What is the current market size and future outlook for the monoethanolamine market?
The monoethanolamine market size has grown strongly in recent years. It will grow from $3.24 $ billion in 2024 to $3.46 $ billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to expansion in the construction industry, growth in oil and gas refining, rise in use as corrosion inhibitors, growing demand in herbicides and pesticides, growth in the production of ethanol-based Chemicals.
The monoethanolamine market size is expected to see strong growth in the next few years. It will grow to $4.45 $ billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing demand in agroChemicals, increasing use in surfactants for detergents, rising adoption in gas sweetening processes, growth in the textile industry, increased use in personal care products. Major trends in the forecast period include expanding applications in cement grinding aids, demand for water treatment solutions, increasing applications in metalworking fluids, advancements in chemical manufacturing processes, advancements in gas treatment and purification technologies.
Get Your Free Sample of The Global Monoethanolamine Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19602&type=smp
How has the monoethanolamine market evolved, and what factors have shaped its growth?
The rising application in the pharmaceutical industry is expected to propel the growth of the monoethanolamine market going forward. The pharmaceutical industry is a sector that focuses on the research, development, manufacturing, and marketing of drugs and medications to improve health and treat diseases. The pharmaceutical industry is rising due to increasing demand for advanced treatments and medications, the growing prevalence of chronic diseases, and ongoing innovations in drug development. Monoethanolamine is required in the pharmaceutical industry as a key ingredient in synthesizing various drugs, serving as a building block for producing active pharmaceutical ingredients and formulations. For instance, in December 2022, according to a report published by Statistics Canada, a Canada-based government agency, sales in the personal and household goods subsector rose by 2.8% for the third consecutive month in October 2022, reaching $11.6 billion. This growth was primarily driven by a 3.9% increase in the pharmaceuticals and pharmacy supplies industry, reaching $6.4 billion, which is the highest level since January 2022. Therefore, the rising application in the pharmaceutical industry is driving the growth of the monoethanolamine market.
What are the major segments of the monoethanolamine market?
The monoethanolaminemarket covered in this report is segmented –
1) By Type: Purity 99% And Above, Purity Below 99%
2) By Form: Liquid, Solid
3) By Grade: Industrial Grade, Pharmaceutical Grade
4) By Distribution Channel: Direct Sales, E-Commerce, Other Distribution Channels
5) By Application: Detergents And Cleaners, Gas Treatment, Personal Care Products, Herbicides, Chemical Intermediates, Cement Additives, Other Applications
Subsegments:
1) By Purity 99% and Above: Pharmaceutical Grade Monoethanolamine, Industrial Grade Monoethanolamine, Food Grade Monoethanolamine, High Purity Monoethanolamine
2) By Purity Below 99%: Technical Grade Monoethanolamine, Agricultural Grade Monoethanolamine, Impure Monoethanolamine (Mixed Grades)
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/monoethanolamine-global-market-report
Which companies dominate the monoethanolamine market?
Major companies operating in the monoethanolamine market are BASF SE, Dow Chemical Company, SABIC (Saudi Basic Industries Corporation), Sasol Limited, Lotte Chemical Corporation, INEOS Group, Akzo Nobel N.V., Eastman Chemical Co., Huntsman International LLC, Lubrizol Corporation, Petronas Chemicals Group Berhad, Nouryon, Nippon Shokubai Co. Ltd., HELM AG, Zhejiang Jianye Chemical Co. Ltd., Miwon Commercial Co. Ltd., Alkyl Amines Chemicals Ltd., Amines & Plasticizers Ltd., Colonial Chemical Solutions Inc., Enaspol GmbH, Jiahua Chemicals Inc., Mitsui Chemicals Inc
How will evolving trends contribute to the growth of the monoethanolamine market?
Major companies operating in the monoethanolamine market are adopting a strategic partnership approach to extend their product portfolio of amines. Strategic partnerships are collaborative agreements between organizations that combine resources, expertise, or capabilities to achieve mutual business goals and competitive advantages. For instance, in February 2024, BASF SE, a Germany-based manufacturer of monoethanolamine products, partnered with OQEMA AG, a Germany-based chemical distributor company. As a result of the partnership, OQEMA will leverage its extensive distribution and sales network along with its deep understanding of the UK market. BASF, in turn, will provide high-quality, competitively priced products at scale, enhancing the combined market presence.
What are the key regional dynamics of the monoethanolamine market, and which region leads in market share?
Asia-Pacific was the largest region in the monoethanolamine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monoethanolamine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Monoethanolamine Market Report 2025 Offer?
The monoethanolamine market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Monoethanolamine (MEA) is an organic compound with the formula C2H7NO. It is a primary amine and a member of the ethanolamine family, which includes ethanolamine and diethanolamine. MEA is a clear, thick liquid with a strong ammonia-like smell. It is commonly used in gas treatment processes to remove carbon dioxide and hydrogen sulfide from natural gas.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19602
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
