Mono-Ethanolamine Market Synopsis:
Mono-Ethanolamine Market Size Was Valued at USD 3.66 Billion in 2023, and is Projected to Reach USD 5.77 Billion by 2032, Growing at a CAGR of 5.20% From 2024-2032.
MEA is a colourless viscous liquid with use in chemical synthesis, gas treatment, surfactants, herbicides and in personal care products. A popular multi-purpose solvent, MEA boasts strong alkalinity and buffering capacities as well as solvency and can function as both an amine and alcohol. It is also employed extensively to ‘scrub’ acidic gases where it selectively removes CO2 and particularly, H2S in processes such as natural gas sweetening and in the processing of crude oil.
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The global trend of the MEA market is expanding at a faster rate because of its use in many industries including chemical, personal care, textile, agriculture, and other industries. MEA’s application in the treatment of gas particularly, elimination of hydrogen Sulphide and carbon dioxide from gases has placed it as a fundamental product in oil and oil sector. Further, MEA is also used extensively in agriculture through the formulation in herbicides as well as pesticides that improves crop yield and its quality and drives the market ahead. Other markets which support growth include the ones where MEA is used as an indispensable component in the form of emulsifier and surfactant in personal care and cleaning products.
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The MEA market has been affected by environmental regulation and the transformation of energy solutions. Regarding the usage of gas treatment, CCS technology using MEA as a solvent is slowly but surely emerging as industry looks for cost-effective ways of reducing emissions. At the same time, as investments in the development of technologies with low carbon intensity are steadily increasing, they should contribute to the growth of demand in MEA. This integration of traditional and renewable uses is expected to maintain the MEA market in a state of constant growth over the years to come.
Mono-Ethanolamine Market Trend Analysis:
Growing Emphasis on Carbon Capture Technologies
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Such industries that have specifically been adopting MEA technology are shifting their growth strategies towards carbon capture and storage (CCS) due to rising pressures to meet low emission standards around the world. The efficiency with which MEA captures CO? from flue gases has made it the most commonly used solvent in the CCS process in power plants, refineries, and other companies involved in the emission of high levels of CO?. With increased pressure to clean up industries, MEA is finding increasing use in carbon capture and storage, in line with efforts towards climate change interventions and a low carbon economy.
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This is also being backed by government policies that offer incentives and subsidies for low emission technologies. Moreover, constant researches for the improvement of CCS effectiveness and its scalability, augments the MEA demand in this segment too. Since CCS is expected to expand its availability and since industrial plants globally focus more on emissions reduction, MEA’s place in safe solutions should expand more. This trend presents MEA as a chemically relevant component in various traditional applications and novel sustainable technologies.
Expansion in Emerging Economies
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High growth for monoethanolamine (MEA) market is expected in the emerging economies particularly in Asia-Pacific region. High growth rate in industrialization and urbanization is stimulating the MEA market through manufacturing industries, construction companies, and chemical industries. As such industries grow in countries like India, China and SE Asia, MEA has a wide applications area under its umbrella because of its chemical nature. especially in water softening and acting as a corrosion preventative in production, the substance is crucial to the rapidly evolving industrial zones.
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Principal demand for MEA is also derived from the growing textile and personal care industries in Asia-Pacific region where the chemical is used in the production of surfactants and emulsifiers in personal care products. Government expenditure in infrastructural and manufacturing solutions even more MEA’s market prospects since these sectors get in need of chemicals that enhance production efficiency. While MEA manufacturers aim to capitalise on these growing trends, the Asia-Pacific region is likely to remain a strong growth market for several more years.
Mono-Ethanolamine Market Segment Analysis:
Mono-Ethanolamine Market is Segmented on the basis of End-Use Industry, Application, End User, and Region.
By End-Use Industry, Oil & Gas segment is expected to dominate the market during the forecast period
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The major uses of MEA demonstrate how the compound is used across the end use industries and the importance of those industries. MEAs are predominantly used in the oil and gas industry because the industry requires MEAs to remove acidic gases such as hydrogen sulphide and carbon dioxide from gas streams. This usage is required in the traditional gas upgrading process as well as in relatively recent attempts at carbon capture and sequestration, necessary for compliance with the new stringent emissions standards. Another huge market is agriculture as MEA is applied to the synthesis of herbicides to enhance crop Defense and productivity. MEA is also used in cleaning and colouring in the personal care and cosmetics industry including in skin care products, shampoos and soaps due to MEA’s mild buffering and stabilizing effects.
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Apart from these sectors, MEA has a good market as a chemical intermediate and a molecular component that forms the basis for the formulations and syntheses carried out in the chemicals industry. ME Standard’s dyeing and finishing services are critical to textiles industry since the enhancements the fabric’s quality and longevity. They pointed out that the construction sector employs MEA as a cement additive, which enhances the workability and setting time necessary for major construction projects. Others are employed in such areas as water treatment and in other products for the industrial use where it applies as an essential neutralizing agent. Combined, these end-use industries show how MEA is required in a broad range of applications for various sectors in both mature and developing markets.
By Application, gas treatment segment expected to held the largest share
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MEA has ever-increasing uses in different industries, although primarily used in gas treatment. MEA exhibits excellent corrosive gas treating characteristics especially for the removal of carbon dioxide (CO2) and hydrogen sulphide (H2S) in the natural and refinery gases. Due to this, it is commonly used in various treatments of gas especially in the oil and the gas industry to guarantee that natural gas meets set quality for delivery. MEA is also useful in carbon capture and storage (CCS) technologies because it assist in lowering carbon emission from industries in conformity to international standards.
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Besides gas treatment, MEA is also used in the manufacture of surfactant agents especially in agents with improved solubilities and emulsifying properties to be used in cleaning agents, detergents, and even in production of personal products. It also finds uses in the synthesis of herbicides, which Is used in formulation of chemical based treatments for pests and weeds in agriculture. MEA is also added to cement in order to enhance its workability and early strength development, and to improve the eventual strength of the hardened cement. In addition to these, MEA is incorporated in a host of other products and used in several other processes making it a valuable commodity in several industries, including textiles, pharmaceuticals, industrial cleaners.
Mono-Ethanolamine Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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And in 2023, Asia Pacific which acquires approximately 40% of the total business was leading the MEA market of the world. This is mainly attributed by the high demand in various important segments such as textiles, agriculture and personal care. These industries, rubbers industry, electronics industry and few others which form economic nuclei of China, India and several other South Asian countries rely heavily on MEA due to its uniqueness and efficiency in applications like surfactants, herbicides and emulsifiers among others. MEA consumers in the region are further boosted by the active manufacturing industry especially in construction and manufacturing industries where MEA usability dingles on its buffering angles and as a corrosion inhibitor.
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Apart from industrial demand, MEA has also played an upstream function in the Asia-Pacific region’s emerging oil and gas sector, in part, to help regulate emissions tied to gas treatment, despite the region’s rising environmental initiatives. Pioneered and highly dependent on MEA, China reaps the benefits of having a strong industrial structure and advanced physical infrastructure that favours MEA production at commercial scale. On the other hand, increasing chemical and agricultural industries in India are putting tremendous pressure to meet the MEA demand domestically. Combined these factors put Asia-Pacific on a stronger foundation to be the largest market for MEA with MEA’s growth set to grow as economies mature and demand higher standards for emissions.
Active Key Players in the Mono-Ethanolamine Market:
- Akzo Nobel N.V. (Netherlands)
- BASF SE (Germany)
- Celanese Corporation (United States)
- Dow Chemical Company (United States)
- Eastman Chemical Company (United States)
- Hexion Inc. (United States)
- Huntsman Corporation (United States)
- INEOS Group Holdings S.A. (United Kingdom)
- Jiangsu Yinyan Specialty Chemicals Co., Ltd. (China)
- LyondellBasell Industries N.V. (Netherlands)
- Mitsubishi Gas Chemical Company, Inc. (Japan)
- Nippon Shokubai Co., Ltd. (Japan)
- SABIC (Saudi Arabia)
- Sintez OKA LLC (Russia)
- Taminco Corporation (United States)
- Other Active Players
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Global Mono-Ethanolamine Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 3.66 Billion |
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Forecast Period 2024-32 CAGR: |
5.20 % |
Market Size in 2032: |
USD 5.77 Billion |
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Segments Covered: |
By End-Use Industry |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: mono-ethanolamine Market by end-use industry
4.1 mono-ethanolamine Market Snapshot and Growth Engine
4.2 mono-ethanolamine Market Overview
4.3 Oil & Gas
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Oil & Gas: Geographic Segmentation Analysis
4.4 Agriculture
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Agriculture: Geographic Segmentation Analysis
4.5 Personal Care & Cosmetics
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Personal Care & Cosmetics: Geographic Segmentation Analysis
4.6 Chemicals
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Chemicals: Geographic Segmentation Analysis
4.7 Textiles
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Textiles: Geographic Segmentation Analysis
4.8 Construction
4.8.1 Introduction and Market Overview
4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.8.3 Key Market Trends, Growth Factors and Opportunities
4.8.4 Construction: Geographic Segmentation Analysis
4.9 Others
4.9.1 Introduction and Market Overview
4.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.9.3 Key Market Trends, Growth Factors and Opportunities
4.9.4 Others: Geographic Segmentation Analysis
Chapter 5: mono-ethanolamine Market by Application
5.1 mono-ethanolamine Market Snapshot and Growth Engine
5.2 mono-ethanolamine Market Overview
5.3 Gas Treatment
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Gas Treatment: Geographic Segmentation Analysis
5.4 Surfactants
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Surfactants: Geographic Segmentation Analysis
5.5 Cement Additives
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Cement Additives: Geographic Segmentation Analysis
5.6 Herbicides
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Herbicides: Geographic Segmentation Analysis
5.7 Personal Care Products
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Personal Care Products: Geographic Segmentation Analysis
5.8 Others
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others: Geographic Segmentation Analysis
Chapter 6: Company Profiles and Competitive Analysis
6.1 Competitive Landscape
6.1.1 Competitive Benchmarking
6.1.2 mono-ethanolamine Market Share by Manufacturer (2023)
6.1.3 Industry BCG Matrix
6.1.4 Heat Map Analysis
6.1.5 Mergers and Acquisitions
6.2 AKZO NOBEL N.V. (NETHERLANDS)
6.2.1 Company Overview
6.2.2 Key Executives
6.2.3 Company Snapshot
6.2.4 Role of the Company in the Market
6.2.5 Sustainability and Social Responsibility
6.2.6 Operating Business Segments
6.2.7 Product Portfolio
6.2.8 Business Performance
6.2.9 Key Strategic Moves and Recent Developments
6.2.10 SWOT Analysis
6.3 BASF SE (GERMANY)
6.4 CELANESE CORPORATION (UNITED STATES)
6.5 DOW CHEMICAL COMPANY (UNITED STATES)
6.6 EASTMAN CHEMICAL COMPANY (UNITED STATES)
6.7 HEXION INC. (UNITED STATES)
6.8 HUNTSMAN CORPORATION (UNITED STATES)
6.9 INEOS GROUP HOLDINGS S.A. (UNITED KINGDOM)
6.10 JIANGSU YINYAN SPECIALTY CHEMICALS CO. LTD. (CHINA)
6.11 LYONDELLBASELL INDUSTRIES N.V. (NETHERLANDS)
6.12 MITSUBISHI GAS CHEMICAL COMPANY INC. (JAPAN)
6.13 NIPPON SHOKUBAI CO. LTD. (JAPAN)
6.14 SABIC (SAUDI ARABIA)
6.15 SINTEZ OKA LLC (RUSSIA)
6.16 TAMINCO CORPORATION (UNITED STATES)
6.17
6.18 OTHER ACTIVE PLAYERS
Chapter 7: Global mono-ethanolamine Market By Region
7.1 Overview
7.2. North America mono-ethanolamine Market
7.2.1 Key Market Trends, Growth Factors and Opportunities
7.2.2 Top Key Companies
7.2.3 Historic and Forecasted Market Size by Segments
7.2.4 Historic and Forecasted Market Size By end-use industry
7.2.4.1 Oil & Gas
7.2.4.2 Agriculture
7.2.4.3 Personal Care & Cosmetics
7.2.4.4 Chemicals
7.2.4.5 Textiles
7.2.4.6 Construction
7.2.4.7 Others
7.2.5 Historic and Forecasted Market Size By Application
7.2.5.1 Gas Treatment
7.2.5.2 Surfactants
7.2.5.3 Cement Additives
7.2.5.4 Herbicides
7.2.5.5 Personal Care Products
7.2.5.6 Others
7.2.6 Historic and Forecast Market Size by Country
7.2.6.1 US
7.2.6.2 Canada
7.2.6.3 Mexico
7.3. Eastern Europe mono-ethanolamine Market
7.3.1 Key Market Trends, Growth Factors and Opportunities
7.3.2 Top Key Companies
7.3.3 Historic and Forecasted Market Size by Segments
7.3.4 Historic and Forecasted Market Size By end-use industry
7.3.4.1 Oil & Gas
7.3.4.2 Agriculture
7.3.4.3 Personal Care & Cosmetics
7.3.4.4 Chemicals
7.3.4.5 Textiles
7.3.4.6 Construction
7.3.4.7 Others
7.3.5 Historic and Forecasted Market Size By Application
7.3.5.1 Gas Treatment
7.3.5.2 Surfactants
7.3.5.3 Cement Additives
7.3.5.4 Herbicides
7.3.5.5 Personal Care Products
7.3.5.6 Others
7.3.6 Historic and Forecast Market Size by Country
7.3.6.1 Russia
7.3.6.2 Bulgaria
7.3.6.3 The Czech Republic
7.3.6.4 Hungary
7.3.6.5 Poland
7.3.6.6 Romania
7.3.6.7 Rest of Eastern Europe
7.4. Western Europe mono-ethanolamine Market
7.4.1 Key Market Trends, Growth Factors and Opportunities
7.4.2 Top Key Companies
7.4.3 Historic and Forecasted Market Size by Segments
7.4.4 Historic and Forecasted Market Size By end-use industry
7.4.4.1 Oil & Gas
7.4.4.2 Agriculture
7.4.4.3 Personal Care & Cosmetics
7.4.4.4 Chemicals
7.4.4.5 Textiles
7.4.4.6 Construction
7.4.4.7 Others
7.4.5 Historic and Forecasted Market Size By Application
7.4.5.1 Gas Treatment
7.4.5.2 Surfactants
7.4.5.3 Cement Additives
7.4.5.4 Herbicides
7.4.5.5 Personal Care Products
7.4.5.6 Others
7.4.6 Historic and Forecast Market Size by Country
7.4.6.1 Germany
7.4.6.2 UK
7.4.6.3 France
7.4.6.4 The Netherlands
7.4.6.5 Italy
7.4.6.6 Spain
7.4.6.7 Rest of Western Europe
7.5. Asia Pacific mono-ethanolamine Market
7.5.1 Key Market Trends, Growth Factors and Opportunities
7.5.2 Top Key Companies
7.5.3 Historic and Forecasted Market Size by Segments
7.5.4 Historic and Forecasted Market Size By end-use industry
7.5.4.1 Oil & Gas
7.5.4.2 Agriculture
7.5.4.3 Personal Care & Cosmetics
7.5.4.4 Chemicals
7.5.4.5 Textiles
7.5.4.6 Construction
7.5.4.7 Others
7.5.5 Historic and Forecasted Market Size By Application
7.5.5.1 Gas Treatment
7.5.5.2 Surfactants
7.5.5.3 Cement Additives
7.5.5.4 Herbicides
7.5.5.5 Personal Care Products
7.5.5.6 Others
7.5.6 Historic and Forecast Market Size by Country
7.5.6.1 China
7.5.6.2 India
7.5.6.3 Japan
7.5.6.4 South Korea
7.5.6.5 Malaysia
7.5.6.6 Thailand
7.5.6.7 Vietnam
7.5.6.8 The Philippines
7.5.6.9 Australia
7.5.6.10 New Zealand
7.5.6.11 Rest of APAC
7.6. Middle East & Africa mono-ethanolamine Market
7.6.1 Key Market Trends, Growth Factors and Opportunities
7.6.2 Top Key Companies
7.6.3 Historic and Forecasted Market Size by Segments
7.6.4 Historic and Forecasted Market Size By end-use industry
7.6.4.1 Oil & Gas
7.6.4.2 Agriculture
7.6.4.3 Personal Care & Cosmetics
7.6.4.4 Chemicals
7.6.4.5 Textiles
7.6.4.6 Construction
7.6.4.7 Others
7.6.5 Historic and Forecasted Market Size By Application
7.6.5.1 Gas Treatment
7.6.5.2 Surfactants
7.6.5.3 Cement Additives
7.6.5.4 Herbicides
7.6.5.5 Personal Care Products
7.6.5.6 Others
7.6.6 Historic and Forecast Market Size by Country
7.6.6.1 Turkiye
7.6.6.2 Bahrain
7.6.6.3 Kuwait
7.6.6.4 Saudi Arabia
7.6.6.5 Qatar
7.6.6.6 UAE
7.6.6.7 Israel
7.6.6.8 South Africa
7.7. South America mono-ethanolamine Market
7.7.1 Key Market Trends, Growth Factors and Opportunities
7.7.2 Top Key Companies
7.7.3 Historic and Forecasted Market Size by Segments
7.7.4 Historic and Forecasted Market Size By end-use industry
7.7.4.1 Oil & Gas
7.7.4.2 Agriculture
7.7.4.3 Personal Care & Cosmetics
7.7.4.4 Chemicals
7.7.4.5 Textiles
7.7.4.6 Construction
7.7.4.7 Others
7.7.5 Historic and Forecasted Market Size By Application
7.7.5.1 Gas Treatment
7.7.5.2 Surfactants
7.7.5.3 Cement Additives
7.7.5.4 Herbicides
7.7.5.5 Personal Care Products
7.7.5.6 Others
7.7.6 Historic and Forecast Market Size by Country
7.7.6.1 Brazil
7.7.6.2 Argentina
7.7.6.3 Rest of SA
Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies
Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
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Global Mono-Ethanolamine Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 3.66 Billion |
|
Forecast Period 2024-32 CAGR: |
5.20 % |
Market Size in 2032: |
USD 5.77 Billion |
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Segments Covered: |
By End-Use Industry |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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