines Market, Volume & Revenue (Kilo Tons) (US$ Mn), 2015-2024
5.1.3. Triethanolamines Market, Volume & Revenue (Kilo Tons) (US$ Mn), 2015-2024
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6. Market Segmentation – Application Analysis
6.1. Global Ethanolamines Market – Application Analysis
6.1.1. Global Ethanolamines Market for Surfactants, Volume & Revenue (Kilo Tons) (US$ Mn), 20152024
6.1.2. Global Ethanolamines Market for Chemical Intermediates, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
6.1.3. Global Ethanolamines Market for Herbicides, Volume & Revenue (Kilo Tons) (US$ Mn), 20152024
6.1.4. Global Ethanolamines Market for Gas Treatment, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
6.1.5. Global Ethanolamines Market for Cement, Volume & Revenue (Kilo Tons) (US$ Mn), 2015-2024
6.1.6. Global Ethanolamines Market for Other Applications, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7. Ethanolamines Market – Regional Analysis
7.1. Global Ethanolamines Market Snapshot
7.2. North America Ethanolamines Market Snapshot
7.2.1. North America Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo
Tons) (US$ Mn), 2015-2024
7.2.2. North America Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons)
(US$ Mn), 2015-2024
7.2.3. U.S. Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
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7.2.4. U.S. Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.2.5. Rest of North America Ethanolamines Market – Product Segment Analysis, Volume & Revenue
(Kilo Tons) (US$ Mn), 2015-2024
7.2.6. Rest of North America Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo
Tons) (US$ Mn), 2015-2024
7.3. Europe Ethanolamines Market Snapshot
7.3.1. Europe Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.3.2. Europe Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.3.3. Germany Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons)
(US$ Mn), 2015-2024
7.3.4. Germany Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.3.5. France Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.3.6. France Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.3.7. U.K. Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.3.8. U.K. Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
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7.3.9. Italy Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.3.10. Italy Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.3.11. Spain Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.3.12. Spain Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.3.13. Rest of Europe Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo
Tons) (US$ Mn), 2015-2024
7.3.14. Rest of Europe Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons)
(US$ Mn), 2015-2024
7.4. Asia Pacific Ethanolamines Market Snapshot
7.4.1. Asia Pacific Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons)
(US$ Mn), 2015-2024
7.4.2. Asia Pacific Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.4.3. China Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.4.4. China Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.4.5. Japan Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
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7.4.6. Japan Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.4.7. ASEAN Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons)
(US$ Mn), 2015-2024
7.4.8. ASEAN Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.4.9. Rest of Asia Pacific Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo
Tons) (US$ Mn), 2015-2024
7.4.10. Rest of Asia Pacific Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo
Tons) (US$ Mn), 2015-2024
7.5. Latin America Ethanolamines Market Snapshot
7.5.1. Latin America Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo
Tons) (US$ Mn), 2015-2024
7.5.2. Latin America Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.5.3. Brazil Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.5.4. Brazil Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.5.5. Rest of Latin America Ethanolamines Market – Product Segment Analysis, Volume & Revenue
(Kilo Tons) (US$ Mn), 2015- 2024
7.5.6. Rest of Latin America Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo
Tons) (US$ Mn), 2015-2024
7.6. Middle East & Africa Ethanolamines Market Snapshot
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7.6.1. Middle East & Africa Ethanolamines Market – Product Segment Analysis, Volume & Revenue
(Kilo Tons) (US$ Mn), 2015-2024
7.6.2. Middle East & Africa Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo
Tons) (US$ Mn), 2015-2024
7.6.3. GCC Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.6.4. GCC Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$ Mn),
2015-2024
7.6.5. South Africa Ethanolamines Market – Product Segment Analysis, Volume & Revenue (Kilo Tons)
(US$ Mn), 2015-2024
7.6.6. South Africa Ethanolamines Market – Application Analysis, Volume & Revenue (Kilo Tons) (US$
Mn), 2015-2024
7.6.7. Rest of Middle East & Africa Ethanolamines Market – Product Segment Analysis, Volume &
Revenue (Kilo Tons) (US$ Mn), 2015-2024
7.6.8. Rest of Middle East & Africa Ethanolamines Market – Application Analysis, Volume & Revenue
(Kilo Tons) (US$ Mn), 2015-2024
8. Company Profiles
8.1. Akzo Nobel N.V.
8.1.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.1.2. Business Overview
8.1.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.1.4. Business Strategy
8.1.5. Recent Developments
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8.1.6. Financial Details by Segment & Region
8.2. BASF-YPC Company Limited
8.2.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.2.2. Business Overview
8.2.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.2.4. Business Strategy
8.3. China Petroleum & Chemical Corporation
8.3.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.3.2. Business Overview
8.3.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.3.4. Business Strategy
8.3.5. Recent Developments
8.3.6. Financial Details by Segment
8.4. Huntsman Corporation
8.4.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.4.2. Business Overview
8.4.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.4.4. Business Strategy
8.4.5. Recent Developments
8.4.6. Financial Details by Segment & Region
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8.5. INEOS Group Ltd.
8.5.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.5.2. Business Overview
8.5.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.5.4. Business Strategy
8.5.5. Recent Developments
8.5.6. Financial Details by Segment & Region
8.6. Jiaxing Jinyan Chemical Co. Ltd.
8.5.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.6.2. Business Overview
8.6.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.6.4. Business Strategy
8.7. LyondellBasell Industries N.V.
8.7.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.7.2. Business Overview
8.7.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.7.4. Business Strategy
8.7.5. Financial Details by Segment & Region
8.8. SABIC
8.8.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
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8.8.2. Business Overview
8.8.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.8.4. Business Strategy
8.8.5. Financial Details by Segment & Region
8.9. Sintez OKA LLC
8.9.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.9.2. Business Overview
8.9.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.9.4. Business Strategy
8.10. The Dow Chemical Company
8.10.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.10.2. Business Overview
8.10.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.10.4. Business Strategy
8.10.5. Financial Details by Segment & Region
8.11. Thai Ethanolamines Co. Ltd.
8.11.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
8.11.2. Business Overview
8.11.3. Product/ Services, Key Brands, Key Competitors, Key End-user Industries
8.11.4. Business Strategy
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9. Primary Research - Key Findings
10. List of Key Customers
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The top five companies in the global ethanolamines market – The Dow Chemical Company, INEOS Group Ltd., SABIC, LyondellBasell Industries N.V., and Huntsman Corporation – together accounted for a share of close to 48% in 2015. Transparency Market Research (TMR) finds that this highly fragmented market presents an increasing number of opportunities for players. Once the battle against high initial capital investment is won, companies in the ethanolamines market can benefit from a large number of suppliers of ammonia and ethylene oxide, low threat of substitutes, and a well-educated consumer base.