Ethanolamines are yellow, clear, thick viscous liquids, with amine-like flavors, that possess the similar physical and chemical properties of other sugars and alcohols. Ethanolamines reduce the surface tension of ingredients so that oil and water-soluble ingredients can easily be combined. The main product of this chemical class is ethanol, a product that can also be used as a fuel additive, diesel fuel, and bleach. In general, the structure of ethanolamines is similar to that of many amines and sugars, except that instead of containing one carbon or hydrogen atom, there are four carbon atoms and one hydrogen atom
Growing demand for agrochemical is primarily fueling the growth of the ethanolamines market. This can be attributed to the growing demand for food around the globe due to the increasing population. According to the United Nation, the world's population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050, and could peak at nearly 11 billion around 2100. Increasing demand for the product from other applications such as paints & coatings, cosmetics, textiles, additives is again anticipated to foster market growth. Moreover, the rising demand for surfactant in detergent is also projected to augment the demand for ethanolamines. Thus, growing hygiene awareness among consumers coupled with the improving standard of living is further projected to propel the growth of the ethanolamines market.
The Asia Pacific is expected to exhibit significant growth over the forecast period and this is attributed to rapid urbanization coupled with the improving standard of living in the region. According to the United Nation, the Asia-Pacific region became majority urban in 2019 for the first time in human history. With more than 2.3 billion people in the region now living in cities, the need for a sustainable urban future has never been greater. By 2050, an additional 1.2 billion new urban residents will also have profound implications for the region’s economy, society, and environment.
Key Developments:
In March 2017, BASF hikes ethanolamine price due to continuous demand in Europe
In July 2017, Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up its Amines plant. The Sadara Amines plant is composed of two separate facilities, the Ethanolamines plant, and the Ethyleneamines plant, which together will produce a broad range of products from detergents and personal care items
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