Aminoethylethanolamine Market Outlook - 2021–2030
The global aminoethylethanolamine market size was valued at $222.5 million in 2020, and is projected to reach $357.5 million by 2030, growing at a CAGR of 4.9% from 2021 to 2030.
Aminoethylethanolamine (AEEA) belongs to ethyleneamines group. It is a clear chemical compound that is soluble in water and has ammonia odor.
Increasing trends for cleanliness have surged the demand for cleaners and surfactants where aminoethylethanolamine is used as a chelating agent to reduce the deposition of minerals from surfaces during the manufacturing process. This may act as one of the key drivers answerable for the growth of the aminoethylethanolamine market. Moreover, the increasing demand for industrial cleaning solutions among a wide range of industries, such as oil and gas, specialty chemicals, pharmaceuticals, and others, is providing an additional push to the growth of the aminoethylethanolamine market. All these factors collectively surge the demand for aminoethylethanolamine, thereby augmenting the global market growth.
However, aminoethylethanolamine is cited as a hazardous substance by the U.S. Department of Transportation (DOT) and the National Fire Protection Association (NFPA). Prolonged exposure to aminoethylethanolamine can cause several health-related disorders such as severe skin burns, eye damage, and irritation in the nose, throat, lungs, and asthma-like allergy. Moreover, it may also cause permanent reproductive damage if exposed beyond the standard exposure limit. This factor hampers the market growth.
On the contrary, aminoethylethanolamine possesses enhanced surface dynamic characteristics, such as flexible surface tension, enhanced surface enthalpy, entropy, and high absorption characteristics, that make it suitable for a wide range of applications. It is increasingly used in the development of absorbents for CO2 removal applications in industries. Moreover, characteristics, such as high absorption capacity and low energy costs, make it an excellent replacement for traditional tertiary amine solutions, such as methyl diethanolamine (MDEA), for absorbent manufacturing purposes. It is a key factor that is anticipated to offer new opportunity in the global aminoethylethanolamine market.
The global aminoethylethanolamine market analysis is done on the basis of grade, application, and region. Depending on grade, the market is divided into >99% and <99%. The applications covered in the study include chelating agent, surfactants, textile additives, fabric softeners, lubricants, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Aminoethylethanolamine market, by region
The Asia-Pacific aminoethylethanolamine market size is projected to grow at the highest CAGR of 5.4% during the forecast period and accounted for 46.3% of aminoethylethanolamine market share in 2020. The rise in demand for end-user industries, such as personal care, home care, and others, in China and India has surged the growth of the chemical manufacturing sectors where aminoethylethanolamine is used an intermediate for manufacturing solvents.
By Region
Asia Pacific is the fastest growing region
Aminoethylethanolamine market, by grade
In 2020, the >99% segment was the largest revenue generator, and is anticipated to grow at a CAGR of 5.0% during the forecast period. Proliferating demand for both household and industrial surfactants where aminoethylethanolamine with more than 99% purity is widely used as a chelating agent to prevent the deposition of minerals on metal surfaces may propel the market growth.
By Grade
>99% is the most lucrative segment
Aminoethylethanolamine market, by application
By application, the lubricant segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 5.0% during the forecast period. The increasing demand for aminoethyl ethanolamine-based lubricants in the automotive sector is expected to drive the growth of the market. For instance, according to a report published National Investment Promotion and Facilitation Agency, India’s passenger vehicle industry is expected to grow by 22%-25% in 2022. This is projected to positively impact the growth of the aminoethyl ethanolamine market for lubricants.
By Application
Lubricant is the most lucrative segment
Key benefits for stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current aminoethylethanolamine market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities, and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Impact Of Covid-19 On The Global Aminoethylethanolamine Market
- The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
- The aminoethylethanolamine market has been negatively impacted due to the COVID-19 pandemic, owing to its dependence on textile, automotive, and chemical industry. According to a report published by Wipro, the automotive industry witnessed 30% decline in sales in March 2020 as compared to March 2019, owing to lockdowns and shutdowns of auto plants.
- Several automotive companies have either shutdown or minimized their operations due to the risk of infections among the workforce where aminoethylethanolamine is used in production of lubricant. This has temporarily hampered the demand for aminoethylethanolamine amid the COVID-19 period.
- The falling income of customers and international travel restrictions led to contraction of the demand for aminoethylethanolamine among the aerospace sector. For instance, according to a report published by Airlines for America, the commercial airline passenger volume in September 2020 was 68% less than September 2019, affecting long-term existential threat to manufacturers, supply chain, and the entire air travel industry.
- COVID-19 has put a temporary break on various aircraft manufacturing projects, which, in turn, has declined the demand for aminoethylethanolamine among the aerospace & aviation sectors. In addition, the aminoethylethanolamine market has witnessed a downfall in demand among the construction sectors, owing to temporary halt on various building & construction projects amid the COVID-19 period.
Aminoethylethanolamine Market Report Highlights
| Aspects | Details |
 By GRADE |
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 By APPLICATION |
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 By Region |
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 Key Market Players | Restek Corporation, Dow Chemical Company, Prasol Chemicals Pvt. Ltd., Otto Chemie Pvt. Ltd., Sanitized AG, PolyOne Corporation, Nouryon, BASF SE, BioCote Limited, Huntsman Corporation (HUN) |
Analyst Review
The global aminoethylethanolamine market is expected to exhibit high growth potential. Aminoethylethanolamine possesses various significant properties such as adhesion, flame resistance, abrasion resistance, and other anti-static properties. The increased demand for high-quality textiles where aminoethyl ethanolamine is used as a fabric softener to impart softness and antistatic properties in the textile industry may act as one of the key drivers responsible for the market growth. For instance, according to a report published by India Brands Equity Foundation, textile exports from India increased by 50.86% in June 2021 as compared to June 2019. In addition, increasing utilization of aminoethylethanolamine as an intermediate for manufacturing polyurethane chemicals, catalysts, and polyols may lead the aminoethyl ethanolamine market to witness a significant increase in demand.
In addition, aminoethylethanolamine possesses enhanced surface dynamic characteristics such as flexible surface tension, enhanced surface enthalpy, entropy, and high absorption characteristics that make it suitable for a wide range of applications. It is increasingly used in the development of absorbents for CO2 removal applications in industries. Moreover, characteristics, such as high absorption capacity and low energy costs, make it an excellent replacement for traditional tertiary amine solutions, such as methyl diethanolamine (MDEA), for absorbent manufacturing purposes, which is predicted to offer lucrative growth opportunities in future.
Increasing demand for aminoethylethanolamine as fabric softener and rise in demand for aminoethylethanolamine in lubricant are the key factors boosting the aminoethylethanolamine market growth
The global aminoethylethanolamine market was valued at $222.5 million in 2020, and is projected to reach $357.5 million by 2030, growing at a CAGR of 4.9% from 2021 to 2030.
BASF SE, Nouryon, Dow Chemical Company, Parsol Chemicals Pvt. Ltd., Huntsman Corporation (HUN), Restek Corporation, Otto Chemie Pvt. Ltd., PolyOne Corporation, Sanitized AG, and BioCote Limited are the most established players of the global aminoethylethanolamine market.
Lubricant and surfactant industry is projected to increase the demand for aminoethylethanolamine Market.
The global aminoethylethanolamine market analysis is done on the basis of grade, application, and region. Depending on grade, the market is divided into >99% and <99%. The applications covered in the study include chelating agent, surfactants, textile additives, fabric softeners, lubricants, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Increasing trends for cleanliness have surged the demand for cleaners and surfactants where aminoethylethanolamine is used as a chelating agent to reduce the deposition of minerals from surfaces during the manufacturing process. This may act as one of the key drivers answerable for the growth of the aminoethylethanolamine market. Moreover, the increasing demand for industrial cleaning solutions among a wide range of industries, such as oil and gas, specialty chemicals, pharmaceuticals, and others, is providing an additional push to the growth of the aminoethylethanolamine market. All these factors collectively surge the demand for aminoethylethanolamine, thereby augmenting the global market growth.
Chelating agent and textile additives applications are expected to drive the adoption of aminoethylethanolamine.
• The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. • The aminoethylethanolamine market has been negatively impacted due to the COVID-19 pandemic, owing to its dependence on textile, automotive, and chemical industry. According to a report published by Wipro, the automotive industry witnessed 30% decline in sales in March 2020 as compared to March 2019, owing to lockdowns and shutdowns of auto plants. • Several automotive companies have either shutdown or minimized their operations due to the risk of infections among the workforce where aminoethylethanolamine is used in production of lubricant. This has temporarily hampered the demand for aminoethylethanolamine amid the COVID-19 period. • The falling income of customers and international travel restrictions led to contraction of the demand for aminoethylethanolamine among the aerospace sector. For instance, according to a report published by Airlines for America, the commercial airline passenger volume in September 2020 was 68% less than September 2019, affecting long-term existential threat to manufacturers, supply chain, and the entire air travel industry. • COVID-19 has put a temporary break on various aircraft manufacturing projects, which, in turn, has declined the demand for aminoethylethanolamine among the aerospace & aviation sectors. In addition, the aminoethylethanolamine market has witnessed a downfall in demand among the construction sectors, owing to temporary halt on various building & construction projects amid the COVID-19 period.
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