Global Mono-ethanolamine Market Size to Exceed USD 3,788.92 Million by 2033: Market Statistics Report

Global Mono-ethanolamine Market Size to Exceed USD 3,788.92 Million by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Mono-ethanolamine Market Size is Expected to Grow from USD 2,226.72 Million in 2023 to USD 3,788.92 Million by 2033, at a CAGR of 5.46% during the forecast period 2023-2033.   

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Mono-ethanolamine Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Industrial Grade, Pharmaceutical Grade, and Others), By Application (Detergents, Pharmaceuticals, Cosmetics, Personal Care Products, Agricultural Chemicals, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033          

The mono-ethanolamine (MEA) market includes the production and use of MEA, a chemical that is used as a cleaning agent, pH regulator, and chemical intermediate. It finds extensive use in gas treatment, personal care, agriculture, textiles, and pharmaceuticals, serving a major role in surfactants, corrosion inhibition, and industrial cleaning. Moreover, the mono-ethanolamine (MEA) Market is boosted by rising demand in gas treatment, personal care, agriculture, and industrial cleaning. Market growth is fueled by growth in natural gas processing and carbon capture technologies. Increased usage of surfactants, detergents, and corrosion inhibitors also increases demand. The growth of the pharmaceutical and textile industries, as well as improvements in chemical manufacturing, also fuel the increasing use of MEA in different applications. However, the mono-ethanolamine (MEA) market is also inhibited by the issues of varying raw material prices, environmental factors, regulatory limits placed on amine emissions, and possible health risks, constraining its general utilization in some industries and applications.

The industrial grade segment accounted for the largest share of the global mono-ethanolamine market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.              

On the basis of product type, the global mono-ethanolamine market is divided into industrial grade, pharmaceutical grade, and others. Among these, the industrial grade segment accounted for the largest share of the global mono-ethanolamine market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is because of its widespread application in gas treatment, detergents, textiles, and corrosion inhibitors. Its heavy demand in natural gas processing, chemical production, and industrial cleaning processes makes it the industry favourite in numerous industries, propelling strong market growth.

The detergents segment accounted for a substantial share of the global mono-ethanolamine market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the application, the global mono-ethanolamine market is divided into detergents, pharmaceuticals, cosmetics, personal care products, agricultural chemicals, and others. Among these, the detergents segment accounted for a substantial share of the global mono-ethanolamine market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is attributed to its vast application as an emulsifier and surfactant in cleaning products for home and industrial uses. Its popularity in liquid cleaning detergents, fabric conditioners, and industrial cleaning liquids propels growth in the market, making MEA a top application.

Asia Pacific is projected to hold the largest share of the global mono-ethanolamine market over the projected period.

Asia Pacific is projected to hold the largest share of the global Mono-ethanolamine market over the projected period. This is growing due to the demand in gas treatment, detergents, personal care, and agriculture industries. China, India, and Japan are at the forefront as these have growing manufacturing industries, rising populations, and growing industrial operations, fueling the usage of MEA in different applications throughout the region.

North America is expected to grow at the fastest CAGR of the global mono-ethanolamine market during the projected period. This is led by robust demand for gas treatment, detergents, pharmaceuticals, and personal care products. The U.S. and Canada dominate the market because of advances in industrial applications, rising natural gas processing activities, and rising emphasis on sustainable and high-performance chemical solutions.

Company Profiling

Major vendors in the global mono-ethanolamine market are Amines & Plasticizers Ltd., BASF SE, Dow, Helm AG, Indorama Ventures Public Company Limited, INEOS, Jay Dinesh Chemicals, Jiaxing Jinyan Chemical Co. Ltd., Nippon Shokubai Co., Ltd., Nouryon, OUCC, Sabic, Sasol, Sintez OKA Group of Companies, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In February 2023, Nippon Shokubai announced the acquisition of ISCC PLUS certification for a number of products such as mono-ethanolamine manufactured at its Himeji Plant and Kawasaki Plant. The certification will contribute to enabling the company to build a system to produce and sell certified products utilizing biomass-based raw materials distributed by the mass balance method and also providing a diverse variety of low-carbon footprint products.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global mono-ethanolamine market based on the below-mentioned segments:

Global Mono-ethanolamine Market, By Product Type

• Industrial Grade
• Pharmaceutical Grade
• Others

Global Mono-ethanolamine Market, By Application

• Detergents
• Pharmaceuticals
• Cosmetics
• Personal Care Products
• Agricultural Chemicals
• Others

Global Mono-ethanolamine Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa