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Ethyleneamines
“Ethyleneamines Market: Exactitude Consultancy Research Report Offers Comprehensive industry Overview and Future Projections”
Ethyleneamines demand is rising due to their versatility in adhesives, lubricants, and agrochemicals, driven by growth in construction and Agriculture sectors” - Exactitude Consultancy
LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 27, 2024 /EINPresswire / -- Ethyleneamines market Overview:
Revenue from the global Ethyleneamines Market size is estimated to reach US$ 1.80 billion in 2023. The market has been analyzed to climb to a value of US$ 2.79 billion by the end of 2030, expanding at a CAGR of 6.5% over the next decade.
The ethyleneamines market is experiencing significant expansion, with key contributions from emerging economies in Asia Pacific and Middle East & Africa. These influential economies are driving the ethyleneamines market to higher levels, transforming the industry's structure. The growth of the ethyleneamines market is being propelled by the expanding economies, evolving industrial needs, and environmental concerns in the Asia Pacific and Middle East & Africa regions. With the market growing, companies should strengthen their presence, nurture key partnerships, and maintain flexible supply chains in these areas. By capitalizing on these opportunities for expansion and meeting the unique needs of developing markets, businesses can successfully tap into the potential offered by the Asia Pacific and Middle East & Africa regions, cementing their position as important players in the ever-changing global chemical sector. In essence, these developing markets play a crucial role, enabling effectiveness, durability, and success in various sectors, positioning ethyleneamines as agents for advancement in the constantly changing chemical field.
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Competitive Rivalry:
The Ethyleneamines market supports a range of applications, including supply chain analytics, risk analysis, demand forecasting, and vendor management. Solutions in this market encompass various modules such as financial surveys, real-time and batch data analysis, category management, and compliance management. Implementing these modules enhances data optimization, automates data cleansing, and facilitates sourcing category analysis.
Vital Companies Profiled in the Report are: BASF SE, Delamine BV, Diamines and Chemicals Ltd., Dow, Fisher Chemical, Nouryon, Oriental Union Chemical Corporation, Huntsman International LLC, Sadara Chemical Company, Saudi Basic Industries Corporation (SABIC), Tosoh Corporation, Akzo Nobel N.V., Parsol Chemicals Pvt. Ltd, and others.
Recent Developments:
May 23, 2023: Huntsman announced the development of innovative polyurethane, carbon nanotube and epoxy materials at The Battery Show this week, which are all designed to help improve the integration of batteries into electric vehicles and enhance their protection and performance.
31 Jan 2023: Nouryon announced the US launch of Triameen® Y12D antimicrobial active that allows customers to formulate high-efficiency disinfectants for a variety of uses including household, institutional, and industrial applications.
Ethyleneamines Market: Growth Drivers
Ethylenediamine, an organic compound, is a key component in the production of agricultural chemicals such as pesticides and fertilizers. Governments allocate significant funds towards agricultural programs and investments as they are effective in boosting environmental sustainability and agricultural productivity.
The goal of the Agriculture and Food Research Initiative (AFRI), a program under the US Department of Agriculture, is to enhance human nutrition, ensure food security, and train future agricultural workers. In May 2019, NABARD revealed plans to invest Rs 700 crore (US$ 100 million) in a venture capital fund aimed at supporting Indian start-ups in the agriculture and rural sector through equity investments.
Also, in 2022, the Canadian government provided $560,000 to the Canadian Federation of Agriculture (CFA) to support the establishment of the Canadian Agri-Food Sustainability Initiative. Therefore, the expansion of the ethyleneamines industry is driven by the growth of the agriculture sector and government initiatives.
Market Segments by Ethyleneamines
Ethyleneamines Market by Type 2022-2029, (USD Billion) (Kilotons)
Ethylenediamines(EDA)
Diethylenetriamines(DETA)
Triethylenetetraamines(TETA)
Aminoethylpiperazine(AEP-HP)
Others
Ethyleneamines Market by End-Use Industry, 2022-2029, (USD Billion) (Kilotons)
Personal Care
Pulp and Paper
Adhesives, Paints, and Resins
Agro Chemicals
Automotive
Pharmaceuticals
Oil and Gas
Other End-user Industries
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The ethylenediamine segment is projected to have the highest market share in the ethyleneamines market, based on type.
During the projected timeframe, the Ethylenediamine (EDA) sector is forecasted to be the leading segment in the market. The increase in the sector is due to the growing need for ethylenediamine in various industries, where it is utilized for items such as chelating agents, corrosion inhibitors, ethylene urea resins, ion exchange resins, thermoplastic resin lubricants, petroleum additives, polyamide resins, rubber chemicals, surface-active agents, and more.
It is the smallest ethyleneamine produced in terms of molecular weight, and it is a clear and colorless substance consisting of a single component. Additionally, ethylenediamine is used as a precursor in the production of tetra acetyl ethylenediamine (TAED), an activator for bleaching present in detergents, as well as in dishwashing and laundry additives. Consequently, it is anticipated that there will be a significant increase in the demand for ethylenediamine over the projection period, driven by higher demand from diverse applications.
According to the application, the lube oil & fuel additives sector is expected to hold the second largest market share in the ethyleneamines market.
The primary use of ethyleneamines is in ashless dispersants for engine oils and lubricants, as well as in specific dispersant detergents for fuels. Lubricant additives primarily work to decrease the creation of sludge and varnish build-up in internal combustion engines by preventing particles from clumping, dissolving oil-insoluble substances, and countering acidic compounds generated during combustion. The mono- and bis-polyisobutene-succinimides are the ethyleneamine derivatives commonly used for these purposes, typically made by reacting polyisobutene-succinic anhydrides (PIBSAs) with ethyleneamines. The ethyleneamines with higher molecular weight are the most commonly used for these derivatives, although all ethyleneamines have been utilized for different products. Post-processing techniques are frequently used to enhance the efficiency of engine oils containing succinimides. Ethyleneamines are additionally utilized in dispersant-varnish inhibitors in lubricating oils designed for two-stroke engines.
Ethyleneamines Market Regional Insights
North America's market dominance is due to the growing demand for these compounds in key industries like water treatment and pharmaceuticals. The demand for ethyleneamines as effective treatment agents is driven by the strict water quality regulations in the region. Moreover, the demand is further supported by their important role in pharmaceutical production. This trend highlights the important role of North America in influencing the growth of the ethyleneamines market.
Robust demand for ethyleneamines is anticipated to drive lucrative growth in the forecast period for the Asia-Pacific region. Nations like China, India, and other developing economies are driving this need, especially in various end-user sectors. The rapid growth of industry and construction in these countries is increasing the demand for ethyleneamines for a variety of uses, leading to continuous growth opportunities in the area. This trend highlights the importance of the region as a major market for ethyleneamines, with its strong economic growth driving ongoing expansion in the coming years.
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