Global Ethanolamine Market By Product(Monoethanolamines, Diethanolamines, Triethanolamines), By Grade(Industrial Grade, Cosmetic and Pharmaceutical Grade), By End-Use(Surfactants, Gas Treatment, Agrochemicals, Personal Care and Cosmetics, Others) , By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The global Ethanolamine Market size is expected to be worth around USD 4.3 billion by 2033, from USD 2.7 billion in 2023, growing at a CAGR of 4.8% during the forecast period from 2023 to 2033.

The Ethanolamine Market refers to the global industry centered around the production and distribution of ethanolamine, a chemical compound consisting of amino and alcohol groups. Ethanolamines are primarily used as feedstock in the manufacture of surfactants and chemical intermediates. The three major types of ethanolamines—monoethanolamine (MEA), diethanolamine (DEA), and triethanolamine (TEA)—serve different functions across various industries.

MEA is widely used in gas treatment, particularly for removing carbon dioxide and hydrogen sulfide from natural gas and refinery gases. It’s also a component in the production of detergents, emulsifiers, and polishes. DEA finds its applications in the manufacture of cosmetics, detergents, and pharmaceuticals, serving as an emulsifier and promoting creamy textures in products. TEA is often used in the production of agricultural chemicals, such as herbicides, and also in cosmetic products, enhancing the quality of lotions and creams.

The market demand for ethanolamine is driven by its broad range of applications. The expansion of the agrochemical industry, particularly in developing regions, boosts the demand for TEA, while the growth in the gas treatment sector escalates the need for MEA. Additionally, rising standards of living and an increasing consumer base for personal care and household products propel the demand for DEA.

Economic factors, such as the availability of raw materials (primarily ethylene oxide) and technological advancements in production processes, also influence market dynamics. The Asia-Pacific region dominates the market due to rapid industrial growth and extensive agricultural activities, followed by North America and Europe. The ethanolamine market is expected to continue expanding, supported by increasing demand in end-use industries and ongoing developments in bio-based ethanolamines, addressing environmental concerns related to synthetic chemicals.

Key Takeaways

• The global Ethanolamine Market is projected to grow from USD 2.7 billion in 2023 to USD 4.3 billion by 2033, at a CAGR of 4.8%​​​​.
• Diethanolamines held a dominant position in 2023 with a 48.7% market share, widely used in cosmetics, detergents, and pharmaceuticals​​.
• Industrial-grade ethanolamine captured over 65.3% of the market in 2023, essential in chemical production, solvents, and cleaners​​.
• Surfactants dominated the end-use segment with a 41.6% share in 2023, crucial in household cleaners and industrial detergents​​.
• The Asia Pacific region held a 45.2% market share in 2023, driven by robust industrial growth and regulatory support​​​​.

By Product

In 2023, Diethanolamines held a dominant market position in the Ethanolamine Market, capturing more than a 48.7% share. This popularity is largely due to their versatile use across various industries, including cosmetics, detergents, and pharmaceuticals. Diethanolamines are particularly valued for their emulsifying properties, which enhance the texture and consistency of products, making them essential in formulations that require a creamy, smooth texture.

Monoethanolamines, also a significant segment, are primarily utilized in gas treatment applications. They play a crucial role in scrubbing and removing unwanted gases such as carbon dioxide and hydrogen sulfide from natural and refinery gases. This application is critical for industries focused on environmental compliance and energy efficiency, driving steady demand for monoethanolamines.

Triethanolamines are extensively used in the manufacture of agricultural chemicals, especially herbicides, which are essential for enhancing crop yields. Additionally, their application in cosmetic products as emulsifiers and their ability to adjust pH levels make them indispensable in personal care industries. Despite having a smaller market share compared to diethanolamines, the demand for triethanolamines remains robust, driven by ongoing agricultural activities and the expanding personal care sector.

Each of these segments addresses specific industrial needs, contributing to the overall growth and stability of the Ethanolamine Market. As industries continue to evolve and new applications for ethanolamines are discovered, the dynamics within these segments are expected to shift, potentially leading to changes in market dominance over time.

By Grade

In 2023, industrial-grade ethanolamine held a dominant market position, capturing more than a 65.3% share. This grade is extensively utilized across a wide range of industrial applications, such as in the production of chemicals, solvents, and cleaners.

Its strong performance is driven by the demand in sectors like agriculture, where ethanolamines are used in the formulation of herbicides, and in the petrochemical industry, where they serve as key intermediates in the production of detergents. The versatility and effectiveness of industrial-grade ethanolamine in facilitating various chemical processes solidify its prominence in the market.

On the other hand, Cosmetic and pharmaceutical-grade ethanolamines also play a significant role, though with a smaller market share. These high-purity ethanolamines are critical in the manufacturing of products where safety and quality are paramount. In the cosmetics industry, they are used as emulsifiers and foam boosters in skincare and haircare products. In pharmaceuticals, they serve as pH adjusters and buffering agents in various medicinal formulations. The growth in this segment is supported by increasing consumer awareness of product safety and the rising standards of personal care and health products, driving demand for high-quality ingredients.

Both grades of ethanolamine—industrial and cosmetic/pharmaceutical—demonstrate the compound’s essential role across diverse sectors. While industrial applications benefit from its functional properties in large-scale manufacturing processes, the cosmetic and pharmaceutical applications highlight the need for purity and safety in consumer-related products. This dichotomy ensures a stable and growing market for ethanolamine, reflecting its integral value in both heavy industry and day-to-day consumer products.

By End-Use

In 2023, Surfactants held a dominant market position in the Ethanolamine Market, capturing more than a 41.6% share. Surfactants are crucial components in a wide range of products, from household cleaners to industrial detergents, where ethanolamines play a key role in enhancing cleaning efficiency and stability. This segment benefits from the ongoing demand in both consumer and industrial markets, driven by the essential need for effective cleaning solutions across various sectors.

Gas Treatment also represents a significant segment, utilizing ethanolamines, particularly monoethanolamine, to remove impurities such as carbon dioxide and hydrogen sulfide from natural gas. This application is vital for meeting environmental standards and improving the quality of natural gas for consumer and industrial use.

In the Agrochemicals sector, ethanolamines are used to produce herbicides, helping to improve the efficacy of these products in controlling unwanted vegetation. The growing agricultural industry, especially in developing regions, continues to drive demand in this segment.

The Personal Care and Cosmetics segment uses ethanolamines to stabilize formulations and adjust pH levels, making them essential in products like lotions, shampoos, and other skincare items. The consumer shift towards more sophisticated and multifunctional personal care products supports growth in this segment.

Key Market Segments

By Product

• Monoethanolamines
• Diethanolamines
• Triethanolamines

By Grade

• Industrial Grade
• Cosmetic and Pharmaceutical Grade

By End-Use

• Surfactants
• Gas Treatment
• Agrochemicals
• Personal Care and Cosmetics
• Others

Drivers

Growing Demand in Surfactant Applications

A major driver for the Ethanolamine Market is the increasing demand for surfactants, which are pivotal in various consumer and industrial products such as detergents, emulsifiers, and dispersants. Ethanolamines, particularly diethanolamine (DEA) and triethanolamine (TEA), are extensively used in the production of these surfactants due to their ability to reduce surface tension, which is essential for the cleaning and mixing processes.

Surfactants are a critical component in a wide range of applications, from household cleaning products to industrial lubricants and agricultural herbicides. The versatility of ethanolamines as both emulsifiers and pH adjusters enhances their utility in formulating effective surfactants. For instance, in household detergents, ethanolamines help in removing grease and dirt from surfaces and fabrics, making them cleaner and fresher. Similarly, in personal care products such as shampoos and body washes, ethanolamines contribute to a rich lather and a stable emulsion, improving the product’s performance and appeal.

The growth of the global population and the expansion of middle-class consumers in emerging economies are leading to increased demand for cleaning and personal care products. This demographic shift is driving the surfactant market, which in turn boosts the demand for ethanolamines. As urbanization continues and living standards rise, the consumption of products that include surfactants is expected to grow, supporting the steady demand for ethanolamines.

Additionally, industrial applications of surfactants in processes such as textile manufacturing, oil recovery, and paint production further compound the demand for ethanolamines. In these industries, the efficiency of surfactants can significantly impact the quality and performance of the final products. Ethanolamines’ role in improving the efficacy of surfactants makes them integral to these industrial processes.

Environmental regulations and sustainability initiatives are also influencing the surfactant market, pushing manufacturers towards more biodegradable and environmentally friendly components. Ethanolamines, particularly those derived from natural and renewable sources, are seen as a more acceptable alternative to traditional, more toxic surfactant bases. This shift is prompting innovation in ethanolamine production techniques, making them more sustainable and appealing to environmentally conscious consumers and industries.

Restraints

Environmental and Health Concerns Associated with Ethanolamines

A significant restraint impacting the growth of the Ethanolamine Market is the rising concern over the environmental and health effects associated with ethanolamines. These compounds, especially diethanolamine (DEA) and triethanolamine (TEA), have been under scrutiny due to their potential to form nitrosamines when interacting with nitrosating agents. Nitrosamines are known carcinogens, and this association has led to regulatory actions and consumer aversion in various markets, particularly in cosmetics and personal care products.

The concerns are not limited to human health but also extend to environmental impacts. Ethanolamines are considered as emerging contaminants in water bodies due to their widespread use in industrial, agricultural, and household products. Their persistence and the potential to bioaccumulate can pose risks to aquatic life and disrupt ecosystems. Regulatory bodies in many countries, including the European Union and the United States, have imposed strict guidelines on the use of ethanolamines in products, particularly those that may lead to direct or prolonged exposure to humans or release into the environment.

In the personal care industry, these health concerns have prompted a shift toward more natural and safer alternatives. Consumers are increasingly opting for products labeled as “free-from” DEA and TEA, pushing manufacturers to reformulate products with alternative ingredients that do not carry the same risks. This trend is part of a broader movement towards clean beauty and environmentally friendly products, which has been gaining momentum over the years.

Moreover, the industrial sector, which uses ethanolamines in large quantities for the production of surfactants and as intermediates in chemical syntheses, faces challenges due to the tightening of waste disposal regulations and the increasing cost of compliance with environmental standards. These factors compel companies to invest in treatment facilities and pollution control technologies, adding to the operational costs and potentially reducing the profitability associated with products containing ethanolamines.

The combination of health risks, environmental impact, and the resultant regulatory pressures forms a complex web of challenges that restrain the market growth of ethanolamines. While the demand for ethanolamines remains high due to their effectiveness and broad applicational range, these restraints necessitate ongoing research and development efforts. Companies are urged to innovate and discover safer and more sustainable alternatives that can perform similar functions without the associated risks.

This dynamic creates a dual-edged scenario where the market is driven by the essential nature of ethanolamines in various applications, yet curtailed by the imperative to mitigate their health and environmental risks. As the market adjusts to these challenges, the future growth of ethanolamines will likely hinge on the industry’s ability to align with more stringent safety and environmental standards while maintaining the functional benefits that these compounds offer.

Opportunity

Expansion into Biodegradable and Green Chemistry Applications

A significant opportunity for growth in the Ethanolamine Market lies in the development and expansion of biodegradable and green chemistry applications. As environmental awareness increases globally, industries are under growing pressure to reduce their ecological footprints and adopt sustainable practices. Ethanolamines, which are versatile chemical intermediates, present an opportunity to innovate within the realms of biodegradable products and environmentally friendly processes.

The push for sustainability is particularly influential in the surfactant market, where ethanolamines are extensively used. Traditional surfactants can be harsh on the environment, leading to potential ecosystem disruption when released into water bodies. Developing ethanolamine-based surfactants that are not only effective but also biodegradable could meet the increasing consumer and regulatory demands for green products. This could open new markets and customer segments that prioritize eco-friendly products, from personal care to industrial cleaners.

Additionally, the personal care and cosmetics industry, a significant end-user of ethanolamines, is moving towards natural and organic ingredients. This shift is driven by consumer preferences for products that are safe, non-toxic, and have minimal environmental impacts. Ethanolamines derived from natural sources, or those modified to enhance biodegradability and reduce toxicity, could capture a substantial market share in this industry. As brands aim to maintain consumer trust and comply with stringent regulations on product composition, the demand for green chemistry solutions in ethanolamines could see a substantial rise.

Moreover, the agricultural sector, which uses ethanolamines in the production of herbicides, offers another avenue for growth through sustainable products. With increasing regulatory scrutiny on agricultural chemicals, developing ethanolamines that contribute to producing safer, more environmentally friendly agrochemicals could position manufacturers at the forefront of agricultural innovation. Such developments would not only comply with global regulatory trends but also appeal to the growing segment of farmers and consumers seeking sustainable agricultural practices.

The pharmaceutical industry also presents opportunities for the application of green chemistry in ethanolamines. As the industry seeks to reduce its environmental impact and improve the biocompatibility of its products, ethanolamines that are safer for both the environment and patients could see increased demand. Innovations in this area could lead to new formulations for drug delivery systems and other pharmaceutical applications, where safety and efficacy are paramount.

Trends

Shift Towards Bio-Based Ethanolamines

A major trend influencing the Ethanolamine Market is the growing shift towards the development and use of bio-based ethanolamines. This trend is driven by the increasing environmental concerns associated with conventional petroleum-derived ethanolamines, which include issues related to sustainability and the environmental impact of their production processes.

As industries and consumers become more environmentally conscious, the demand for greener and more sustainable chemical solutions is rising. This has led to a significant focus on bio-based alternatives that can reduce the carbon footprint and lessen the reliance on non-renewable resources.

Bio-based ethanolamines are produced using raw materials derived from biological sources, such as vegetable oils and biomass, rather than from petroleum. This shift not only helps in reducing the dependency on oil but also aligns with global sustainability goals and regulations aimed at reducing greenhouse gas emissions. Bio-based ethanolamines offer a promising alternative, providing similar or even superior performance in applications such as detergents, cosmetics, pharmaceuticals, and agrochemicals, while also being more environmentally friendly.

The interest in bio-based ethanolamines is also fueled by advancements in biotechnology and green chemistry. These technologies enable more efficient and cost-effective processes for converting biomass into high-value chemical products. Companies are investing in research and development to optimize these processes and scale up production, aiming to make bio-based ethanolamines a competitive option in the market.

Moreover, regulatory pressure and consumer preference for sustainable products are significant drivers behind this trend. Governments worldwide are implementing stricter environmental regulations that encourage the use of sustainable materials. Simultaneously, a growing segment of consumers is showing a preference for products that are not only effective but also have a reduced environmental impact. This consumer behavior is influencing manufacturers across various industries to incorporate bio-based ingredients into their products to maintain market share and appeal to environmentally conscious consumers.

The move towards bio-based ethanolamines also opens up opportunities for innovation in product development and marketing. Companies that lead in this area can leverage the “green” aspect of their products as a strong selling point, differentiating themselves in a competitive market. Additionally, the integration of bio-based ethanolamines can enhance the sustainability profiles of companies, aligning them with corporate social responsibility goals and improving their public image.

Regional Analysis

In the Ethanolamine market, the Asia Pacific region emerges as a dominant force, securing a substantial market share of 45.2%. Projections indicate that the market is poised to achieve a valuation of USD 1.2204 Billion by the end of the forecast period. This growth is primarily fueled by robust adoption across critical sectors such as agrochemicals, personal care products, and gas treatment applications.

Powerhouse economies in the region, including China, India, Japan, and South Korea, are driving this growth trajectory. These countries exhibit a notable increase in ethanolamine consumption, reflecting a rising demand for chemical intermediates in various industries and infrastructure projects. Additionally, the region’s commitment to industrial growth and regulatory support for chemical manufacturing further bolsters its position in the global ethanolamine market.

In North America, the ethanolamine market is experiencing steady expansion. This upward trend is driven by growing demand from sectors such as agriculture, personal care, and gas treatment that require chemical intermediates. The region’s robust chemical industry and technological advancements in production processes contribute significantly to the adoption of ethanolamines.

Overall, the ethanolamine market shows promising growth prospects, supported by increasing awareness of sustainable chemical applications and the need for versatile chemical intermediates across diverse industrial sectors and regions.

Key Regions and Countries

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia & CIS
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

The Ethanolamine Market features a diverse array of key players, each contributing to its growth and innovation through their unique strengths and strategic initiatives. BASF SE and Dow are leading global chemical companies, known for their extensive product portfolios and advanced production technologies.

Nouryon specializes in high-performance chemical solutions, while SABIC benefits from a robust distribution network and a strong commitment to sustainability. Indorama Ventures Limited leverages integrated production facilities and strategic acquisitions to strengthen its market position.

Xian Lin Chemical and KPX Green are notable players in the Asian market, focusing on high-quality ethanolamine production. Akzo Nobel (formerly part of Nouryon) is known for innovation and sustainability in specialty chemicals. Jiahua has a significant presence in China, serving various industries with a wide range of ethanolamines.

Huntsman and DowDuPont maintain competitive advantages through technological advancements and strategic partnerships. Nippon Shokubai Co., Ltd. and OUCC emphasize research and sustainable practices in Asia. Ineos Oxides is recognized for its high-quality products and global reach, while Yinyan Specialty Chemicals caters to niche markets with tailored solutions, contributing to the overall growth of the ethanolamine market​​​​​.

Market Key Players

• BASF SE
• Dow
• Nouryon
• SABIC
• Indorama Ventures Limited
• Xian Lin Chemical
• KPX Green
• Akzo Nobel
• Jiahua
• Huntsman
• DowDuPont
• Nippon Shokubai Co., Ltd.
• OUCC
• Ineos Oxides
• Yinyan Specialty Chemicals

Recent Developments

In 2023, BASF experienced consistent demand for its ethanolamines, driven by their applications in high-quality herbicides like glyphosate, which are crucial for the agrochemical industry.

In 2023, Dow faced challenges due to a severe winter storm that disrupted its production facilities in the US Gulf Coast, leading to temporary plant closures and a declaration of Force Majeure.

Report Scope