Ethanolamine is a colorless, corrosive, flammable, toxic, and viscous liquid material used as feedstock in the manufacture of Triethanolamine, Diethanolamines and, Monoethanolamines, which finds application in the production of pharmaceuticals, corrosion inhibitors, detergents, chemical intermediates, polishes, and emulsifiers. Ethanolamine is the second most abundant head group substances for phospholipids. There is a growing demand for ethanolamines in the personal care industry, pharmaceuticals, wood preservatives, textiles, detergents, herbicides, gas treatment, cement, metal cleaning, printing inks, agrochemicals, etc., which is expected to be one of the major drivers of the market.
In the cosmetics and personal care industry, ethanolamine market are widely used to manufacture various products such as shampoos, liquid soaps, bath foams, etc. However, the European Commission has banned the use of diethanolamines in cosmetics to reduce the contamination from carcinogenic nitrosamines. Moreover, there is significant evidence that this chemical has ill-effects on the liver. This limits the use of these chemicals in a wide range of applications, which is expected to hamper the market growth. Based on the product type, diethanolamine is likely to be the most attractive product segment (despite various challenges) due to its wide applications in the manufacturing of herbicides as raw materials.
Moreover, the increasing demand for triethanolamine in the construction industry is expected to propel the growth of the ethanolamine market. Triethanolamine is used as a cement grinding aid and performance enhancer to improve the quality of cement and reduce energy consumption. Furthermore, growing infrastructure development in countries such as Saudi Arabia, United Arab Emirates, Qatar, Brazil, India, and China is expected to boost the demand for triethanolamine, which in turn augment the market growth. For instance, in 2017, India planned to invest US$ 376.53 billion in infrastructure development for over three years.
Moreover, Qatar is expected to spend US$ 108 billion on infrastructure and other development projects, according to the Gulf state’s Minister of Economy and Commerce. In terms of geography, the ethanolamine market is divided into six regions, such as North America, South America, Asia Pacific, Europe, the Middle East, and Africa. The Asia Pacific was the largest market for ethanolamines in the past and the trend is expected to continue due to the rapid growth of end-use industries due to cheap production cost, increasing domestic consumption, rising population, increasing per-capita income, and changing living standards. Thus, the increasing demand for ethanolamines from the end-use industries is boosting the growth of the market.
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