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Methyl Diethanolamine

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The research report on Methyl Diethanolamine (MDEA) Market is segmented by Application, by End-use Industry and by Region – Size, Share, Outlook, and Opportunity Analysis, 2016 - 2026
Methyl Diethanolamine (MDEA) Market – Size, Share,
Outlook, and Opportunity Analysis, 2016 - 2026
Methyl diethanolamine (MDEA) is a liquid tertiary amine compound used in synthesis
of different compounds including pesticides, detergents, and paints. It is used in
different applications such as coatings, catalysts, textile, lubricants, polishes,
detergents, personal-care products, pharmaceuticals, urethane, pesticides, and
water-treatment chemicals.
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Market Dynamics
Methyl diethanolamine is used in sweetening process, which involves treating sulfur
containing compounds such as thiophene, mercaptan, and hydrogen sulfide to
improve odor, color, oxidation stability, and reduce concentration of carbon dioxide in
oil refinery, chemicals, syngas production, and natural gas.
Increasing demand for MDEA in oil refineries, natural gas, and syngas production is
a major factor propelling growth of the global methyl diethanolamine (MDEA) market.
According to a report by The U.S. Energy Information Administration (E.I.A.) in 2017,
natural gas production is projected to account for around 40% of the total energy
production in the U.S by 2040. Moreover, according to the China Petroleum and
Chemical Industry Association (CPCIA), China consumed around 11.5 million barrels
of oil in 2016, which was an increase by 0.5 million barrels from 2015.
Furthermore, growing paints and coatings industry is expected to propel demand for
MDEA, owing to its use as catalyst for epoxy resin, urethane coating system, and as
a solvent in water paints. According to the Coherent Market Insights’ analysis, the
global paints and coatings industry is projected to reach US$ 235 billion by 2025
from US$ 137 billion in 2016.
Moreover, increasing application of MDEA in textiles and pharmaceuticals is
expected to drive growth of the global methyl diethanolamine market. For instance,
according to a report by the International Federation of Pharmaceutical
Manufacturers & Associations report in 2017, the global pharmaceutical market is
projected to reach US$ 1,430 billion by 2020.
Methyl Diethanolamine (MDEA) Market Outlook
● Asia Pacific is expected to be the fastest growing methyl diethanolamine
(MDEA) market during the forecast period. This is owing to increasing
demand for MDEA from China, India, Japan, and South Korea in textile,
agrochemicals, and other applications.
● According to a report by India Brand Equity Foundation (IBEF) in 2017, the
textile and apparel industry is projected to reach US$ 123 billion by 2021 in
India. Furthermore, increasing use of MDEA in production of agrochemicals
such as pesticides and herbicides is propelling growth of the global methyl
diethanolamine market in Asia Pacific. According to the United Nations Food
and Agriculture Organization (FAO), pesticides consumption in Mainland
China in 2016 was around 1.76 million tons.
Key Players
● Key players operating in the global methyl diethanolamine (MDEA) market
include, Eastman Chemical Company, DowDuPont Inc., BASF SE, Amines &
Plasticizers Ltd., Huntsman Corporation, Ineos Group Limited, Sintez
OKA Group, Advance Petrochemicals Ltd., Maoming Yunlong Industrial
Development Co., Ltd. Sichuan Nipo Fine Chemical Co., Ltd., and Yixing
Xingguang Baoyi Chemical Co., Ltd.
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Author
apeksha motghare
apeksha motghare285   documents Email
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